MBN
Click for more information
0.00% 8.3¢ mirabela nickel limited

Ann: 2014 AGM Presentation, page-7

  1. 8horse
    34,338 Posts.
    lightbulb Created with Sketch. 9111
    clock Created with Sketch.
    21/11/14
    20:47
    Post #: 14333217
    Noteholders have written off US$395m notes/debts, brought mbn into live, but at cost of diluting shareholders to 2%, noteholders own 98%.

    currently, mbn still have US115m convertible notes, not debt free.
    september quarter report showed cash cost rose from US8.43 (Jun 14) to US$9.02 (Sep 14), cash cost was far higher than spot price US7.3
    also last quarter burnt $28m, they have $29m in October, how long $29m can last?
    MBN Price at posting: 3.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

MND Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?
right-arrow Created with Sketch.
NEWS Capital raisings wrap: Brainchip, Ovanti, Lake and VHM
right-arrow Created with Sketch.
PEC Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil
right-arrow Created with Sketch.
BGL Bellevue aims for 45% production increase by FY 2028, announces $150M placement
right-arrow Created with Sketch.
TRP Tissue Repairs soars nearly 32% on TGA approval for wound healing gel
right-arrow Created with Sketch.
FMG Quarterly & half yearly reports: Drives Newmont up, Ampol flat, while Fortescue plunges 2.6%
right-arrow Created with Sketch.
watchlist Created with Sketch. Add MBN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.