No its terrible - it means there is no legal precedence for CFE's appeal against MCC's refusal to pay CFE $80m. Last hope is arbitration but its hard to see what legal obligation MCC have to conform with the Arbitrator - normally I thought you went to arbitration before going to court, not after losing an appeal. Your sentiment is buy - a bold move.
If I was MCC there's no way I'd be paying CFE for the junk out at Cape Lambert - they certainly got skinned on the deal.
Chickens coming home to roost for CFE.
Ann: Update on MCC Action , page-3
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Last
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Change
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Mkt cap ! $12.73M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.2¢ | 0.1¢ | $80.35K | 80.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 31658116 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 115578703 | 44 |
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