Small mention by Next Investors on the weekend;Minbos Resources (ASX:MNB)
Yesterday MNB went into a trading halt pending a capital raise.
MNB had $4.2M in cash at the end of theSeptember quarter. Any extra funding will go a long way to help MNB hit its company objectives in 2022.Next: We want to see some more news with respect to the zero carbon ammonia project as well as progress and development on the phosphate production plant.
Shareholders are keen as buggery for more info on the green ammonia project too , using some of the cheapest (hydro)power in the world that is already in place, with an allocation for MNB.
Time to release the handbrake on this one Lindsay and co.
Tipping the SP may well jump out of the blocks tomorrow, particularly with a solid explanation of where the new funds are going.
Anything under 40c is still good value buying with MNB at the moment anyway, IMO.
And anything under 80c is good buying, once we have some very firm plans and a timeline for the green ammonia show...
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Mkt cap ! $35.14M |
Open | High | Low | Value | Volume |
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2 | 107447 | 0.037 |
2 | 250000 | 0.036 |
4 | 273104 | 0.035 |
3 | 343780 | 0.032 |
Price($) | Vol. | No. |
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0.041 | 20000 | 1 |
0.044 | 87100 | 2 |
0.046 | 197111 | 4 |
0.047 | 105346 | 3 |
0.048 | 140833 | 2 |
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