There's no evidence that there will be any dilution whatsover, the 45 million already given was a loan secured by unencumbered assets.
There is no equity deal at this stage nor may there be when trading resumes.
The bond holders presumably have been given enough to believe that allowing and assisting Mirabela to continue trading is the best way to secure their investment. Obviously a windup hasn't agreed with them as yet hence the 45 million , get back on your feet loan.
Maybe the bond holders have already got control, but it doesn't sound like it and i would guess Purdy would be considering Norlisk Nickel as a priority.
Mirabela have already stated they require a cash injection and it seems as though many bond holders aren't willing to do that.
Not sure why people consider that its a fait accompli that bond holders will become majority shareholders
Theres a good chance that shares will soon be 20-30 cents, if things go our way, and bond holders receive their payments. Please remember that Mirabella could easily be swallowed up by a bigger player especially if Nickel reaches 20000/t
MBN Price at posting:
1.6¢ Sentiment: None Disclosure: Not Held
