Ha ha what utter BS, Minbos calculate everything in $US so there is no inflation, someone posted that a while ago. Inflation is running away in Angola, local suppliers, contractors are paid in the local currency, with inflation running at over 30% costs are escalating. Any negotiations on construction will probably be void as costs will have increased considerably. Coming weeks have gone, still no cash, no offtakes, no construction, deadly silence from Minbos. A realistic Angola rising version 2 is needed which probably means a miss of the growing season, if that’s the case 6.6cents is out the window and a retest of recent lows is on the cards and facing another CR.
MNB Price at posting:
6.6¢ Sentiment: None Disclosure: Not Held
