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Ann: Quarterly Activities Report and Appendix 5B, page-288

  1. Merchant2000
    24,966 Posts.
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    13/05/25
    14:02
    Post #: 79024041
    Most holders are waiting on good news.

    @wave3andabit

    Only news expected is another disastrous CR

    Mid May an still some believe 2025 construction and production timelines will be met

    Normal cycle - at least 3-6 months required from end of construction ( if ever complete on time 0% chance imo ) - teething problems -machinery and training staff before production is possible - even next investors noted that problems will occur if construction ever finished

    SP down over 80% and at multi year lows with hundreds of red flags since 2022

    Newbies note There has been no good news - only hype or else SP would not be at 3.8c today

    6 months of silence can never end with good news

    2024 is a perfect example of what happens after silence

    MNB need capital - there balance sheet is in disarray - SWF funds cannot be included for survival

    MNB do not have enough cash to survive June - August at best - for running costs


    IMO
    Last edited by Merchant2000: 13/05/25
    MNB Price at posting: 3.8¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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