Dear HBSWRX,
Always glad to read your positive posts! I do hope you took some profits from MBN when they were sky high some months ago and that your current holding is at zero cost.
After reading the latest annoucement it comfirms my worst senario modelling. 100% dilution lets say 120 million shares issued at approx $C1.35 for $US 130 million this will cover $US 80 million plus interest and repay advanced funds plus some working capital and fund raising costs. But current Ni price would suggest the mine is now marginal in turning a profit( current Ni price $US 4.60).
Sentiment change again downwards!
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