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Timis Corporation Marampa, page-2

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Tombu

625 Posts.

14/10/16

09:27

Post #: 19852625
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Originally posted by gazzat ↑

It seems CFE aren't orphans when it comes to Timis Corp Marampa and defaults on offtake agreements. The following link refers to court action by Gerald Metals. The interesting part is further down the article under the sub heading of Background. Maybe TS can eventually use his friendship with FT to get a small part of the reported $2 billion worth back to CFE and shareholders. Not holding my breath but miracles can happen.

English High Court has no power to grant urgent relief under Arbitration Act

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A good find gazzat. These guys aren't lightweights & should be able to deal to FT.
http://www.gerald.com/
The question needs to be asked why the independent directors of CFE didn't do the necessary due diligence & also insist on guarantees from the Timis Trust.

Last edited by Tombu: 14/10/16

CFE Price at posting: 1.6¢ Sentiment: None Disclosure: Held
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0 Great analysis

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