MNB

1.67%

6.1¢ minbos resources limited

Ann: Continuation of Suspension, page-22

First 22 Last

Share
Profile

Follow
Merchant2000

21,948 Posts.

899

09/04/24

10:48

Post #: 73254249
Share

Originally posted by chuk: ↑

According to the company, the actual number to get into production was US$26mill. That number might now be a little lower due to what has been spent on the project since that number was put out in December. It wasn't clear in the announcements if that included working capital but from the December presentation, slide 27; " US$26 million left to spend to get into production" That sounds to me like it could have included working capital and that's the feedback I got from the company when I asked that question this week (including that the number is now lower than $26mill due to what was recently spent).
US$26mill, (probably less now), less US$14mill from the IDC leaves up to US$12mill. That is A$18mill. The original cr was not aiming for anywhere near that much because the company was and still is pursuing other debt options.
Yes, the company is low on cash and that reduces their bargaining power but it all needs to be put into perspective.
Perhaps another A$10mill left to raise after this cr and after the IDC is confirmed, hopefully mostly from other debt, on a project with a NPV of over A$300mill. That's not as bad a situation as some here suggest.
Even if we see say up to 25% dilution from before this cr to get us into production (won't need to be that much if other debt comes through along with IDC), that brings the mc up to around A$100mill (at the last sp) versus a NPV of three times that and once in production most companies trade well above their NPV which could mean a sp of 30c plus after production begins. The NPV will also be higher now with much larger production numbers for years 1-7 now expected versus the DFS.

Expand

I read here yesterday that this duck may be cooked from clearly a knowledgable investor who knows how risky this end of ASX really is

What negotiating power does one have when company has no money left - insolvent without a rescue plan at this point in time

@chuk Thanks and you were cautioned

Riverflows has it 100% on the money and anything else - sugar coating serves no purpose

IMO

Last edited by Merchant2000: 09/04/24

MNB Price at posting: 9.2¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

TYX

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

First 22 Last

Add MNB (ASX) to my watchlist

(20min delay)
Last 6.1¢		Change 0.001(1.67%)		Mkt cap ! $53.59M

Open	High	Low	Value	Volume
6.2¢	6.3¢	6.0¢	$97.62K	1.591M

Buyers (Bids)

No.	Vol.	Price($)
3	130000	6.0¢

Sellers (Offers)

Price($)	Vol.	No.
6.3¢	70027	1

View Market Depth

No.	Vol.	Price($)
3	130000	0.060
2	82729	0.059
2	65000	0.058
1	10526	0.057
7	128940	0.055

Price($)	Vol.	No.
0.063	70027	1
0.064	181029	1
0.065	616365	3
0.066	160000	2
0.067	20000	1

Last trade - 16.10pm 15/11/2024 (20 minute delay)

MNB (ASX) Chart

Ann: Continuation of Suspension, page-22

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Banshee's historic trenches prove rich in antimony and gold for GDM

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

Cyclone signs MOU with Vale for development of Iron Bear play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Continuation of Suspension, page-22

Top Stories

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Banshee's historic trenches prove rich in antimony and gold for GDM

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

Cyclone signs MOU with Vale for development of Iron Bear play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News