MNB 2.13% 4.6¢ minbos resources limited

Sometimes the suckers are the ones that sell for that 20% rally,...

  1. 14,320 Posts.
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    Sometimes the suckers are the ones that sell for that 20% rally, thinking that it's just a suckers rally.

    In 2021, MNB hit a low of 4.9c. At 5.9c, it made its 20% gain. Anyone selling that rally might have then watched the stock continue to 21c over the next 4 months for a 300% move. In the last 5 years, MNB has had 4 rallies which resulted in gains of 100% - 300%.
    Coming off a low base of 4.9c this time so there is potential for another larger rally.
    From 4.9c to the current 6.6, this rally is already up 34%. At the recent 7.8c high, the rally was returning 60%. Time will tell if this rally has seen its high, or will turn into another 100% (10c) or 300% move (20c). If everything works out with the offtake and financing, the potential is better than it's ever been. Not quite there yet though.


    https://hotcopper.com.au/data/attachments/6447/6447895-ab24a4219d7ff0fe817c067811e96995.jpg





 
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