The story will be told.. we got screwed..as a result ASX is a less safe place to invest where a company can plan to fold and conspire to screw over foriegn shareholders.
Brasil is mega corrupt.. this we know.. but it was ASX list.. management lied to us hard.. why did you they go on an infrastructure spending spree in a worsening nickel spot environment.
The CFO failed hi s duty of care to allow a safe bank balance as they sought effeciency improvements (huge spend on tailings dam!!!) that ended up driving us to Insolvency.. we learn they are selling to themselves of course this is a big story!
MBN Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
