"Why aren't you on that thread warning your "newbies"?"
I think we all know why
They are paid/deployed to try to keep the share price low They monitor the posts 24/7 every few minutes and can regurgitate falsehoods as quick as AI answers questions. The real question is who deploys them and why
At the GM (not AGM) they were talking about an opex of $50/t based on the stage 2 expansion of 400kt pa. Even if they sold all of this as export just at phosphate prices ($152/t), gross profit would be $41m USD Allowing for our share based on 85% of Soul Rock & 78% of Phobos is still over A$41m
How much of that is built into our present $44m MC Our loans though late & slow are done deals, CPs met. Construction is underway Local prices will be a very healthy premium to export prices etc etc
The risk was substantially reduced when the SWF invested, the Chairmen of Banko BAI & the SWF are very good friends, both of these gentlemen are also good friends of the Minister who reports directly to the President, other Ministers report to him. (can't remember his title from the AGM - but Lindsay did explain how important the relationships are). Lindsay also explained how the Chairman of the SWF has our back and he has a lot of clout.
MNB Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
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