CSM - Consolidated Minerals

porkpie324 · 18 October 2006

CSM has suffered because the CEO (now retired) was far too optimistic about the company's profit forecasts,CSM failed to achieve the CEO forecasts which the market as usual hit the sp hard, so the sp was in a steady decline, about june time there was an increase in volume with an increase in the sp, the sp rose but soon drifted back again and has been in a sideways movement since then. But this week CSM may have shaken off these blues theres been a good sp rise on well above average vol, so CSM I think is a specky buy until the trend is confirmed.porkpie

Broadside · 18 October 2006

porkpie324 said:
CSM has suffered because the CEO (now retired) was far too optimistic about the company's profit forecasts,CSM failed to achieve the CEO forecasts which the market as usual hit the sp hard, so the sp was in a steady decline, about june time there was an increase in volume with an increase in the sp, the sp rose but soon drifted back again and has been in a sideways movement since then. But this week CSM may have shaken off these blues theres been a good sp rise on well above average vol, so CSM I think is a specky buy until the trend is confirmed.porkpie

there is no doubt in my mind it is being hunted, there is big buying now at $2.40...not just a matter of it being back in favour...this was around $1.80 a week ago

porkpie324 · 18 October 2006

Broadside said:
there is no doubt in my mind it is being hunted, there is big buying now at $2.40...not just a matter of it being back in favour...this was around $1.80 a week ago

I hope your right I'm sitting on holding from Titan Res, CSM has been off my radar for a while so I might take more of an interest now, posiibly take out a CFD position.porkpie

MalteseBull · 18 October 2006

this is one bullish share atm..

wouldn't mind increasing my hold when it goes down again

alankew · 18 October 2006

According to IG news feed they have received an approach from an unamed 3rd part.Item is copyrighted so could paste it up but i think there is mantion of the asx newsdesk if thats any help

Ken · 18 October 2006

hmm, i am pretty sure i asked the question on this one.

was definitley out of favour at the time.

didn't put up....

patterson's had it as a definite buy....

Ranger · 22 November 2006

Just wondering if anyone is watching CSM at the moment?

It is currently sitting on $1.985, Directors have bought in the last few months and a few analysts are starting to recommend BUY.

noirua · 22 November 2006

Starting to move with all the talk about iron ore. Scrambled on board this morning just after the train left, slightly late.

Freeballinginawetsuit · 22 November 2006

I'm onboard CSM again today also Noiura, . Shown a good support level during this recent correction, indicators are just crossing and its a tad oversold .
Should bounce a bit and its still way undervalued IMHO, one of the only ones left that is no wear near May's SP levels.
Management needs to deliver some good output/cost effective and profitable outcomes in their next load of announcements and deliver on CSM's potential. The SP should reflect the aforementioned if this happens and then their is also the 'takeover' possabilities.
CSM are cheap ATM, have good assets and must surely be attractive to the bigger outfits .

Sultan of Swing · 22 November 2006

Bought a few in March at 2.80ish, the old 'catching a falling knife' trick and watched as they dropped to 1.60. Bought a bunch more 2 weeks ago.

To me, they're one of the few resource stocks that seem undervalued. I'm cheering for them to have a lot more days like today. :

NOTE: Do your own research, I'm just a novice.

noirua · 22 November 2006

Providing we do not have " Costello " open his mouth too often on his views on commodity prices, then we should see CSM recover quite strongly. I say quite strongly, as CSM may take a while to attack its previous highs as confidence has fallen a lot.

Ranger · 7 December 2006

Annoucement out: CSM still in negotiations with a third party regarding possible transaction.

This could be reason for the rise today.

noirua · 7 December 2006

Ranger said:
Annoucement out: CSM still in negotiations with a third party regarding possible transaction.

This could be reason for the rise today.

The iron ore sector is increasingly in the news of late and CSM appear left behind.

Freeballinginawetsuit · 7 December 2006

Nice open with some volume for CSM, unusual for them, they mostly have a slow wag!.

Freeballinginawetsuit · 7 December 2006

Strange for CSM today, responding well to sell pressure and maintaining bullish volume, could be something suss up!.

Thought I might add that it couldn't be anything to do with their outstanding profits, they yet again announced that their not realizing output as per forecasts (last announcement), so indeed its strange their performing and indeed on a down market day. , not like CSM at all.

Devil_Star · 8 December 2006

The stock price just rallied at the last half hour of trading. it looks like some insiders knows something good is happening. It sounds like another takeover. If there weren't the bad news about the ore downgrade, the sp might have gone further. Can't wait to know what happens!

mmmmining · 8 December 2006

Devil_Star said:
The stock price just rallied at the last half hour of trading. it looks like some insiders knows something good is happening. It sounds like another takeover. If there weren't the bad news about the ore downgrade, the sp might have gone further. Can't wait to know what happens!

I still cannot figure it out how can CSM keep secret for so long by tell the whole world that A, I mean A third party is talking to them about a deal without name it? You and I might not know it. How about the insiders, the big firms, fund managers, brokers, friend of the insiders?

Either the board or the management fibericating story, or they failed on their duty to keep us informed. What is wrong to tell us the name? Is there any secrets?

noirua · 8 December 2006

Oversold on the UK AIM market as tipsters said, take profits.

noirua · 11 December 2006

Now at $2.18 with the chart targets set at $2.50 and $2.80. If CSM reaches these levels it will be time to see if the recovery to over $4 .00 is a possibility.

redandgreen · 11 December 2006

mmmmining said:
I still cannot figure it out how can CSM keep secret for so long by tell the whole world that A, I mean A third party is talking to them about a deal without name it? You and I might not know it. How about the insiders, the big firms, fund managers, brokers, friend of the insiders?

Either the board or the management fibericating story, or they failed on their duty to keep us informed. What is wrong to tell us the name? Is there any secrets?

IGO you have only to compare the SP behaviour of the two companies over the last 2 months ...very revealing.
Conjecture only of course
IGO SP went down in direct proportion to CSM SP going up

CSM - Consolidated Minerals

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