MBN 0.00% 8.3¢ mirabela nickel limited

I don't think there is a lot to worry about here. Sure they are...

  1. 147 Posts.
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    I don't think there is a lot to worry about here.

    Sure they are very likely not happy with the current cash levels with the nickel price in the low US4's per pound. But I don't have any doubt that they will be able to obtain the extra financing required.

    Heck as a last resort I'm sure they could ask us shareholders to put some money in (capital raising / SPP) and the majority would oblige.

    Restoring cash levels to a more comfortable level ready for the inevitable appreciation in the nickel price is under the circumstances prudent of management. They flagged this in the last quarterly. The only way that this could be viewed as a negative is if they cant get the finance however I think this is a very low probability of occurring.

    Locust
 
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