MNB 1.82% 5.6¢ minbos resources limited

Ann: Minbos Investor Presentation - Angola Rising, page-176

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    The asx have very strict rules about what can be written in announcements including presentations. That is why you'll find all those references to asx announcements in the footnotes.

    Despite this Lindsay is very good at giving hints in many of the announcements and interviews he does. For example In May 2023 they released a presentation to the Agfood Conference, one of the slides had a big picture of the Carrinho facility - that was before they announced their offtake.

    Fortunately Lindsay does give hints, you just have to read between the lines, of course nothing is concrete until it's signed, but it's nice to know what they hope to achieve. I have no doubt they would like to update us on many things, however unless it is concrete they just can't do that under asx rules. IMO they were very lucky to get away with that revised production schedule they slipped into the last presentation without signed offtakes or a marketing study etc.
 
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