I found the quarterly report a bit disapointing... To me the current price action is not because people realise the potential, it is because of the rumours (especially take over ones) that are circulating... If CSM had announced today that the "Potential Transaction" was another JV or a long term sales contract, I think the price would have plummeted..... (which I was hoping for so I could buy some more!!!
That 2007 eps of 14c is way off too IMO, I personally think its more likely to be around that for the 1/2 year not the full year.... but DYOR on that, I could have stuffed up!!! :)
CSM
cosmo gold limited
you might be intrested in this info, page-6
Currently unlisted. Proposed listing date: TBA
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