MNB 6.52% 4.3¢ minbos resources limited

"Maybe the people who want to get out due to the long period...

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  1. 538 Posts.
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    "Maybe the people who want to get out due to the long period stuck between 10-15 c will choose to exit then. But why would you as we enter the next phase of our much bigger projects. Maybe they will recognize or reconsider their selling ideas on big news which we expect but want to see."

    The current sp level is probably already bottomed out, that's highly likely. However, now with the power of hindsight, selling on big news (and getting back in later) has been the successful strategy with this stock, due to timelines not being honoured and gaps between announcements are very long. Why sell the news when there are bigger news waiting? The answer is because sp will drop or at least not increase between news that are spaced long apart, so you might even put in something else while waiting for these news to develop for quarters, can even be a meagre few % from deposits or bonds.

    GA was first announced with very cheap electricity prices probably over 1.5 years ago, and now we have not even started the PFS for it yet. Go figure how long it will take for remaining steps before commercial operations.
 
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Last
4.3¢
Change
-0.003(6.52%)
Mkt cap ! $37.78M
Open High Low Value Volume
4.7¢ 4.7¢ 4.2¢ $68.99K 1.545M

Buyers (Bids)

No. Vol. Price($)
1 67894 4.3¢
 

Sellers (Offers)

Price($) Vol. No.
4.5¢ 190433 2
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Last trade - 16.10pm 04/10/2024 (20 minute delay) ?
MNB (ASX) Chart
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