"Some here will stop at nothing to create FOMO when nothing will happen for at least 12 months at best"
Actually, further funding could be secured within the next few of months, construction is likely to start within that timeframe and while I wouldn't call it a probability, there is certainly a possibility that some sort of JV deal is done on the GA to accelerate its development.
In addition to that, since when does a stock only rise after production begins?
A4N has built a pilot plant but has been waiting on offtakes for its commercial sized plant to faciltate funding ahead of a two year construction period since around 2020. So for all of the last four years, they have been at least 2.5-3 years from commercial scale production and any significant profit. Has the sp waited even for financing or construction to begin? No.The mc is now just under $1billion.
I'm not saying MNB should or will follow a similar pattern but it is incorrect to expect that a stock won't rise because it is one year from production.
- Forums
- ASX - By Stock
- MNB
- Ann: Minbos Investor Presentation - Angola Rising
Ann: Minbos Investor Presentation - Angola Rising, page-597
- There are more pages in this discussion • 9 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
(20min delay)
|
|||||
Last
5.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $48.44M |
Open | High | Low | Value | Volume |
5.8¢ | 5.8¢ | 5.6¢ | $4.757K | 84.49K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 84497 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.8¢ | 172515 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 16096 | 0.056 |
4 | 308051 | 0.055 |
2 | 118518 | 0.054 |
5 | 284000 | 0.053 |
4 | 93095 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.058 | 172515 | 3 |
0.059 | 50000 | 1 |
0.060 | 1091000 | 3 |
0.061 | 115780 | 1 |
0.062 | 84950 | 2 |
Last trade - 13.59pm 17/05/2024 (20 minute delay) ? |
|
|||||
Last
5.6¢ |
  |
Change
0.000 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
5.8¢ | 5.8¢ | 5.5¢ | 128359 | ||
Last updated 14.34pm 17/05/2024 ? |
Featured News
MNB (ASX) Chart |