MBN 0.00% 8.3¢ mirabela nickel limited

brett cole_the aust

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    http://www.theaustralian.com.au/business/latest/mirabela-noteholders-seize-control-of-nickel-miner/story-e6frg90f-1226838139078

    Good to hear from you Brett.

    “The company and the ad-hoc group evaluated other alternatives before determining to proceed with the proposed recapitalisation, including a sale of a controlling interest to another stakeholder in the company, but determined that no other alternative provided a greater potential recovery to creditors than the proposed recapitalisation,” Perth-based Mirabela said in a statement"

    - including the sale of a controlling interest to another stakeholder in the company - obviously referring to RCF, incl. media, brokers, etc...that this was the deal being constructed and a good outcome for shareholders, but those greedy bunch of "yank" noteholders had to step in and screw us all up the gulo and get their big slice as well as calling in the administrators - thanks you, you bunch of malakas !!!
 
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Currently unlisted public company.

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