CLE 0.00% 0.1¢ cyclone metals limited

mcc $8000000 update, page-6

  1. 428 Posts.
    Hi all,

    I'd have to agree that MCC having being in negotiations for a payment timetable does seem more than a little odd if they feel they weren't liable for the remaining instalment.
    If I was to hazard a guess, MCC may be taking a punt that CFE will not want the time and expense of a trial, and banking on a settlement of less than the 80m. It would be consistent with negotiating then stalling and so on. Who knows? Time will tell I guess.

    Peter
 
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