CLE
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0.00% 0.1¢ cyclone metals limited

possible scenario.CHM pay off IPL Debt. Now CFE #1 debt holder...

  1. broomy
    57 Posts.
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    01/09/10
    15:31
    Post #: 7143543
    possible scenario.

    CHM pay off IPL Debt. Now CFE #1 debt holder with $6.5m credit facility.

    After Paying IPL. CHM doesnt have enough cash to pay CFE back.
    Assets
    CFE put CHM into receivership & appoint Receiver. CFE buy everything from receivers at discounted price own 100% CHM & therefore eligible 100% of MMX payout.

    Any lawyers out there that can vouch for this possibility. Similar to how copper Co was brought.
    CFE Price at posting: 35.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 9  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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