MBN 0.00% 8.3¢ mirabela nickel limited

standstill arrangements, page-18

  1. 746 Posts.
    Dear journey companions,

    The way I see it, in my own naïve way and IMO, is that at the moment MBN is valued at $14.1 million considering SP @ 0.016. It can/may go lower once start trading again, hence my understanding is that MBN will not cancel the suspension any time soon, because anyone could buy a large chunk of the entire share holding very cheaply. Considering MBN also currently has $50 million in the bank, and an enormous amount of money invested in the mine itself, it would be a very cheap company for anyone with some lazy $10 million lying around.

    Therefore I am not holding my breath, expecting shares to start trading anytime soon ...

    If I had $10 million I would buy MBN .... so, management will not take the risk of letting the entire company go for only $10 million ....

    Just the mine replacement cost is a small fortune ...
 
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Currently unlisted public company.

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