Acquisition17 Feb 2015 13:55
I read the RNS this morning, and have just been looking through CGM's website.
I appreciate the cross-ownership point, but get the impression it's more likely to be the only viable means of CGM achieving the further funding it requires? Quite significant further investment needed, and the company delisted in 2011. No idea of the prospects for a clinker factory in Mozambique, but instinctively it just seems a distraction from their primary business. AMBR will go from strong net cash position to big liabilities, CGM's loan appears to mature later this year, and the repayments will commence.