"When would be a better time to buy if not after the end of the down trend?"
A safer entry would be when IDC loan gets approved. Based on recent sp reactions, I am putting the sp when IDC news materialises around .12-.14. Still good enough as an entry point given that a large portion of the risk gone.
But for those who firmly believe in a IDC loan approval, any time now is a good time.
It is a possibility (not likely but not impossible) that the company will be radio silent from here for another 2-3 months and then come back with some terrible funding news, which will likely see its sp drop back down to 8c or even less. We have seen this happen several times (the radio silence pattern) so I'd say it's still premature to rule this scenario out completely.
Let's not forget that as of now not a single cent has been received so the entire $26m is currently at risk, not just $12m.
Next Investors themselves have also not escaped the pain of delays from MNBthemselves, so they well learned the lesson and haven't forgot to point out the short term risk of funding in their write up.
"For MNB’s phosphate/fertiliser project the short term risk is “Funding risk”.MNB has a relatively small CAPEX funding gap that needs to be filled and so will need to try and secure additional funding to complete construction works and get its project into production.There is a risk that the final funding package takes longer than expected to secure OR isn't secured at all which forces MNB to pivot in its development strategy.Any delays from a funding perspective could impact the time it takes for MNB to get to first production (and revenues) from the project."
- Forums
- ASX - By Stock
- Ann: Capanda Green Ammonia Project Update
"When would be a better time to buy if not after the end of the...
-
-
- There are more pages in this discussion • 385 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MNB (ASX) to my watchlist
|
|||||
Last
6.5¢ |
Change
-0.001(1.52%) |
Mkt cap ! $57.11M |
Open | High | Low | Value | Volume |
6.7¢ | 6.7¢ | 6.5¢ | $8.048K | 123.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 78153 | 6.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.7¢ | 40000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 78153 | 0.065 |
4 | 62500 | 0.063 |
1 | 164037 | 0.061 |
4 | 160357 | 0.060 |
1 | 50000 | 0.059 |
Price($) | Vol. | No. |
---|---|---|
0.067 | 40000 | 2 |
0.069 | 241507 | 3 |
0.071 | 72075 | 1 |
0.072 | 73500 | 2 |
0.073 | 418053 | 3 |
Last trade - 10.32am 30/08/2024 (20 minute delay) ? |
Featured News
MNB (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online