If it was to do with kupang resources only , they would not be able to raid cape lambert or perth glory, unless there was a common individual involved and it was that individual suspected of a crime. The fact is a warrant was given to Federal police to raid cape lambert and perth glory.. and it is reported other sage related companies were raided. A search warrant requires police to present just cause to a judge that they have good reason to suspect a crime has been committed. Four organisations are involved here, Federal police, crimes commission, ATO and ASIC so it so it is far from speculation that a peron or perons related to both are being investigated for illegal activites related to tax and company laws. Of course no one has yet been charged with anything and they are innocent unless proven guilty by a court of law, but investors are entitled to consider what impact this is going to have on their investment.
CFE Price at posting:
26.5¢ Sentiment: Hold Disclosure: Held
