I have sought information on the fate of Mirabela Nickel (MBN), whose shareholders also suffered a DOCA. Although on a much smaller financial scale, MBN's problems were similar ie debt and low nickel price. The price of nickel has remained too low for a recovery, MBN failed to pay ASX fees and has remained delisted, with the mine under C&M, for 2 years. Posters are still active on HC and hoping for a resurgence. Like our first restructure proposal which was intended to cover running at a loss until late 2019, success of MBN's DOCA also depended on their mine becoming profitable in a similar time frame. That has not happened. Will the parallels continue with PDN if the sp of uranium does not get well over $30?
I have sought information on the fate of Mirabela Nickel (MBN),...
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Last
$7.98 |
Change
-0.195(2.39%) |
Mkt cap ! $2.955B | |||
| Open | High | Low | Value | Volume |
| $8.15 | $8.16 | $7.93 | $6.995M | 873.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 4716 | $7.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.98 | 21 | 1 |
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| Last trade - 12.00pm 28/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |
