MNB 3.64% 5.7¢ minbos resources limited

Ann: Minbos Investor Presentation - Angola Rising, page-597

  1. 13,671 Posts.
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    "Some here will stop at nothing to create FOMO when nothing will happen for at least 12 months at best"

    Actually, further funding could be secured within the next few of months, construction is likely to start within that timeframe and while I wouldn't call it a probability, there is certainly a possibility that some sort of JV deal is done on the GA to accelerate its development.
    In addition to that, since when does a stock only rise after production begins?
    A4N has built a pilot plant but has been waiting on offtakes for its commercial sized plant to faciltate funding ahead of a two year construction period since around 2020. So for all of the last four years, they have been at least 2.5-3 years from commercial scale production and any significant profit. Has the sp waited even for financing or construction to begin? No.The mc is now just under $1billion.
    I'm not saying MNB should or will follow a similar pattern but it is incorrect to expect that a stock won't rise because it is one year from production.


 
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