CLE 0.00% 0.1¢ cyclone metals limited

even if you are right Tri2 that they are stalling on the $80...

  1. 500 Posts.
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    even if you are right Tri2 that they are stalling on the $80 mill and I hope they are, that reflects poorly on CFE in that the contract was sloppy enough to allow this to happen. And then we have the self inflicted tax debacle to compound its woes, just makes CFE look like a bunch of amatuers trying to play with the big boys. My take on the article though is that MCC want to clean up the mess, admit that their investments in Australia have been a categorical disaster,and move on...so I dont think they are stalling on the $80mill, Think about it, if you have just owned up to losing $1billAUS of your shareholders money...why would you want to stall on another $80 mill knowing thay you will just cop another whack from your shareholders down the track...doesnt make any sense to me..MCC clearly believe they have a good case.
 
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