MNB minbos resources limited
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Ann: Quarterly Activities Report and Appendix 5B, page-81

  1. Merchant2000
    24,956 Posts.
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    06/02/24
    12:59
    Post #: 72261721
    @chuk

    Nearly $7.5m in staff and admin costs in the 9 months to 31/12/23

    No Construction or Production and cash burn already out of control

    No wonder you have to keep reducing your SP projections

    Cash burn for 2024 alone will exceed $10m plus and you think this is normal imo lifestyle company diluting shareholders wealth day by day

    How you don't see this as a huge red flag for such a large investor is astonishing to say the least


    IMO


    MNB Price at posting: 7.8¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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