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5.4¢ minbos resources limited

Have you seen the SPAt near 4 year lows "At the end of June 2021...

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Merchant2000

20,819 Posts.

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25/06/24

11:07

Post #: 74475143
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Originally posted by chuk: ↑

"Have you seen the SP

At near 4 year lows "

At the end of June 2021 the sp corrected sharply to a 4.9c low, just before the sp quadrupled in four months to 21c.
This time it is due news on the offtake contract, final funding and the start of construction, so with positive news it looks just as likely to have another big rally from here.
Only 7 days left for any remaining tax loss selling and possibly in the last stage of a very severe small cap bear market. The micro resources chart below shows a bottoming out pattern. If the sector recovers this year and MNB starts construction in the next few months, we should see a very large recovery from this low basing level.

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Have you seen the SP

At near 4 year lows "

At the end of June 2021 the sp corrected sharply to a 4.9c low, just before the sp quadrupled in four months to 21c.
This time it is due news on the offtake contract, final funding and the start of construction, so with positive news it looks just as likely to have another big rally from here.

Good luck with that rally

lets hope 4.9c does not get hit

MNB Price at posting: 5.0¢ Sentiment: Hold Disclosure: Not Held
1 Upvote

0 Great analysis

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(20min delay)
Last 5.4¢		Change 0.002(3.85%)		Mkt cap ! $47.44M

Open	High	Low	Value	Volume
5.3¢	5.4¢	5.3¢	$17.91K	337.6K

Buyers (Bids)

No.	Vol.	Price($)
1	616	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	52186	3

View Market Depth

No.	Vol.	Price($)
1	616	0.053
3	129306	0.052
1	20000	0.051
5	534219	0.050
2	92726	0.048

Price($)	Vol.	No.
0.054	52186	3
0.055	200012	4
0.056	263005	2
0.057	50979	2
0.060	130000	1

Last trade - 10.35am 17/07/2024 (20 minute delay)

MNB (ASX) Chart