Ann: Strategic Partner Tender Process - Market U, page-7

re: Ann: Strategic Partner Tender Process - ... Back on Proactive Investors Kruiser ... LOL... they must have just forgotten to write the article about MNB receiving a research report with a now 10 Month target price 6 times the current share price. Conspiracy maybe as companies with targets only double the share price are written about. And what about the Earnings Per Share forecast in the Helmsec report. $0.528 for year ending 30 June 2015. If you think that is small maybe go to UNV's website to review the 2012 Helmsec report. Maybe they made a mistake in one of the reports???

TGS came out with the their DFS this week. There are not many ASX listed companies in the DRC. Kanzi scoping study appears to be on a similar scale to this project.

I would love for the media to sniff out some information regarding the declined offtake deal. How many Australian listed phosphate Juniors have offtake deals???

http://www.proactiveinvestors.com.au/companies/news/37970/minbos-resources-african-phosphate-projects-draw-high-level-of-partner-interest--37970.html


Minbos Resources (ASX: MNB) has received a high level of interest from potential strategic partners to participate in the development of its phosphate rock projects in Angola and the Democratic Republic of Congo.

The initial phase of the tender process has revealed substantial interest particularly from major downstream fertiliser producers and trading companies across Asia and Europe.

Minbos said the short list includes highly credible global players that would bring significant market expertise as well as financial strength to the partnership.

Several indicative offers have been received to provide funding to complete Bankable Feasibility Studies for the Angolan and DRC phosphate rock projects, and also to provide long term phosphate offtake agreements.

Due diligence and site inspections have commenced under confidentiality agreements for each of these potential partners.

The first of the unconditional final offers are expected by late January 2013, while remaining final offers are likely to be received during February and March 2013.

Minbos also received an unsolicited, non-binding offer for an equity stake in the company and an associated offtake agreement from an interested party.

This party was part of Minbos’ formal strategic partner process, but chose to separate from this process and submit an unsolicited, unconforming and highly conditional offer.

The terms of the offer have been rejected by the board, but Minbos remains in negotiations with the party.

Unless a highly attractive final offer has been accepted beforehand, the tender process is likely to be completed by March 2013.