analyst report, page-2

nothing new in the report just read all mbn announcements!
To balance the nickel/copper hedges did they mention the 300 million hedge with the rate of 2 reals to the US dollar as mentioned in the annual report? this would be a loss greater than the ni/cu hedge! win one lose one what have you got! Nothing! ..all together now! all ways look on the bright side of life!
Now the positive MBN's Nick Poll has said that with Ni at $us5 p/Lb MBN would make a profit of US 90 million.
er I'm not so sure! some costs with the loans will cut into this.
And speaking of Loans! its the end of the month,I'm waiting for THAT announcement!

Cheers to all


D.Y.O.R