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8.3¢ mirabela nickel limited

I know you mention it's was because they sold more nickel then...

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user23

3,914 Posts.

29/10/15

13:48

Post #: 16282859
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Originally posted by jantimot ↑

No, not the quarterly activities report, but the Q1 financials, issued on 28th May.

No worries.

You can't really say whether the R would sell for less. They certainly shouldn't. But you'd never know if the VA could have got more. Receivers can trade the company out of receivership. They can put it back on its feet, pay off the secured creditor and hand it back to the VA or directors. If it is decided that there is a chance of that happening the secured creditor will supply the necessary finance, guarantees and indemnities to the Receiver.

Yes, you could force a liquidation but then you can get into conflicts between the L and the R which might involve court proceedings to establish who should do what. Generally not helpful.

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I know you mention it's was because they sold more nickel then they produced but those nickel production cost had to be incurred either in the previous quarter or in Q1 so they still had to report them as payable nickel sales for their production cost and incur the cost either way, unless they deliberate done something that wasn't reported?

MBN Price at posting: 8.3¢ Sentiment: Hold Disclosure: Held
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