Australian (ASX) Stock Market Forum

CBH - CBH Resources

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hypnotic said:
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... :confused:

Hypnotic
Click to expand...


relax guys, pressure on 47c shows big force coming in & obviously market needs time to digest the figures. Volume is already high & pressure is on.

When i saw the ann I thought it couldn't be as good as what it sounded but now you're confirming that I'm correct!

those that sell on strength are day traders & short termers. They have to sell & buyers know that.

I'm guessing another "big" run coming very soon.

Big boys don't miss opportunities like that!! I've sold few other stocks already to buy more of CBH & defenitely will be loaded before end of day tomorrow.
 
michael_selway said:
DOes it say what the new mine life would be now?

thx

MS
Click to expand...


as per other posters in other sites, its 16 years after considering 1.2m tons mining of gravel capacity a year.

Interm report comes tomorrow as per Comsec corporate calendar.

in my little understanding, it should tell us about the return of full production at endeavour next month & may be any of the other good news.

Hartley's report on website predict a SP of $2.49 if zinc price stays the same.

http://cms.cbhresources.com.au//information/pdf/020806.pdf

so obviously, we have a long way to go & current price of 48.5c is a way below what this share could reach!!!

If anyone cares to look up the hartley's report, you'll find amazing summary to CBH & defenitely will give you better understanding to its solid fundementals.

cheers,
 
IGO4IT said:
Hartley's report on website predict a SP of $2.49 if zinc price stays the same. ... current price of 48.5c
Click to expand...
Let's seeee,... if I see the farm - thats $100K - sell the horse - that's another 2K - sell the kids - that's $1K - and get in before 10am - I could be a multimillionaire before lunch :horse:
 
I sold @ 50c, call me crazy but I have good feedback that lots of TKR shareholders will be dumping their CBH shares on the mkt,

CBH are issuing 100m shares all up so be careful, cause the dumping may start soon,

I held @ 47 and bought more at 35 so made a nice profit

Good luck to all those who are still riding, hope you make a ton
 
hey YT

have a look at sellers, all seem to have moved further up into high 50's. befor there were 600k on 51 now back to 54. sellers are retreating their prices, seem to be in buyers hands now. if buyers can take it through into the 50's would be great

i think all market needs now is an ann that CBH are back into full production and woosh
 
YOUNG_TRADER said:
I sold @ 50c, call me crazy but I have good feedback that lots of TKR shareholders will be dumping their CBH shares on the mkt,

CBH are issuing 100m shares all up so be careful, cause the dumping may start soon,

I held @ 47 and bought more at 35 so made a nice profit

Good luck to all those who are still riding, hope you make a ton
Click to expand...

How much CBH shares does TKR shareholders have in total atm?

Also when are they issuinf 100m shares?

Also Zinc On Warrant down to 128k?

lmeor2.jpg


thx

MS
 
YOUNG_TRADER said:
I sold @ 50c, call me crazy but I have good feedback that lots of TKR shareholders will be dumping their CBH shares on the mkt,

CBH are issuing 100m shares all up so be careful, cause the dumping may start soon,

I held @ 47 and bought more at 35 so made a nice profit

Good luck to all those who are still riding, hope you make a ton
Click to expand...


Young trader,

I've been watching depth closely as I'm still a buyer at the moment.

1 buy order came in of 700k to take all 50c off plus all the few hundred thousands happened before it as well.

I still think it has a way to go considering current pressure.

cheers,
 
Wish you bloks would make up your mind lol.
Ive changed by open order three times now ;) currently I plan to sell at 52:) - as if my opinion matters around here. - might as well toss a coin ( thats what I did incidentally) ;)
 
Don't get me wrong, stock could go to 60c, but it could also continue to try and get there hovering around 49-51c level and fall back to 42c,

Over the next month 1 thing is for sure, there will be alot of TKR sellers,

TKR shareholders will get their stock once T/O goes through, should be mid Sept, so add 2 weeks, maybe early Oct

I'm just warning you all that I know brokers who act for some large TKR shareholders who have said that once they get CBH script they will sell!,
I'm not saying all will sell, but alot of them will.

