CSM is an ambitious company. You can see this with their capital raising, their deal with Andrew Forrest, their attempt to t/o TIR, purchases in RDR, their 13% buy in nickel explorer Mithril Resources and now their 8% purchase of PMM.
Portman is cashed up but lacking any clear strategic direction - what to do with the cash?? Is it possible that they might consider a merger with CSM? I think CSM would be very keen.
A takeover by CSM is impossible but a merger would create Australia's largest independent supplier of iron ore, manganese and chromite to the world, including potential nickel operations and a 50% stake in Andrew Forrest's iron ore and infrastructure play Fortescue.
Together PMM & CSM are a mining powerhouse for the future in my opinion.
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cosmo gold limited
csm and pmm - what relationship?, page-2
Currently unlisted. Proposed listing date: TBA
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