MNB 3.45% 5.6¢ minbos resources limited

Anyone relying on the websites that tell you whether to buy or...

  1. 13,527 Posts.
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    Anyone relying on the websites that tell you whether to buy or sell shouldn't be investing in shares.
    Merchant has quoted one such site. Here is another.

    "Should I trade "MNB" stock today?" According to our live Forecast System, Minbos Resources Ltd stock is a very good long-term (1-year) investment*. "MNB" stock predictions are updated every 5 minutes with latest exchange prices by smart technical market analysis."

    https://walletinvestor.com/asx-stock-forecast/mnb-stock-prediction

    IMO, if you rely on these websites, then you have no idea what you are doing.
    The above buy recommendation also comes with the following statement;
    "With a 5-year investment, the revenue is expected to be around +69.02%"
    How can 5 year revenue be up 69% when there is no revenue currently. What is the revenue forecast supposed to be?
    I didn't post the above to suggest anyone should buy based on its buy recommendation. I posted it to show why investors, even beginner investors, shouldn't rely on such recommendations.


 
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5.6¢
Change
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Mkt cap ! $48.44M
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5.6¢ 5.6¢ 5.5¢ $9.232K 166.2K

Buyers (Bids)

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2 99963 5.6¢
 

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Price($) Vol. No.
5.8¢ 252589 4
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Last trade - 15.37pm 03/05/2024 (20 minute delay) ?
Last
5.6¢
  Change
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Open High Low Volume
5.6¢ 5.6¢ 5.5¢ 86140
Last updated 15.37pm 03/05/2024 ?
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