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0.00% 8.3¢ mirabela nickel limited

The sale is not in the control of the secured creditors: We -...

  1. Lucky Phil
    654 Posts.
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    22/06/18
    22:00
    Post #: 33896364
    The sale is not in the control of the secured creditors: We - along with major shareholders - wish it wasn't
    It's KM's call who the assets are sold to, when and for how much.
    The only leverage the secured creditors have is to insist on a higher sell price else they take their secured assets (diggers etc).
    And that's what the stand off / sale delay is all about - save for the Brazilian Gov (via Bradesco) possibly so insisting on a few added extras (local employment, environment etc)
    MBN Price at posting: 8.3¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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