MBN 0.00% 8.3¢ mirabela nickel limited

Wasn't a 4.3%up in one day a good news? Yes it is if MBN is not...

  1. 785 Posts.
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    Wasn't a 4.3%up in one day a good news? Yes it is if MBN is not in the liquidation phase. Nickel needs to be up 40% before MBN is liquidated. So there are two factors decide MBN would be dead or not:

    1. Nickel at or above $6
    2. After nickel stays above $6, MBN could not still be sold on fire.

    Liquidators don't care about anything but find a buyer at so called market price, sell based on the conditions set by the creditors. The little shareholders hope liquidators would hold but do you care about it if you are a liquidator? Sell for the creditors and get the commissions for their work for the sale!

    Could a magic happen and the mines hold or sell for the best outcome of the shareholders? Possible but unlikely! Do you bet on the possibility rather than the probability? If you bet on the possibilities in the market, you are a idiot without question.

    Were we idiots before the delisting? Definitely and how about now? If you hope for your winning possibility you are a bloody idiot again. What if you are a idiot in the market always? Go to the hell!
 
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Currently unlisted public company.

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