Spot on mate. The upgraded Moody’s rating is a significant catalyst for both up and coming sector champions like MNB and more far reaching, this re-rate is likely to result in a ground swell of interest from international sophs, instos, and ESG funds that have been waiting for such an indicator of de-risked opportunity. Small caps such as MNB are flying under the radar but will be carried along by a flood of new investment and development programmes that are almost certain to arise as a result of this credit upgrade. As has been previously mentioned by some great contributors on this thread, the resultant hangover/stigma born from decades of unpredictable and volatile national governance continues to spook a broad range of investors. This inertia and top-heavy risk mitigation approach may well have run its course. Continual improvements by the Angolan government since 2003, and increased multilateral cooperation and investment from EU partners highlight a 2 decade (and certain to continue) period of growth, stability and immense opportunity. IMO, it is not the credit upgrade that will positively affect foreign entities such as MNB. What we have with Moody’s is a globally reaching promotion of investment opportunities that has not cost a cent. MNB is fundamentally sound, ensconced with the govt. and foreign support agencies and, well positioned to mine/manufacturer a world class product with predictable end -user agreements. This may well be a “perfect storm” that will blow this company into a billion $++ market cap. Have a great weekend all holders.
MNB Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
