MBN will have huge problems selling its sulphide nickel and cobalt. MBN doesn't have any! MBN is about to become a near worthless shell.
The difference between MBN and PAN is that 2 years ago when the nickel price dived the PAN directors did a capital raising and kept PAN as a going concern. Look at its SP now!
The MBN directors - who purportedly are agents for the shareholders - decided that the company was not worth fighting for and put it into administration and just quietly resigned and walked away. Thanks fellas, you did a great job looking after the interests of us shareholders! Consigned us to poverty. Thanks a lot!
MBN Price at posting:
8.3¢ Sentiment: None Disclosure: Held
