It's been a while between posts, I sold for a hefty loss after the initial announcement of the customer loss, production downgrade and capital expenditure forecasts.... what a shocker. Given where the nickel price has been for the last few months MBN was going to be in a precarious position even if things had been going well. However it appears everything has been going against them.
Whilst Santa Rita will be mined again, I really can't see even in white knight situation why equity holders will get anything.
Unfortunately it doesn't matter if your entry price was $7 or 0.8c - if it goes bust you both loose everything.
Best of luck to anyone still long - I hope somehow they can pull off a miracle!
MBN Price at posting:
1.6¢ Sentiment: ST Sell Disclosure: Not Held
