No mention of the dropped BRL or dropped COP that has well exceeded the drop in NP.
Must be why Griffiths resigned.
No mention of this in the Q2 or AGM at all. In fact the opposite..safe & stable MBN!
Cash liquidity - they have $65M due from the chinese & $23M in the stockpile & $20M income per month on current production.
If MBN cannot make it now then no Ni producer in the world can.
There is no current debt, the only non current debt is the CNs due in 2019 which are not due for 4 years.
They are really playing hard ball with the banks and lenders now. Looks like the CNs and Banco bradesco did not want to be paid out early. Restructuring of the CNs and banco bradesco facility is assured now in exchange for a white knight like Wellington or BCEE.
Doesn't make sense...why would BCEE & US NHs take shares for bonds & Wellington take up 108M shares on market buying for it to go to 0 unless its a full restructure of the CNs.
Keeping operations going means its cash positive and will relist.
I have fallen off my chair.
MBN Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
