where to now ?

Proposed Variation of Deed of Company Arrangement(DOCA)and inter-related reports now appear on FH Website at :

http://www.ferrierhodgson.com/en/Current%20Matters/Corporate%20Recovery%20Matters/Compass%20Resources%20Limited.aspx

Well done on what appears to be an only slightly better deal. Logic suggests that there will still be life for CMR after 5 July but where to from there ?

Is this shaping up to be a replay of the past with a resolution date extended to 31 October ?

From the recent reports posted it seems that CMR has at least enough cash to pay the Administrator for quite some time to come.