IMO, the company has been in crisis management since mid Oct ; hence the misleading anns of the 21st Oct, 28th Oct , 31st Oct & 3rd of Dec. Also, IMO, the company likely knew of the half poundage yield as far back as Sept but they were confident then that the $10.5 mil USD DL contract would see them good into 2020 and beyond. This did not exempt them from reporting the poundage shortfall in Sept, IMO. I am surprised that the ASX did not require CLI to give update on the crop & reconfirm forecasts when CLI was placed on the watchlist early Sept. All IMO Only.
CLI Price at posting:
3.1¢ Sentiment: None Disclosure: Held
