MNB 3.92% 4.9¢ minbos resources limited

Ann: Significant CAPEX reduction for Phosphate Fertilizer Plant, page-9

  1. 13,802 Posts.
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    Needed $40mill including working capital to complete the project.
    Now that drops to $30 million.
    Cornerstone investors offering $25 million
    Leaves just $5m. Great outcome!

    Company in talks with a number of lenders looking for the best deal. Might borrow the full $30 million instead of $25m.


    So much for needing a cr any time soon if at all.
 
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