The CEO COO both said MBN was safe and stable and financially sound with enough cash for a year to go.
The COO said $100M cash by year end on current margins in the conference call.
They lied to us.
The TH had no warning at all.
So how the F did they spend that $100M cash in 3 months on a tailings dam with a budget of only $12M pa without any warning to the ASX of it?
It was total bulldust, a cover up A class.
Who is behind Appian in Canada who bought MBN for $100M for the CN that wasnt due for 2 years until admin was called in!
Who is going to get that $1,000M, do you believe Appian made a 1000% return of $900M and the yankee bond holders lost $500M and we aussies lost $200M ?
do you believe the yanks self suicided and decided to lose and write off $500M ?
Bulldust.
MBN Price at posting:
8.3¢ Sentiment: Hold Disclosure: Held
