My estimate based on the mmx ann is CHM get value of 10,000,000 mmx shares =$15 million from Grimaldi
plus about $700,000 from mmx plus court costs say $300,000 (wild guess)= $16 million
With about 1,500,000,000 CHM shares on issue this = just over 1c /CHM share
I don't think CHM have much else?
Not good but not a disaster for CFE - I recall we paid 1.5c/share
This is my interpretation for entertainment only I am happy for others to prove me incorrect
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- has cfe won or lost out of the chm decision
has cfe won or lost out of the chm decision, page-7
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