MBN 0.00% 8.3¢ mirabela nickel limited

Calm down its still a going concern, page-19

  1. 30,924 Posts.
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    You're just saying that because of tomboy's flawed analysis of the BRL rate, based upon statements by the director from an audio presentation which included such untrue gems as a 10% change in the BRL affects profitability by $30m.

    The truth of the matter, as clearly disclosed on p.96/97 of the audited accounts for 2014 show that a 10% weakening in the BRL/USD rate will give a $2.25m increase in profit for the whole year, which is less than $200k per month. Basically no help at all.

    If anyone wants to ask questions at the meeting that would be a good place to start - although I doubt if the director will be there to answer why there is such a huge discrepancy.
 
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