MNB minbos resources limited

2.44%

4.2¢

Ann: Quarterly Activities Report and Appendix 4C, page-205

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Merchant2000

24,956 Posts.

982

06/02/25

12:43

Post #: 77734158
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Originally posted by chuk: ↑

"Would this still be a buy if it dropped to 4c or under ??"

If you wanted to buy a house that was on offer at $1mill and after thorough research you thought it was worth more but were holding off and then the owners, needing cash fast, offered it to you for $800,000, would you care why the owner needs cash quickly or would you just buy?

I know shares and property are not the same thing but the principle is the same. If nothing has changed for the worse for MNB other than a lower sp, especially due to low volume selling, then for me it is a better buy below 4c than it is at 5c, 6c, 7c or above. Especially so if I can see why the sp is lower and those reasons are IMO short term in nature. CR overhang and 5c option overhang coupled with that driving the sp down at a time of low news flow creating doubts and uncertainty on which you happily feed off of.
Yes it remains a buy to me.

The counter question is this; if the sp rises above 5c, 6c or 7c on strong volume would it become a buy for you? As far as I'm concerned, it would feel reassuring but the sp doesn't change anything as far as the company locking in its financing. It just reflects the marginal trader's sentiment at the time.
News drives my expectations, not a volatile sp driven by short term views or sentiment.

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Comparison to house - hilarious

MNB is at the crossroads and full mercy of all African Entities - not usually applicable to a house

3 back to back Capital raises and still nothing resolved but shareholders being slaughtered

SWF invested in resource

This could be suspended without funding news soon

Production in 2025 - more unlikely with every passing day

@chuk

IMO

MNB Price at posting: 4.6¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last 4.2¢		Change 0.001(2.44%)		Mkt cap ! $40.95M

Open	High	Low	Value	Volume
4.6¢	4.6¢	4.2¢	$67.95K	1.566M

Buyers (Bids)

No.	Vol.	Price($)
1	7799	4.2¢

Sellers (Offers)

Price($)	Vol.	No.
4.4¢	17543	1

View Market Depth

No.	Vol.	Price($)
1	7799	0.042
1	240000	0.041
9	191000	0.040
4	346566	0.039
9	594463	0.038

Price($)	Vol.	No.
0.044	17543	1
0.045	23000	1
0.046	42337	1
0.048	20000	1
0.049	129115	1

Last trade - 15.50pm 20/06/2025 (20 minute delay)

MNB (ASX) Chart

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