CSM cosmo gold limited

I had good look at the accounts of CSM and I cannot understand...

Currently unlisted. Proposed listing date: TBA
  1. 92 Posts.
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    I had good look at the accounts of CSM and I cannot understand why the aggressive sell off. The Nickel expansion was signalled in September, including plans for the concentrator. This was always going to require significant investment.

    To me the CSM strategy of being a quality supplier to the carbon steel industry makes sense and nickel will have to be a part of their portfolio.

    I cannot understand why the stock has not rallied with the news of the Mn upgrade and the win for CSM and FMG against BHP. This will allow them to develop the Mindy Mindy deposit.

    I also can't understand why CSM has not been more agressive in effecting a buy back. Do they think it is undervalued or is MK so p*ssed that he wants the departing fundies to bleed.

    As I sit here contemplating my rapidly dwindling holding I am more confused than ever.

 
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Currently unlisted public company.

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