CSM cosmo gold limited

This a communication between the Vote No website and management....

Currently unlisted. Proposed listing date: TBA
  1. 1,085 Posts.
    This a communication between the Vote No website and management. WHAT DO YOU THINK??

    Management's letter
    "f) You claim that we hold 20 million tons of manganese worth
    $3 billion. This is incorrect. As noted in our December 2006 Quarterly
    activities report, our Manganese resources measured 15.8 million tonnes
    as at 31 December 2006."

    My reply to management.
    "Well David, you had better start by reading the attached file, so that you can clearly understand the meanings of Resources and Reserves etc, then we can argue further.
    My claim of 20 million tons whilst not an exact statement, does reflect the verified and probable resources and reserves at Woodie Woodie. I expect that by the time you prove up the Canyon discovery, Topvar and the extension beneath Rhodes pit, then the figure of 20 million tons will be seen as a underestimation.

    What do you want to do "screw" the shareholders so badly that we can't even think about a little exploration upside. As the Asian saying goes " leave a little meat on the bone to keep the dog happy".
    No, I don't think that it is necessary to change the website on manganese.
    Regards"
 
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