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Ann: Capanda Green Ammonia Project Update, page-40

  1. Merchant2000
    20,672 Posts.
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    13/02/24
    16:06
    Post #: 72384964
    @wave3andabit

    Sorry but I cant sugarcoat reality


    Good to see all these game changer projects that will dwarf all others

    Yet MNB has under 2 quarters of cash and is at the mercy of lenders and shareholders for cash

    Blown $25m in last CR and now Staff and admin costs have blown out pre construction or production

    No idea on construction or production dates

    and on going talks on funding when IDC is no charity service after 13 interest rises etc

    Yet if I recall correctly the cornerstone investor in the $25m CR can buy the entire company with his back packet loose change - huge billionaire from what I read


    IMO



    Last edited by Merchant2000: 13/02/24
    MNB Price at posting: 9.6¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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