MBN 0.00% 8.3¢ mirabela nickel limited

Tomboys Creditors Meeting Report, page-80

  1. 30,924 Posts.
    lightbulb Created with Sketch. 174
    HCT, too bad mate. Blame tomboy, he sucked me in here with his COP cut by 33% thread. IMO a touch of reality is needed to counter his continuous unicorns, rainbows and cute little ponies scenarios.

    As for your quote from the cc, you didn't emphasise the word forecast - you might as well sue Alto Capital for their incorrect NP forecasts. And then, when MBN couldn't redefine CAPEX profiles to match expenses with cash availability - they called in FH. While they still had cash at bank. While they could still continue to operate the mine.

    Perhaps the class action could be on the basis that they were too cautious, putting it into VA before all possible avenues, including letting the NP recover, had been seen through.
 
watchlist Created with Sketch. Add MBN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.