MNB 1.85% 5.5¢ minbos resources limited

Nice dramatic big text Merchant. Still another false statement...

  1. 13,693 Posts.
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    Nice dramatic big text Merchant. Still another false statement though -. "no one wants to fund".
    You conveniently disregard that US$16mill has already been funded to get to this stage, including major plant components paid and delivered.
    You also ignore that the IDC's credit committee has given its approval for US$14mill. Before you go replying with the pre-conditions, name any resource project loan approval for a start up that doesn't have similar preconditions - namely that they can secure the balance of funding and that they sign the binding offtake MOU into contract. These are very standard preconditions. Anyone with any experience in resource stocks would know that.
    The Angolan banks are also showing interest and will IMO follow suit and also approve funding to get this project up and running.
    While most milestones have been late, most milestones ARE now ticked off. The funding and construction will follow.
    You also keep rambling on about huge construction risks. It's simple civil engineering, sheds and a very simple crushing and drying circuit. Construction risks couldn't be any lower yet you keep trying to mislead with your opinions.
    Why are you so desperate for this company to fail? So desperate that you keep making false statements that you know are false and regularly repeat them as much as ten times a day or more.
    It also amazes me that you think a volatile sp dictates the final outcome.
    Anyone predicting 5c in the last few years after the 2021 4.9c low has yet to be proven correct. Anyone predicting 15c or more since then would have been proven correct on multiple occasions. The sp is volatile and it will go up strongly again after funding is finalised and construction begins.

    Last edited by chuk: 21/05/24
 
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