Thanks for bringing Nic Clift's previous record to our attention, I didn't realise he had a similar experience at Terramin in Algeria, he should have a lot of experience at arbitration by now. At the very least Arbitration should get a result, don't know why they didn't do it to start with? I think from looking at Terramin it seems it took two or three years to make some progress in arbitration, Nic Clift had left by then. Celamin's weakness will be cash, and whether it can hang on. Looks like Lion is in trouble having lost half its fund in a year so they may not be able to support.
Did the CNL Board get it wrong?, page-2
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