CSM cosmo gold limited

Article in todays Saturday Western Australia contracdicts...

Currently unlisted. Proposed listing date: TBA
  1. 722 Posts.
    Article in todays Saturday Western Australia contracdicts itself.
    quote"Giberston has grand plans to shore up big. Trio set out vision to transform ConsMin into giant miner"
    quote"They sense that this is a transformational opportunity for the company he said" "If we get it right and deliver what we think can, the share price will do very well and the group will grow to become one of the important players in the industry.
    Mr Gibertson said the alternative was to watch a cash strapped consmin wither on the vine due to its limited access to capital and over-reliance on cash flow from its inconsistent WA nickel and manganese mines.
    Mr Gilbertson said the manganese market was especially attractive. I have a real hang up on manganese- I think there's many important opportunities at the moment for consolidation. My professional judgement is that we can increase the importance of consmin in the global manganese industry in a relatively short time.
    Mr Gilbertson said Pallinghurst had already identified a number of opportunities while Mr Mende added that AMCI had quietly assembled a number of assets in the Kalahari region.
    Mr Gilbertson said he believed the Kambalda nickel fields were also ripe for consolidation."

    So if they can see the opportunities with consmin why wont the present management of consmin. Its becomming a very clear case of management who dont give a peanut because they are earning good salary packages and somebody who has a vision to buy a company for peanuts and make a quick profit in a very short space of time on the back of shareholders of consmin.
    The article was well written clearly but indirectly saying how useless this management of consmin is.
 
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Currently unlisted public company.

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