CSE copper strike limited

downside and upside

  1. 1,517 Posts.
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    From what I have read on this transaction between SYR and CSE, its a win /win.
    * Copperstrike , having sold Einsleigh to Kagara and received and distributed cash to holders( Kagara now in Administration) at the right time , had to "move on" with a distinct vision and Project of scale and upside .
    * Its relationship with Syrah enabled it to select a "strategic" project ..past "greenfields" , not brownfields ..but multiple high grade Mineral Sands targets that can be readily prioritised and drill tested with modern techniques .
    Fungoni 25 kms south of Dar Es Salaam ( less than Melbourne to Geelong !!!)
    * Success upside for CSE and SYR --WHEN cse has to raise capital , shareholders in SYR ( given their success) are not likely to be slow in cash support .

    A good look at Kenmare in Mozambique ( London and Ireland listed ),
    http://www.kenmareresources.com/media/multimedia-library/comp-overview-video.aspx
    and a further look at Base Resources ( Asx ) suggests to me that this has been "transacted" with a large degree of knowledge,and a large degree of vision ...now the drill bit , good management skills and a slice of luck is needed .
    I think once the first wave of "look at the dilution , get me out of here " is over ---there will be strong buying in a first class prospect .Tanzania/ Mozambique/ Zambia / Ghana / Kenya are all moving strogly forward in mining development .
    JMHO
    CHEERS
 
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