It is unclear why CSE is selling down its only real asset when it has plenty of cash. Perhaps the Board is again speculating SYR price will drop? Wrong. It has gone up.
For many years now CSE has had plans. None have materialised and the only value has been the increase in the value of SYR which the Board continually dilutes.
Perhaps the Board has a solid investment it is pursuing and it will announce this year and that is the reason it using the cash. I am hopeful but not optimistic. I have SYR shares too.
Ann: Partial Sale of Investment in Syrah Resources Limited, page-2
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