Some good news., page-663

This was Posted by Megagem on another Thread Recently. Thanks Megagem.

Version:1.0 StartHTML:000000241 EndHTML:000138650 StartFragment:000137344 EndFragment:000138524 StartSelection:000137344 EndSelection:000138524 SourceURL:https://hotcopper.com.au/threads/seeking-clarification-just-a-thought.3817317/ MIRABELA NICKEL LIMITED (ASX:MBN) - Seeking Clarification - just a thought, page-1 | HotCopper Forum

1. "Expectation is that business be closed later this year (Photo: Divulgação)
   
   Reacts warming hope in the regional economy. Reliable sources have informed GIRO that Mirabela Mineradora, based in Itagibá, is being disputed by three groups of investors. Our report kept in touch with the financial director of Mirabela, Milson Mundim, who confirmed the negotiation: "Yes, there is an open sale process and there are interested groups." Milson also said that the expectation of completion of the business may occur later this year. "It's not immediate because of the complexity of the transaction," he said. Despite the confirmations, there is still no scheduled date for the resumption of operation at the mine. This depends on many factors and what reopening plan the new owners will choose. Of course, it is that until December the deal can be concluded. Mirabela stopped production of nickel sulphide in May last year, and since then, only the administrative part operates. The interruption in operating activities occurred due to the low market value in the market. In the last two years more than one thousand workers (direct and indirect) were exempted. (Giro Ipiaú)"

"There is an Open Sale Process and there are interested Groups." An Open Sale means open for
bidding. Now 3 groups of investors are interested, if they are the bidders, then they will compete
with themselves. They have to outbid each other. They cannot just shaft each others out as anyone
of them can buy the Mine more than the Debt. Remember, the real Value of MBN starts in 2020
onwards, there is no denying that EV Cars will take off exponentially from 2020 and by 2025. It will
dominate the Transport Industry including EV Trucks. It was a stalemate till now, see what happens
this December if this article says what it says.

1. ." Milson also said that the expectation of completion of the business may occur later this year. "It's not immediate because of the complexity of the transaction," he said.