They agree to settle long running Cargo claim for US$35m. I am sure someone else will post the link. Makes recent management selling look even worse as they would have known for certain that the company was looking to settle this thing. Net effect is to diminish NTA by 4.6 cps. Adds fuel to my tank in terms of my determination regarding yesterday's post. Sell and then get all the bad news out there eh. What's next ?
On a brighter note..(goodness don't we need it) Tourism set to continue to boom http://www.nzherald.co.nz/business/n...ectid=11635718