re: i know what happened "No mention of the money being used for general corporate purposes."
There was specific mention of the money being used for 'general corporate purposes' in the CSM announcement.
I suspect it was the primary reason for the placement - to overcome some cashflow problems.
Ironic how they've now restarted the share buyback.
CSM
cosmo gold limited
re: problem ...articles, page-4
Currently unlisted. Proposed listing date: TBA