CGE got their capital, so in that sense it was a success from the their point of view, although they've signed up for a crash through or crash strategy. If they don't kick some significant tangible goals before that money runs out, their bridges are well and truly burned.
Either it was a big failure from Patersons' point of view, or their plan all along was to take a large stake at very depressed prices.
Maybe someone with more knowledge of Patersons' track record can shed some light?
CGE got their capital, so in that sense it was a success from...
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