Are PAN and MBN the same market animals? Definitely not. MBN is quite special and dreadful. MBN is still in default.
Do you know what is the business default? If you don't know its definition, let me reprint its definition here: Default is the failure to pay interest or principal on a loan or security when due. Default occurs when a debtor is unable to meet the legal obligation of debt repayment.
1. MBN directors resigned or relinquished their duties.
2. Secured creditors have assigned their administrators and liquidators to take over the mines
3. MBN closed its office and was delisted
4. Liquidators believed no money would be left for its shareholders.
5. If $5.5 nickel was a tip point for MBN collapse, it would be impossible for mining in profit when nickle below $6
6. If mining could not be profit, MBN would be in default unless it is sold on fire.
7. If MBN is in default, it would be quite sure no hope for MBN at all!
Do you see the similar pattern for PAN? If not how dare you could predict MBN based on what would happen to PAN? Would the higher nickel price get more nickel into the market, which would get a new tip point to the nickel producers?
Are you a people? How many people do you know? Could you get the same things as others? If not how dare you claim MBN would get the same as PAN when nickel rises up? Self-cheating at least, it is all you are doing! How long have you been doing so? 2 years, 3 years, or 4 years?
MBN Price at posting:
8.3¢ Sentiment: Hold Disclosure: Held
