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8.3¢ mirabela nickel limited

Agree.....that's the strange part but as you pointed out they...

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AlCp

26,670 Posts.

1730

25/06/18

12:39

Post #: 33927090
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Originally posted by Lucky Phil ↑

Hi AICp,

That bit about: "(they change their mind and call it off ... and just simply relist if they wanted to)"

So how do you support that they'll go about achieving this?

IMHO:
- Their only options are to accept the best offer else take their secured assets and walk.
- The cancellation of the current sale, any new sale, relisting etc are all FH's call.

If not then why haven't the secured creditors or the majority shareholders called off the current sale, retired KM, reversed FH's liquidation call, and relisted MBN?
After all - as you point out - it's not just their secured loan but also their shareholding that's at stake as well. And apparently it's a no brainer given PoN, REAL, forecast demand, trends etc.

Regards, LP

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Agree.....that's the strange part but as you pointed out they can actually sell the mine cheaply to themself and that way they can get optimal return and if that is legal then we've shafted ourself as I always thought it wasn't......

MBN Price at posting: 8.3¢ Sentiment: Hold Disclosure: Held
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