Evening All, If anything good came from our meeting it was: -...

Evening All,

If anything good came from our meeting it was:
- The time we were afforded;
- Concurrence that this matter does smell rotten yet we still need factual support of any alleged foul play;
- The case file remains open and awaits our input;
- We have strong guidance to find any Director's lack of communication and to otherwise ignore the sale process.

IE Mattydew's on the money:
- There is no price yet for the assets, let alone a sale and nor will there be until the money is in the bank;
- And even if there is a sale, it will be by the book, there will be nothing untoward and it will be difficult to prove otherwise.
- In essence move on, deal with the facts we have at hand and concentrate on events in the period when listed.

Accordingly, we have to been directed to "articulate (if we can) what Directors and Management should have done and informed the market about" but didn't (if at all):

So FIRSTLY:

MBN didn't tell us a lot in 2015 aside from audited 2014 Financials, unaudited 2015 Q1 Financials, several operational updates and a few minor operational issues otherwise being dealt with:
- The strength of any case will lie in anything that we can find by going through Ferrier Hodgson's 106 page Report issued on 29 March 2016 and Pursuant to Section 439A of the Corporations Act and looking for any clue - nothing will be stated in this as a no brainer - as to what was really occurring compared to:
- what we were told, and legally more importantly;
- what was known and we were not told.

Refer: https://www.ferrierhodgson.com/au/-...ers/mirabela-nickel-ltd/mbn--s439a-report.pdf

We'll attempt to find some time to do this - and if others here can do the same and at least identify and raise any objective doubts about the failure of MBN Management to inform us of - while trading - then this will be appreciated.

And yes, any information from persons directly within the former MBN would make this task much easier. Further, any analysts reports and press releases DURING this time would add significant weight as well.

Then SECONDLY - if convincing to a QC - a closed class action can be fully funded, commenced and won and but only if:
- Failure to inform and related cause of loss can be demonstrated;
- There are shareholders with >= 10% of shares held (IE 100 mill shares) that can be attracted to support such an action (to in turn support any funder's commission - make it worth their while).

We've been knocked down and there's still a small hope we can get back up again - we just have the channel any remaining emotion into action: mine included.

Regards and GLTA, LP