new 45milion lifeline, page-31

"the Company will have approximately US$51 million of cash1 as at the date of initial drawdown under the Loan, being 30 December 2013, and approximately US$16 million at 14 March 2014." - from the company update.

Who in their right mind would provide this loan knowing that it's going to be pissed down the drain in 2.5 months, and the company will still be in a massive net debt position? To reiterate, the company is dropping $14 million a month just in cash-flow.

But then again, we are talking about RCF management here, and they have a terrible tendency of finding mining projects and pumping more and more money into those failing projects... MBN's troubles are too big for the RCF V to swallow...

"Resource Capital Funds is a mining-focused private equity firm that partners with companies to build strong, successful and sustainable businesses that strive to produce superior returns to all stakeholders." - From the RCF website, except I randomly sampled a few of their investments and just couldn't find the success they were claiming...

http://finance.yahoo.com/echarts?s=FMC.TO+Interactive#symbol=FMC.TO;range=2y

http://finance.yahoo.com/echarts?s=FBX.V+Interactive#symbol=fbx.v;range=2y;compare=;indicator=volume;charttype=candlestick;crosshair=on;ohlcvalues=1;logscale=off;source=undefined;

http://finance.yahoo.com/echarts?s=NOT.V

http://finance.yahoo.com/echarts?s=FNI.TO+Interactive#symbol=fni.to;range=2y;compare=;indicator=volume;charttype=candlestick;crosshair=on;ohlcvalues=1;logscale=off;source=undefined;