CXU 6.45% 3.3¢ cauldron energy limited

FEL prospectus..“The Company’s wholly owned subsidiary, Dempsey...

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    FEL prospectus..“The Company’s wholly owned subsidiary, Dempsey Resources Pty Ltd (Dempsey), has agreed to provide the ATO with security over 100% of its shareholding in Cauldron Energy Ltd (35,470,036 shares) and approximately 82.7% of its shareholding in Fe Limited (120,848,635 shares).'The ATO has since permitted Dempsey to sell down its interest in CXU, with the proceeds of any sale to be contributed towards repayment of the outstanding amount.”

    This is why the share price is falling so much lately. Makes CXU sound too expensive at current 3c. Waiting for a better price between 1.5c-2.5c after reading this.
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