No doubt m'ment are working frantically around the clock and communicating with the Brazilians (Bradesco Bank) - different time zones too, about not calling in the $50mill, even though MNB have about 70-80 mill to cover it without a problem.
An offtake agreement here would be handy, they just need time and I believe there has been interest from other parties. obviously hasn't helped losing their client (which has triggered all this BS, not just the revenue cut of 40-50%).
Where the sp is trading now is at its most distressed level and fully factoring in VA - anyway any rumours about Bradesco going easy here in the ST, will give the sp a bounce from here.
Not holding now, just watching again.
MBN Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held
