MNB 1.82% 5.6¢ minbos resources limited

Ann: Notice of Annual General Meeting, page-163

  1. 476 Posts.
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    "having a negative discussion purely based on sp movements is just insane."

    The discussion hasn't been based on sp movement, but rather the fact that there's no transparency around when offtakes are signed, no update on schedule, a CR so disastrous that even the most bull residents here couldn't defend, Angolan banks negotiations at the stage of "initiated". The $6m CR recently raised isn't enough to cover the entire IDC loan approval process (in hindsight we now know it took 12+ months from "initiated" to "conditional approval").

    The sp is where it is now not because of "market weakness" or downramping or anything or anyone (well actually there's Lindsay). It's because of what has happened over the last 3 years and the uncertainty of funding over the next 2 months.

    The likes of merch and serial downrampers will disappear the moment the sp skyrockets, but so far it hasn't happened yet. Why so? We are all waiting for Lindsay to f*k deliver, which he has failed miserably so far (to the point that even NI, a big investor and paid promoter, mentioned that he needs to regain investors' trust).
 
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