Australia's largest stock trading and investment forum Australia's #1 stock forum

MBN

Click for more information

0.00%

8.3¢ mirabela nickel limited

Keep it up mate - need all the +ve people like you that we can...

First 202 Last

Share
Profile

Follow
ddwn

12,594 Posts.

3399

23/08/16

18:34

Post #: 18620364
Share

Originally posted by ccdavid ↑

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.

Expand

Keep it up mate - need all the +ve people like you that we can get

MBN Price at posting: 8.3¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

STK

Rogozna grows with gold equivalent grading 1.1g/t across 545.7m for Strickland

LU7

The Breakdown: Lithium Universe talks refinery design and lithium processing in strong preliminary feasibility study for Bécancour

RCE

Recce progresses testing of gel to treat bacterial skin infections

TTT

Titomic jumps +6% as it incorporates Microsoft Hololens tech

AHK

Ark Mines provides strategic update following mining lease submission

There are more pages in this discussion • 1 more message in this thread...

First 202 Last

Add MBN (ASX) to my watchlist

SPONSORED BY