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CBH - CBH Resources

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CanOz said:
I think CBH will struggle today, being Friday...profit taking before the weekend.
Click to expand...

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 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...
Click to expand...

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,
 
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...
Click to expand...


Really?, whats ur reasoning that it might not go sideways or south!.
 

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
 
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
 

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,
 
I think that finally I might had got in a bit early before the crowds gather to take a bite!
Click to expand...

I really hope your right...

Then its party time...
:jump:
 
Looks like CBH might finally break out this week, it might move very quickly to make up the ground it has lost compared to the other zinc companies, see that gap in the image below between ZFX and CBH.
 

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brerwallabi said:
Looks like CBH might finally break out this week, it might move very quickly to make up the ground it has lost compared to the other zinc companies, see that gap in the image below between ZFX and CBH.
Click to expand...

I hope you are right because it seems like this stock has to go through quite a lot of resistance to go through to get to the 50 cent level.
 
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?
 
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.
 
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
 
According to Wespac brokerage, CBH will release their interim results on Wednesday

this should alleviate some ppl concerns about returning to production
 
hmmmm...looks like a massive upgrade.

anyone with raugh estimtes on how much would that add per share? fundementally of course?

cheers,
 
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.
 
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.
Click to expand...

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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