BT I see your point on Sulphides but if we look at the Oxides only seems to me the game is up. They have only the Cu circuit running and on its own its not enough especially at present Cu prices. The Co (which was supposed to be first cab off the rank) has obvious problems - and these are not surprising as I heard that their process was not proven - not even in the lab ! If this is the situation there seems no hope of keeping the show running and therefore it must be shut down on Care and Maintenance or other wise wound up..
However the creditors presumably will still want payment but they stand in the queue behind HNC now that it has been established their $10M debt has been secured and R&M managed by E.Y. but since HNC have already acquired 50% of CMR and paid $73M for it it doesn't seem logical to enforce repayment of the $10 M. So it seems to me this puts FH in a check mate ! ???? What a conundrum ! Westmoon
CMR Price at posting:
15.0¢ Sentiment: None Disclosure: Held
