MNB

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6.3¢ minbos resources limited

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Merchant2000

21,361 Posts.

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21/08/24

12:25

Post #: 75303160
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Originally posted by chuk: ↑

"Why would some be selling at 7c or around these prices ??"
I would have thought you could figure that one out on your own.
There was a cr at 7c with free options. There are always a portion of the cr participants looking for shorter term gains. A few may have been trapped when the sp fell below 7c and took the opportunity to sell now that it's back up there. They are on a good profit with the options at 3c.
You also get traders that could be selling after buying in the low 5's.
Some investors are long term, some trade short term. I've often traded more liquid stocks over minutes. I still day trade more liquid stocks. I hold LTP long term but also day trade it despite expecting longer term gains.
I expect you know why some would be selling but no doubt you are trying to put your usual negative spin on it.
"Good luck with your 3.2c options"
I don't need luck for the options or the shares. Just time - and probably not much more time at all now.

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@chuk

IMO - you will need more than luck for construction to be finalised anywhere near constantly changing timelines set by company

so many unknowns and unforeseen with construction ahead

You seem to think its a formality that 2025 growing season will be achieved

Selling at under 7c is very concerning considering the govt is in at 8c

Banks must think 2025 season maybe missed and are cautious on lending to pay staff and admin

MNB Price at posting: 6.9¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 6.3¢		Change 0.003(5.00%)		Mkt cap ! $55.35M

Open	High	Low	Value	Volume
6.0¢	6.5¢	5.9¢	$15.02K	236.7K

Buyers (Bids)

No.	Vol.	Price($)
3	302743	6.2¢

Sellers (Offers)

Price($)	Vol.	No.
6.4¢	10000	1

View Market Depth

No.	Vol.	Price($)
2	190000	0.062
1	250000	0.061
4	150000	0.060
1	25000	0.058
4	118695	0.057

Price($)	Vol.	No.
0.065	28253	1
0.069	241507	3
0.071	72075	1
0.072	50000	1
0.073	418053	3

Last trade - 15.22pm 06/09/2024 (20 minute delay)

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Recommendation, page-1043

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Recommendation, page-1043

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Buyers (Bids)

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