MBN mirabela nickel limited

"...the Receivers’ sale campaign proceeds..." was highlighted in...

  1. 785 Posts.
    lightbulb Created with Sketch. 3
    "...the Receivers’ sale campaign proceeds..." was highlighted in the announcement.

    The free cash is so valuable that:
    1. Even if a sale happened, it would not be quick and on-fire sale.
    2. It is high probable it would fail to sell before next creditors' meeting since a tip point of nickel price appeared.
    3. Why are the producers so stubborn to keep production? The stop and re-start both are too dear.
    4. Nickel price will be up only after big enough supply is cut off.
    5. Once the supplies are cut off the new balance would take time to break out again, a few years later.

    We are not too bad to stick with MBN for so long, aren't we?
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

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