"This guy's formula is to remain deadly quiet waiting for deadline to pass and announce new timeline until concerns from SHs come in"
Not this time. Production wasn't due to begin until at least November so he hasn't waited till anywhere near that deadline to tell us it will be delayed to early next year.
"Now the timeline on first production is trickily extended in an interview until early 2024, and that planting season starts October 2024. What does that mean?"
I took it to mean that the project will be producing early next year (my take is the first couple of months of next year) and that would give them time to produce, stockpile, sell to the offtake buyer Carrinho and for Carrinho to have time to distribute the fertiliser ahead of the planting season.
The plant capacity according to the DFS is 187,500tpa, The first year's expected production, also from the DFS (table 12-1), is 98,000t so losing a couple of months at the start of the year shouldn't be enough to prevent the plant from producing the 98,000t or affect the total sales for next year.
98,000t requires just over 6 months plant run time so first year's sales and profit should not be affected by a delay of a couple of months into next year. Hopefully we see first production by late January-Feb.
- Forums
- ASX - By Stock
- Ann: Offtake Agreement with Angola's Largest Food Aggregator
"This guy's formula is to remain deadly quiet waiting for...
-
- There are more pages in this discussion • 42 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MNB (ASX) to my watchlist
|
|||||
Last
6.5¢ |
Change
-0.001(1.52%) |
Mkt cap ! $57.11M |
Open | High | Low | Value | Volume |
6.7¢ | 6.7¢ | 6.5¢ | $8.048K | 123.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 78153 | 6.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.7¢ | 40000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 78153 | 0.065 |
4 | 62500 | 0.063 |
1 | 177259 | 0.062 |
1 | 164037 | 0.061 |
4 | 160357 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.067 | 40000 | 2 |
0.069 | 241507 | 3 |
0.071 | 72075 | 1 |
0.072 | 73500 | 2 |
0.073 | 418053 | 3 |
Last trade - 10.32am 30/08/2024 (20 minute delay) ? |
Featured News
MNB (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online