Yes Oz, catch 22 for Bradesco here, call in the loan, MBN go into VA and what % of the $50 mill will they get, as you have the bond holders for $395 mill in the queue. Or standstill and wait for new customer/offtake agreement, nickel price to tick up, etc...
Ann: MBN Company Update 7 November 2013.pdf , page-11
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