MBN 0.00% 8.3¢ mirabela nickel limited

Hbswrx,Dont agree that all production has been sold at good...

  1. 192 Posts.
    Hbswrx,
    Dont agree that all production has been sold at good prices! they have a hedge for about 5% of production and contracts to deliver nickel to two companies. But I think you'll find its at price at delivery, ones the gate price when they pick it up and the other is the ship price at port. They ( two companies) also have prepaid 50 million each so I would expect not much cash coming in at the beginning.
 
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