Australia's largest stock trading and investment forum Australia's #1 stock forum

MNB

Click for more information

0.00%

5.5¢ minbos resources limited

There is plenty of cash to see them through to IDC funding...

First 455 Last

Share
Profile

Follow
Merchant2000

20,351 Posts.

863

22/04/24

07:56

Post #: 73448648
Share

Originally posted by chuk: ↑

Simple. The IDC loan was approved after a lengthy due diligence. The IDC is a South African lender, lending money to an Australian company operating in Angola. The Angolan banks will do their own DD but the fact that the IDC DD had a positive outcome increases the odds that a local banks DD will also have a positive outcome because if there were any red flags, the IDC should have found them.
Not only that but the Angolan banks now have a quota to fill regarding how much they need to lend locally for agricultural projects.
Both of those facts, especially combined, significantly increase the odds of the Angolan lenders also approving a loan to Minbos and they wouldn't need to bother with the question of whether or not Minbos can raise the balance of the funds needed for capex because it already has.
I can't comment on how long it night take because that would be a pure guess on my part. I haven't read or heard anything about that process and I'm not making unsubstantiated guesses about things the way the downrampers like to do.

Expand

There is plenty of cash to see them through to IDC funding

Financial advice ??

Misleading and deceptive Fact not imo

Refer actual post

Last edited by Merchant2000: 22/04/24

MNB Price at posting: 6.4¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 364 more messages in this thread...

First 455 Last

Add MNB (ASX) to my watchlist

(20min delay)
Last 5.5¢		Change 0.000(0.00%)		Mkt cap ! $47.58M

Open	High	Low	Value	Volume
5.5¢	5.5¢	5.5¢	$12.44K	226.2K

Buyers (Bids)

No.	Vol.	Price($)
3	71104	5.4¢

Sellers (Offers)

Price($)	Vol.	No.
5.6¢	6572	1

View Market Depth

No.	Vol.	Price($)
3	71104	0.054
2	218867	0.053
2	53865	0.052
4	88547	0.051
3	159701	0.050

Price($)	Vol.	No.
0.056	6572	1
0.059	47420	1
0.060	155388	4
0.061	195189	2
0.062	35950	1

Last trade - 10.04am 17/06/2024 (20 minute delay)

MNB (ASX) Chart