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Ann: Trading Halt, page-222

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  1. Merchant2000
    21,704 Posts.
    lightbulb Created with Sketch. 886
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    26/02/24
    07:31
    Post #: 72588599
    @chuk
    No one looks willing to fund this - not big holders or any African company or Govt

    You portray production is a sure thing in 2024 - let's see any terms and equity deals going forward

    It was blatantly obvious they had to get their balance sheet in order
    This CR will not finish off construction and running costs have exploded

    Do the maths !!!

    IDC was not going to loan based on last quarterly- cash burn and position

    Last three announcements clearly offered forward looking hope and imo were a pump to get to where it is now

    Still require $12m US for construction and more for working capital etc

    Let's sheet term sheet 1 - if there are any changes etc

    imo
    only


    MNB Price at posting: 9.2¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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