In my book, an announcement on the Phosphate project (hopefully positive) is due any day now. The AGM is tomorrow 31/05/23. Will we get any answers or info from the AGM?
Reed went to Angola a couple of weeks back. I think most of us were expecting announcements to flow thick and fast, but it has been quiet compared to shareholders expectations. Clearly some holders (mostly retail going off the broker data) getting jittery over this with a sell down currently on going.
Other than having the SP above 15c to have the 15c options exercised before April 30th, does the company really care about the falling SP at this stage? All they'd be focusing on now is progressing the build, offtakes, and finalising the funding.
Last couple of announcements:
-32 days ago Quarterly 28/04/23
-47 days ago Yellow Phosphorus ann. 13/04/23
-49 days ago GA Tech Study 11/04/23
-96 days ago Significant Capex reduction 23/02/23
-141 days ago Aipex Contract (tax incentives) 09/01/23
What could drop soon:
-offtake with the IFDC
-offtakes with farms
-$25m USD debt from cornerstone investors
-other funding announcements
-GA PFS. 7 weeks ago stated in the Tech Study "Commence work on a pre-feasibility study, with timeline for completion to be announced in the coming weeks"
-further announcements on the 100,000t/pa of phosphate for batteries
- Forums
- ASX - By Stock
- Ann: Minbos to Pursue Yellow Phosphorus Potential in Stage 2
In my book, an announcement on the Phosphate project (hopefully...
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