MNB minbos resources limited

Ann: Quarterly Activities Report and Appendix 4C, page-499

  1. 955 Posts.
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    Yes it could go into a trading halt at any time and it could be for months.
    They have not been able to raise any money outside Africa apart through CR’s.
    The Saffers might be thinking it would be better to do a deal with Angola rather than a foreign company.
    Angolan government could well do a deal with Foskor behind MNB’s back knowing that Minbos might not be able to raise funds to complete the project, a distinct benefit to both.
    Profit stays in Angola and agriculture develops as the Minbos vision envisioned.
    China steps and takes over the GA which the government might allow as the project under Chinese management would be operational quickly with no delays through funding.
 
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