Ann: MBN Appointment of Voluntary Administrators, page-89

Cash and Debt Mirabela closed the second quarter of 2015 with cash on hand and on deposit of US$16.24 million. The decrease in cash on hand from 31 March 2015 (US$25.28 million) was driven primarily from a combination of factors including: capital expenditure of US$9.11 million (mostly attributable to the tailings dam work); net cash outflows from operating activities of US$0.32 million; and repayment of the Caterpillar finance facility of US$0.19 million. The cash balance at 29 July 2015 is approximately US$10.09 million. The continuing low nickel price is significantly impacting Mirabela’s cash position and the Company continues to research and implement ways to conserve and improve the overall cash position, including attempts to raise additional funding.


they burnt us$6m in 29 days .....

the secured note holders "own" this one ......

third time lucky ???????????????