MNB 3.70% 5.6¢ minbos resources limited

Ann: Trading Halt, page-208

  1. 745 Posts.
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    would you really be that happy to hand over more of the company, more control and more voting power to the Chinese?

    It might avoid a post cr sell down but unless you were planning to sell in the next few weeks this will be a short term glitch.

    Shanhai Janson backflipped on the $25m loan facility that should’ve been ours once securing the Offtake. Why would we want to do these guys any favours now? $25m is petty change to them. You and others complaining about missed timelines and blaming Mr Smiley while for the best part of a year he probably assumed the loan facility was as good as ours once we get the Offtake only to have the rug pulled out from under him at the 11th hour.

    The Chinese don’t know how to do fair and equitable partnerships, especially with foreign company’s and I suspect they’re playing us with the P4 project.

    Antfish voiced his concerns the other day regarding our security in preventing hostile takeovers and being bullied out of current agreements. History shows that in Africa the biggest risk to any resource company that has something of value to the Chinese, is the Chinese.
 
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5.6¢ 14492 1
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