compulsory acquire rem

Yesterday announcement CSM had 86% and offered a short extention to 18 March but no dividend entitlement.

CSM also said no more acquisitions as focus is bed down REM and double production over next year or so.

Favourable market reaction to this morning's announcement by CSM that it comfortably over 90% and could now compulsorily acquire REM.

Obviously not much can be said re how good a target is until you have them in the bag. CSM is already a very good company but using the cashflow from doubling production on intensive exploration with a good find could remake CSM into an excellent mining house.