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1.41%

7.2¢ minbos resources limited

Both funds are expected to put proposals to their investment...

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Merchant2000

21,118 Posts.

877

16/07/24

10:04

Post #: 74769141
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Originally posted by chuk: ↑

"It seems no one wants to take a punt on MNB the share price still languishes around 5 cents"

If no one wanted to buy, you wouldn't have any volume. As always, just as many shares are being bought as are sold. There is always someone on the other side of every trade. You might not want to take a punt but that doesn't mean others are not buying.
Over 4 million options were bought a few days ago at a premium of at least 3.5c. Those options are nearly 2c out of the money.
No one has told me that the offtake is signed but I agree with Timdonny that that news could drop at any time now. When it does, the term loan could follow in the following week or two if due diligence is near completion and it's mainly waiting on the offtake.
Some of us don't see this as a punt. I see it as a higher risk investment. Most investments in stocks are higher risk but on average, returns over the longer term make up for the volatility. Even with smaller stocks like MNB, when buying stocks with a higher chance of progressing projects and buying low rather than chasing the price by following the crowd, rewards can be very high over time.

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Both funds are expected to put proposals to their investment committees by mid-July

GLAH

MNB Price at posting: 5.2¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 7.2¢		Change 0.001(1.41%)		Mkt cap ! $63.26M

Open	High	Low	Value	Volume
7.3¢	7.4¢	7.2¢	$67.88K	934.4K

Buyers (Bids)

No.	Vol.	Price($)
2	60000	7.1¢

Sellers (Offers)

Price($)	Vol.	No.
7.2¢	45486	1

View Market Depth

No.	Vol.	Price($)
2	60000	0.071
4	147150	0.070
4	151667	0.069
2	93000	0.068
1	20000	0.066

Price($)	Vol.	No.
0.072	45486	1
0.073	326188	1
0.074	90772	1
0.075	250000	1
0.076	15000	1

Last trade - 15.28pm 14/08/2024 (20 minute delay)

MNB (ASX) Chart