MNB 2.27% 4.5¢ minbos resources limited

Ann: Cabinda Phosphate Fertilizer Plant Enroute to Angola, page-98

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  1. 14,292 Posts.
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    I asked last month. At that time, Tech study was expected to be out this month. So if no late stage delays since then, it could be out any time in next two weeks. I'm thinking next week is more likely because if they were expecting it to be very late February, they probably would have said February or March.
    They are going to want the sp above 15c soon for options to get exercised. So I would think that the tech study announcement will include as much positive information as possible. I expect that it could push us to 15c and then hopefully there are a series of phosphate related announcements to push the sp comfortably above 15c so we start seeing options get exercised. A significant enough reduction in capital when that result is released would certainly help.
    Probably good timing to be adding. I topped up recently too with some very good trading profits from an old stock I used to hold.
 
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