I live in Brazil and know some of the companies involved in this operation. One point for interest, which may be overlooked by the general market is that the Brazilian currency - Real is at an all time high against the US$. Current at R$ 1.60...use to be R$ 3.65 to te US$.
Their operating costs are in R$, so I thing going forward the US$ will strengthen, the company will be selling in US$, and have costs in R$...this is a good setup for the medium term.
Unfortunately I'm in at $ 7.30, but love the prospects of the company. I expect to hold for next 3 - 5 years.
By the way..I have no direct contact with MBN or any other priveleged information. DYOR!
MBN Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
