MNB

1.56%

6.3¢ minbos resources limited

”our time has finally arrived” “ I am pumping because I am...

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HongFang

781 Posts.

281

27/02/24

23:06

Post #: 72631200
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Originally posted by chuk: ↑

"It's appears the shareholders can't participate in the CR to benefit"

Shareholders had good opportunity to buy at around 7.6c right through most of December and down as low as 7c last month. Millions were exchanged around those prices so most retail holders had ample opportunity to buy cheap if they wanted them. No point complaining now about not being able to participate in a cr. I knew I could buy in any potential upcoming cr but I chose to buy over a million shares through December as well while sentiment was poor. I haven't sold one of those shares and I'm very happy to be able to buy more on the cr.

I doubt that I'm the only one expecting a strong recovery this year. There will be a lot of news starting with this financing news, start of construction, likely news on green ammonia deals which should kick off the PFS, commissioning and first production in the second half of this year. Anticipation of all that ongoing news flow is what can drive the sp a long way and what has already helped the sp form a base over recent weeks between 7c and 10c. once it breaks out from that base the move should be much larger than that 2c range. We were hoping to see that news flow last year but it looks like our time has finally arrived.
We saw the sp climb from 7c to 17.5c last year within a few months in anticipation of the GA tech study results. News flow this year year is going to be far more important to the sp. If anyone thinks I'm pumping, it's because I am pumped! I'm looking forward to what I expect should be our best year for sustainable sp gains. If we hit production this year, I can't see a good reason why we wouldn't at least approach base case NPV which would mean a new high in the sp.

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”our time has finally arrived” “ I am pumping because I am pumped” … Gets a lightbulb from me Chuk!

Brilliant

Last edited by HongFang: 27/02/24

MNB Price at posting: 9.2¢ Sentiment: Buy Disclosure: Held
6 Upvote

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(20min delay)
Last 6.3¢		Change -0.001(1.56%)		Mkt cap ! $55.35M

Open	High	Low	Value	Volume
6.4¢	6.4¢	6.1¢	$83.12K	1.332M

Buyers (Bids)

No.	Vol.	Price($)
2	146393	6.1¢

Sellers (Offers)

Price($)	Vol.	No.
6.4¢	413793	2

View Market Depth

No.	Vol.	Price($)
2	146393	0.061
3	83333	0.060
1	45000	0.058
2	26152	0.057
3	128000	0.055

Price($)	Vol.	No.
0.064	413793	2
0.066	147540	1
0.067	24600	1
0.068	20000	1
0.069	110000	2

Last trade - 16.10pm 13/09/2024 (20 minute delay)

MNB (ASX) Chart

”our time has finally arrived” “ I am pumping because I am...

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

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Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Utah authorities sign off on Anson's lithium extraction plans at Green River

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

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”our time has finally arrived” “ I am pumping because I am...

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