npv$937m vs mkt cap $2m, page-25

Hi Kruiser,

getting nervous Dicko? still no licence renewal for Angola, only about 4 weeks left to get them otherwise you've done your money like everybody else. No way to get out now.

I was told by another shareholder that management expected them weeks ago so something must be wrong

........

Why would i be nervous, i told you the licence renewals were now expected end of Oct/beg Nov...

Why does there have to be something wrong ? Matters get dealt in their timely fashion only, it is Africa.

......

well there it is in writing

1. Angola license renewal delayed: what company bets the house on things going to plan in Africa???

as stated above

2. Kanzi sale uncertain: seems to me they are hiding something, why not disclose their response?? not going to be any movement here for a while

MNB were in DRC last week to meet with JV partner and a number of other interested parties

3. And to top it all off, as if this company isnt in enough financial strife, they acquire a greenfields project in WA which has expenditure commitments. Where is the money for this going to come from??

this is a small project..."hedging" is the term i would use

.......

BIG month for MNB