Sale process with bids by Christmas yet no Q3 or Q4 of H2 audited results and now no secretary.
Yes I wish to buy your company, sorry what, no figures for current production, current sales or expenses or who the actual buyers are! Sorry its secret, we cant tell you who is buying the ni conc and where the ships are going to and how much the BRL has dropped the COP to say around $3.30uslb on my maths.
We can tell you its break even for 15 months and it has 400 staff and a CEO CFO in brasil who told all the investors that its a safe & stable company with US$100M cash at bank in 2 weeks time and profit producing and the profit will accelerate next year. Take a punt!
Yeah sure heres US$300M on that... I don't think so
Its a sham sale...
They will keep it in LPM till Dec 2016 or longer until NP rebounds eventually and then take cheap shares will US$10M cash to themselves and not to the good wolves and protect their shareholding of 70% worth to them of US$400M but valued on ASX of $40M. They can wait 10 years if they have to, no point selling now for a massive loss...Yitzhak in New York cannot afford to lose US$400M of fireman & nurses pensions or they will put him in jail first and then the other bad wolves. They cannot afford to crystalise the loss for all NHs as they will break out in litigation...who advised them to take shares in the DOCA, who advised them to buy safe and stable MBN shares, who advised them to give bonds to MBN preDOCA, who advised them US$100M cash in 2 weeks time?
What are the directors assets like Newstead of US$100M as VP of Guggenheim.. lots of assets in New York there to attack!
Who is leading the creditors without opposition right now, BNYM, so who advised them all?
Litigation & charges galore here in US & Aust if they take a loss. they know it that's why they suited up at the VA meeting and put in a VR & a sham sale process to deflect attention.
MBN Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
