the other part of the rumour is that the deal is likely to surface "after the Australia Day weekend on Jan 29"
Read on
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"The simmering speculation resurfaced yesterday with teh talk that an offer - either for the companyas a whole or it's big but inconsistent manganese division - could be unveiled after the Australia Day weekend on Jan 29 when CSM is due to release Decembers 1/4 report."
Well that isn't long to wait.
CSM
cosmo gold limited
big takeover rumour in wa news, page-6
Currently unlisted. Proposed listing date: TBA