Mirabela Nickel Ltd Ord MRBAF

Expecting a positive report on the 22nd

[wise_investor]

Quote from September report:

"The Company is targeting full production levels by the end of December 2011

with the completion of the project ramp-up activities."

 

The way it has been trading recently, it looks like everyone is expecting

a positive report.

[bull_man]

wise, full production has been achieved as you indicated, however cash position a little worrisome and the unit cost is going in the wrong direction; they said that 2012's focus will be on cost reduction, so that's good.....let's hope the chinese don't buy us for a song.

[wise_investor]

I agree. Cash on hand and unit cost a little worrisome. The key right now is to focus on getting their unit cost down which they mentioned to be their major priority. The stock is getting hit hard in Australia $1.10A or $1.17 Cdn. I hope the slide stops and starts stabilizing. We can not over look what they have accomplished in terms of production. RBC has a $1.70A target (down from $2

[bull_man]

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