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8.3¢ mirabela nickel limited

HC MBN Shareholders List, page-137

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mattyedw

7,326 Posts.

957

21/05/15

13:26

Post #: 15324074
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Originally posted by tomboy ↑

Congratulations to all,
combined, we HC MBN holders are a Top 5 MBN holder overall with 36.924M disclosed shares + 2.8M estimated undisclosed totalling ~40M shares or 4.3% of all MBN shareholders.

We as a combined group are larger than top 5 holder Pioneer Funds Global High Yield Fund 39.3M of 4.24% and top 6 Merrill Lynch 30.6M of 3.3% and larger than top 12 Comsec, top 17 Citicorp & top 18 JP Morgan Chase. We are in the elite company of global large instos.

The MBN HC Posters Shareholder Register
(The Long & Distinguished Top 70), as disclosed by HC posters, edited Thurs 21/5/15 0930 WST

Top 10 (the 1M-3M Club)
1. Jacky123 ~2.7M ("my family wont let me reveal how much but your 32M is now 35M")
2. Kapetanios 2.35M
3. Nototcall 2.2M
4. Eddo 2M
5. Tomboy & companies 2M
6. Unknown Bystander ("UB") 1.9M
7. ccdavid 1.43M
8. Simstac 1.36M
9. Ddwn 1.1M (added 100K)
10. Spredn 1M

Top 10 HC MBN subtotal = 18.04M shares

Top 11- Top 60
11. Mufc1 890K
12. trav2012 766K
13. integra 750K
14. maffsmark & family 710K
15. charliek 700K
16. bthotcop 640K
17. lachlan_live 630K
18. sinohwc 600K
19. yuyu 580K
20. fanda888 540K
21. cjcrisco 500K *alphabetical order mainly
22. jasmac 500K
23. lauzza 500K
24. leedavi 500K
25. laz 430 500K
26. martis (red heart) 500K (had 2M, can buy 1.5M again, sits on $230K disclosed cashedout profit)
27. F6T 500K
28. gapesy 496K
29. Johnboy1 426K
30. shanecjs 420K+
resources = a number but rising, 375K est
ninja73 375K
snowtirade 370K
newbieguy 350K
rturve 350K
lucky992 310K
campag 300K
Sickasgus 300K
lucky phil 300K
tiger 77 300K
benwas 280K
sharls 276K (added 26K)
pennyB 250K
tj morgan 250K
Megagem 264K (added 18K)
dfcs7642 245K
bradmjanes 200K
cottster 200k
wlad 200K
Ozgoldtrader (undisclosed est. 12.5c @ 200K)
rabmac 164K
wadsworth 150K
azza151 118K
ramble 100K+
LH114 100K
1for1 100K
eric5856 100K
kero 90K
Johnathon3 90K
zuks 69K
cgl 69K
cj10 65K
sorcereyes 60K
dappaT 56K
teabagger 50K
brutis 50K
jag131990 40K
'yifuj 40K
Jazz6868 30K est. ("the smallest holding")
savasilni 0.00 (had 4M, will "buy 2M" again, sits on disclosed $250K cashedout profit)
ruby 101 0.00
soilater 0.00

Subtotal top 11-70 MBN shareholders = 18.884M

Total disclosed Top 70 shareholders on HC = 36.924M

Shares held disclosed but amount undisclosed to date:-
(thereby not included in the above register/holdings)
feng1 ? est 50K
Mr_Delta ? est 600K
Orabanda ??? est 650K
user23 ?? est 700K
64eheh ? est 200K
Lord Spesh ? est 200K
Locust 1 ? est 13K
Nathan 321 ? est 34K
mattyedw ? est 100K
aussiesharekhan "500 @13c" (?) est 0.5K

Undisclosed estimated holders = 2.8475M

The disclosed list grows from 32M to now 36.924M shareholdings with perhaps another 2.8M in the undisclosed list, This combined represents 40M shares, a clear top 5 group of shareholders in MBN.

So we know:-
1. Wellington sits on 5.1% holdings hidden in institutional trust accounts
2. Wellington has a -US$11M loss at an average breakeven SP of 35c-41c averaged down from 45c-50c.
2. other US NHs sit on a breakeven SP of 45c-50c with some of them actively buying to average down
3.CN holders of US$100M at US17c @79cAUS = 21.5cAUS = 588M potential dilution shares if taken before any buyback/retirement
4. we have 40M shares which is the whole of the remaining freeheld shares sans NHs holdings
5. some NH sold down some shares at 4c-44c-3c-10c reopen but barely any since
6, Pioneer Funds have 80M shares combined spread around
7. cash to book is now 23% of MC or 1-4.34 but will be 1.0 or 13.0c per share by December.
8. EPS are 3.5c now and rising
9. PE ratio is ~3.5 now or 1.0 PER to 2016 earnings. (normally a 10-18 multiple, say 14)
10. MBN MC is substantially undervalued on all std market parameters.

Looks like there arent many freeheld shares left out there at all. The DOCA cut the prior holding to 18M shares with many buying back into average down. These buyers have proven right as we actually hold shares in profit rather than the US NHs who still hold massive losses on debt/CN cash input of US$550M @79cAUS =$696M - $105M (95% of AUS$111M MC) = -$591M AUS.

Incredibly, we small guy buyers have made more profits than these large US bondholders. Now with volume dried up, they have nowhere else to go but up to their break even SP targets.

This will frustrate and upset them but it was inevitable if they were soaking up small holders this low in the cycle. They must have expected it. So from what i can see its a Phase 2 bore us to death n the dry desert phase & compounded by our sellers strike. Maybe planning the Phase 3 Rocket ride phase with MBN management.

Hold Strong hold Long.
MBN is the lean mean liquidity cash machine.

Expand

Just to update your figures tomboy,
My accumulation is 1.6m
Keep up the good work, and remember holders not to feel intimidated by sudden downswings and silly games, just believe in the fundamentals of why you bought in the first place

Matt

MBN Price at posting: 12.2¢ Sentiment: Buy Disclosure: Held
11 Upvote

0 Great analysis

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