Amazing that who ever wanted in, bought $470k worth and it pushed the price up 21%. Imagine if they wanted to invest a decent amount of $$
I think everyone has been focused on the delays in getting the finance. Yes we're all fed up with delays, however to someone waiting on the sidelines, once these CPs start getting ticked off & construction starts investors will only see that triple digit IRR Lindsay talked of. It will literally be a cash machine with very little technical risk - just very shallow mining that only needs scooping up, a bit of crushing & drying. A captive market with an ever increasing customer base.
In the recent mining.com interview Lindsay said they'd be mad not to double the plant capacity for $4m invested & that even the financiers wanted them to do that. The upside is enormous even without Green Ammonia.
I think this is just the start of the re rate, I might even take our resident trolls off ignore to see what they say.
MNB Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
