class action should be taken against a.s.x., page-3

I don't agree. If you are talking about the drop from 10cents indicating that insiders knew then have a look at other Nickel miners at the same time - they all dropped at the same time because the Nickel price was dropping. Volumes remained fairly constant - if it was insider selling then you would expect a spike in volumes.

The big price drop happened when they announced that one of the smelters were shutting down.

With the Nickel price so low many miners were losing money. The killer for MBN was the debt due in early 2014. If you aren't making money on your sales you aren't generating cash to pay your debts.

Once the company did the right thing and disclosed the situation they were now in the price plummeted as you would expect. After that it was playing musical shares to see who would be left holding stock when the inevitable music stopped.

I don't think there was anything fishy happening here.

I doubt holders will thank me for this post.

I do hope for your sake that something can be recovered from this situation but it doesn't look good.