Regards
 
YOUNG_TRADER said:
I sold @ 50c, call me crazy but I have good feedback that lots of TKR shareholders will be dumping their CBH shares on the mkt,

CBH are issuing 100m shares all up so be careful, cause the dumping may start soon,

I held @ 47 and bought more at 35 so made a nice profit

Good luck to all those who are still riding, hope you make a ton
Click to expand...

I kind of have to agree with IGO with that one. They still need another 8% or so to fully take over tkr and doing it very slowly. They also still have an ann coming soon. I think it has a little bit more to go before i sell :D
 
Where the heck did all that buying volume go?

Fruit basket for Lord

The battle of wills between the board of CBH Resources and former Elders executive Geoff Lord ratcheted up another notch yesterday. The CBH board extended its bid for Triako until September 29 and held out a carrot to Lord, a Triako director, in the form of an offer to make the offer free of conditions if he accepts within two weeks.
Making matters even more complicated for the CBH board is the arrival of another arbitrageur and now substantial shareholder - Monterrey Investment Management - with a 5.6 per cent stake.

Regards
 
YOUNG_TRADER said:
Where the heck did all that buying volume go?

Fruit basket for Lord

The battle of wills between the board of CBH Resources and former Elders executive Geoff Lord ratcheted up another notch yesterday. The CBH board extended its bid for Triako until September 29 and held out a carrot to Lord, a Triako director, in the form of an offer to make the offer free of conditions if he accepts within two weeks.
Making matters even more complicated for the CBH board is the arrival of another arbitrageur and now substantial shareholder - Monterrey Investment Management - with a 5.6 per cent stake.

Regards
Click to expand...

Is this bearish ot bullish?

thx

MS
 
It has run very hard in the last week or so, fighting through a lot of resistance to get to current sp. consolidation around this level would be good to make next assault and break through 50 cents. IMO the ann for return to production is needed to continue its run and show some more buying support.

long term io think this stock still looks fantastic, zinc prices beginning to pick up and we are still seeing a decent decline in LME zinc stockpiles.

what do you think long term for CBH YOUNG TRADER??
i think the fundamentals are great. 30% increase on reserves so its even more attractive than before.
 
I think this is obviously bearish for the stock, but rather than push it lower its more likely just to cap the gains given all the other positive news out there. Each time there has been an extension of a takeover or another substantial shareholder notice showing a measly increase in acceptances the share price has reacted negatively. IGO, any news on this interim report? I believe they should be announcing full production at Endeavour within the next few weeks.
 
I think CBH is a great stock,

But just remember this, now it has a total of 800m shares fully dilliuted, please don't check comsec or something and say hey they only have 600m or so,

Trust me they have 800m, you have to add the 100m from the T/O and I think 85m from memory for the Conv Notes they have,

Anyway they DO HAVE 800M shares,

@ 50c Mkt Cap = $400m,

So they're not tiny, give them time and they will be a $1 stock (no brainer) just better short term opportunities out there IMO
 
YOUNG_TRADER said:
Where the heck did all that buying volume go?

Fruit basket for Lord

The battle of wills between the board of CBH Resources and former Elders executive Geoff Lord ratcheted up another notch yesterday. The CBH board extended its bid for Triako until September 29 and held out a carrot to Lord, a Triako director, in the form of an offer to make the offer free of conditions if he accepts within two weeks.
Making matters even more complicated for the CBH board is the arrival of another arbitrageur and now substantial shareholder - Monterrey Investment Management - with a 5.6 per cent stake.

Regards
Click to expand...


The offer was recommended unamimously by the board and in the Target Statement all the directors said they intended acepting for their personal holdings.

I thought Lord was just being slow in accepting, he can't really ask for more now after recommending to shareholders & telling them he was going to accept. So if he is holding out, what is it for?

When Lord accepts CBH would hold 85%
 
Well I just found out something very interesting,


Apparantly overseas shareholders can't accept the T/O offer, due to Aust Corps Law

So a special purpose group has been buying up all the overseas shareholders shares (Monterrey Investment Management - with a 5.6 per cent stake)

So technically CBH have 80%+

So once Lord accepts its a done deal, but as Lord holds 10.11% it won't go through until he accepts (ie can't get 90% for compulsory acquisition)

So its going through, its a done deal, only question is how long, CBH have said that they will issue script within 5 days of T/O being completed.
 

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