MBN 0.00% 8.3¢ mirabela nickel limited

Beware of the old pump and dump!, page-12

  1. 121 Posts.
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    have been bullish on mbn since the rebirth until monday when i realised it was just my hope. sold my position around 0.051. bought at 0.175. a big loss in percentage and in $ amount.

    it was clear in last financial report there was no value for equity holders (Net Asset Value per share is negative).

    unless things change dramatically. this is looking very remote now.

    mbn has been on the market looking for an offtake customer for 4 month now without any luck. time is really running out for this. you know what is going to happen if they cannot secure one.

    when you read last report and the presentation of the gm. all the good things are down while the bad things are up.

    even they can secure an offtake customer on time the cost of production is still too high. it isn't an easy task to bring the cost down.

    the worst of all they may not have the deposits they claimed they have.

    don't count on the management. if you do you are hoping.

    don't blame the management neither. they are doing whatever they can. they are not saying a word because they don't have any good things to say and they don't tell the bad news when they don't have to.

    When they do it will be too late.
 
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Currently unlisted public company.

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