Minbos shares holding up well again. Good buying support met when someone sells lower. In terms of the broader market the ASX has been giving a hiding this year. My gut feeling suggests we may be getting close to some sort of bottom. The US FED has giving a clear guideline on there inflation plan and the market seems to have factored in rates and a minor recession. As for our investment here being such a great inflation hedge, And buyers stepping up on any cheap shares, people feel something is brewing with news expected sometime soon including our Tech partner and Green Ammonia timeline and the finalized DFS for Cabinda Phosphate, I am not surprised to see this buying pressure. I personally have an order at 12.5 and pretty sure it won't get hit. But will leave it there anyway just in case.
MNB Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
