Is SINOMA finance dead in the water, page-5

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ddzx

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26/04/16

09:06

Post #: 17595408
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Originally posted by Names little ↑

Hi DDzx, yes I must admit to being confused as if I was an an investor that read the last investor presentation I would have noted the following

" Discussions continuing on US$150m debt term sheet with China National Materials Industry Import and Export Corporation (SINOMA)"

So if as you say they may have changed strategy, well shouldn't they then come out and announce it, you know, a brand new strategy document to propel MNS into the future, they could also outline the mechanisms and any associated costs of getting out of any "binding agreements" with the Chinese and also perhaps announce that they are no longer in discussions with SINOMA re our binding finance term sheet.

But until they make such an announcement should we not assume they still have binding off takes with the Chinese and must also assume some "discussions " are continuing re our binding finance term sheet.

No wonder I am confused and that's why I think we need a detailed explaination, I note you also used the word "probably", does that mean you are also unsure?

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SINOMA are still interested

MNS are still interested

but it may not be the optimal marriage for MNS

this video may help you

MNS Price at posting: 52.0¢ Sentiment: None Disclosure: Held
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