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Sorry, I do not understand your logic, if BHP did not takeover WMC their shares would be worth $30 what a croc, if the mining boom did not continue they still might be worth $6.oo, do you realy know what you are talking about!! at any given time the market determines what a share is worth and there are no ifs or buts as that is now history, so like the offers for CSM the market will determine this not you . My opinion is for whats it worth is hold CCM and acumulate as per Huntly's recommendation, further for what its worth I would prefer a TTY result, for me I am a buyer of CSM as holders of this stock are on a win win position.
Get logical and understand markets.