MBN 0.00% 8.3¢ mirabela nickel limited

Re: "...that $25M USD from Norilsk.......if true, even more...

  1. 652 Posts.
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    Re: "...that $25M USD from Norilsk.......if true, even more dodgyness."

    Yes, it is true. It's on public record.

    Refer: Page 49 of this 58 page document ...

    Link: https://www.asx.com.au/asxpdf/20160615/pdf/437xcgjn8gg7xq.pdf

    Note 12 (c) Settlement proceeds
    "US$25.000 million of sundry income relates to the cash settlement received from Norilsk
    Nickel in relation to a breach of contract."



    It's more proof that MBN did not need to be liquidated and the pathetic irresponsibility of four of our (???) Directors resigning within a week of each other while this settlement was being negotiated.

    Even without the benefit of hindsight and current PoN, REAL etc., this is more proof that MBN should have instead been put into C & M and have commenced operations long before now (just as PAN have announced today for their Australian Savanah refer: https://hotcopper.com.au/threads/ann-savannah-project-restarting-fully-funded.4307037/#post-34373355)


    Norilsk Settlement.jpg
    Last edited by Lucky Phil: 16/07/18
 
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