CSD 0.00% 12.5¢ consolidated tin mines limited

After nothing yesterday, there's another 200k up for sale at 4.7...

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    After nothing yesterday, there's another 200k up for sale at 4.7 cents, which is damn cheap if you think about it. At 4.7 cents, the plant that Snow Peak originally bought is now selling for $27 million.

    That's $27 million for the following:
    A plant worth of over $100 million (replacement cost).
    Leases bought for approximately $20 million a few years back.
    Working mines and plant that are cash-flow positive (regardless of the recent fall in commodities).
    An exploration program worth $20 million.


    And further to the above, remember the following:
    Institutions paid 10 cents (including Snow Peak).
    Ralph and co paid 7 cents.
    Other shareholders paid 5 cents a few years back.
    Raven bought a stack from BCN for 5.5 cents.

    Hmm, if only I had my tax return already. I guess it won't really matter because, when it comes in, I'm sure it will still be cheap. After all, this is CSD.


    I might catch the bus.
    Honk.
 
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