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5.3¢ minbos resources limited

Thank you for that explanation.Yea I suppose we'll see by the...

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365 Posts.

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07/09/24

11:21

Post #: 75572914
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Originally posted by Red Baron: ↑

Further to my last post, if Lindsay's intention is for the SWF to invest some of that $10m into a subsidiary to minimise dilution of the GA project, then the GA project will need to be owned by a subsidiary that the SWF isn't invested in. So the way I see it (happy to be corrected) either Lobos or Verdebos will need to own the GA project (Minbos would own 100% of Lobos or Verdebos). The SWF would still have exposure to the GA project because of it's holding of Minbos shares, however some of it's $10m investment would be directly into Phobos which owns 85% of the Phosphate project

If that was the case, there would be no real reduction in dilution of the Phosphate project. This is because although less shares would be issued, Minbos would no longer own 100% of Phobos.

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Thank you for that explanation.

Yea I suppose we'll see by the end of sept when they issue the shares.

MNB Price at posting: 6.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.3¢		Change 0.000(0.00%)		Mkt cap ! $46.56M

Open	High	Low	Value	Volume
5.2¢	5.3¢	5.0¢	$44.27K	869.4K

Buyers (Bids)

No.	Vol.	Price($)
1	9133	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.6¢	600000	1

View Market Depth

No.	Vol.	Price($)
1	9133	0.053
1	115825	0.052
2	188410	0.051
2	57000	0.050
3	125126	0.047

Price($)	Vol.	No.
0.056	600000	1
0.059	16000	1
0.060	290000	2
0.061	50000	1
0.062	25000	1

Last trade - 15.18pm 13/11/2024 (20 minute delay)

MNB (ASX) Chart