CSD consolidated tin mines limited

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  1. 5,527 Posts.
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    Kickit2me.

    Obviously, we all expect news to be out before the end of the rights issue. At the very least, we should see that the company has ticked the next box by meeting the JORC update as scheduled.

    The rights issue also provides much needed cash to get us to the last stage, which will be well worth it if we ever do get there.

    I've been bullish for ages, but yes, somethings haven't gone to plan. However, if you do look at the progress of this company since last May, I think that you would find it is staggering. Yes, it has been slow and a real roller coaster at times, but in terms of 'investment times', it has actually been very quick.

    I know you'll come back and say it is still unproved, etc... but the fact that we have saved ourselves on construction of a plant and mill, knowing the costs and time blowouts associated with such things, is amazing and I think is the main thing that the market does not understand.

    Why no big investments from anyone else then?
    Perhaps with such a big Chinese investor in play, the other investors are unsure how it will go, and uncertainty is a killer in this macro environment.

    Kickit2me, as I and have already stated, call the company, speak to those in charge and ask any questions you wish to allay your fears, or just wait.

    Of course, as you stated, the company will not give out any 'new' news that could impact on the price without first releasing it to the market, but the openness of the conversation and frank discussions, and possible explanations for certain decisions, might just help you decide for yourself.

    I don't think CSD will be the next SIR, but it will be (hopefully) re-rated as a producer, and that is what I'm looking forward to see.

    CSD also has so many open areas, some of which are company makers by themselves. The open-ended tin deposits and the recently required mines might see this venture last for 30+ years.

    CSD is not a traders delight... It is an investment.

    If you can find another company with better certainties and prospects to CSD on the market, I would be interested to know. I've been searching, yet I have not found one.

    :-)

    Good luck with whatever you decide to do.
 
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