MBN 0.00% 8.3¢ mirabela nickel limited

The Major Creditors are holding on. For one the mine ia already...

  1. 2,496 Posts.
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    The Major Creditors are holding on. For
    one the mine ia already in C & M. Its not
    incurring much cash flow.

    They will sell this mine once Nickel
    eventually rises which is inevitable.
    They are shareholdets and so are we.
    They of all owns
    most of the shares, they will hang on
    for as long as it take. At 1.5 million a
    quarter cash burn maintaining C & M
    . 3 years will only cost them 18 million.
    By then PON wont be this low as most
    Producers would be bancrupt by then if
    it is. Our shares and their shares are still
    in the registry. Nothing has changed.
    Think of it as our money locked in time deposit. We could come out a winner in
    2 years time. JMO.
 
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