looking forward to good news? dyor

First 16 Last

Share
Profile

Follow
lookatthis

1,428 Posts.

103

29/03/18

11:25

Post #: 32114077
Share

Originally posted by SkinnySailor ↑

Why would anyone want to ‘dump’ before the consolidation lookatthis? Do you even understand how they work? Anyone who does would tell you a simple Consolidation alone isn’t a valid enough reason to ‘dump’.

A few posters (one in particular a number of times) have suggested they’re doing it to make it easier for them to raise capital in the future. Frankly I find this pretty unlikely, and have discounted it as just a chance to downramp. At 12th Feb they had Cash of $9.1m. Given Paris Creek was Cash Flow positive at the time of acquisition, this suggests to me that unless they have a further acquisition in their sights, they have no need to raise further cash any time soon.

Personally I think the stock is still flying under a lot of radars, as evidenced by its valuation vs it’s peers. If anything I think the consolidation to a 80-90 cent stock will give it greater legitimacy, particularly in the eyes of larger institutional players. With this in mind I’ve used the recent weakness over the last week to add to my holding. During this time I’ve noticed a number of tiny orders (sub $0.30 orders) going through after the close to swing the price down which suggests to me someone is trying to pull it down so they too can buy up.

I don’t think it will be too long before we get an update from Management, (hopefully around branding and distribution channel additions) which should give the stock some upwards momentum going forward.

All just my two cents. As always, dyor.

Expand

looking forward to good news? dyor

LON Price at posting: 3.3¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

The Rising Tide: How institutional adoption is shaping the future of crypto

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

SER

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

There are more pages in this discussion • 31 more messages in this thread...

First 16 Last

Add MBH (ASX) to my watchlist

(20min delay)
Last 6.3¢		Change -0.002(3.08%)		Mkt cap ! $22.31M

Open	High	Low	Value	Volume
6.3¢	6.3¢	6.3¢	$788	12.5K

Buyers (Bids)

No.	Vol.	Price($)
1	3072	6.2¢

Sellers (Offers)

Price($)	Vol.	No.
6.6¢	52734	2

View Market Depth

No.	Vol.	Price($)
1	3072	0.062
2	111556	0.060
1	100000	0.058
1	13363	0.056
2	26231	0.055

Price($)	Vol.	No.
0.066	2734	1
0.068	69988	2
0.069	84950	1
0.070	73000	3
0.071	215000	1

Last trade - 15.20pm 26/08/2024 (20 minute delay)

MBH (ASX) Chart

looking forward to good news? dyor

The Rising Tide: How institutional adoption is shaping the future of crypto

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

looking forward to good news? dyor

Top Stories

The Rising Tide: How institutional adoption is shaping the future of crypto

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News