The fallout of resource stocks might give gilbo some confidence for its cash offer. The fast following of TTY shares make the $3.30 offer more and more attractive. At todays price, TTY/MK's offer is only 5c more than Gilbo. If TTY fall below 86c, Gilbo's offer is surely better.
Well, this is not I want to argue about. My point is still the same, TTY's share price is inflated by MK. It not is worth it. MK only agree to buy TTY at 50c, why it is valued at $1? If so, MK actually take the advantage of his follow TTY shareholders. He has done it with URA, now it is TTY's turn.
Anyway, under current condition, I believe holding CSM is a bit risky at $3.6. I am more comfortable to hold it at $3.4.
CSM
cosmo gold limited
gilbo might calculate right
Currently unlisted. Proposed listing date: TBA
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