I think more of us will be signing up (including me with my...

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user23

3,914 Posts.

09/10/15

13:12

Post #: 16145487
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Originally posted by tomboy ↑

LME Ni stocks are down again to 443KT, 4 days straight down.
Headed to a 400KT in a clear head pattern and down the shoulder now
BRL has strengthened, NP has strengthened.

Wouldnt be surprised to see NP move sharply higher again any day now.

If anyone else would like to run the mbn class action or engage other solicitors or advisers then please let us all know or just do it and tell us all. I have suggested IMF Litigation funders & Maurice Blackburn Cashman & Slater & Gordon as they are well known class action lawyers. Now is not the time to divide and argue with each other but to stay united and take action if it goes south.

As my report showed, this is no normal VA. We have grounds for a class action and now over 125 registered participant members out of 3000 shareholders. There are many holders who are not participating than are.

I saw last night that Maurice Blackburn Cashman launched class action registrations by shareholders against IOOF collecting shareholders together as to claims on nondisclosure causing 30% SP drops IOOF continues to ASX trade and make profits unlike MBN which is in VA. So we are in a better position for a class action than IOOF shareholders.

Wasnt it Jantimot that stated shareholders are not creditors and cannot attend creditors meetings or take action against a company? Wrong & misinformation.

If BRL stays around 3.90 & NP goes to 5.00, or even stays at this figure its profit producing by a good margin, hence why the mine operation continues. The VA obviously knows this.

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I think more of us will be signing up (including me with my 766654 MBN shares) if it goes pear shape but at this point given a third party did offer them 30M USD borrowing loan and further COP reduction and a rebound in nickel price (hopefully this time it is a rebound not just a bounce) it will be a surprise to me if it goes go pear shape.

Last edited by user23: 09/10/15

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