Ann: MBN Company Update 7 November 2013.pdf , page-9

charity or not - VA is not going to cover shizz - lenders know that

what is there to sell ? machinery is going to be written off, wanna dismantle and drag it out of the jungle to where?

there is no solution for lenders but to hold tight and gamble on nickel to come better

standstill totally describes what is needed most - timelapse to fast forward to better nickel prices - to sell the only commodity that they have to actually generate cash

so they standstill for 12 months and have a better chance to recover as a lender then now

--but if Bradesco calls in the loan - then lights out

so there is 50m left over - too late even for Bradesco - they wont get it handed over just like that