vista construction starts end of june, page-3

meanwhile our friends at PSL have come out with a sell recommendation

This is a good development for CPL after its preferred EPC contractor went into administration.

However, we continue to see CPL getting backed into a corner with a growing debt balance and up to $350m to complete the funding of the first stage of the project.

As a result we continue to recommend that catalysts such as the granting of the mining lease be used as selling catalysts. Our price target remains $0.25/share