I don't think that will be correct @azza151.
They have reported reduced production during July which will most likely impact on production of Ni. The only saving grace will be if they can sell some of the concentrate (2400Ni concentrate) they had on site. I am starting to wonder why they hold so much on site and havent sold it earlier. Seems strange to me.
"
During the first half of July 2015, production was affected by the unplanned stoppage of the gyratory crusher. Plant operations returned to normal on 22 July 2015. The second crusher was utilized during this period to lower the impact on production. The lower nickel concentrate production for July 2015 compared to plan is expected to have a negative impact on the third quarter production. However, Mirabela is in a position to reiterate its nickel production guidance of between 16,500-18,000 tonnes of nickel in concentrate for the full year. "
I also think the company should start reporting inventory and I thought that was an ASX requirement?
Definitely some games going on here.
- Forums
- ASX - By Stock
- MBN
- doing much better
doing much better, page-4
Featured News
Add MBN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Will Souter, CFO
Will Souter
CFO
Previous Video
Next Video
SPONSORED BY The Market Online