any one still bullish on this, page-14

There is no denying MBN is hard pressed for cash and needs to execute its plan (however simple it may be). If cash costs can be reduced, then it is trading at a bargain given its size and resource base. If not, it will be undertake a capital raising (with change of management) or will be taken out by investors with the expertise and resources.

All said and done, it is very unlikely MBN will raise cash at current SP.