Ann: Quarterly Activities Report and Appendix 4C, page-141

@maxym8



Very difficult as MNB has put itself in a position of being at the mercy of African Entities

Very difficult to assume that they wont take advantage of this perilous situation - delays and stalling on funding and offtakes

Dilution in recent times has not helped as SWF will not cover running costs

SWF investing on the resource was a clear message that MNB must fund its own costs etc

Still believe that massive dilution will still be ahead or percentage loss of project with each passing non real news day

IMO