MNB minbos resources limited

Ann: Cabinda Phosphate Finance and Sales Update, page-984

  1. 962 Posts.
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    If the company has a staged approach to its construction activities to match the timing of its debt and equity partners does it mean BAi and IDC also have the same approach.
    With construction obviously now looking way behind schedule the release of funds could be further delayed.
    Delays would see cash needed for the daily running of the company in staff and admin costs being seriously depleted.
    Three million a quarter is the recent burn, where the next cash is coming from will have to faced shortly if facing delays.
    Will a CR be announced for cash?
 
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