CSM cosmo gold limited

maybe its all about costs

Currently unlisted. Proposed listing date: TBA
  1. 1,493 Posts.
    I just saw an interesting article about BHP postponing some expansion in South Australia because of cost increases.

    Funny how commodities boom causes inflation, causes commodity producer to suffer growing pains.

    But I post a snippet here because I have a doubt! No. I don't have a dream. I just have a malingering doubt in CSM's ability and or willingness to be upfront with investors. No point putting this to them. Actions speak louder than words I say. And Director's selling shares coincidentally just prior sp. fall is an action that speaks in every language in the world.

    I don't hold any CSM but I am curiously awaiting to hear from CSM, as so far I don't recall seeing where they address the issues of COSTS. Especially when talking about the FUTURE. Which they seem reluctantly drawn into do so.

    Please, anyone, tell me this is not so. But until then I offer this snippet from an article about BHP putting their South Australia project on hold.
    ==========================
    Expansion cost estimates had risen because of higher labour and material prices and greater than predicted equipment and operating expenses, Mr Wheeler added.

    The resources sector has been warning for several months that savagely higher costs are threatening investment in Western Australia.

    end quote
    ===========================
    And I add a question.

    If, in a general sense costs can blow out in SA, what is the multiplying factor for costs in remote WA?

    What a joke CSM is! Don't ya all reckon?

    And has anyone checked if the Director's are still selling? I haven't. I'm just wondering how long it can be Insider trades can take before they are have to be
    made public?

    Sort of like being infected with the HIV virus. You may be infected and not know it. As it can take some time before you can find out.

    And then there is a question. Once a company is infected with a "reluctance" virus, reluctance to keep the market informed, can it ever be trusted? Or is there a cure?


 
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Currently unlisted public company.

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