MNB

5.00%

6.3¢ minbos resources limited

Cash should last until beginning of October you say That makes a...

First 91 Last

Share
Profile

Follow
Merchant2000

21,361 Posts.

881

24/06/24

18:39

Post #: 74465900
Share

Originally posted by chuk: ↑

"If there is a 1 year delay"

Why one year? Where does that number come from?
It's been two months now since the Angolan banks were engaged and it will be three months by mid July. I think if there is another delay, it might be maybe 1-3 months. I see 1 year as much less likely.
If they do go straight to stage 2 capacity, 1-3 months might not have any material impact on next year's production volumes.

Cash at end of the March quarter was $1.7mill. The cr would have boosted that to around $7mill. That should last around 7 months up to the beginning of October. I would expect they will receive the working capital facility for US$15mill or A$22mill well before then. That would be more than enough for working capital, to see them into production next year. They would also still need to raise US$11mill for capex to satisfy the IDC precondition but after raising A$6mill in the last cr, that figure drops to around US$7mill to satisfy the precondition. They will likely raise more for capex, especially if going straight to stage 2.
I don't see this as a binary outcome of either on time or a year late.

Expand

Cash should last until beginning of October you say

That makes a questionnaire from ASX for under 2 quarters of cash due shortly

Pure lifestyle company

See remuneration packages for one of the worst performances seen on ASX in the last decade

imo

MNB Price at posting: 5.0¢ Sentiment: Hold Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

OCC

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

SBW

Shekel Brainweigh investor presentation webinar – the future of retail automation

LAM

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

As Nvidia cools, we're looking to Aussie AI

QML

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

CBA breaks trading record on strong day for Aussie financials

PRU

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

BIT

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

There are more pages in this discussion • 59 more messages in this thread...

First 91 Last

Add MNB (ASX) to my watchlist

(20min delay)
Last 6.3¢		Change 0.003(5.00%)		Mkt cap ! $55.35M

Open	High	Low	Value	Volume
6.0¢	6.5¢	5.9¢	$15.02K	236.7K

Buyers (Bids)

No.	Vol.	Price($)
3	302743	6.2¢

Sellers (Offers)

Price($)	Vol.	No.
6.4¢	10000	1

View Market Depth

No.	Vol.	Price($)
2	190000	0.062
1	250000	0.061
4	150000	0.060
1	25000	0.058
4	118695	0.057

Price($)	Vol.	No.
0.065	28253	1
0.069	241507	3
0.071	72075	1
0.072	50000	1
0.073	418053	3

Last trade - 15.22pm 06/09/2024 (20 minute delay)

MNB (ASX) Chart

Cash should last until beginning of October you say That makes a...

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

Shekel Brainweigh investor presentation webinar – the future of retail automation

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

As Nvidia cools, we're looking to Aussie AI

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

CBA breaks trading record on strong day for Aussie financials

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Cash should last until beginning of October you say That makes a...

Top Stories

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

Shekel Brainweigh investor presentation webinar – the future of retail automation

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

As Nvidia cools, we're looking to Aussie AI

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

CBA breaks trading record on strong day for Aussie financials

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News