MNB 2.13% 4.6¢ minbos resources limited

I actually find it very positive both the Bank loans and the SWF...

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  1. 4,156 Posts.
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    I actually find it very positive both the Bank loans and the SWF investment are still ongoing though taking longer than expected. Africa is not like Australia, the loan/investment process is a matter of jumping over hurdles until approval at the end. The IDC loan seemed to take for ever, many assumed that meant it wasn’t happening - we all know the outcome was positive.


    The fact that the loan/investment process is still ongoing means it has passed the various stages and I suspect it is very close to that final hurdle. If it had been rejected at any stage it would be market sensitive & they’d have to report it.


    A sea of red on the market today, but very little volume on MNB, I think the market knows if it’s Africa expect delays, but good things come to those who wait.


 
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