Yesterday saw CWN get a very useful reprieve from the Victorian Royal commission, they have 2-years to get their house in order which certainly beats having their gaming licence stripped away. The action will hopefully set some degree of precedent for Sydney and Perth which will put CWN back to business but with a small mountain to climb. MM will be re-evaluating our position moving forward especially if we see gains back towards $12 but this should be taken as a positive while we wait of the news from the other 2 states.
MM remains mildly bullish CWN
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