MBN 0.00% 8.3¢ mirabela nickel limited

Mirabella discussion

  1. 17,451 Posts.
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    So lets get down with the numbers and some facts about mirabella, since all old holders got burnt by mbn, its like a taboo even mentioning anything that starts with m. Anyway, its a new start so lets get down to business.

    Facts
    - 929, 710, 216 shares issued.
    - Top 20 hold 856,513,421 shares, 92.127%
    - 73,196,795 freefloats, presumably the heavily burnt shares hold by old holders.

    Cash holdings of 65m. Current market cap at 15c, about 135m.

    Sales
    2010 - 210m at $9.43 per pound at $7 production cost
    2011 - 303m at $10 per pound at $7.27 production cost
    2012 - 343m at $7.46 per pount at $5.8 production cost
    2013 - 194m at $6.46 per pound at $5.8 production cost

    Current nickel is $8.92 per pound, as u can see a MASSIVE increase in recent months of 40%+

    We make $2.4 per pound in 2010, $2.7 in 2011, less than $1.7 in 2012 and a dismal $0.66 in 2013 which led to our demise. Now imagine our production cost still holds at $5.8 (as u can see they been trying to cut production and been quite succesful from $7 down to $5.8) and our selling price at $8.9, thats a record of $3+, best case scenario in the past 4 years, mind u we were trading at over $2 back then, without all this cap raise fiasco tho.

    So what we looking at right now? Any1 have anything to share, i didnt include debt and evrything coz they r pretty much non relevant when u can manage cash flow positive from sales. 130m company with 65m cash, until next report comes i cant tell how much we r selling per pound.

    Anyway we dont have the iron ore crash, gold crash, uranium crash, rare earth crash drama, as u can see nickel rebounded after many years of low and indonesian banning raw nickel export is a permanent and positive shock to nickel prices.

    How far can we go? 20c or crash?
 
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Currently unlisted public company.

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