Even back to 0.016 cents, as it were, MBN would still be expensive.
Fundamentals (or lack there of) are still the same. Nothing good happening there.
Unless we get clear guidelines from the CEO, advising on:
New, long term, production forecast, without the customary excuses;
New, long term, offtake agreements;
A functional Tailing Dam, actually being used as such;
Equipment fully operational according to their nameplate capacity, without excuses;
Water shortage resolved;
Firm indication of when MBN will, once again, become profitable.
(I believe they will use the "explosives shortage" excuse for next quarter, to justify lower than expected production capacity. This excuse was used in the past, so can't see not being used again.)
Until then, MBN will be EXPENSIVE at any price.
This is solely my opinion. DO NOT ACT, on either buying or selling this stock, until you research the company yourself.
MBN Price at posting:
9.0¢ Sentiment: None Disclosure: Not Held
