Could be. What it needs is for CSM to pull one more out of the hat.
However, I believe they could be ok as their share price is increasing while PMM's is falling.
I am not suggesting that Institutions or anyone may play a role in this, of course.
But there have been suspicions that this has happened before in bringing the prices of 2 companies together.
Wait and see,
Gerry
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CSM
cosmo gold limited
+ will csm merge with pmm? could be! +, page-4
Currently unlisted. Proposed listing date: TBA