CSM cosmo gold limited

exposure to resources in emerging nations, page-3

Currently unlisted. Proposed listing date: TBA
  1. 3,698 Posts.


    How can I be ramping the stock....

    Please check out the website for your self.
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    http://www2.shawstockbroking.com.au/egoli/egoliNewsViewsPage.asp?PageID={785D015F-6371-47FC-B42B-92304023EB16}

    Consolidated Minerals Limited (CSM) today said it was teaming up with Pallinghurst Resources Fund LP and AMCI to create a new mid-tier mining company to compete in the Australian and international resources sector. The new company would be 60%-owned by an investment vehicle of Pallinghurst Resources and AMCI and 40% by existing Consolidated Minerals shareholders. CSM said the transaction would accelerate delivery of its production targets and project pipeline. Under the proposal, CSM shareholders would receive $1.38 cash per share as well as scrip in the new company. The company said the cash and scrip offer is a significant premium to the price of Consolidated Minerals shares prior to market speculation it was in discussions with a third party with respect to a potential transaction. This values the company at an enterprise value of $625 million. The new company would continue to be named Consolidated Minerals Limited and will be headquartered in Perth.


 
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Currently unlisted public company.

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