MNB 1.89% 5.4¢ minbos resources limited

"yet a few here keep rambling on that delays to Minbos's...

  1. 489 Posts.
    lightbulb Created with Sketch. 158
    "yet a few here keep rambling on that delays to Minbos's production are going to spell disaster. The mc is already very low."

    If there is a 1 year delay, where will Minbos get the extra $12m ($1m run rate per month) to hang on to until production? Are you gonna lend them with no dilution?

    When you said even if there's a 2-3 year delay to production from here, the market cap wouldn't go much lower from here as it is already too low, did you give much thought about it? How would this company last for 1 more year without dilution from endless CRs, let alone 2-3 years?
    Last edited by riverflows: Monday, 13:19
 
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