MNB 0.92% 5.5¢ minbos resources limited

Merchant you keep making wrong assumptions about what I'm doing...

  1. 13,569 Posts.
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    Merchant you keep making wrong assumptions about what I'm doing or thinking so give it up. I am neither selling at these prices like you suggested, nor would I be at all concerned with anything like a A$50mill debt on a project with a DFS after tax NPV of well over A$300mill and a project that would be able to repay that debt in less than two years.
    Most resource companies would need debt levels ranging from over a hundred million into hundreds of millions and often even into the billions of dollars.
    My experience in small resource stocks would have to be minimal for $50mill of debt to concern me on a project like this.
    Give it a rest. You clearly have no idea what you are talking about.
 
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