My original parcel b4 the doca days was 100k shares in mbn.
I did still hold a large parcel upto this announcement and decided can't take another lost.
From there, i stayed on the side line.
I guess, i am like any other who is holding that i believed the turn around story and that management is working hard in having the company in order. I also believe the price of Ni should be at 9.00.
I guess no one saw it coming in terms of the price of Ni, it was 15K a ton, about 12 month ago to the now 10000 a ton.
Everything else was to schedule but that 1 last element management cant control.when against us.
If pon is at even 6.00, we will not be having this conversation.
Also i have not seen any other junior company issue 1/4 financial, just another sign.
I still hold because the 150 will not teach me a lesson if i sold it. At lease now at each time i open the portfolio, i have this big red item looking back at me as lesson.
Also i lost a big chunk in pos.
To say my decision has not being influence by others would be a lie. while we all say we are responsible for our own decisions no one fore us to buy, at the end of the day i bought on because i my self started believe in the lies. not with mbn,by then i am too broken.
Happy to take on constructive advice such as few on pos who know the workings of the mine which there is no way in the world i would understand without them and i have learnt lots.
I hope for this will blow over and for pon continue to hold steady and for mbn to come back on line.
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- Ann: MBN 31 March 2015 First Quarter Financial Report
Ann: MBN 31 March 2015 First Quarter Financial Report, page-44
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