Lindsay is still in Angola & returned from the International Fertilizer Conference in Lisbon a couple of weeks ago.
Having him on the ground for an extended period will help accelerate the Phosphate project but in saying that, it's already behind schedule due to COVID restrictions but environmental surveys should be complete by now along with the final capex + opex inputs for the DFS. The unknown is the Cabinda blend....will it be included in the DFS? Another positive is, whatever they've been up to over the last 7 months about 'other things' having Lindsay in Angola will certainly help in cementing an offtake or finally unveil their Hydro ambitions.
Should be a great 3-6 months coming up. Although we closed at a high of .155c on Friday, I believe the shareprice has been relatively disappointing considering the positive developments + the surging fertilizer prices this year. The market is still asleep on this gem. Is it the Angolan risk factor discount? Could be but we could be 1-2 announcements away from quickly putting on 1-2 bags.
Lets go Minbos.
MNB Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
