MNB minbos resources limited

Ann: Cabinda Phosphate Finance and Sales Update, page-754

  1. 963 Posts.
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    Newbies need to weigh up the consequences of insufficient funding and the danger of a CR.

    Admin and staff costs are averaging over the last two quarters over $3million a quarter.

    Cash is being depleted every day in Minbos and delays could see the company in a serious position needing to raise funds.

    Timelines are rarely achieved in Minbos, the predicted drawdown date for funds is July if for reasons that date does not occur what happens to progress in the project?
 
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