possible default on debt

I guess this explains the hammering over the last couple of days.
If Bradesco chooses to enforce its right to debt payment, this will IMHO get very messy.
Be careful punters
From the update


"If Mirabela has taken preliminary legal advice from its Australian counsel and is of the view that the notice received from Votorantim may constitute an event of default under the Bradesco Facility. If an event of default is triggered under the Bradesco Facility, and Bradesco chooses to enforce its rights by accelerating repayment, a cross default under the Notes may also be triggered"

Fort