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5.5¢ minbos resources limited

Ann: Quarterly Activities Report and Appendix 5B, page-258

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pedini89

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146

20/01/24

19:59

Post #: 71980707
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Originally posted by riverflows: ↑

Due Diligence started in October 2023 ("The loan facility proposes a competitive interest rate and tenor, subject to a number of conditions precedent which are customary for a transaction of this nature, including due diligence with site visits scheduled for this month.")

Since October 2023 (when the news was first announced), I think it has been longer than (45 days of due diligence + 8 days of finalisation = 53) working days, even after taking into account public holidays?

Next week must be the final week regarding the IDC loan. Absent any news, they'd better provide very detailed explanations in the quarterly.

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The company never gave guidance on how long the due diligence stage would take.

MNB Price at posting: 8.4¢ Sentiment: Buy Disclosure: Held
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