MBN 0.00% 8.3¢ mirabela nickel limited

Likewise, I'm with NAB. Now we wait to see if they sell the...

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    Likewise, I'm with NAB. Now we wait to see if they sell the mine... I note a few comments have been made about the price of nickel influencing the sale. Personally, I think the buyers would have to be very short sighted if the price was (for example) 50c under breakeven. What's going to really matter is confidence that the downtrend has been reversed and will stay that way. In other words, they'd be looking much further down the track than the day to day price movements of nickel. The other thing is they'd most likely seize on any negative movement as a reason to bargain down. The fact the VA haven't just sold at the first opportunity but seem happy to wait for a reasonable deal is encouraging. I hope it pans out. Time will tell.
 
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