re: Ann: Minbos Secures Up To A$5.5M In Finan...
March is nearly over and the Company's stated goals of completing the partnership process, Cacata resource update, Kanzi resource upgrade etc are looking shaky at best
have to admit, a $5.5m is a large amount of money to raise with a month to go in the strategic partner process. Doesnt look like it is going to result in a transaction. Why would you invest large sums now when you could buy the company for 10-15c
looking at the half yearly report, 25m raised in equity and 15m in accumulated losses. Now the market cap is approaching $6m. Given there was a resource when they acquired the project, what exactly has management achieved since IPO?
MNB Price at posting:
4.7¢ Sentiment: None Disclosure: Held
