nickel price, page-2

gordyboy, we around mbn are all speculators. I could not see it was fault to buy MBN. All we know:
1. after restructure, its market value was said to be about $200m less the debt. This market value is much lower than the intrinsic value we could see. It means 22c per share.
2. 98% noteholders turned their notes into shares.
3. $115m loan
4. nickel down but BR down too so that cop down!
5. good company presentation and conference call.
6. Indonesia nickel export ban.
7. low nickel price would destroy MBN's competitors due to the Ace, real.

We just miscounted the nickel price and in this mortal world, few could see it 6 month to 1 year. Without matter how bad in the future, as speculators, we are wise not stupid. Speculation means probability and if you hold the probability you have to bet on! If everyone could be sure no loss but 10 bags only, we might not be able to get the chance for mbn.

Only fault I could see is if we put our house into MBN! Even we have 98% odds to win we still have 2% chance to lose. If we are not lucky and lose, we get the 100% money gone!