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EMERGENCY INFO: Read if you Invested in Minbos


Published 11-NOV-2020 09:00 A.M.


1 minute read

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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S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

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The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

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