MNB 1.72% 5.9¢ minbos resources limited

"How this is now trading at under 7c is major concern and Red...

  1. 14,232 Posts.
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    "How this is now trading at under 7c is major concern and Red Flag "

    I bought LTP a few months ago at 26c. Merchant's red flags must have been waving on the steadily falling sp. 34c to 23.5c in 6 weeks.


    https://hotcopper.com.au/data/attachments/6400/6400234-f4f351bf059de76df873cbe9ca2bc32b.jpg

    So much for those red flags though. After I bought in May at a near all time low of 26c, the stock is at $1.50 today, after less than 4 months. That's nearly a 5 fold sp increase despite buying into a falling sp and red flags. The best gains come from buying near lows Merchant, not buying near the peaks and then complaining that the stock is down 50% or more. You just need to make sure you have the fundamentals right when buying low. I'm sure enough with MNB's fundamentals for my own investment.

    https://hotcopper.com.au/data/attachments/6400/6400242-3daee4c2872f021e11ca5ddc54df0c80.jpg

 
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