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1.79%

5.5¢ minbos resources limited

"For such a worthy project with great economics, it's proving...

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chuk

13,712 Posts.

3937

18/04/24

12:08

Post #: 73405321
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Originally posted by Bunter62: ↑

I still have faith in this business, but one thing bothers me. Given the investment Group Carrinho have made in a huge new processing facility & and the govt mandate that fertiliser must be sourced locally; why has a binding off-take agreement not been signed? I would think that Carrinho is co-dependent with Minbos. I feel as though some parties are willing this to fail so they can scavenge the carcass. Hopefully the Angola banking sector will act on govt encouragement and support the project. For such a worthy project with great economics, it's proving unbelievably hard to finance!

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"For such a worthy project with great economics, it's proving unbelievably hard to finance!"

It feels that way but it took A4N 4 years after their DFS to gain government funding on a fantastic project for an Australian company to earn strong export income.
Sometimes these things take longer than we would like or expect they should. Two years since MNB's DFS to finance is nothing out of the normal.

Last edited by chuk: 18/04/24

MNB Price at posting: 6.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.5¢		Change -0.001(1.79%)		Mkt cap ! $47.58M

Open	High	Low	Value	Volume
5.6¢	5.6¢	5.5¢	$15.65K	281.2K

Buyers (Bids)

No.	Vol.	Price($)
4	134204	5.4¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	7706	1

View Market Depth

No.	Vol.	Price($)
4	134204	0.054
2	218867	0.053
2	53865	0.052
3	78547	0.051
3	159701	0.050

Price($)	Vol.	No.
0.055	7706	1
0.056	49119	2
0.057	12500	1
0.058	3588	1
0.059	47420	1

Last trade - 15.18pm 19/06/2024 (20 minute delay)

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