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With the political talk around franking I would much prefer the...

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MrCurly

247 Posts.

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22/04/15

16:24

Post #: 15135666
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Originally posted by mainholm ↑

The change of plans I had in mind relate to holding back more capital proceeds from the sale of SYR shares to play in the sand with STA. Eadie's speciality is mineral sands followed by copper, as I understand. CSE have been looking for a 'project' for nearly 2 years now. Maybe they found it with the WA mineral sands project of STA at Coburn. Just a hunch.

Plus I doubted that CSE were going to sell their SYR shares this FY unless there is a large spike in share price following the DFS or something like that. I always felt that CSE would be looking to sell off the shares in FY16 and distribute capital to shareholders in FY17.

Cheers

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With the political talk around franking I would much prefer the transaction happened FY15/16 to reduce risk.

CSE Price at posting: 26.0¢ Sentiment: Hold Disclosure: Held
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