There's no way Minbos could hope to raise usd$10m (aud$15-16m) on market. Just no way.
There's a narrowing pathway for this company to pull this out of the fire. They will need to secure a further $10m from Angolan gov finance and/or offtake prepayment prior to July 2024 (i.e., the next nine or 10 weeks) to triggers the IDC finance. Failure to do raise this amount will raise very serious solvency questions.
Can Lindsay pull it off? Does he have the skills and connections to broker a big deals in such a short amount of time?
Ann: US$14m Loan Facility Approved & Firm Bids for Placement, page-169
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| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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