The Major Creditors are holding on. For
one the mine ia already in C & M. Its not
incurring much cash flow.
They will sell this mine once Nickel
eventually rises which is inevitable.
They are shareholdets and so are we.
They of all owns
most of the shares, they will hang on
for as long as it take. At 1.5 million a
quarter cash burn maintaining C & M
. 3 years will only cost them 18 million.
By then PON wont be this low as most
Producers would be bancrupt by then if
it is. Our shares and their shares are still
in the registry. Nothing has changed.
Think of it as our money locked in time deposit. We could come out a winner in
2 years time. JMO.
MBN Price at posting:
8.3¢ Sentiment: None Disclosure: Held
