MBN 0.00% 8.3¢ mirabela nickel limited

trading halt ???, page-14

  1. 877 Posts.
    Why produce if your product is loss making and need additional capital to actually get the stuff to sell at a loss. I reckon the directors will have been getting legal advice on directors duties....

    I'd be asking norilsk if they wanted security of supply ie step in to cover sales shortfall/ work out a long term arrangement that allows mbn to meet commitments. If answer no then onto care & maintenance, no supply to norilsk and let the debotrs decide whether they want a pittance now or more money when the nickel price recovers and it is actually profitable to mine Santa Rita.

    No easy choices, so why not make a hard one.

    Best wishes to holders. This has been a tough ride to date.
 
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