Ann: Quarterly Activities Report and Appendix 4C, page-164

I haven’t posted for a while, I am currently travelling from Johor Bahru (Singapore) to Beijing by train.
I am now in Vientiane in Laos, it can be difficult in some places to get on the net plus I have also a four hour time difference.
The sojourn in Asia thanks to stocks not in the nasty end of ASX.


It seems nothing has changed in Minbos only the share price which has fallen severely, now at 4.6cents and in immediate danger of making further declines.
With a first week in February almost gone and still no offtakes and additional funding it must be extremely worrisome for holders especially knowing the Minbos history.
chuk states that the company has 4 to 5 months to settle the IDC precondition, no precondition settled means it would be doubtful that the share price would reach 10 cents,.
So who would take up options at 10 cents at the end of April?
Merch has pointed out the cash burn, a further CR could well be necessary with serious gargantuan dilution for holders.
There has been no progress on construction that we know it could well be delayed the same as everything Minbos has attempted.
I have a train to catch.