Ann: Cabinda Phosphate Fertilizer Project Funding Update, page-374

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Merchant2000

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08/08/24

08:14

Post #: 75118816
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Originally posted by chuk: ↑

"do the banks/fundst care about the farmers no they only care about what they get. "

They will get to fill or partially fill their quota for loans to the agricultural sector. They will also get a very low risk loan with their government credit guaranty. That will be enough for them and they'll be happy to get it. Just out of curiosity, how did the IDC screw MNB? Oh, that's right, they didn't.

As Lindsay has said several times in video interviews, including recently, it is important for Angola to attract foreign investment to diversify their economy. They wont do that by screwing foreign investors the way a couple of HC poster's incorrectly speculate.

The Sovereign Wealth Fund will get a slice of the pie if they decide to invest, which I'm confident they will. They will get a slice just like any other shareholder and better the SWF than any other shareholder for two reasons.
1. Taxes are very low in the province so this is one way Angola gets some direct return from the project - that is in addition to the large indirect benefits to the economy through the big productivity increases the phosphate will bring to the farmers and downstream industries like Carrinho's food processing facility, transport, etc.
2. Unlike sophisticated investors or shareholders in a shareholder investor plan, the SWF won't sell their shares and put pressure on the sp. So with the final funding locked in, rather than shareholders having to worry about new sellers, they can instead watch the sp gain rapidly on the removal of the funding risk and the start of construction. Rather than screw Minbos, the SWF is more likely to pay a premium as is usual for this type of transaction, taking into consideration not just the current market valuation, but also the actual project valuation. The SWF will invest because this project will be very good for Angola but they will also get a good return on their investment like the rest of us will when this is in production.

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@chuk

2026 will be the new story in this sitcom

Funds and construction by 2025 growing season - good luck

Angolan banks and govt know that without them this will be history

Will they provide funding now - knowing that chances of meeting 2025 growing season are diminishing by the hour

MNB Price at posting: 6.2¢ Sentiment: None Disclosure: Not Held
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