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Mirabela Nickel Ltd Ord MRBAF

"Mirabela Nickel Ltd is a Brazilian nickel producer engaged in the exploration, mining, production and sale of nickel concentrate. The Company's principal asset is the Santa Rita nickel sulphide deposit in the Bahia State, Brazil."


GREY:MRBAF - Post by User

Comment by bull_manon Jan 23, 2012 8:38pm
314 Views
Post# 19439451

RE: RE: RE: Expecting a positive report on the 22n

RE: RE: RE: Expecting a positive report on the 22n

hard to believe that just a few short years ago, we were trading in the $7 range; now we are struggling to stay above a buck......yes unfortunately the mine was being constructed during what most people called the biggest downturn in the global economy since the great depression, giving rise to the massive share dilution and debt, however, management has not done their job on the cost reduction side of things, something that IS within their control.......how could unit costs go up, when production is at record levels? just when analysts were starting to get cozy to the mirabela story...........no excuse.

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