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  1. #11
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    Quote Originally Posted by steve fleming View Post
    So you don't think CSE at 15c and INE at 5c is good buying?

    They look like reasonably astute low downside / high upside plays to me!

    I don't hold either, but I will follow them to see how they go.
    They may well turn out to be good picks and judging from recent increased turnover, particularly in CSE, it seems some are prepared to follow Sir Ron's lead. But they are only small bets in the scale of his worth and losses wouldn't be much of a concern.

    I made good profits in the early years following Sir Ron's picks but that was in an entirely different investing environment.

  2. #12
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    I think Sir Ronald is looking for a company to take over, and use it as a tax credit base, to start another buy up campaign ? bet plenty willing to jump aboard .. what on earth did GPG achieved by getting him out and then selling shares on a compulsory basis for current price ? if u want to do this sell yourself..where is benefit to shareholder in this forced sell ? what have I missed ?
    Last edited by pluto; 27-08-2011 at 08:15 PM.

  3. #13
    SRV is a God STRAT's Avatar
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    Just noticed this thread thanks to Pluto.

    Just skimmed through the ASX releases for CSE. Steve.

    Looks like part of a script for a movie called "Wall Street 3". perhaps?

    I must confess to being a bit interested
    Last edited by STRAT; 25-08-2011 at 11:20 PM.

  4. #14
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    Quote Originally Posted by STRAT View Post
    Just noticed this thread thanks to Pluto.

    Just skimmed through the ASX releases for CSE. Steve.

    Looks like part of a script for a movie called "Wall Street 3". perhaps?

    I must confess to being a bit interested
    CSE has sold a copper project to KZL for $16m cash & cancellation of KZL's 17.5% stake in them.

    CSE has already said they will return cash back to shareholders around $15m or 14cps

    http://stocknessmonster.com/news-ite...E=ASX&N=359176

    CSE last traded at 16c

  5. #15
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    Default why ?

    GPG ?? that is why force sell at current value's ?
    Last edited by pluto; 29-08-2011 at 09:01 AM.

  6. #16
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    Quote Originally Posted by pluto View Post
    GPG ??
    Why?

    Maybe selling the projects will leaveit as a fairly clean shell, may be his intention who knows, worth watching this space though

  7. #17
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    Maybe there is more to CSE balance sheet than meets the eye.

    Shasta, you are an accountant, maybe CSE has plenty of tax losses for Sir Ron to use.

    I am only saying that since CSE made no relevation of any capital gains tax on the disposal of the copper project.

  8. #18
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    Quote Originally Posted by soulman View Post
    Maybe there is more to CSE balance sheet than meets the eye.

    Shasta, you are an accountant, maybe CSE has plenty of tax losses for Sir Ron to use.

    I am only saying that since CSE made no relevation of any capital gains tax on the disposal of the copper project.
    Ill have a look into that, good point - they would have spent money on the project, & have no income so yeah i'd expect there to be some losses

  9. #19
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    Hmmm - let me get this right - last sale of CSE was 15.5c.
    Buy these now and in 6 weeks or more get 14c refund (for the sale to Kagara Limited (“Kagara”) of CSE’s Einasleigh Project in North Queensland for a cash sum of A$16 million, plus the cancellation of the 22.6 million CSE shares held by Kagara (“the Kagara Offer”).

    Comsec say there are 116m shares listed CSE so cancelling 22.6 million will increase value of existing shares (in theory).

    So net outlay is going to be 1.5c and less if the SP dips any more. It will be interesting to see what the SP does after this "dividend" is paid out - could be an interesting play if you could sell quick enough.
    Chris

  10. #20
    ? steve fleming's Avatar
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    Quote Originally Posted by soulman View Post
    Maybe there is more to CSE balance sheet than meets the eye.

    Shasta, you are an accountant, maybe CSE has plenty of tax losses for Sir Ron to use.

    I am only saying that since CSE made no relevation of any capital gains tax on the disposal of the copper project.

    CSE has $18mil of capatilised exploration expenditure - so it may be that they sell the project for a capital loss.
    Share prices follow earnings....buy EPS growth!!



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