MNB 3.70% 5.6¢ minbos resources limited

Ann: US$14m Loan Facility Approved & Firm Bids for Placement, page-361

  1. 19,930 Posts.
    lightbulb Created with Sketch. 863
    100% agree

    Very surprised how quickly this has dropped to 30% plus below pre TH trading and volumes even at these levels has dried up

    Risks are still very high

    How can Lindsay do any favourable deals when 100% of capital is required for every aspect of this to stay afloat ? - fact -even his and others lucrative renumeration and living costs etc

    After 7 weeks in suspension - we are now told discussions with Angolan institutions

    This to me indicates that no one was willing to fund this and IDC is only willing if all conditions are met etc etc

    and not to mention that only $5m was raised externally from CR - excluding directors


    Short term hold at best imo


    Last edited by Merchant2000: 19/04/24
 
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