Australia Post’s restatements under Ahmed Fahour cloud view of operating businesses – The Australian Financial Review

As Christine Holgate does her due diligence ahead of taking the reins from Ahmed Fahour as chief executive of Australia Post she will discover a confusing mess of segment performance numbers in the organisation’s annual reports. Analysis of the accounts undertaken exclusively for Chanticleer show that since Fahour took over as CEO in 2011, the letters…

BRIEF-Pele mountain provides business update on co’s capital restructuring – Reuters

Pele Mountain Resources Inc * Pele mountain provides business update * Provided business update on co’s capital restructuring, its decision to proceed with non-binding LOI announced on June 1 * Engaged with significant creditors regarding capital restructuring, potential ‘equity for debt’ conversion; got supportive responses * Expects to enter definitive agreement with Enirgi Group, provide…