I was responding to the concept raised that the secured creditors should stop the sale - when it is in fact the secured creditors that are relying on the previously praised talents of K&M who are handling the sale. K&M are looking for an offer to satisfy the top 2 secured creditors requiring ~ $230M. Yes it's a rosy outlook but where's the offers? The forecast global shortages didn't appear in 2015 - in fact the opposite with rising stocks and falling prices and the Directors apparently doing the right thing (is there anything in Ferrier Hodgson's 29 March 2016 Report issued Pursuant to Section 439A of the Corporations Act to suggest otherwise?) and placing the stock in suspension while (since then unsuccessfully) seeking refinancing.
MBN Price at posting:
8.3¢ Sentiment: Hold Disclosure: Held