if you do not accept offer, page-7

I sold my remaining 1000 shares on market on Monday after I saw they had hit 88.8% mainly because of something that they said which was that if they hit 90% they may or may not decide to go for compulsory aquisition. I decided that a company holding almost 90% of another would mean very little interest in the market for the remaining 10% of shares, and that with the way the market had been, there was a real risk of the price dropping after the deadline if they didn't make the 90% or if they decided not to go for compulsory aquisition.

Was a tough call as If I'd managed to hold till 20th Feb (even if the compulsory aquisition went through I doubt I'd be able to keep them that long) I'd have hit the 12 months CGT discount. In the end I decided I'd have more to lose by holding, than I stood to have to pay extra in tax.

I had a price target of about $6.00 for CSM, but now that palmary looks set to get full control, I doubt we will ever know just how profitable CSM really becomes.

Still can't complain, I made 126% profit on those remaining shares :)

Tony.