I have sought information on the fate of Mirabela Nickel (MBN), whose shareholders also suffered a DOCA. Although on a much smaller financial scale, MBN's problems were similar ie debt and low nickel price. The price of nickel has remained too low for a recovery, MBN failed to pay ASX fees and has remained delisted, with the mine under C&M, for 2 years. Posters are still active on HC and hoping for a resurgence. Like our first restructure proposal which was intended to cover running at a loss until late 2019, success of MBN's DOCA also depended on their mine becoming profitable in a similar time frame. That has not happened. Will the parallels continue with PDN if the sp of uranium does not get well over $30?
I have sought information on the fate of Mirabela Nickel (MBN),...
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Last
$10.20 |
Change
0.350(3.55%) |
Mkt cap ! $3.050B | |||
| Open | High | Low | Value | Volume |
| $9.92 | $10.22 | $9.81 | $27.42M | 2.716M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1004 | $10.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.21 | 9833 | 2 |
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| Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
| PDN (ASX) Chart |