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Mirabela Nickel Ltd Ord MRBAF

Metals & Mining Industrial Metals & Minerals
"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

Mirabela Nickel Ltd Ord
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Post by wise_investoron May 15, 2012 1:14am
510 Views
Post# 19908913

Mirabela Nickel seeks $120m to bolster balance she

Mirabela Nickel seeks $120m to bolster balance she

https://www.theaustralian.com.au/business/wall-street-journal/mirabela-nickel-seeks-120m-to-bolster-balance-sheet/story-fnay3vxj-1226356226551

This is the icing on the cake. It looked like everyone expected this to happen with them having problems bringing down their costs and nickel prices coming down. It looks like when everything is said and done, there will be an additional 383M shares outstanding added to their existing 492M currently outstanding shares. Total of 875M shares!

https://www.reuters.com/article/2012/05/15/australia-mirabela-idUSL4E8GF0JL20120515

Mirabela cuts nickel production outlook by 1,000 tonnes

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