MBN mirabela nickel limited

Only Marsye To Go!, page-36

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    "- The noteholders will still need the shares in MBN to give the perception to the Brazilian government that there is no change of control so they can keep the license."

    I don't think so. MBN don't hold the license, Mirabela Mineracao do Brasil Ltda hold the license. MMB is owned 100% by MBN, and doesn't appear to be in administration. FH were only appointed as administrators to MBN and Mirabela Investments P/L. Not MMB. So the administrator could sell MMB to someone else as a single entity, mine, license etc. (if it hasn't been placed in Admin in Brazil) so long as all the cross guarantees which would make MMB insolvent are cancelled.
 
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