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Ann: Continuation of Suspension, page-17

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Merchant2000

20,597 Posts.

869

09/04/24

07:50

Post #: 73249863
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Originally posted by Protagonist: ↑

I wonder how much money Minbos secured (and currently has sitting in escrow) from the CR prior to this trading halt?

Assuming this thing (the strategic investor or whatever it is) doesn't eventuate, most of the Argonaut participants will almost certainly attempt to withdraw from the process unless they have already signed binding paperwork (and even then, they might try to wriggle out). The CPS participants have already handed over their cash so obviously they have no way of escaping. Not sure how much cash that will amount to though. Probably not more than several million.

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@chuk earlier posts after TH - stated that CR was relatively small - not for construction completion etc

This now requires dilution or investor or fund provider equivalent to nearly entire current MC

$50m plus might not be enough for 2024 running and construction costs - hence detailed risks in annual report etc

The risks in annual report in every aspect were imo a warning of what will likely occur

Production in 2024 seems very unlikely

imo

MNB Price at posting: 9.2¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 5.3¢		Change 0.000(0.00%)		Mkt cap ! $45.85M

Open	High	Low	Value	Volume
5.4¢	5.5¢	5.3¢	$17.82K	326.7K

Buyers (Bids)

No.	Vol.	Price($)
1	271296	5.4¢

Sellers (Offers)

Price($)	Vol.	No.
5.6¢	114616	2

View Market Depth

No.	Vol.	Price($)
1	271296	0.054
2	52146	0.053
1	50000	0.052
1	387198	0.050
3	167040	0.049

Price($)	Vol.	No.
0.056	114616	2
0.058	50000	1
0.059	137407	2
0.060	316646	4
0.063	50000	1

Last trade - 12.50pm 27/06/2024 (20 minute delay)

MNB (ASX) Chart