Ann: Phosphate Fertilizer Project Update, page-409

I find it amusing and entertaining that you often do 2 types of comparisons against Minbos:
- companies with X Y Z attributes that have managed to do well, and
- companies that have reduced more in share price. If Minbos's sp dives another 10 or 20%, you will probably find another company that has tanked more than Minbos. If Minbos's down by 70% from peak, you will use an example of 80%+. Maybe when Minbos tanks even further, you can use an example where a company had to liquidate and SHs lost everything to show that we are still lucky to hang on this stock?

In any case, you keep leaving out 1 critical thing: Minbos has a terrible CEO, one of the lowest found in ASX, who not only is not competent but also greedy and not transparent with SHs. One that can't even deliver a plant of a reasonably simple nature properly. He messed up anything that could be messed up, from contractor selection to finance. So he is the primary reason why all the comparisons you posted are moot.