MNB 0.00% 5.5¢ minbos resources limited

Ann: US$14m Loan Facility Approved & Firm Bids for Placement, page-189

  1. 6,873 Posts.
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    "At the time the brokers were saying that Jayson was making way for the other party to buy into the cr without increasing the amount beyond what was already an oversubscribed level. That wouldn't really explain why Jayson didn't come back in later, other than maybe they didn't want to screwed around like that."

    That seems such a BS explanation from the broker. It makes zero sense.

    I think its far more likely that Jayson saw the preconditions of the IDC loan and withdrew their participation on that basis.

    I'm also warming to the explanation put forward (indirectly) by @DavoMagic and @HongFang - Jayson is positioning itself for a takeover of Minbos (or perhaps just simply steering Minbos toward insolvency) so they can assume control of these projects and drive them toward successful outcomes.
 
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