My reasons are just speculation, but if we are as close to construction and profitability as the company has been leading us to believe, and if that was also conveyed at the recent London conference, then I would wager that there would have been significant investor interest after that event.
We only need a very small amount of money to start profiting next year, and this would be very attractive to some investment funds. If those funds believe in the project, they will probably see that they still stand to make good profit, even if they come in at a premium.
If the board is confident in the Angolan Banks as they say they are, then they should have the attitude of "if you want in now, you can buy in at a premium, if not we will just wait a bit longer and go with the banks".
MNB Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held
