Ann: MBN Company Update 7 November 2013.pdf , page-4

last line in anno a giveaway:

"As outlined in the Company Update announcement to the ASX on 31 October 2013, Mirabela is currently discussing standstill arrangements with its financiers, >>including Bradesco<<."


I now think all lenders will agree to stand still and they will mothball this mine for 12 months or until nickel recovers substantially

some financier will make available 50m to pay for idling time and stock trading will resume in 2-4 weeks time, albeit crappy share prices

if the one ingredient - nickel price - is sorted - things can become good again

to be seen if financiers agree to this