I hope that sometime soo we get to see some analysis of today's judgement and what that means for both CHM and MMX.
I CANNOT BELIEVE some of the rubbish that has been posted by MMX followers/CHM shorters. IF ILP were anticipating a payout below $20 mill they would not have fought so vigourously against getting $9 MILLION as an early termination fee.
If CHM had been expecting below $20 mill they would not have terminated their agreement with ILP and had to stump up $9 million!!
The only doubt i have is with CFE's involvement......they are in a win/win with the judgement because if CHM wins a significant amount CFE gets part of the spoils - if CHM gets stuff all - CFE has charge over their other iron ore assets and picks them up for a few million bucks.....
I have not got a clue what the payout will be but i would be very, very, very surprised if CHM didn't end up with net proceeds of at least $20 million given the actions of those involved recently. MY thoughts only!
I am expecting a series of ill informed and stupid responses from a couple of MMX diehards....
- Forums
- ASX - By Stock
- chm court case
I hope that sometime soo we get to see some analysis of today's...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CHM (ASX) to my watchlist
The Watchlist
NXD
NEXTED GROUP LIMITED
Nick Poll, Managing Director
Nick Poll
Managing Director
SPONSORED BY The Market Online