MBN
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0.00% 8.3¢ mirabela nickel limited

I think it's entire convertible note loan of 115 USD + 10M USD...

  1. user23
    3,914 Posts.
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    29/10/15
    13:56
    Post #: 16282924
    I think it's entire convertible note loan of 115 USD + 10M USD (interest) + 44M USD so 169M USD.

    The receivers value MBN asset at 500M around the time of the DOCA last year but their debt was also 450M USD and their production cost was also very high in the 8-9s so it will depend on what the COP value is currently at and the nickel market has also half in value, IMO.
    Last edited by user23: 29/10/15
    MBN Price at posting: 8.3¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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