@tomboy Aren't they making free cash flow now because they are in VA and Debt repayments are deferred until when a resolution is decided upon following the second creditor's meeting?
We are saving approx $10M a year temporarily which will enable us to stay in a holding pattern until the nickel price recovers. This is the only way creditors will get any money back. A sale now would be a disaster for all, the only solution is to hold off debt payments until other mines drop off.
MBN Price at posting:
8.3¢ Sentiment: None Disclosure: Held
