What is destorying the share price is a number of factor 1.Nickel has had a fairly steady descent over the past year from more than $US11 per pound in May 2011, to about $US 7.73 today. 2.rumours of serious financial problems 3.margin calls 4.being trading on speculation 5.share price isn't trading on fundamentals this is why its felling so much net debt is $392 million cash is $41 million in bank so net debt is $351 Analysts surveyed by Bloomberg have an average share price target for Mirabela of $1.11. Nine of 17 analysts are recommending a buy. By the numbers 0.52% The average nickel grade for Santa Rita's open cut reserves and resources. Source: Mirabela Nickel
MBN Price at posting:
24.8¢ Sentiment: Hold Disclosure: Held
