This states the government is negotiating the return of funds to keep the mine operating @ccdavid that would mean there is no taking the money and shutting down, it would be a social disaster, which for the families of our company I hope does not happen.
I believe with this extra 4 million we have enough to get through this tough situation, I believe we have seen the lows now, I think another two months at these prices will cause exponentially more shutdowns, come the second creditors meeting I think we will be primed for much better times. I hope we stay out for another few months after to get accounts and reporting in order as I don't want to be pressured to sell before 50% CGT reduction. I believe we will all be rewarded.
It would be ideal to not need another capital injection as I don't want any dilution at these prices - I feel the company is worth much more as it is a going concern even here!
MBN Price at posting:
8.3¢ Sentiment: None Disclosure: Held
