When I see that buy wall disappear, I think that larger players / traders love to play with this stock and use the market sentiment to pick up a few cheapies. Just like happened recently, but the great thing about this stock is that so far it doesnt seem like it can be pushed that low.
I added quite a few MNB shares to my portfolio recently. Fully funded for a great phosphate project. No need to go back to market. A project I look at and think how could it possibly fail? The country needs it to happen. And then ammonia technical study and scoping study coming up. I really like companies at this end of the market with strong / powerful partnerships - and these continue to build - Angola govt, IDFC, Stamicarbon, cornerstone investors.
Might be a rocky few months in the market. Inflation pressure on the world and all the associated fallouts that will continue, and Putin / gas weaponised / Europe winter / potential low gas stocks after that will be another interesting watch. But based on all the above, MNB should be a great hold and part of the portfolio.
I really really really want to see boxes ticked on the phosphate project. That would be a great early xmas present. And that is all I wish for in the new year. Lock in that site. First ground moved. Get the building going onsite. Give us a pathway to a production go-live date that has certainty.
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Last
4.5¢ |
Change
-0.001(2.17%) |
Mkt cap ! $39.53M |
Open | High | Low | Value | Volume |
4.4¢ | 4.5¢ | 4.4¢ | $6.711K | 151.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 92194 | 4.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.6¢ | 77112 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 92194 | 0.045 |
1 | 227272 | 0.044 |
2 | 319859 | 0.043 |
2 | 738095 | 0.042 |
6 | 853100 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.046 | 77112 | 3 |
0.047 | 105346 | 3 |
0.048 | 140833 | 2 |
0.049 | 99999 | 1 |
0.050 | 421700 | 3 |
Last trade - 14.37pm 14/10/2024 (20 minute delay) ? |
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