MNB 2.33% 4.2¢ minbos resources limited

Ann: Cabinda Phosphate Fertilizer Project Funding Update, page-410

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  1. 12,628 Posts.
    lightbulb Created with Sketch. 1806
    Chart suggesting technicals moving in the right direction, however in my opinion will attract "suckers" money.
    Retail investors have been kicked in the guts and are not sure which way to turn.
    Difficult call to throw more loot this stock, in this current range.
    It has no revenue and needs to spent millions to get numbers on the board.
    The "insiders" will pump all the positives but delivery is the issue. One year, 2 years, 3 years - maybe.
    Then again who knows - another hiccup re construction, distribution, government issues, Africa issues, management changes......the list goes on.
    It has a long way to go and at this point retail investors are at the whim of of those claiming it to be a monumental project.
    No revenue with massive overheads.
    That is the reality!

    https://hotcopper.com.au/data/attachments/6376/6376791-ad9b43d71641030d58f418ebad4c06a6.jpg

 
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