MBN 0.00% 8.3¢ mirabela nickel limited

Any hope for MBN?, page-96

  1. 657 Posts.
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    Hi user23,

    Who actually knows what the true production and other costs and outlays were - let alone what volume of Ni MBN were actually selling, at what price and being paid for?

    If all was financially sweet as we were either lead to understand (IE alleged misrepresentation of actual situation) or not told otherwise of the financial reality that may have been much worse (IE alleged deceptive behaviour), then why was the VA brought about 24/09/2015?

    The only announcement prior to that gave any indication of financial difficulty was the suspension from official quotation notice on 27/08/2015:
    - That's when we could no longer trade our shares, yet;
    - It was only 21 days prior on 06/08/2015 that the Q2 2015 update reinforced many points of previous announcements and presentations, and;
    - Informed us that the fall in PoN was being offset by BRL/USD, production costs were getting even better etc.

    If production cost trends and capital outlays:
    - were as we were informed then there's something we weren't told and should have been;
    - were not as we were informed then we have been mislead and deceived and should not have been.

    We're seeking a few opinions because we're presently feeling and alleging that we've been a bit mislead and deceived.

    Cheers,
 
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