"An index is better for this purpose, not cherry picking a few individual examples. You conveniently and consistently not raised the fact that Minbos has underperformed the micro cap sector return."
The micro resources index below is described as a proxy for resource stocks with a mc below $100mill. In Feb-March 2024, it was down 69% from April 2022. Minbos has a mc of $50mill and sits in that index.
In April 2022, Minbos was averaging around 15c and in Feb-March 2024 it was around 9c ( that was down 40%) but taking the latest low price of 5.6c, Minbos is down 62%. It is outperforming the relevant index over the same two year time frame. Even if you take MNB's spike high of 19.5c a month earlier, then it is down 71% which is pretty much in line with the 69% of the index but a spike high on one stock is not a fair comparison to an index that has its price smoothed out over numerous stocks.
I'm not saying that any of this is even close to good enough but I was not cherry picking.
You should get your facts right before making unsubstantiated and incorrect accusations against me like that.
I can understand your frustrations at the current low sp but let's stick to the facts rather than let emotions do the talking.
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Last
5.3¢ |
Change
-0.002(3.64%) |
Mkt cap ! $45.85M |
Open | High | Low | Value | Volume |
5.4¢ | 5.5¢ | 5.3¢ | $16.18K | 299.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 195682 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.6¢ | 79119 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 195682 | 0.053 |
2 | 53865 | 0.052 |
3 | 79348 | 0.051 |
3 | 159701 | 0.050 |
1 | 150000 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 79119 | 3 |
0.057 | 12500 | 1 |
0.059 | 47420 | 1 |
0.060 | 36699 | 4 |
0.061 | 232189 | 3 |
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