Trading Halt - how long before MBN relists?

Hi all,

This is my first foray into a company that has been put into VA and it's been quite an experience and a good learning experience. I don't want to speculate about whether this gets recapitalisation or whether it goes into liquidation. This is all regarding the hypothetical scenario that MBN gets recapitalised. If so, what sort of time-frame before MBN is re-listed?

I looked through the details regarding the VA which occurred 25 Feb 2014 (where MBN appointed Korda Mentha) and this was resolved by 13 May 2014 with a DOCA signed. The drama started in October 2013 when Votorantim terminated the off-take agreement it had with MBN which was one of MBN's two customers and this was due to the adverse nickel market conditions (Nickel was over $6/pound at this stage). Due to the termination MBN defaulted on some of its payment facilities which resulted in MBN needing to restructure, there were many board changes. I don't know when it was suspended from official quotation but I could see it was reinstated to official quotation on 30 June 2014 (it spent roughly 7-8 months suspended!). MBN closed at 2.6 cents in Oct 2013 and got up to 44 cents on 04 July 2014 and fell back to 14-16 cents by 14 July 2014 (PUMP AND DUMP?)

On 19 Dec 2014 the company was again suspended from official quotation and it was reinstated to official quotation on 16 Feb 2015 and this was to allow the company to provide a company and operational update (suspended for 2 months)

MBN has been using trading halts and the suspension from official quotation card to its advantage and has now done it again. It's incredible that there was talk of 15KT of nickel concentrate on hand and yet the company quickly drained its cash. There has been way too much hype on this forum and not enough talk of hard facts. The company has a clear history of liquidity problems. The nickel price, value of REAL are not the only factors that should be considered. What leaves me baffled is where did the 15kt of nickel concentrate go? Was it really stockpiled? Were they unable to sell it?

There are so many questions and not enough information being provided and then this becomes a frenzy of eccentric speculation about what they have stockpiled and how much cash they could have in the bank and how the REAL keeps falling which is great for production costs dropping... The comments following the MBN Q2 Investor Presentation are all very positive thinking MBN is going to soar and yet here we are.

So lets kill the hype train and be more realistic about the future of MBN. So far MBN has been suspended for 2 months as it was suspended on 27 Aug 2015.

On another note Pioneer Group became a substantial holder on 5 July 2014 which was shortly after it was reinstated after being suspended for 7-8 months and is part of the volume that drove the price of MBN up significantly. To me it looks like MBN is indeed as another poster put it... like a roulette table, will it be black or will it be red, will it be even or odds or how about we bet it will be even and black!? How much can we stand to make on this gamble?..

I'm a holder and I want to know if I can take my bet off the table at some stage or if I have bet on the wrong box on the table. Let's not get too eccentric now and keep it civil.