Why produce if your product is loss making and need additional capital to actually get the stuff to sell at a loss. I reckon the directors will have been getting legal advice on directors duties....
I'd be asking norilsk if they wanted security of supply ie step in to cover sales shortfall/ work out a long term arrangement that allows mbn to meet commitments. If answer no then onto care & maintenance, no supply to norilsk and let the debotrs decide whether they want a pittance now or more money when the nickel price recovers and it is actually profitable to mine Santa Rita.
No easy choices, so why not make a hard one.
Best wishes to holders. This has been a tough ride to date.
- Forums
- ASX - By Stock
- MBN
- trading halt ???
trading halt ???, page-14
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MBN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO & MD
Anthony Noble
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online