Not the preferred release. Would rather that it be receipt of the funds.
Still the money deposited into a joint names eschrow account will certainly put pressure on for a resolution so it is good news but not the best news.
Chasing $80M plus interest, I would put legal costs into that as well.
Still if this is resolved in CFE's favout, then I am sure that we may well see a potential 3 cents divvie. This still leaves $60M to take advantage of distressed opportunities out there which i am sure TS has his eye on.
Also tax has already been paid on this amount given the ATO dispute, so it will be all cash in the company coffers if resolved.
CFE Price at posting:
17.5¢ Sentiment: None Disclosure: Held
