I'm not saying the committed fraud. IMO they breached the ASX...

I'm not saying the committed fraud. IMO they breached the ASX listing rules by tardy reporting causing loss to shareholders:
(a) IMO they should have known that there was a significant biomass deficit by late Sept
(b) That they ought to have known that there was frost damage long before they entered the trading halt ( I bought extra shares post the announcement stating that the DL contract had commenced)
(c) That they likely knew in October that there was catestrophic CBD damage due to frost
(d) That CLI has already admitted to the ASX that no crop was left in the paddock
( if the frost caused a drop in poundage from the forecast 900K Lbs to 407K Lbs then there would be a shipload of evidence in the paddocks.)

IMO, the next set of questions by the ASX will be specifically about poundage and again IMO, this is where CLI will have serious problems
addressing these questions.

I guess their best defence is that they were incompetent.