http://liquidafrica.com/senegal-azoty-unit-signs-deal-to-buy-african-investment-group-for-28-8m/
http://www.warsawvoice.pl/WVpage/pages/article.php/26726/article
Sure is a nightmare James considering most decent resource companies have recovered since July .. plus there are still deals in west African phosphate like above.
What would a 208mt single deposit be worth if the above deal is for 56mt?
What would a Kanzi sale be worth based on the deal???? LOL MNB's share of $14 million??? God only knows why they wouldn't sell Kanzi and fund Cabinda that way rather than issuing new shares via notes and potential cap raising. I estimated (using AGM notes) best case 620 million shares after raising at 1 cent or best worst case of approx 1.2 billion shares (raise 0.5cent). At 1 cent it would still be cheap based on the above transaction and only the 208mt single deposit. The worst case scenario is obviously no more money and that is a possibility.
MNB have to secure the licenses first before we can even start to be valued like this. Great work management.
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