re: + + csm and pmm + + CSM and PMMArising from my previous...

re: + + csm and pmm + + CSM and PMM

Arising from my previous post, let us briefly refer to:

1. CSM- Consolidated Minerals Ltd.
Website: http://www.consminerals.com.au/
Shares: 182.3 mill; 9.94 mill conv Notes. Current price: $2.12. NPAT: $25.1 mill and brokers are forecasting $51.3 mill for the current year.

2. PMM-Portman Ltd.
Website: http://www1.portman.com.au/
Shares: 175.5 mill; 5.3 mill options. Current price $ 2.43. Profit in 1st half year to June 30: $17.8 mill.
Open Briefing: http://stocknessmonster.com/news-item?S=PMM&E=ASX&N=268480


3. CHARTS:
CSM: http://bigcharts.marketwatch.com/javachart/javachart.asp?symb=au%3Acsm&time=&freq=

PMM: http://bigcharts.marketwatch.com/javachart/javachart.asp?symb=au%3APMM&time=&freq=

When comparing these charts, one can see that both trends are running virtually parallell.

Remarks: CSM has taken a stake of 14.8% in PMM.

If there is a merger or takeover, then the resulting product will be a Mining House.

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.