Australia's largest stock trading and investment forum Australia's #1 stock forum

CSE

Click for more information

0.00%

7.5¢ copper strike limited

Me too I have been in since day 1 with CSE , and am still...

First 17 Last

Share
Profile

Follow
Pedro14

687 Posts.

29

15/09/20

17:19

Post #: 47361112
Share

Originally posted by Jalugera: ↑

Thanks for your analysis Pedro.
I have been a long time holder of shares in CSE mainly to have an arbitrage play in SYR. Usually 20%+ discount.
I bought CSE some 5 years ago at 31 cents, saw them grow to 50 cents and plummet.
Difficult to sell CSE as volumes are always low: between 0 and 50,000 per day and usually 0. I always thought SYR would recover. Still hope so.
As you say currently currently 106,844,810 CSE shares own 9,141,369 SYR shares. You need 11,7 CSE shares to own 1 SYR share.
Earlier this month I was able to sell 388,000 CSE at 4.8 cents crystalising a $100k loss and spent most of proceed to buy 40,000 SYR at 40.5 cents.
You could point out that CSE has since been at 6 cents but, I think, my volumes might have changed that. CSE volumes are up but not high,
My hope is SYR grows 5 fold and I recover my losses. Even make a profit.
With CSE, as you point out, it is 4 cents SYR and 2 cents other. I have gone nearly all in SYR. I still hold 200,000 CSE.

Overall CSE/SYR has been a significant disappointment over many years but I am still hopeful!

Expand

Me too I have been in since day 1 with CSE , and am still hopeful that SYR will provide the goods via BAM
Good luck

CSE Price at posting: 5.8¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

STN

Saturn’s stars have aligned for the gold explorer’s Apollo Project

ITM

Fast-track assaying yields 182 g/t gold for iTech at new NT play

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

TVN

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

RHI

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Climate change to drive market trends to the moon

LLL

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

KGL

KGL sniffs 19% Cu from drilling at Rockface play in NT

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

There are more pages in this discussion • 7 more messages in this thread...

First 17 Last

Add CSE (ASX) to my watchlist