in-specie distribution, page-5

Hi Ivory,

can you please explain your sentence:

"Remember CSE holders only have the rights if they exercise them, and its clear to date that there is not the will to do so as I have yet to see a 249 published to challenge things".

Maybe I am being dense but I cant work out what you are trying to say.

I think you are right that a large number of SYR holders are also CSE holders and that an in specie distribution is unlikely unless the top shareholders agitate for it to occur. At this stage this is unlikely as SYR is only just hitting its straps and has significant upside potential from here. Obviously if CSE does not begin to track the SYR price more closely then people will begin to get annoyed and strategies to fix this will be considered. One of these would be an in-specie distribution. An alternative might be for the mineral sands projects to be sold to CSE with the SYR shares cancelled as part consideration? Depends on the value of those projects I guess. All just speculation at thsi stage.