Ann: Phosphate Fertilizer Project Update, page-220

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Merchant2000

21,797 Posts.

890

30/05/24

10:13

Post #: 74077393
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Originally posted by chuk: ↑

"Unlikely banks will come good until they see concrete evidence on construction timelines and capex"
They already have those. The IDC's credit committee has already approved its loan to Minbos.

"price at 4 year lows for many reasons and only a few see reality in play
Yet we still see projections of 29c lol"

I could post charts all day long to show why you should be laughing at your own statement. You really don't understand stocks.
Low prices don't always recover and can go lower but it is the fundamentals that determine whether a stock will recover or go lower, not the sp itself or whether it's making 12 month or 4 year lows.
DRO hit 4 year lows in 2020. Four years later it is up ten fold. The biggest gains always follow the lowest prices. It's difficult to know when the low is in until well after the fact. DRO actually quadrupled in 2019 before making a new low before going up ten fold. Buying based on the chart alone can often lose you money in smaller volatile stocks. Selling at four year lows just because it's a four year low, might turn out to be a very regrettable decision.

DRO ten year chart.

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''You really don't understand stocks.''

Every call I have made since early 2023 has been 100% on the money

Review your posts since then and you will see 100% wrong and not even close

500k dumps already - this will not end well

Angolan banks will not throw money at cash burning lifestyle companies without certainty imo

@chuk

MNB Price at posting: 5.4¢ Sentiment: Hold Disclosure: Not Held
1 Upvote

0 Great analysis

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