MBN
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0.00% 8.3¢ mirabela nickel limited

nickel price, page-91

  1. user23
    3,914 Posts.
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    15/11/15
    16:55
    Post #: 16399752
    End of Q1 2014, MBN clearly didn't have enough cash (they only had 18M USD) to pay their 30M USD interest payment.


    The 80M USD cash in August 2013 was used because they were making huge loss per quarter due to their high production cost; 12M USD in Q3 2013 and 10M USD in Q4 2013 and also 30M USD in interest payment and around 20M USD operational and equipment improvement.

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    MBN Price at posting: 8.3¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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