Talk about astute management - CSM only started acquiring PMM sinced 30 June 2004 (no mention in Annual Report of an investment in PMM, ASX substantial shareholder announcement only since 30 June 2004).
Holding in PMM at less than $1.80 sold at $2.80 and above so some $45 - $50 million profit.
This is 4 times CSM annual profit of 2003.
I like companies with good management. What are they going to do next?????????
Drilling for Nickel must start after the holidays. Nothing priced into share price for the Nickel strategy. How much of the PMM profit was priced in???????
Where will CSM invest next or is it to be a special dividend?
CSM
cosmo gold limited
Talk about astute management - CSM only started acquiring PMM...
Currently unlisted. Proposed listing date: TBA
