MNB 3.64% 5.3¢ minbos resources limited

"An index is better for this purpose, not cherry picking a few...

  1. 13,717 Posts.
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    "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.


    https://hotcopper.com.au/data/attachments/6255/6255799-85fbf7a7e50f42254edefdf049ad79ab.jpg

    https://hotcopper.com.au/data/attachments/6255/6255838-526c713dc5b85fe778d2bb3e675518c9.jpg

 
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5.3¢
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