MNB 1.92% 5.1¢ minbos resources limited

Ann: Phosphate Fertilizer Project Update, page-80

  1. 495 Posts.
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    This man always finds a way to reassure the holders but never gave any indication or signs of difficulties even if the company is facing it.

    Refer to all the posts from people here in this forum "feeling reassured" after a phone call with him or someone in the company in the past 3 years.

    Even when the company had issues with its engineering contractor (which of course had been confidential within the firm before they casually released a statement that the contractor has been terminated), he still "confidently" promised an impossible timeline that he couldn't meet. This is a fact with hindsight.

    I feel sick when reading a post that says that he's very confident and because of this confidence it's a certainty that we will get there. This is exactly how MOST people here have lost money in the past 3 years, many of whom 6-figure loss.

    Don't get me wrong, I really hope he succeeds this time for all of us. But I wouldn't bet my house that he will deliver. Up until this point, his confidence has always been full of crap.

    Last edited by riverflows: 21/05/24
 
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