CSE 0.00% 7.5¢ copper strike limited

Interesting addition to the register, page-8

  1. 247 Posts.
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    Hi Mainholm, I believe Keybridge want to gain control of the company.
    It is a very clear situation of a company trading below NAV where the asset (SYR shares) is a liquid stock with outstanding prospects. They have taken control of companies with less clear value in the past, in fact I believe Keybridge itself was an undervalued situation that Mr Bolton and his team took control over and have been extracting the value from ever since. They are on my watchlist to possibly buy into as I admire what they do.
    But, it will not be eady for them to get control of CSE. It is a lumpy register full of SYR investors.
    If they can offer a premium to NAV, based on having a large block strategic buyer lined up, then things might change but at the moment it seems a go slow accumulation of a good investment that may or may not reach the point of control.
    Cheers
 
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