MNB minbos resources limited

Ann: Banco BAI Term Sheet Signed, page-157

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    "We’ve got a good 2-month window before stage 2 is due to start - I doubt we’ll need anywhere near that time to finalise the BAI + IDC loans"

    Heya Red - you posted this back on 10 December, which is longer than two months ago.

    Do you think Stage 2 started on schedule, despite Minbos not yet having the money to fund it? Personally, I assuming the company would need to announce the signing of that contract, so I doubt it happened. Which takes me to my next question - after what period of delay to the commencement of stage 2 do you think the loss of another growing season becomes a highly probable outcome?
 
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