MNB 5.26% 5.4¢ minbos resources limited

Ann: Quarterly Activities Report and Appendix 5B, page-9

  1. 451 Posts.
    lightbulb Created with Sketch. 43
    Still a joke company, contracts with the engineer still not signed.
    Phase 2 construction design is still not complete.
    Discussions with banks are enabled by government policy however this option should have been pursued earlier.
    Cash burn for a company not even in production is ridiculous they are burning way ahead of what should be at this stage.
    Lobster is cheap in Angola so where is all the money going.

    Lot of post quarter talk still a lot of questions unanswered though.
    Last edited by wave3andabit: 30/04/24
 
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