CMR compass resources limited
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where to now ?

  1. errolvdc
    78 Posts.
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    02/07/10
    12:06
    Post #: 6863446
    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.
    CMR Price at posting: 15.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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