HC Rebels buying in front of BCEE & Wellington & the secret 3rd buyer......
We must be frustrating the heck out of them and their accumulation strategies. They cant even get the scraps down here of a paltry 400K now. Last time down here it was 4M shares traded, now a mere 25% of that at 1M shares mopped up mostly by HC rebels.
Why don't they announce a plant shutdown now? That would rocket the SP up!!! They don't need the plant or mine at all right now until January and still make the budget of 18,000T for all of 2015, they could lay off 520 of the 600 workers till December and cause a local riot.
Someone doesn't want layoffs, someone who controls the CEO and all her actions in secret who trusts her implicitly to give her directorships in Canada based Nugold's Board.
Excellent research there buddy, looks like several large smelters right nect to Linagyungang port & city. Easy access and swapping drying up and lowering grade phillipines ore for brazil MBN ore in secret.
Those 3 shipment deliveries to Liangyungang China represent at least 5400T of sales exceeding all of Q2 sales and matching Q1 sales imho, also remember that the 15,000T of ni conc in the massive tailings dam was referred to AFTER these ships left port so that means they must have had around 20,000T in the tailings dam before the shipments. If these shipments payments hit the accounts Q3 in August, cash at bank should rise from $10M to $64M and that's at record low NP.
COP ought to be around 4.00 right now. A drop in the BRL in weeks predicted by socgen will mean a drop in COP to 3.60uslb.
No other Ni miner can claim this, Canada production is on the brink now at these rates, The Sudbury province hosts Norilsk, Vale, FQM the 3 largest global Ni producers yet their currency is at 1.05v 1.00 US and their miners salaries are triple that of MBN brasil miners in US$ terms.
Q3 report will reveal higher production
MBN wins hands down.
Kapetanios is following the money, the shipments to these secret chinese offtake buyers, they look insatiable for cheap profitable MBN ore right now. MBN the secure and safe producer in the words of the CEO.
MBN Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held