Looks like the buy depth is building - sell depth pretty thin....
a good announcement could move this 20% quickly... MCC have to pay $80 million into escrow acct by Monday 23rd - there may be a chance they try and settle before then for say 50-60 million. this would move the price!
also - ATO have asked to meet CFE again in first week of august - TS thinks this is a good sign and given they have not asked for any payment now 60 days on - they may have an offer to settle. i hope that the offer to just receive payment of MCC owing plus interest (no penalties given interpretation differences) - this would limit cash outflow to approx $20 mill and also we would have prepaid tax for possible MCC settlement.. that is my hope anyway!!!!
with CFE there is also the chance of left field announcements - plenty of small miners (bargains) needing some capital to move towords production - like GSZ.
good luck everyone - i fell we are about at the turning point back towards 50 cent range..
CFE Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
