CSE copper strike limited

Would this need to change anything in CSE's plans? My...

  1. 247 Posts.
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    Would this need to change anything in CSE's plans? My understanding from recent announcements and meetings indicates:
    - Sell SYR shares this financial year. *Next weeks SYR quarterly may provide the catalyst for a block or series of clock transactions to strategic buyers or funds.
    - Next financial year pay a franked dividend to CSE shareholders, after paying capital gains tax on the SYR shares that were sold
    - Distribute the remaining assets to shareholders. These would have been Jacana shares but it now looks like it will be ASX:STA shares.

    If the process goes like that there will be plenty of $ floating around to contribute to any STA capital raising. Perhaps they STA shares will not be distributed and CSE will retain them with enough cash to contribute to a capital raising...(?). I would prefer things were kept clean and CSE just distributed everything, but the Directors know best.
 
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