Any hope for MBN?, page-68

It's because we are all waiting to see what they do before consider a CA......MMB supposedly has 5.5M USD in cash and you seem to forget about the 11M USD refund that was agreed by the state government but rejected by the creditor (who was in the negotiation table) in the last minute.

As indicated by the CFO in a MBN statement, this was more than enough to balance them financially and going by their low production cost, we thought similarly, this cash would have been enough for them to cover the small losses post capital expenditure if they continued to mine and lets face it 15-20M USD is peanuts to these creditors/substantial share holder, Guggenheim wanted to provide MBN additional 30M USD funds within a few months they were asking for (going by the VA report) and rejected at the last minute which caused this VA being called.

Did they even needed that 30M USD additional funds in the first place is another question......