Objectively speaking, I reckon it's the end of the road for MBN. The last cap raising seems like the last. AS I expected, they would support the sp around the 30 cents mark for ever so long.
Arguably the highest grade, lowest cost Nickel play in the world (WSA) is taking a massive hit in the sp due to low Ni demand and low price.
Soon, the sp will fall through the 20 cents barrier. 18 cents next support level ??
Once it has a "1" in the first digit, the stock is essentially priced for bankruptcy and the sp will then be anyone's guess. Too risk to take a punt given the poor fundamentals.
MBN Price at posting:
25.0¢ Sentiment: Sell Disclosure: Not Held
