CBH - CBH Resources

[powerkoala]

Profit taking...
every up must go down a bit before goes high again... :

 

[dj_420]

did this image attach, CBH is trading nicely in this channel with the exception of the previous breakout. moving day averages indicate that this is still in an uptrend.

if im wrong please correct me. only new to tech analysis.

 

[sleeper88]

bit of consolidation before next leg up. CBH battled through a lot of resistance to get above 50 cents, i just want to see us close above this level and push on from here. today would have been a good day for 100% production ann to keep momentum going.

i want to top up and get some more anyway so its a chance to pick up a few more before the next run.

what does everyone think of the yearly report, i thought that there is a great lot of projects going on and tenements for exp.

After going through the report i think CBH has huge potential with several projects coming online (Sulphur Springs, Rasp Mine and possibly Constance range + Hera) over the next 2 yrs + good exploration projects at Napier Range and Panorama JVs

Could be a major resource player in australia in the not too distant future?..producing Zn, Cu, Ag, Pb, Au, Fe?

all they need is some Ni and U :

 

[Sean K]

did this image attach, CBH is trading nicely in this channel with the exception of the previous breakout. moving day averages indicate that this is still in an uptrend.

if im wrong please correct me. only new to tech analysis.

Looks good DJ. Set a ma at 100 or 200 as well to see long term trend. 200d ma is considered to be pretty important for long term support. You will notice many company sp's bounce off this level just because of that mind set.

 

[dj_420]

hey kennas here it is with a tighter trading channel and 7 and 200 MDA.
this channel shows false breakout and possible new breakout.

 

[Sean K]

Yep, you can put in as many channels as you can fit in with charts riding the support and resistance lines to get a picture of a stock. Of course, some poeple will draw in lines to suit what they WANT to see also. Having said that, it's clear to me CBH is going UP, no matter which way you look at it. If you wipe out the April/May abberation, it's pretty good isn't it. Perhaps a strategy for this stock would be to buy when it was at the lower part of the range and sell at the top. Sort of like buying at the base of Bollinger Bands and selling at the top. Or, if commodities don't crash severely, this is a long term winner.

 

[michael_selway]

After going through the report i think CBH has huge potential with several projects coming online (Sulphur Springs, Rasp Mine and possibly Constance range + Hera) over the next 2 yrs + good exploration projects at Napier Range and Panorama JVs

Could be a major resource player in australia in the not too distant future?..producing Zn, Cu, Ag, Pb, Au, Fe?

all they need is some Ni and U :

hehe yep, if only there was a rumour of Ni and U

thx

MS

 

[dj_420]

the yearly report has just confirmed everything for me, like everyone has been saying great projects coming online in next year or so, endeavour should be back at 100% production and zinc spot prices still increasing.

i like the movement we have been getting in last week or so, slow and steady wins the race, its great to see it break the 50 cents and hold, decent support building 50 cents and above. from 47 cents upwards there is a lot of support.

resistance doesnt seem to be pushing sp around as much now. i think the bears have run out of puff and the bulls are back, seems a good bet with zinc fundamentals.

is everyone waiting for an ann from CBH re endeavour? its possible they could be already back on 100% production, as they already stated in presentations and report that they would be back on full production for this qtr, would they announce this to the market also??

 

[sleeper88]

the yearly report has just confirmed everything for me, like everyone has been saying great projects coming online in next year or so, endeavour should be back at 100% production and zinc spot prices still increasing.

i like the movement we have been getting in last week or so, slow and steady wins the race, its great to see it break the 50 cents and hold, decent support building 50 cents and above. from 47 cents upwards there is a lot of support.

resistance doesnt seem to be pushing sp around as much now. i think the bears have run out of puff and the bulls are back, seems a good bet with zinc fundamentals.

is everyone waiting for an ann from CBH re endeavour? its possible they could be already back on 100% production, as they already stated in presentations and report that they would be back on full production for this qtr, would they announce this to the market also??

hey dj, if endeavour is back to 100% they'll inform the market immediately coz it'll do wonders for the sp, possibly giving it a push towards 60c and beyond..so fingers crossed

 

[nizar]

Endeavour 100% would be at least partially factored in to the current sp u would think.

But gee those sulfur springs BFS results are taking their time....

 

[dj_420]

i dont know if they will announce it as they have already stated in the past oct is 100% production. may be im wrong.

anyway zinc spot has broken 1.80, its looking good for zinc stocks today, should be good action with ZFX, KZL, CBH, JML, TZN, AIM probably forgotten a few. but copper, nickel and lead are all up also so should be another good day for all the miners.

 

[ned1]

6,700,000+ already traded

Earlier this morning one buyer bought 926,226 shares at 56c.

This is moving nicely.

 

[Out Too Soon]

I jumped on board at 48c, just wish I'd bought more.

 

[dj_420]

i dont see it slowing down anytime soon. as soon as we get some more positive ann to market re 100% production and SS BFS i think it will continue momentum. as well as spot zinc price increases.

im still topping up at these prices, there is still a few months before LME zinc stocks hit a critical level. IMO thats when we will see some real action for zinc stocks.

 

[dj_420]

i see this increase as a much more sustained rise than the previous breakout. a month or so ago CBH ran ahead of itself and then showed almost a 100% retracement back to show support at 43 cents plus.

IMO this rise is much healthier for the stock overall, gradually increasing each day and bringing the support up with it. this stock has been increasing in interest and is showing support right back under 50 cents now.

i would like to see increased support 50 cents plus to keep this stock above old trading channel. resistance has been thinning out as this stock broke above 50 cents, prior to 50 cents resistance was stacked to the wall. maybe sellers are beginning to see the sense in holding a zinc stock going into the new year.

 

[nizar]

Can any1 here please confirm for me CBH's zinc METAL (not concentrate) production from endeavour (at 100%)

Also - is CBH fully unhedged?
Somehow i think not since i cant find it in any of their presentations and this is a major selling point. Hegarty always ramps this point home in his bloomberg interviews and also its well known that KZL and ZFX are hedged from their presentations and results.

 

[2020hindsight]

Can any1 here please confirm for me CBH's zinc METAL (not concentrate) production from endeavour (at 100%)

Also - is CBH fully unhedged?
Somehow i think not since i cant find it in any of their presentations and this is a major selling point. Hegarty always ramps this point home in his bloomberg interviews and also its well known that KZL and ZFX are hedged from their presentations and results.

Nizar - how the hell can we tell you UNLESS we concentrate !! - sheesh some people

(Sorry - its an old joke - the blond at the fridge door staring at the carton marked "orange concentrate" ) ahhh time I went to bed. adios amigo - let me know when you know the answer.

 

[sleeper88]

stormed pasted 60c

 

[nizar]

stormed pasted 60c

all-time high close
EOD trader will feast into this 2mrw, obvious breakout

blue-skies now

 

[sleeper88]

yup..all blue skies ahead...according to comsec, there's no sellers beyond 95c..very rare for such a liquid stock..should fill up 2molo morning btw..closed at 62c