MBN 0.00% 8.3¢ mirabela nickel limited

News: MBN Mirabela Nickel updates on MBN sale process, page-201

  1. 2,524 Posts.
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    We have 3 to 6 months time frame. With the number of mines that have closed now and
    how it pans out in the Philippines crack on irresponsible mining, I guess Nickel have a
    very big chance of recovering. The most important factor is how much the Nickel stockpile
    will decline the next 6 months. This will give potential buyers of MBN the necessity to act
    now and guarantee their Nickel supply over the next 10 years. Liquidators are in no hurry
    to sell, as they told Possum30 inquiry that no update to come in 3 to 6 months meaning
    they are waiting for the deficit to rise and that will attract potential buyers.
    Total Debt is:
    Original Convertible Notes debt = 115 million
    5 Years Interest at 9% = 51.75 million
    Bradesco = 50 million
    Roughly = 216 million so say 220 million as user said.

    The 5 years interest payable is questionable as we only incurred interest for 2 years to date.
    Question is, Do you really think no one is willing to Buy this mine more than 220 million
    if PoN reach 6.oo/lb.
 
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