I have made a decision. I will go fully weighted CSM
when I get my Woollies buyback proceeds. What I like
are
1) very strong focused management
2) Long mine lives with capacity for expansion.
3) rapidly increasing chromium ore production which
should add to profits.
4) lots more potential ore bodies to be evaluated.
5) Potential to cut costs significantly if they can cut a deal to use BHP railway. (If I read reports correctly using road trains is costing them $25 a ton)
6) High grade high class ore which is sought by companies for blending.
7) High dividend yield and low PE
8) strong balance sheet.
As I see it this company is a stalth bomber: it does not show on the institutions radar.
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CSM
cosmo gold limited
when will it move?, page-5
Currently unlisted. Proposed listing date: TBA
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