Australia's largest stock trading and investment forum Australia's #1 stock forum

MNB

Click for more information

1.79%

5.5¢ minbos resources limited

Please do not mention convertible notes Last resort death traps...

First 404 Last

Share
Profile

Follow
Merchant2000

19,810 Posts.

863

05/04/24

14:05

Post #: 73207914
Share

Originally posted by Protagonist: ↑

If the strategic investor and IDC things fall through (or continue to stagnate in no-mans land), Lindsay needs to immediaetely:

- Grab as much of the soph money as possible (don't agree to return if the sophs have already signed paperwork)
- Cut as much of the admin cost as is feasible and put an immediate pause of construction
- Look for emergency finance (e.g., convertible notes), and maybe high a specialist consultant to do this rather than Lindsay trying to manage it himelf

I'd be reluctant to see them sell any of the major assets (basically amounts to chopping up the furniture for firewood).

Expand

Please do not mention convertible notes

Last resort death traps imo

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

0 Great analysis

Reply

There are more pages in this discussion • 33 more messages in this thread...

First 404 Last

Add MNB (ASX) to my watchlist

(20min delay)
Last 5.5¢		Change -0.001(1.79%)		Mkt cap ! $47.58M

Open	High	Low	Value	Volume
5.6¢	5.6¢	5.5¢	$12.74K	228.9K

Buyers (Bids)

No.	Vol.	Price($)
1	23512	5.5¢

Sellers (Offers)

Price($)	Vol.	No.
5.6¢	200000	1

View Market Depth

No.	Vol.	Price($)
1	23512	0.055
1	99000	0.054
2	105832	0.053
3	73865	0.052
6	118968	0.051

Price($)	Vol.	No.
0.056	200000	1
0.057	50000	1
0.058	160499	2
0.059	50000	1
0.060	1091000	3

Last trade - 16.10pm 27/05/2024 (20 minute delay)


Last 5.6¢			Change -0.001 ( 1.82 %)
Open	High		Low	Volume
5.5¢	5.6¢		5.5¢	55630
Last updated 14.04pm 27/05/2024 ?

MNB (ASX) Chart