Ok, I found this part in the latest announcement which is very interesting:
The Deputy Premier in his media release dated 3 December 2013 stated: “We made it abundantly clear to all stakeholders on the Cape, including Cape Alumina, that the Statutory Regional Planning process was about protecting existing land uses and, in the case of the Nature Reserve, that meant maintaining the area as an environmental reserve, for all time.” The Queensland Government’s position on the Statutory Regional Planning process, as expressed in the Deputy Premier’s release, was not communicated to MetroCoal at any stage of its due diligence investigations. .
I think the above statement means CBX’s management team should be aware of this is coming while we were doing out due diligence investigations. However they failed to notify our management team about it?
MTE Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held