CBH - CBH Resources
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nizar said:I agree
This one needs to break 45c on volume and stay there; as this is the next resistance. Once that happens, i think it will get to 56-57c very quickly, ie. within a few days...
Nizar,
nothing goes up forever without a little retrace or a hold, we had 4 consecutive white candles & a little retrace is a must to continue a healthy uptrend. defenitely its looking healthy & I'm taking today as an advantage to top up a bit more.
cheers,
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nizar said:I agree
This one needs to break 45c on volume and stay there; as this is the next resistance. Once that happens, i think it will get to 56-57c very quickly, ie. within a few days...
Really?, whats ur reasoning that it might not go sideways or south!.
IGO4IT said:
IGO, dont treat this like EXT!!
These guys are earning big money and with zincers starting to fire up again (ZFX, KZL) and endeavour to full production in october, this will be firing. Alot of big chomps went through on that 10.5m day, i saw 2 300ks and 1 500ks
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i agree, CBH has been a trader for me for over 3 years, bought first on a david haselhurst recomendation (one of my best sources for spec tips). not anymore, have been accumilating for the past 8/9 weeks, now its a hold. porkpie
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nizar said:
Nizar,
This one is totally different from EXT, size & risk & everything is totally different & logically I can't just take a big position in 1 day & also I have to start somewhere!
Yes, I saw all these big buys & specially before close & next week looks like it could be interesting, it was very obvious how resistance became 47c instead of yesterday's 46.5c on depth which tells me that a break of 46.5 is really a possibility.
Got some more today & hopefully some more next week. I'm not trading this one,I'm holding long term because I think that finally I might had got in a bit early before the crowds gather to take a bite!
cheers,
brerwallabi
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CanOz
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What does everyone make of today's pullback? I'm at even odds for an increase or decrease tomorrow. Good volume today might have burned off a few sellers allowing the stock to continue the uptrend, any thoughts?
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There remains a lot of selling pressure & the TKR takeover is dragging on a lot longer than it should have. They now have 82.3%, only 8% more and it can be wrapped up with compulsory acquistion.
This is still undervalued, but it's looking like it will have to claw every inch of the way to 50c before the selling pressure eases.
Wrapping up the TKR deal will help, as will an annoucement that Endevour is back to full production, which is expected in the 3rd quarter results.
I will continue to hold, maybe pick up some more if there is any signifcant pull back.
This is still undervalued, but it's looking like it will have to claw every inch of the way to 50c before the selling pressure eases.
Wrapping up the TKR deal will help, as will an annoucement that Endevour is back to full production, which is expected in the 3rd quarter results.
I will continue to hold, maybe pick up some more if there is any signifcant pull back.
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apparantly the ann is due on wed. this should clear up doubts as to when production will be coming back on line 100%. i think everything is looking good with zinc fundamentals looking very good and market sentiment seems to be improving.
slight pullback today but it has already run into mid 40's. if it consolidates around this level 45 cents and shows some good buying support then can make another attempt at cracking the 46 c resistance.
remember CBH made a good 2 attempts at breaking resistance on 40 cents then broke through. another couple attempts and we will see 50 c plus
slight pullback today but it has already run into mid 40's. if it consolidates around this level 45 cents and shows some good buying support then can make another attempt at cracking the 46 c resistance.
remember CBH made a good 2 attempts at breaking resistance on 40 cents then broke through. another couple attempts and we will see 50 c plus
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According to Wespac brokerage, CBH will release their interim results on Wednesday
this should alleviate some ppl concerns about returning to production
this should alleviate some ppl concerns about returning to production
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"Substantial Resource and Reserve upgrade for Endeavor Mine" announced today
http://asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00643577
http://asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00643577
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hmmmm...looks like a massive upgrade.
anyone with raugh estimtes on how much would that add per share? fundementally of course?
cheers,
anyone with raugh estimtes on how much would that add per share? fundementally of course?
cheers,
Rafa said:initial reaction is pretty muted to say the least
you'd think a 25% odd increase in resource for a companies primary mine would do an equivalent increase in the SP! But there are a lot of sellers between current SP and 50cents.
Yeah definitely a lot of sellers between .475 and .50
Profit taking perhaps?
i would have thought the market would have reacted better than this...
Hypnotic
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