someone explain it to me! CSM, now have 19.81% so they can't buy anymore without breaching the 20% level and triggering the requirement for a takeover offer, but the MD has stated twice in the last few days that he has no intention of doing so!
Therefore, by my process of elimination no-one would buy this until CSM change their minds. Surely no-one else is going to buy this stock while CSM has a very commanding blocking stake. TIR is not likely to pay a dividend in our lifetime, therefore holding it and waiting for CSM is fruitless.
Sell and pick them up at 5 cents in a few weeks, when they crash with everything else - ASX 200 to 3600.
We are only half way through the third wave of a 5 wave bear run, so quality stocks are the only thing you'd even contemplate right?
TIR
titan resources limited
someone explain it to me! CSM, now have 19.81% so they can't buy...
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