it was interesting that the csm board dismissed tty's bid due to insufficient detail such as the dilution expected as a result of a possible share placement to noble etc as consideration for providing $350 million to meet the cash component.
there is equally insufficient detail in gilbertsons offer regarding anticipated dilution as a result of "transactions". or are pallinghurst, amci and co going to fold assets into the new csm for no consideration.
maybe gilbertson will present share holders with a transaction (subject to a yes vote) which we can evaluate.
this week and next will be intersting ahead of the vote.
cheers
CSM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held