CBH - CBH Resources

[dj_420]

im out at 0.48 for the mean time. look at resistance up to 50 cents and beyond. im waiting for triako holders to dump and then get back in. its true what YT said remember there are an extra 100 million shares going through on friday.

lots of triako shareholders will be wanting their money back for a bid they saw as cheap compared to value of triako.

fri will be interesting anyway. even if some large sellers occur will affect sp

 

[porkpie324]

I'm also out at .48, will look to buy back on any weakness. If I'm not sure whether to quit a holding I always ask myself would I buy at the present time, if the answer is no then I sell. 100ml shares coming on the market which is I think about an extra 20% is a lot for the market to digest, if the share price holds during this period is only good news for CBH. porkpie

 

[michael_selway]

I'm also out at .48, will look to buy back on any weakness. If I'm not sure whether to quit a holding I always ask myself would I buy at the present time, if the answer is no then I sell. 100ml shares coming on the market which is I think about an extra 20% is a lot for the market to digest, if the share price holds during this period is only good news for CBH. porkpie

Do you know exactly when TKR can potentially start dumping their CBH shares?

thx

MS

 

[Morgan]

I'm out on the sideline at 48c to watch for a while.
Mainly because has had a good run up in the last week and starting to look close to overbought on Relative Strength Index.
Not sure about the effect of the extra shares to come on line- in theory, even though there will be extra CBH shares on the market, the price of the diluted shares should in effect be the sum of the original CBH value + TKR value component added to this (as the value of CBH company now includes the value of the TKR assets). Net effect should be negligible.
However as mentioned previously, selling pressure will depend on whether ex TKR holders want to keep their newly allocated CBH shares.

On the other hand, most shares I sell skyrocket soon after! :

 

[nizar]

Do you know exactly when TKR can potentially start dumping their CBH shares?

thx

MS

friday
i plan on picking some up on the day for low 40s

 

[Sean K]

friday
i plan on picking some up on the day for low 40s

I'll be in there too mate, if that's the case. Should be interesting morning.

 

[porkpie324]

looks as though we'll all be there waiting for a bargain. porkpie

 

[Sean K]

You know this means it'll go to $0.60 on the open Fri morn...

 

[porkpie324]

Why not have friday off and all meet up for a beer.porkpie

 

[Sean K]

Maybe we could take an esky into 500 Collins and sit and watch the ticker downing a few tubes.

 

[YOUNG_TRADER]

Maybe we could take an esky into 500 Collins and sit and watch the ticker downing a few tubes.

lol

 

[maverick11]

friday
i plan on picking some up on the day for low 40s

might get there today :

looks like a bit of panic selling already?

 

[michael_selway]

might get there today :

looks like a bit of panic selling already?

Yeah it might, also base metal prices down a bit yesterday

thx

MS

 

[ned1]

Re: CBH - Pent up demand

It seems to me that there is quite a bit of demand from people waiting on the sidelines second guessing whether the TKR holders will dump on the market tomorrow.

 

[dj_420]

well i think in 6 months time anyone holding a decent zinc stock will be laughing. im thinking long term with CBH.

i bought half my holding back in at 0.46 cents just in case. if it goes either way i can average down or up depending on TKR holders.

long term this stock is a winner. after TKR dust settles i will just keep accumulating on dips and wait for LME exchange to run out of zinc.

i think YT was right, i was looking at some gold stocks but best bets in the medium term are uranium and zinc. not much else has fundamentals that will drive the price like these two.

i hold half my CBH and JML. JML looks good to once they start producing. sp taken a hammering lately and chance to top up.

 

[porkpie324]

dj, your probably dead right there, in 6 months time CBH will a winner, but at the mo the quotes are looking a bit top heavy, I sold on monday at .48 and will look at buying again during any share placement weakness, if the sp holds its only good news for CBH. porkpie

 

[ned1]

Re: CBH - How far will it fall?

Any thoughts on how far this may fall tomorrow?

My bet is down to 40.5 c

Then a massive rebound followed by another retrace to 43. That is if there are no positive announcements.

 

[dubiousinfo]

Re: CBH - How far will it fall?

Any thoughts on how far this may fall tomorrow?

My bet is down to 40.5 c

Then a massive rebound followed by another retrace to 43. That is if there are no positive announcements.

I dont think this will just tank tomorrow. More likely that the selling will be spaced out over the next few weeks with a slow decline in price till the selling eases.

 

[ned1]

Re: CBH - How far will it fall?

I dont think this will just tank tomorrow. More likely that the selling will be spaced out over the next few weeks with a slow decline in price till the selling eases.

Fully agree. The only factor that may change this is positive announcements over the comming weeks together with a sudden increase in the spot price.

 

[michael_selway]

Re: CBH - How far will it fall?

Fully agree. The only factor that may change this is positive announcements over the comming weeks together with a sudden increase in the spot price.

You also have to take into account daily Zinc Prices

http://www.kitcometals.com/

thx

MS