No worries.I hold a stock, Minbos resources. Small company under...

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    No worries.
    I hold a stock, Minbos resources. Small company under $100mill developing a phosphate project and with a second, very cheap cost green ammonia project. Last year they went into trading halt for a cap raise but then went into suspension for quite a few weeks.
    The rumours were that OPC, which is the world's largest phosphate producer was interested in Minbos's project AND that Fortescue was interested in a JV in the very early stage green ammonia project. Both apparently at the same time. Now if I heard one rumour like that on HC, I'd brush it off as unlikely. Hearing a rumour that two majors were interested in two different projects and both at the same time and I'd say BS.
    Funny thing is it actually turned out to be true. Neither talks led to a deal though and with the high hopes dashed the cr was done with no deals with the majors and the sp collapsed for a few months after delays to the first project.
    Thankfully for myself and other holders, development is back on track and the sp has recovered strongly.
    However, what were the odds of two majors in talks with a minnow, over two DIFFERENT projects and both at the same time? Astronomical! I've never heard of anything like that happening before.
    Moral is, some rumours, even the seemingly wildest ones might actually be true.


 
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