EMERGENCY INFO: Read if you Invested in Minbos
Today, one of our portfolio companies Minbos Resources Ltd initiated a “share consolidation” to reduce the total number of shares on issue.
A share consolidation improves the capital structure and finally unlocks the potential for the share price to increase by allowing new investors to buy shares in smaller price increments.
The shares will resume trading on Wednesday next week as “MNB” and we have a big Next Mining Boom update scheduled for that day.
However... the NEWLY CONSOLIDATED shares of Minbos are currently trading as temporary code MNBDB and can be purchased today...
We announced our investment in the Company on 26 August this year.
Minbos Resources Ltd is rapidly moving its Angolan phosphate project into production. Phosphate is a key ingredient in fertiliser, and this project has large potential to dramatically improve Angola’s national food security.
We believe this stock is an excellent long term investment given:
- Low Capex required of between US$22-28M
- High After Tax NPV of US$159-260M
- Near term share price catalysts on the horizon
- It’s current low market cap
With an improved capital structure, we think this is the start of great things from one of our long term portfolio companies.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
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