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