I personally (imo only, not speaking for others) think the best entry for this stock from here is to see it clearing 2 out of the 3 i.e. offtake contract AND (bank loan OR SWF investment). That way, there's still some funding risk left while production still hasn't started, leaving still plenty of upside potential while effectively derisking the investment to as low as possible.
The risk as of now remains significant, not just funding risk, but management risk. Once 2/3 are satisfied, both risks are then lowered to minimal. Of course upside return is also lowered, but it's worth the wait (imo), because management has been very terrible so far and the funding risk at the moment can actually be bigger than what's commonly perceived.
- Forums
- ASX - By Stock
- Ann: Quarterly Activities/Appendix 5B Cash Flow Report
I personally (imo only, not speaking for others) think the best...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
Add MNB (ASX) to my watchlist
(20min delay)
|
|||||
Last
6.7¢ |
Change
0.002(3.08%) |
Mkt cap ! $58.86M |
Open | High | Low | Value | Volume |
6.7¢ | 6.7¢ | 6.7¢ | $14.82K | 221.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12250 | 6.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.7¢ | 12449 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 30000 | 0.064 |
2 | 27700 | 0.063 |
3 | 220000 | 0.062 |
4 | 387052 | 0.061 |
7 | 417297 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.068 | 100000 | 1 |
0.069 | 302397 | 3 |
0.071 | 258003 | 2 |
0.072 | 100000 | 1 |
0.073 | 91000 | 1 |
Last trade - 15.39pm 02/08/2024 (20 minute delay) ? |
Featured News
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
MNB (ASX) Chart |