CPL 0.00% 2.2¢ csl finance plc

don't you know??, page-6

  1. 709 Posts.
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    Sympathy to to forge holders (other than the CEO that put them there)

    From Kordamntha

    Mr Mentha emphasised that Forge’s international businesses in South Africa, Asia and the US would operate business as usual pending a sale of those businesses. These operations come under the Taggart and Webb Groups.

    Other than owning the shares in tag art the arm operated independently because it was under earn out- even better it doesn't look like tagart was subsidising forges cash flow.... The bank will surely sell it off quickly (or perhaps even keep it provided it doesn't need capital) perhaps the only asset on the balance sheet...

    For now this shouldn't impact on the project at all....

    All we need is the position clarified before physical construction starts which is some time off.... Don't want to be changing contractors mid construction.... Also we don't know if taggart actually self perform the construction... If not then Chaaa king.... Get lower tier contractors to Finnish construction at much lower prices.

    Good luck to All....

    Also as a note to fge holders- the co should have gone straight into admin on discovery of the losses which I am sure was long before the first announcement...



 
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