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Ann: Results of General Meeting, page-150

  1. Merchant2000
    20,762 Posts.
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    27/06/24
    15:39
    Post #: 74510272
    @wave3andabit


    Just in recent times completed a CR as under 2 quarters of cash

    Then have IDC loan with pre conditions etc

    Then require more loans - working capital for construction and running costs

    and now more than likely already under 2 quarters of cash again

    With Capex increases and delays in construction very possible


    Hardly a low risk proposition for Angolan banks or investors

    Surprised how this is still above 5c

    IMO
    Last edited by Merchant2000: 27/06/24
    MNB Price at posting: 5.3¢ Sentiment: Hold Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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