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.
CSM Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held