"Bit of uncertainty around this company at the moment"
That idea seems to have sunk into MNB holders heads lately.
Can anyone name me a single company that doesn't have a "bit of uncertainty"?
ASX investing ALWAYS involves uncertainty and it's never just a bit either.
Take the big ASX stocks, BHP and FMG as examples. You could have bought while the iron ore price was trending up and peaking around $250/t, only to see the price fall all the way back to just $80/t. FMG's sp almost halved as a result but has since bounced back. BHP is obviously going to be less volatile than MNB and has less risk but MNB has far greater upside potential and there is always going to be uncertainty with every investment.
Anyone that wants certainty should put their money in the bank and forget about strong investment returns.
By the way, FMG was always a much riskier investment than BHP because of its debt levels and single commodity risk but it's also greatly outperformed BHP. FMG is up ten fold in the last seven years while BHP is up four fold. Before FMG went up ten fold, it first had a deep correction from $6 to below $2. From the deepest corrections come the biggest rallies.
I'm counting on MNB doing better than FMG and potentially over a shorter time frame.
https://www.marketindex.com.au/iron-ore
FMG chart
MNB has corrected very heavily again, as it did last year down to 5c but from the deepest corrections and periods of "uncertainty" come the biggest rallies and gains for those that don't feel the uncertainty.
MNB chart
