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Ann: Trading Halt, page-212

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Red Baron

4,141 Posts.

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25/02/24

19:12

Post #: 72585870
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Originally posted by HongFang: ↑

would you really be that happy to hand over more of the company, more control and more voting power to the Chinese?

It might avoid a post cr sell down but unless you were planning to sell in the next few weeks this will be a short term glitch.

Shanhai Janson backflipped on the $25m loan facility that should’ve been ours once securing the Offtake. Why would we want to do these guys any favours now? $25m is petty change to them. You and others complaining about missed timelines and blaming Mr Smiley while for the best part of a year he probably assumed the loan facility was as good as ours once we get the Offtake only to have the rug pulled out from under him at the 11th hour.

The Chinese don’t know how to do fair and equitable partnerships, especially with foreign company’s and I suspect they’re playing us with the P4 project.

Antfish voiced his concerns the other day regarding our security in preventing hostile takeovers and being bullied out of current agreements. History shows that in Africa the biggest risk to any resource company that has something of value to the Chinese, is the Chinese.

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"Shanhai Janson backflipped on the $25m loan facility that should’ve been ours once securing the Offtake."

My understanding is that facility is still available to us, we just don't want to be beholden to that Group of investors, they are already our largest shareholder & probably even bigger after this raise.

MNB Price at posting: 9.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.3¢		Change -0.003(6.52%)		Mkt cap ! $37.78M

Open	High	Low	Value	Volume
4.7¢	4.7¢	4.2¢	$68.99K	1.545M

Buyers (Bids)

No.	Vol.	Price($)
1	67894	4.3¢

Sellers (Offers)

Price($)	Vol.	No.
4.5¢	190433	2

View Market Depth

No.	Vol.	Price($)
1	67894	0.043
2	338095	0.042
5	677197	0.041
6	516000	0.040
1	12820	0.039

Price($)	Vol.	No.
0.045	190433	2
0.046	15000	1
0.047	122499	2
0.048	45000	1
0.049	3365	1

Last trade - 16.10pm 04/10/2024 (20 minute delay)

MNB (ASX) Chart

Ann: Trading Halt, page-212

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Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

BCI reaches close of funding facility for salt-first part of Mardie project

Buxton projects new graphite province discovery at WA Narryer play

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Ann: Trading Halt, page-212

Top Stories

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