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2.33%

4.2¢ minbos resources limited

Ann: US$10m Strategic Investment Approval Received, page-181

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riverflows

565 Posts.

202

16/08/24

16:57

Post #: 75243301
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Originally posted by chuk: ↑

"Eventually you must accept reality"

I already have.
Angolan soils are heavily depleted of phosphate. Imported fertilisers are in many cases prohibitively expensive and difficult to import.
Minbos has a proven, very effective, lower cost, locally mined product.
Margins will be high, up front cost is very low.
Angola needs it, the Angolan government recognises this and has shown its support by investing in the project at a 25% premium to the last traded price with an investment amount sufficient to clear one of the IDC loan preconditions.
With the SWF on board, the focus will now be on converting the binding MOU to a formal agreement ASAP.

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So as of now, there's still nobody (except MNB's management and Carrinho?) who knows the real reason behind the extended delay in getting MoU converted into offtake contract?

Last edited by riverflows: 16/08/24

MNB Price at posting: 7.2¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 4.2¢		Change -0.001(2.33%)		Mkt cap ! $36.90M

Open	High	Low	Value	Volume
4.2¢	4.3¢	4.2¢	$17.41K	412.8K

Buyers (Bids)

No.	Vol.	Price($)
1	200000	4.1¢

Sellers (Offers)

Price($)	Vol.	No.
4.2¢	26067	1

View Market Depth

No.	Vol.	Price($)
1	200000	0.041
7	556720	0.040
1	16000	0.039
2	195000	0.038
2	190411	0.037

Price($)	Vol.	No.
0.042	26067	1
0.043	142598	4
0.044	12500	1
0.045	90000	1
0.046	27111	2

Last trade - 14.27pm 06/11/2024 (20 minute delay)

MNB (ASX) Chart