I reckon it would have to be...
I honestly cant see that Territory is in a real position to make a superior offer....increase cash and theres more debt....increase scrip and, well, there is more scrip (plus the ownership issues....ie reverse takeover of TTY....AND most people couldnt confidently value TTY's scrip anyway).........sooooo 3rd party steps in now so it is between them and Gilbo
For me personally I needed at least 10000 shares for me to bother hanging on, not enough leverage otherwise (and Im not game to delve into CFD's in this climate). I had to sell something due to overcommiting myself on other stocks....sold out a smidge too early it seems....
In the long run this has many more legs and I would love to re-enter at some point and take a decent position when I do....
BTW even with its small nickel production CSM is one of 18 nickel companies worldwide (85% of suppply) that members of the Nickel Institute......one would think they aim to be a big player in nickel
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CSM
cosmo gold limited
now 3.93, page-5
Currently unlisted. Proposed listing date: TBA
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