With the wild fluctuations in the BRL and the Ni price, nobody can say that $11m is more than enough to balance the financials. If he really said that, as reported by (not to) the media, then yes, I do know better than him.
As to whether the money belongs to MBN or not, I don't know. Brasil has a different regime to our GST and I'm not going to try to find out the truth of the matter!
Mine closes, e/ees laid off. Receivers give it a few more months to try to sell it on C&M basis. Then, whether it sells or not, hand it back to the VA, who put it into liquidation.
MBN Price at posting:
8.3¢ Sentiment: None Disclosure: Not Held
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