This is because the CEO thought MBN might need an additional 30M...

This is because the CEO thought MBN might need an additional 30M USD fund to keep it a float ("fishy" or miscalculation by the CEO?) , but it's gone the other way and they have been operational for 6 months despite the record low nickel price, so maybe she was too caution with the newly formed risk management team........who knows except them!!!!

But since it's currently in VA, the creditors have control of MBN and being majority share holders with still 500M MBN shares there is no way they are going release shares to the market for your so-called "good wolf?" to accumulate and become majority share holders and there is no way these creditor are going to sell their so even if these so-called "good wolf?" buy on the market the existing remaining shares, these creditors are still majority share holders.

Although it's only 11M USD to them (which is peanuts) they might as well ask for it back from the government since it's MBN's money anyway in the first place. So they told MBN that they will continue to support them if they receive their VAT refund (who knows they might accept the partial payment), may guess is this will help them cover any losses if nickel price continues to fall again for a few quarters so might as well get the money they are entitle too but IMO it's likely not really required, hence the local report that this 11M USD is more than enough to balance MBN's finances and peanuts to these creditors. But, hey, if it's your money to begin with.........might as well get it back!!!!

IMO, it isn't a "black mail", they are only asking for money owned to them by the government which they paid in the first place for the government to "retain" for them, so as indicated by the CFO, by law they are entitle to recover them and the government is only willing to give them back 3.25M USD of MBN's 11M USD, what the hell!!!!!!