Anyone who is aware of the history of Copper Strike will have a wry smile at todays announcement
- CSE spin off Syrah Resources IPO with TK the main supporting broker.
- Syrah buys Jacana Resources, of which TK is a major shareholder.
- Syrah discovers Balama, one of the Jacana's projects, creating considerable wealth for everyone at CSE/SYR/Jacana. TK a major proponent in creating market awareness of Balama = share price gains for Syrah.
- CSE sell off all other assets other than SYR holding, directors do nothing but sit and watch. A great investment they say.
- CSE's gamble in SYR goes sour as Balama hits a pothole.
- CSE directors step aside and in comes TK.
I think if CSE had more liquidity, it might have had a strong up day.
Cheers
Gosouth
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