rumours of serious financial problems, page-3

What is destorying the share price
is a number of factor
1.Nickel has had a fairly steady descent over the past year from more than $US11 per pound in May 2011, to about $US 7.73 today.
2.rumours of serious financial problems
3.margin calls
4.being trading on speculation
5.share price isn't trading on fundamentals
this is why its felling so much
net debt is $392 million
cash is $41 million in bank
so net debt is $351
Analysts surveyed by Bloomberg have an average share price target for Mirabela of $1.11. Nine of 17 analysts are recommending a buy.
By the numbers 0.52% The average nickel grade for Santa Rita's open cut reserves and resources. Source: Mirabela Nickel