MNB minbos resources limited

Ann: Quarterly Activities Report and Appendix 5B, page-62

  1. 4,530 Posts.
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    It's good to see the CFO is in Angola, as I've posted before, IMO the loan is partly dependant on offtakes (just as it was a CP for the syndicate), the CFO is the person that will oversee this finance.

    From what Sakura said it sounds like there are quite a few of the team in Angola, again a good sign things are starting to move ahead. When this loan is signed off, or an offtake is signed with S Africa or Biocom, again I'd expect the CEO + CFO to be in country. We know they are presenting in S Africa next week.

    I doubt they'd be over there if it was all going to happen next month, so it does give me some comfort things might be happening sooner rather than later.
 
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