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5.9¢ minbos resources limited

From my research Angolan govt receives 98% of its revenues from...

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Merchant2000

21,547 Posts.

883

08/04/24

12:15

Post #: 73237864
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Originally posted by chillout6: ↑

Unfortunately, the powerful companies are really not interested in feeding the poor countries it seems. All about preying on the smaller companies and trying to get the upper hand in any funding negotiations.
I am amazed at the delays in funding the relatively low funds required to get a phosphate plant commissioned and into production.
I would rather see the company raise whatever capital is required (Preferably alongside the IDC loan) to get the phosphate plant completed. It's the most important thing for us right now.
It's important we aren't tempted to accept any poor deals for the green ammonia project. It might mean a little pain at first, but execute on the phosphate and we will be in a strong position with regards to our other projects.
Hopefully we get some sort of an update tomorrow and not just a suspension extension announcement.
C'mon Lindsay, this company should be an easy sell.

Time to start sticking to timelines and keeping shareholders updated of changes.

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From my research Angolan govt receives 98% of its revenues from Diamond Mining

You might be correct that feeding the poor is not seen as a money spinner long term

IMO

Last edited by Merchant2000: 08/04/24

MNB Price at posting: 9.2¢ Sentiment: None Disclosure: Not Held
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