CSM cosmo gold limited

best of tax loss casualties

Currently unlisted. Proposed listing date: TBA
  1. 10,861 Posts.
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    Currently selling coming from:
    1) Instos cleaning out their losers for the end of FY
    2) Retail investors cleaning out to claim tax losses
    3) TIR s'holders accepting bid & then selling their CSM scrip
    Can't see any of this continuing much past tomorrow as 80% of TIR shares are now in CSM's hands.
    Nickel price keeps on advancing & they're selling half of their output at spot prices.
    Directors estimated $85mil trading profit after tax for 06/07FY a couple of months ago based on a nickel price of $US6/lb whereas it's now $US9.50/lb.
    Must be a recovery stock.
 
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Currently unlisted public company.

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