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9.84%

6.7¢ minbos resources limited

Ann: Phosphate Fertilizer Project Update, page-145

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Antfish1984

429 Posts.

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25/05/24

20:49

Post #: 74009147
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Originally posted by chuk: ↑

I agree with everything you said. I agree that Mnb would have been at 10c or more without the delays etc. My point was simply that the bear market for small cap explorers and developers hasn't bounced much if at all and that is probably also playing a part in the low sp. In a bull market or neutral market for this sector we might have had the cr at 12c rather than 7c and the sp might have been at 10c with these delays rather than at 5.5c.
That was my point and I definitely did not select those stocks based on performance. I simply went through my list and picked out the resource stocks that were not yet producers, leaving out orher sectors and large caps.
Another reason I think the sector is still having its negative effect on MNB's sp as well is that the market cap versus NPV is at far too steep a discount for a stock one year from production. In a better market that discount would not be anywhere near that steep. However, that is something that finance and construction can change in a big way even without the small cap resources market needing to bounce.

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Why are you always so negative and pessimistic Chuck? Couldn't you, just once, consider the potential and future success of MNB!
Anyways, gltah and chuck...always look on the bright side

MNB Price at posting: 5.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.7¢		Change 0.006(9.84%)		Mkt cap ! $58.86M

Open	High	Low	Value	Volume
6.3¢	6.8¢	6.3¢	$111.7K	1.733M

Buyers (Bids)

No.	Vol.	Price($)
4	165041	6.5¢

Sellers (Offers)

Price($)	Vol.	No.
6.7¢	14945	1

View Market Depth

No.	Vol.	Price($)
4	165041	0.065
1	123600	0.064
4	246129	0.062
3	557930	0.061
6	576297	0.060

Price($)	Vol.	No.
0.067	14945	1
0.068	392976	2
0.069	127400	2
0.070	239286	2
0.075	300286	4

Last trade - 16.10pm 29/07/2024 (20 minute delay)

MNB (ASX) Chart