The crux is - we want to keep exposure to CSM assets. That is why TTY's 3:1 offer is far superior.
The new TTY will be composed of a large proportion of CSM, so in a way, TTY's share price depends on CSM market cap & TTY bid ratio. CSM SP does not depend on TTY SP & offer ratio.
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- when will the new bid come
CSM
cosmo gold limited
when will the new bid come
Currently unlisted. Proposed listing date: TBA