MNB 1.79% 5.5¢ minbos resources limited

Ann: US$14m Loan Facility Approved & Firm Bids for Placement, page-490

  1. 13,712 Posts.
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    $186,000 dollars worth dumped and $186,000 worth bought. Small in the scheme of things but the selling has added up over the last few months to push the sp down to 6c. Plenty of doom and gloom talk on here coupled with the obvious repeated delays has put a fair bit of doubt in many minds judging by posts here. Some of this selling might be traders looking for other opportunities ahead of further funding and start of construction.
    What the stock needs for a sustained recovery will be to lock in the full funding. When that is done, the sp recovery should be much sharper than the sell off has been, especially if most investors with doubts have already sold.
    Last edited by chuk: 23/04/24
 
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