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Ann: DFS Delivers Compelling Economics for Cabinda Project, page-166

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Gladdy1

176 Posts.

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19/10/22

17:25

Post #: 64283660
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Originally posted by Praeliator: ↑

What shareholders are hoping for is MNB to secure the remaining funding through loans, grants or whatever from organisations such as the AFDB, secure funds from the Angolan government or prepayments for off-takes. A lot of investment has been going into Angola, and factoring in that MNB so MNB has plenty of options to choose from, they could get one big loan from one entity or secure smaller payments from multiple sources. Thus, there's little to no excuse for MNB to resort to a CR to cover the remaining CAPEX needed (which I'd be disappointed if MNB goes this route).

How MNB secures the remaining capital is anyone's guess, some are skeptical to think MNB will do a CR because there was $25m raise in July and that's a valid concern, others think they would seek funding from organisations. Regardless, let's hope MNB secures the remaining funding at the expense of more dilution for shareholders.

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Assume last sentence reads 'MNB does not' secure the funds....'

A CR at these levels would destroy value for a long time. Hopefully management have been working on options other than a CR.

MNB Price at posting: 8.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.4¢		Change 0.001(2.33%)		Mkt cap ! $39.53M

Open	High	Low	Value	Volume
4.5¢	4.6¢	4.4¢	$47.92K	1.069M

Buyers (Bids)

No.	Vol.	Price($)
1	39230	4.4¢

Sellers (Offers)

Price($)	Vol.	No.
4.6¢	83900	3

View Market Depth

No.	Vol.	Price($)
1	39230	0.044
1	15000	0.043
2	463095	0.042
6	1316906	0.041
6	771000	0.040

Price($)	Vol.	No.
0.046	83900	3
0.047	99999	1
0.048	20833	1
0.049	205130	2
0.050	482525	2

Last trade - 16.10pm 07/10/2024 (20 minute delay)

MNB (ASX) Chart