I suggest (IMHO) that all of us shareholders do not panic and sell our shares early in the piece. I believe, with nickel prices on the up, that MBN SP has all the qualities to appreciate over the short to medium term. If you are not desperate for cash, IMHO, I would hold on till SP reaches a reasonable amount.
If with the recap/restructure we also get offtake agreements for 100% of the concentrate, then Bob is our uncle.