+ will csm merge with pmm? could be! +, page-6

Chinkiat,

Thanks for that. Good tactics on CSM's part:

There has been talk about a merger and PMM's price would have had some premium.

It was almost impossible for CSM to catch up with PMM's price unless they came out with another initiative.

Cutting back their stake in PMM gives the impression that CSM is not anymore interested.

Because of that, PMM's price is falling.

At the same time, CSM's price rose first because of its latest expansion. Now it collects a profit from selling that stake and I expect the CSM's price to rise further.

So, the two could still meet at a certain price level.

Actually, CSM only dropped 3.4 mill shares, just enough to give a hint they may sell more.

But will they? Anyway, if that theory falls down, at least they still got that blocking stake.

My impression is that CSM will develop into a Mining House and coal could have a place in it,

I also think that CSM have the ability to do profitable corporate deals given time.

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.