MNB minbos resources limited

Ann: Quarterly Activities Report and Appendix 4C, page-580

  1. 943 Posts.
    lightbulb Created with Sketch. 123
    Hilarious is the word I think of when I viewed the latest construction photos.
    All this time just one cat and a couple of trucks and some reo mesh on site.
    Who’s fooling who, the mobilisation expert on here is trying to tell us everything is going on time.
    The Baron said equipment had to be barged in, I am sure you can hire an excavator in Cabinda as shown in a previous photo back in December.
    What is being shown in the photos should have been completed a month ago.
    Mobilisation commenced early December, the contract calls for completion 12th May.
    A tad over 11 weeks till completion, I think the chances of completion on time is slim after viewing current progress.
    The share price reflects the lack of confidence in management to complete the project
    If the Chinese had started this it would be almost completed by now, however it’s Minbos in control what could go wrong?
    Still no offtakes which means no money that’s reality
    I can see Minbos grinding to a halt and the government taking over.
 
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