MNB 1.61% 6.1¢ minbos resources limited

Ann: Results of General Meeting, page-19

  1. 13,851 Posts.
    lightbulb Created with Sketch. 3974
    "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.

    https://hotcopper.com.au/data/attachments/6258/6258247-faf217103c2ce8b6162b96be5770533f.jpg

    https://hotcopper.com.au/data/attachments/6258/6258293-28bdc9c360d7c5b368b41995a33235f2.jpg


 
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