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8.3¢ mirabela nickel limited

scocat, I am just waiting for the next report to do some...

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bthotcop

7,922 Posts.

15/03/15

13:57

Post #: 14916078
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Originally posted by scocat ↑

I just clicked after reading it in detail.... They didn't issue more shares, they got the 98 percent of shares from existing shareholders.... As in, if you had 100,000 shares.... You would after the arrangement have 1,800 and 98,200 would be owned by the debt holders.

I suppose that's the same as a dilution, but it's done and over now... So now it's more a question of what's the company like now? Mgmt, resources, profit and that kinda stuff.

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scocat,

I am just waiting for the next report to do some fundamental analysis on MBN and try and evaluate its intrinsic value to come up with an indicative SP.

I will definitely be trading the MBN waves as time passes.

MBN Price at posting: 13.5¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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