“If Mirabela Nickel was insolvent or likely to become insolvent then this was not disclosed to shareholders,” says a letter by the group obtained by Data Room. "In fact they claim they had $80 million in cash alone as at August 31, just a few weeks prior to suspending shares."
http://www.theaustralian.com.au/bus...mands-disclosure/story-e6frg90f-1226843446697
Forgive if that does not sound like the same basis, but I don't follow MBN financials and frankly... don't care. Bye/
nickel price, page-90
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