I've been looking at the tsx listing of MBN in Canada "MNB" and have noted the share price remaining around $C1.05 which equals about $aus1.30 over the last few days I can only draw some interesting observations of this! 1st/ a new issue at about $C1.00 @ 120 million shares which would give the desired $us80 million needed. 2nd/ price is being held up here in Australian to urge investors to stump up the cash in Canada. 3rd/ its cheaper to buy shares in Canada at the Moment! 4th/ Ni price still falling but expected to rebound? and stock piles in LME still rising.
Have also been looking at the LSE stock TALV recommend a look note the similiar output mine type share capital etc but market capitalisation is $AUS 1 billion. MBN is currently $aus 200 million or 1/5. So plenty of room for upside. Note Changed Sentiment to Hold
MBN Price at posting:
$1.49 Sentiment: Hold Disclosure: Held