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7.3¢ minbos resources limited

I’m with you Jezzy. Can’t see too many selling for the 33%...

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blastfurnace

1,801 Posts.

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10/06/18

07:52

Post #: 33620302
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Originally posted by Jezzy ↑

I hear what you were saying, but a more accurate way of understanding the cost of the shares is to consider average cost of the holding. Since one needed to hold shares to qualify for rights, must consider cost of held shares when calculating profit.
For sophs in the small raise at 0.002, 1:1 rights at 0.001 leaves them with an ave of 0.0015
Most holders who bought on market to avail themselves of rights issue paid 0.004. with 1:1 rights at 0.001 makes ave of 0.0025
So selling at 0.002 provides profit of 33% for the sophs. And v few of them are here for a mere 33% IMO.
Most OM selling has been at 0.0025-0.003
This REE is very promising IMO.
Im pleased with my position even though bought only on market and at 67% premium to the sophs.
Lets see.

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I’m with you Jezzy. Can’t see too many selling for the 33% profit given the low market cap. I’ve got a much larger multiplier in mind. Tried to get some of the shortfall, literally got laughed at. Pretty much free money. Expect interest in this to intensify once the more serious field work starts up.

MNB Price at posting: 0.2¢ Sentiment: Buy Disclosure: Held
9 Upvote

2 Great analysis

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(20min delay)
Last 7.3¢		Change 0.015(25.9%)		Mkt cap ! $51.83M

Open	High	Low	Value	Volume
5.8¢	7.3¢	5.8¢	$580.4K	8.844M

Buyers (Bids)

No.	Vol.	Price($)
3	150540	7.1¢

Sellers (Offers)

Price($)	Vol.	No.
7.3¢	191029	2

View Market Depth

No.	Vol.	Price($)
1	5468	0.064
1	110953	0.063
3	110000	0.062
2	397540	0.061
4	173333	0.060

Price($)	Vol.	No.
0.067	24600	1
0.068	100000	1
0.069	110000	2
0.071	72075	1
0.072	50000	1

Last trade - 15.53pm 02/12/2024 (20 minute delay)

MNB (ASX) Chart