Nothing in this announcement makes me actively direct any more hard earned capital into MNB at present. Baseline study completion means naught. "Tenders for engineering design, and studies for preferred technologies andengineering providers are being assessed to optimise the route to production ofgreen ammonia" is a cracker, love it.
'Significant interest', Yeah! Chocolate tomorrow plans will not happen without rice and beans today. Company cash will be complete end March. Some form of debt-with-handcuffs or a CR urgently required to keep kicking the can down the road irrespective of IDC and other 'interest'.
If I am right, cool. If I am wrong, cool, always gotta have a couple of fun speckies in the drawer in case they come off, right?
Perhaps all we need are some more photos of big tall corn stalks growing big, tall and strong in the Angolan sunshine - fertilised profusely with MNB material (fertiliser or BS, both work) to double the market cap.
The SP will genuinely rocket, should MNB announce project funding. Till then let's pass our time in hoping, dreaming and (at times, hilarious) engagements with like minded and emotionally invested punters in HC forums.
IMO and GLTASH
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