CBH - CBH Resources

[dj_420]

CBH is showing a lot of support from 40 cents right up to 43.5 cents. is CBH going to start moving again, zinc price has risen and is looking stronger every day. just waiting for ann that CBH is back to full production.

 

[Sean K]

CBH is showing a lot of support from 40 cents right up to 43.5 cents. is CBH going to start moving again, zinc price has risen and is looking stronger every day. just waiting for ann that CBH is back to full production.

Yep, it's looking pretty good. Nice long term rise going on. Going back to full production in Oct. When ann, this should provide more support to the sp. Just needs to get through this resistance at $0.45ish again, and make that a base for further rises.

 

[Tetrahedrite]

Does anyone care to speculate on the reasons for today's run? Is it the finalising of the TKR deal, the iminent return to full production at Endeavor, or something else?

 

[Sean K]

Does anyone care to speculate on the reasons for today's run? Is it the finalising of the TKR deal, the iminent return to full production at Endeavor, or something else?

General market sentiment for the moment I reckon. Just had a couple of positive days overall. Finalising the TKR deal is probably positive too. Restart full production next month at Endeavour is a positive also.

 

[dubiousinfo]

Announement from CBH stated TKR shareholders would be allotted their shares by close of business on Thur 5 Oct, so TKR shareholder selling may start Fri 6 Oct.(see YT's post #206)

I think I will look to sell into this rise & hopefully buy back in at a lower price after any selling is flushed out & we have seen what October has in store for us.

 

[YOUNG_TRADER]

Announement from CBH stated TKR shareholders would be allotted their shares by close of business on Thur 5 Oct, so TKR shareholder selling may start Fri 6 Oct.(see YT's post #206)

I think I will look to sell into this rise & hopefully buy back in at a lower price after any selling is flushed out & we have seen what October has in store for us.

:iagree:

 

[rwkni1]

I guess that strategy makes sense, but it depends on the sort of uplift you think the company will receive from the announcement of full production. That news is also likely to come out not long after October 5th, and may negate all of the sell orders from ex-Triako shareholders. Also, you'd think that a certain percentage of those shareholders may do a little bit of research on CBH and come to the conclusion that it is hugely undervalued themselves.

 

[Sean K]

I guess that strategy makes sense, but it depends on the sort of uplift you think the company will receive from the announcement of full production. That news is also likely to come out not long after October 5th, and may negate all of the sell orders from ex-Triako shareholders. Also, you'd think that a certain percentage of those shareholders may do a little bit of research on CBH and come to the conclusion that it is hugely undervalued themselves.

I agree that the ann to full production will benefit the sp and might offset the TKR shareholders selling. If they do.

I like the chart atm and thik $0.50 is achievable in the next few days, pending commodity stability.

Long term it's still trending up.

 

[michael_selway]

I agree that the ann to full production will benefit the sp and might offset the TKR shareholders selling. If they do.

I like the chart atm and thik $0.50 is achievable in the next few days, pending commodity stability.

Long term it's still trending up.

Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS -2.8 12.2 17.1 17.2
DPS -- 0.0 4.0 10.0

New forecasts out

thx

MS

 

[Sean K]

Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS -2.8 12.2 17.1 17.2
DPS -- 0.0 4.0 10.0

New forecasts out

thx

MS

Can you check that pls MS?

EPS from 17.1 to 17.2 in 2008-09, but
DPS 4.0 to 10?

 

[tasmanian]

gday kennas,

i checked its correct as of comsec website.not bad if it proves correct.div yield in 2009 at current pices would be over 20%.say u buy 50000 now.

if cbh does payout a 10c div holy smoke how undervalued is cbh atm???

cheers

 

[Sean K]

gday kennas,

i checked its correct as of comsec website.not bad if it proves correct.div yield in 2009 at current pices would be over 20%.say u buy 50000 now.

if cbh does payout a 10c div holy smoke how undervalued is cbh atm???

cheers

I think I'm going to call the company to check. .10c div on a .45c stock? Holy smoke!!!!!! I'll buy 500K!

 

[tasmanian]

let us know what cbh say kennas id be very interested to know.

im already holding a fair whack but like you say buy 500k and that would give u a divie payout of $50,000pa.theres a fair whack of the ave yearly wage without even having to get out of bed.lol. i like the idea of that.

if the endevaour mine gets up too full production soon and sulfur springs not far away now as well looking good.have u been keeping an eye on zinc stockpiles?they are still dropping nicely.zinc is stil rising as well so alls looking good the sp of cbh is finally starting to reflect it as well.

might be getting close to top up time??see how next fri pans out 1st.but that div payout does sound too good to be true but sounds v possible to me.

cheers

 

[Sean K]

let us know what cbh say kennas id be very interested to know.

im already holding a fair whack but like you say buy 500k and that would give u a divie payout of $50,000pa.theres a fair whack of the ave yearly wage without even having to get out of bed.lol. i like the idea of that.

if the endevaour mine gets up too full production soon and sulfur springs not far away now as well looking good.have u been keeping an eye on zinc stockpiles?they are still dropping nicely.zinc is stil rising as well so alls looking good the sp of cbh is finally starting to reflect it as well.

might be getting close to top up time??see how next fri pans out 1st.but that div payout does sound too good to be true but sounds v possible to me.

cheers

Will do.

It is a 2009 forecast. They could have the side of Endeavour fall in again between now and then!

 

[tasmanian]

Will do.

It is a 2009 forecast. They could have the side of Endeavour fall in again between now and then!

yeah i think thats the worry atm.

 

[porkpie324]

I'm also interesred in thet 2008 div, not only are zinc stocks falling so is lead spot prices at 2 year highs with stocks falling too. porkpie

 

[michael_selway]

Can you check that pls MS?

EPS from 17.1 to 17.2 in 2008-09, but
DPS 4.0 to 10?

Yes because maybe less capex costs by 2009 as sulfur springs will be up and running already, thus they can pay out more from EPS as dividend

ZFX - Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 219.9 283.9 194.8 117.4
DPS 80.0 140.0 88.3 53.2

CBH - Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS -2.8 12.2 17.1 17.2
DPS -- 0.0 4.0 10.0

thx

MS

 

[YOUNG_TRADER]

It would appear from the price action that the scoping study for the Open Pit Project over in W.A. is about to hit the mkt,

Lots of sellers around 50c ish level though

 

[Sean K]

I'm out at $0.48.

 

[michael_selway]

It would appear from the price action that the scoping study for the Open Pit Project over in W.A. is about to hit the mkt,

Lots of sellers around 50c ish level though

There might be a ST sell-off, but do u think it will be short lived, and then go past its all time high and more? I mean zinc prices are really getting firmer (on warrant dropping and no "ins") and CBH forward PE isnt considered high, and mine life is not bad at about 16 years, endeavor looks to be on track to be full production, also take over target?

Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS -2.8 12.2 17.1 17.2
DPS -- 0.0 4.0 10.0

thx

MS