Why would Tony Sage be participating personally in a rights issue if this is dead. He doesnt personally stand to gain from loan to CHM thats for the benefit of Cape Lambert.
CHM making sure they have the required funds to run appeal process which is about having another of crack at a constructive trust.
They have a statement of fact that agrees that MMX stole money and used it to buy the IO assets.
MMX say oh we never made a profit but then have sold a half interest in project to Mitsubishi for 150 million up front with as some posters say billions to come.
Oh but they havent made a profit ???
On what basis would these funds not be required to be accounted for.
You protest to loud my friend which makes me think you are a little worried.
CHM Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
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