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chuk

13,970 Posts.

4015

30/06/23

14:41

Post #: 68556386
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Originally posted by chuk: ↑

Here is the Russell 2,000 Small Cap chart over three years that shows the recovery is only in its early stages.

MNB 3 year chart below shows a very solid up trend that was interrupted by the bear market. Moving to production by the end of the year and advancing the green ammonia project, plus news on the yellow phosphorous should get the sp back into its uptend channel IMO.

With a bit of patience and development news, I'm hoping and expecting to see the sp back into the pre-bear market up trend channel. That is supported by the phosphate DFS base case after tax NPV alone. The green ammonia and yellow phosphorous offer much more upside than just getting back into that uptrend channel. One step at a time.

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Hopefully with the right news we pick up the pace and the chart follows the direction that I posted a few weeks ago, copied in below.

A more conservative picture might look like this with a more gradual recovery post bear market.
Either one will do just fine.

MNB Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.0¢		Change 0.004(6.06%)		Mkt cap ! $61.50M

Open	High	Low	Value	Volume
7.4¢	7.7¢	6.7¢	$344.3K	4.855M

Buyers (Bids)

No.	Vol.	Price($)
5	237921	6.9¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	303899	1

View Market Depth

No.	Vol.	Price($)
5	237921	0.069
1	59000	0.068
1	121949	0.067
2	60000	0.066
2	310000	0.065

Price($)	Vol.	No.
0.070	303899	1
0.071	133000	2
0.072	151573	2
0.073	100000	2
0.074	100000	2

Last trade - 16.10pm 12/08/2024 (20 minute delay)

MNB (ASX) Chart