I've made contact with CSE and they are taking a longterm view...

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Nitrox

1,479 Posts.

21/03/17

22:26

Post #: 23525799
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Originally posted by tobyjack ↑

CSE is an interesting "beast".

Apart from the 11 mil shares it holds in SYR, and the shares in STA, it doesn't do much, lol.

I've been wondering for a while now, whether or not they could make a move on SYR - particularly with the sudden departure/removal (was it really amicable?) of TK from SYR - TK holds some 14.6 mil shares, Harry Hatch held around 4.4 mil SYR shares and Mark Hanlon's Buprestid 1.9 mil SYR shares (all according to 2015 annual report) - all together that's around 32 mil SYR shares - near enough to 14%. Wouldn't take much more to gain another 5% odd to get a couple of seats on the board - could be a couple of disgruntled insto's watching their SYR investment going down/not happy with current management tossing their s/h into the mix, or a bit more buying during recent lows - even by shorting - by one or more of the holders?

Harry Hatch was a seed investor in SYR and previously held around 10.6 m SYR shares.

A bit of a wild theory all just IMHO, but you never know!

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I've made contact with CSE and they are taking a longterm view with the 11m shares. I asked about the other investments but the response was (IMO) very flat.
I was happy to enter last week and see an easy 50% here as production nears.
Low overheads are keeping dilution low.

CSE Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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