Ann: Capanda Green Ammonia Project Update, page-18

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Merchant2000

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13/02/24

11:17

Post #: 72376928
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Originally posted by chuk: ↑

I remember when the same person was telling us to wait for a cr before buying when the sp was in the 7c range. A cr to come at 5c apparently and then the sp to fall below 5c to as low as 3c
Last price now 10c.
Further news on the green ammonia such as agreements on partners and who they are plus the start of a PFS with a big name partner for the project could push the sp well above 10c.
IDC loan approval could push the sp up to 12-13c.
Confirmation of recent news of further capex reductions might also push the sp higher.
IF there is a cr, no one knows when it will be or what price it will be done at. Both the cr and the price if there is a cr is pure speculation.
Some of us are here for the investment, not to speculate.
One thing is looking very likely - if we do have another cr, it won't be 5c like one poster told us to wait for.

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@chuk

March 2024 fast approaching

Do you think with current cash burn in last 4C - small CR of $5m or so will suffice for 2024

IMO $10m wont suffice for 2024 after seeing last 4C

No Construction or Production and cash burn anticipated to explode leading up to any construction and production

Suggest you research Cash burn on 4C

After $25m last CR - SP still has to be pumped for next CR

IMO

Last edited by Merchant2000: 13/02/24

MNB Price at posting: 9.5¢ Sentiment: None Disclosure: Not Held
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Ann: Capanda Green Ammonia Project Update, page-18

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