MBN 0.00% 8.3¢ mirabela nickel limited

MBN Maybe not all over after all, page-6

  1. 570 Posts.
    I hate to state the obvious but blind freddy could see a storm on the horizon... From the latest quarterly.. They started with 25 million in Q1 > 16 million in Q2 > 10 million in mid Q3... Extrapolate that cash burn rate and you should be able to see where the problem lies... They are burning approx 9 million a quarter, companies require a minimum 6 months operating costs or bankruptcy is on the horizon. As they say 'cash is king' - you can project all the forecasts and profit guidance you want but the cold hard reality is they have run out of cash to operate.
    Last edited by BorisYeltzen: 25/09/15
 
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