Ann: Cabinda Phosphate Finance and Sales Update, page-854

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Merchant2000

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12/06/25

14:15

Post #: 79407994
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Originally posted by chuk: ↑

It's not surprising that Merch and Wave never respond to the question of why they concentrate all of their time on Minbos.

"There are roughly 2,000 small cap resource stocks with a large number of those not even close to any hope of near term production. Many don't even have a Jorc resource or an economically viable resource and for many of those that do, the capex is often way beyond reach relative to their market caps. They will endure unknown numbers of capital raisings to stay listed while either drilling further to try and generate more investor interest or starting over from scratch and finding another project to chase. Minbos has been through that process too but it is now in a far better and very enviable position for a small cap company. It has a completed DFS on a high grade, near surface, open pit, free digging, Jorc resource with a very low capex requirement to mine and process. It has raised the cash to purchase the major plant components. Those plant components were paid for with cash, are manufactured and on site ready for assembly. They have also successfully funded and largely completed civil construction. They have two well advanced loans that will more than cover the balance of the capex requirement to complete construction. Both loans are at the very last stages ahead of the loan agreements being signed and the sp has begun to rally to start to reflect that. So if these two downrampers were really spending all this time to help others, they would have chosen any one of the thousands of the listed stocks that are nowhere near as advanced as Minbos. They would not have chosen one of the few small cap resource stocks like Minbos that has a very clear and very achievable, near term path to production and profitability. "

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@chuk

Read chairman's address 2022 and 2023

Read all ASX announcements since 2021 on

Funding lol
construction lol

Production lol

Off takes imminent lol lol

Dilution and dilution is the business model - norm now

Forward looking statements are not facts

Research political risks in Cabinda

22% of resource gone before stage 1 finished

imo

Last edited by Merchant2000: 12/06/25

MNB Price at posting: 5.0¢ Sentiment: None Disclosure: Held
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