this all boils down to cfe having to make a FULL DISCLOSURE to the market of the details of the novation Deed
and what was expected of CFE to enable MCC to get all its permits......if any such conditions exist in either the sale agreement to MCC or in the Novation DEED with the parent company
as the $80 mill payment is considered as deferred asset of the company ...cfe should be required to disclose when MCC gained permits or if they did not and for what reasons......
this smacks of a lack of disclosure to the market on the part of cfe....
MCC does not have this obligation....cfe does to its shareholders and must report all the facts in full to the market......
this is having an affect on the share price so it is relevant and required for CFE to make a full disclosure of all the issues..... whether this is before the courts or not ..it has always been the responsibility of CFE to keep the market FULLY INFORMED...not partially informed......
CFE Price at posting:
49.0¢ Sentiment: LT Buy Disclosure: Held
