My view is this is negative. Unless the manganese price has moved up, CSM is a problem.
Issuing more TTY shares is dilutive.
Why would you take over something like CSM when TTY could try for WPG (perfect fit).
I am glad I sold most of my TTY holding at $1.36. (nice 350% plus CGT discount).
TFE
territory iron limited
tty announcement , page-24
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