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Ann: Capanda Green Ammonia Project Update, page-83

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newvalue

96 Posts.

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14/02/24

18:59

Post #: 72409134
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Originally posted by Merchant2000: ↑

''Considering the first year's production is likely to generate around $50mill net profit''

You have got it 100% wrong since 2021 and have constantly reduced your SP outlook and will continue to as reality sets in

IMO $50m profit in first year - totally naive if you believe this - The market has this at 9.5c for a reason or various reason with all the information for DD

The price would not be at 9.5c if your projections ramping was remotely accurate

Nothing that is ever announced or projected ever eventuates at this end of ASX

Getting $10m plus for running costs in 2024 will be no easy feat

Imagine costs once production commences and who knows how much more of the pie will shrink

Last CR 22.1% discount to market and Lindsay will do whatever it takes to keep lights on

I suggest you research IDC in present climate after 13 interest rate rises and other lenders

Research IDC and current lending climate etc

DYOR and IMO

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merchant may be a nagging presence, but he is a healthy one to have for readers here. Some of these predictions like $50m profit first year are just downright ridiculous

MNB Price at posting: 9.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 4.0¢		Change -0.002(4.76%)		Mkt cap ! $35.14M

Open	High	Low	Value	Volume
4.2¢	4.2¢	3.8¢	$115.1K	2.850M

Buyers (Bids)

No.	Vol.	Price($)
3	84606	3.9¢

Sellers (Offers)

Price($)	Vol.	No.
4.1¢	20000	1

View Market Depth

No.	Vol.	Price($)
2	126342	0.038
2	107447	0.037
2	250000	0.036
4	273104	0.035
3	343780	0.032

Price($)	Vol.	No.
0.041	20000	1
0.044	87100	2
0.046	197111	4
0.047	105346	3
0.048	140833	2

Last trade - 14.53pm 18/10/2024 (20 minute delay)

MNB (ASX) Chart