g)Additional requirements for capital
The Company must have sufficient capital to fund the construction of a phosphate fertilizer plant for its Cabinda Phosphate Project, as well as to fund the feasibilitystudies for its Capanda Green Ammonia Project, alongwith other working capital requirements. At the reporting date,it has cash and cash equivalents of approximately $4.6M. Any additional equity financing will dilute shareholdings, and additional debt financing, if available, may involve restrictions on financing and operating activities.
If the Company is unable to obtain additional financing as needed, it may be required to reduce the scope of its operations and scale back its development programmes as the case may be. There is no guarantee that the Company will be able to secure any additional funding or be able to secure funding on terms favourable to the Company.
Page 18 of the 2023 annual report issued last month.
- Forums
- ASX - By Stock
- Ann: US$14m Loan Facility Approved & Firm Bids for Placement
g)Additional requirements for capitalThe Company must have...
-
-
- There are more pages in this discussion • 247 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
Add MNB (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.3¢ |
Change
-0.003(6.52%) |
Mkt cap ! $37.78M |
Open | High | Low | Value | Volume |
4.7¢ | 4.7¢ | 4.2¢ | $68.99K | 1.545M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 67894 | 4.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.5¢ | 190433 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.042 |
4 | 604002 | 0.041 |
6 | 516000 | 0.040 |
1 | 12820 | 0.039 |
1 | 95000 | 0.038 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 190433 | 2 |
0.046 | 15000 | 1 |
0.047 | 122499 | 2 |
0.048 | 45000 | 1 |
0.049 | 3365 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review
NEWS
Breakthrough programs slash healthcare events, driving a significant A$1.8M+ annual revenue boost
MNB (ASX) Chart |