up 6% on a bloody friday, page-11

corporate file article 12/4/2005 I was just browsing through some articles, I hadn't got around to reading and found this statement from the MD of CSM on Corporatefile.com.au

"Announcing the buy-back does not rule out other potential investments in the short-term. We have no debt and we have significant debt facilities in place if we wanted to make another investment in the short-term. However, I'd like to stress that we won't make another investment within the next 12 to 18 months, unless it is outstanding, because we really want to focus on bedding down Reliance."

That to me says, TIR would only be picked up in total if it was really cheap, which doesn't mean 8, 9 or 10 cents and means unless someone else makes a tilt at TIR it's going south again, call me when it hits 5 cents.

Good luck holders

I could be wrong, but I sold my 1,500,000 today.