MNB minbos resources limited

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4.1¢

Ann: Quarterly Activities Report and Appendix 4C, page-449

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Merchant2000

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14/02/25

14:03

Post #: 77860201
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Originally posted by chuk: ↑

No, I put him on ignore for posting rubbish like what you just posted about Angola not being able to pay its debt despite the facts showing otherwise.
If people want to down ramp, at least post something that can't easily be proven wrong.

The chart below shows that the 74% debt to GDP in 2023 is also well below the peak of 120% in 2020.
Not only have they paid a lot of their debt down very fast but despite the 2023 pick up, Fitch expects the debt to GDP to have fallen considerably again and come in at 64% for 2024 before dropping further by next year to 58.6%. That will be the lowest in ten years and down by 50% from the 2020 peak in just six years.

"Government Debt/GDP on Downward Trajectory: We expect government debt/GDP to fall to 63.9% of GDP at end-2024 and 58.6% in 2026, from 73.7% at end-2023, driven by high nominal GDP growth and primary surpluses that will offset the impact of exchange-rate depreciation on the large share of external debt"
https://www.fitchratings.com/research/sovereigns/fitch-affirms-angola-at-b-outlook-stable-13-12-2024

https://www.focus-economics.com/country-indicator/angola/public-debt/?

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If IDC has withdrawn funds - as has waiting patiently for pre conditions etc

-Then this could easily drop to sub 1c- 2c or lower

Well overbought on all metrics at this point in time

Requires 120% plus of current MC in 2025 alone for running and construction costs

IMO. looking for money - investors before the market is advised of the truth -like the last 3 times after silence

IMO

@chuk

Last edited by Merchant2000: 14/02/25

MNB Price at posting: 4.4¢ Sentiment: Hold Disclosure: Held
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