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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Last
4.6¢ |
Change
-0.001(2.13%) |
Mkt cap ! $40.41M |
Open | High | Low | Value | Volume |
4.6¢ | 4.6¢ | 4.3¢ | $34.13K | 757.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 244496 | 4.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.6¢ | 13319 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 244496 | 0.045 |
2 | 160000 | 0.044 |
3 | 339859 | 0.043 |
6 | 853102 | 0.041 |
6 | 771000 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.046 | 13319 | 1 |
0.047 | 85346 | 2 |
0.048 | 140833 | 2 |
0.049 | 99999 | 1 |
0.050 | 421700 | 3 |
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