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8.3¢ mirabela nickel limited

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jantimot

30,924 Posts.

174

08/03/16

14:47

Post #: 17217784
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Originally posted by user23 ↑

@jantimot goes on most stock that are in trouble or in VA.......first came on here since mid last year, started to look at the financial and said "MBN doesn't look that bad?", and was gone for 8 months, with the occasional post and probably forgot that these creditors also still own 500M MBN shares (so it was never going to be a fire sale or liquidation as MBN can keep production cost low going by Q2 report and all their announcements).

IMO, this recent announcement is all about that 11M USD that the creditors want, if they don't get it, they can use it as the reason to place in C&M (which I think is a better outcome for the creditor/investor and us share holders in the future but very bad for the region).

But then when they decided that the nickel price reached low of 3.5US/lb and now it seems to be rebounding so it will be interesting what these creditors decided to do if nickel price goes to 4.5US/lb, whether the cost is cheaper to keep production going or do a C&M.

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LOL!! Damned if I post, damned if I don't .....

Yes, I initially got sucked in by one of tomboy's ludicrous headlines, only for the VA to be appointed a few hours later, so I hadn't got around to reading the Q1 financials - and you know what I think they were saying!

MBN Price at posting: 8.3¢ Sentiment: None Disclosure: Not Held
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