MBN
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0.00% 8.3¢ mirabela nickel limited

credit rating downgrade, page-117

  1. Baraka
    1,672 Posts.
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    03/10/13
    13:51
    Post #: 12403151
    Evo

    balance sheet looks great upside down.

    have you considered that shareholders funds of $39m against debt circa $400m isnt too much of a buffer , especially considering that some $55m of the " assets" represents capitalised strip costs ?

    pity you cant short this one as would be one of the lowest risk shorts i have ever seen.
    MBN Price at posting: 1.0¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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