I thought they'd repaid $90mil of FMF debt to CBA already , with another $150mil due at the end of this month. It will be interesting to see if they meet the deadline or get an extension. There's also that $30mil Townsville terminal sale to CEC which is supposed to be finalised next month. Delayed settlements seem to be the main problem facing CIY and CPK. Having cash in the pipeline is all well and good but it's better to have it in the companies coffers instead. CIY is still a VERY speculative buy with many hurdles to come.....
CIY Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held
