CLE 0.00% 0.1¢ cyclone metals limited

JargFrom the half year report extract as follows:'If the Company...

  1. 262 Posts.
    Jarg

    From the half year report extract as follows:

    'If the Company is successful in receiving the remaining $80,000,000 of sale proceeds from MCC pursuant to the MCC
    sale agreement, the occurrence of which is contingent on various events transpiring prior to 6 August 2010, this would
    trigger an obligation of the Company to pay an additional $7,600,000 in contingent commission fees on the sale.'

    Given 6 August has past would expect an update soon, I am going to shoot the company an email and ask anyways.

    Cheers
 
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