MBN 0.00% 8.3¢ mirabela nickel limited

I agree with all of the comments above. BUT! this company...

  1. 113 Posts.
    I agree with all of the comments above. BUT! this company operates in Brazil, under Brazilian law it is a little different dependent on whom is owed, Taxes, salaries, Financiers, suppliers in that order. My advisers infom me that the Brazilian debtors will have first claim on any outstanding. If a company is in administration and cannot for fill its legal licencing obligations, the authorities have the right to suspend or revoke all licences.
    The latter would leave no assetts.
 
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Currently unlisted public company.

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