Ann: Suspension from Official Quotation , page-62

I don't think all is lost yet.

Resources Capital Fund appears to still have its' 20% holding(They have shares in some 113 other companies)and there were no substantial shareholder notices to declare other large holders have left

Deans Knight sold its 13% holding but someone bought same

As @ June 30 NTA was supposedly 13c per share.

MBN has 2 loans.US$53 to Banco Bradesco and US$395 8.75% unsecured notes

Price of nickel has gone up from $13K to $14K recently

That mine is supposed to go for 23 years so it might be worth a bit if it had to be sold

Even if MBN goes on care & maintenance that might be good news.

Might be a test though if the debt of $53m secured on the Votorantim nickel contract by Banco Badesco gets called in and secured notes too maybe.MBN can probably pay the interest in the meantime until they find a new taker for their nickel concentrate

It might well pass to be that no loans gets called in and another buyer is found for the nickel

If nickel keeps on rising, who knows MBN might be profitable again.LME stocks are > than 250K tonnes but the price is still moving upwards now

The company might be "doing shareholders a favour" by having the shares supended.They are making noises about solving their problems by end of Oct

Share price, with positive news, might well open well above the 1.6c they last closed at

Here's Hoping eh!!!!