I have very little care of CLE and can't comment on the strategy here, but yes Tony needs to stop this kind of creative accounting, good or bad intentions, it's irresponsible. There's transparency, sneaky as it may be, with Greenland sneaky purchase and CLE, but what can we do about it? I'd like to think CRML would do the same thing should EUR fully divest and EUR struggle in the future. Perhaps even fully acquire struggling companies at cheap prices and assign a new CEO to develop the assets differently.
If I was Tony, I'd spin CLE into a hydrogen-iron ore company... but don't care either way. Personally I prefer to acquire shares than give out loans so it's not a bad turn of events from my perspective.
EUR Price at posting:
10.3¢ Sentiment: Buy Disclosure: Held
