MNB 2.17% 4.5¢ minbos resources limited

"obviously the bank must be worried about missing the growing...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 14,269 Posts.
    lightbulb Created with Sketch. 4125
    "obviously the bank must be worried about missing the growing season and the delayed off take"
    How is that obvious? They haven't taken as long as the IDC took and the IDC approved their loan. So they could either be still finishing their due diligence, or they might have already conditionally approved the loan internally and are now waiting for the offtake rather than approve the loan first conditional on the offtake.
    None of these possibilities is obvious at all.

    "The bank might have perused Minbos in a different way and spotted the missed timelines"
    Yes of course - and the IDC and the SWF didn't notice the missed timelines with their due diligence. Sheesh!

 
watchlist Created with Sketch. Add MNB (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.