MNB 1.67% 5.9¢ minbos resources limited

Ann: Continuation of suspension, page-185

  1. 450 Posts.
    lightbulb Created with Sketch. 139
    "After all this long time the IDC loan is still not forthcoming and with each passing day seems a less likely outcome."

    If IDC loan is not granted, it will be a disastrous outcome, regardless of other events unfolding. Many posters here have used the fact that IDC advised that they only consider loan applications with a good chance of success to form a strong belief/confidence that the IDC loan will be granted. So if it's not granted, it means MNB is in the minority of losers that don't get their funding (since it's more likely than not a borrower being seriously considered by IDC gets the loan approved, according to IDC themselves).

    And not just that. A rejection from IDC also conclusively shows that MNB leaders are terrible and don't know what they are doing. If this happens, it will no longer be an opinion, it will be a fact. A confidence/faith crisis would not be a good foundation for this company to grow in the future, when every positive announcement will likely be met with skepticism and only when actual money is raised or revenue earned will it receive a significant boost.

    Hopefully this won't materialise.

 
watchlist Created with Sketch. Add MNB (ASX) to my watchlist
(20min delay)
Last
5.9¢
Change
-0.001(1.67%)
Mkt cap ! $51.04M
Open High Low Value Volume
6.1¢ 6.3¢ 5.8¢ $60.04K 990.5K

Buyers (Bids)

No. Vol. Price($)
1 38975 5.9¢
 

Sellers (Offers)

Price($) Vol. No.
6.0¢ 91000 2
View Market Depth
Last trade - 15.50pm 10/05/2024 (20 minute delay) ?
Last
5.9¢
  Change
-0.001 ( 0.00 %)
Open High Low Volume
6.1¢ 6.2¢ 5.8¢ 760369
Last updated 15.01pm 10/05/2024 ?
MNB (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.