Wonder what excuses we will get in the next quarterly it’s just in the coming weeks, that’s in Minbos speak. 10th July company stated formal offtake agreement to be signed in coming weeks, that’s 8 weeks that have gone by. 10th July company stated the “bank” had carried out some due diligence in June and that it would shortly be in a position to approve the loan, that’s 8 weeks that have gone by. Coming weeks means to me about 2 to 3 weeks, 4 at a stretch. It might well be the bank sees no chance of construction being completed in the time period hence why approve a loan when the company can not pay back. The bank might be thinking let them raise cash (CR) to get through to next year then they might grant the loan.
MNB Price at posting:
6.3¢ Sentiment: None Disclosure: Not Held
