CBH - CBH Resources

[dj_420]

some bullish signals today, sellers sold pushed price down to 60 cents but buyers have pushed sp back up to previous close. good sign ppl are willing to buy this stock on any weakness.

 

[Sean K]

I dont think so.
This stock has been going up for several weeks on high volumes. Its rise has been slow and steady and not of a speculative nature.

Every1 knew this was a great company, just waiting for a decent entry. With endeavour back to 100% being already priced in, in my opinion, and TKR issue resolved, this company is simply being re-rated according to its earnings, pipeline of growth, peer valuations, sulfur springs bfs results are not too far away, and LME zinc firing.

Doesnt seem like a pump and dump to me, its been a slow steady rise, compared to PMH, the other week, or JAK or AUZ, this one's been really gradual.

Im really keen for CBH to form a support around 60, so it can equilibriate around that for this week, and hopefully this will form a long term support base for any retrace in the future.

Quarterly out soon for this company. Everything looks to be in check for this company to reallt fly.

disc. i hold

Well, imo, the past 3 weeks or so have been too quick. Not slow and steady really. $0.47 to $0.62, is a massive jump. 30% ish...in 3 weeks....!

Sure, might be being rerated, I just have a bear hat on atm.......sorry.

I hope $0.60 becomes a support line for holders but too early to make that call. What could be forming right now is a bullish pennant. Maybe another jump just around the corner if the Endeavour ann is very positive and this has not been factored in.

Agree with you guys on this been a great company in the stronger for longer scenario. Good luck.

 

[Out Too Soon]

Throw that bear hat away Kennas : , CBH is being revalued by investors based on minerals in the ground etc, charts with pennants etc cant really predict mineral finds can they. I am biased though, I hold CBH & have just bought into ZFX & KZL, I've left my run very late & will soon rename myself "In Too Late". Seriously tho I think we have at least 2 mths to run, possibly 5.

 

[pacer]

So you you read my posts there at KZL/ZXF O.T.S....good onya mate, and good luck!

 

[ned1]

Hi all

On ETRADE it has a sale for 1.5m shares at 61.6c occuring at 4.45pm after the market has closed. Can anyone tell me what type of trade this is?

 

[Out Too Soon]

Hi Pacer, Yep I've now officially got Zinc in my veins, CBH,ZFX,KZL so cross fingers all gos well with the Zinc price. Today has been steady gains on SP.
Does underwater welding have anything to do with Zinc? we both seem to be following NMS (Neptune) as well.

 

[lesm]

Hi all

On ETRADE it has a sale for 1.5m shares at 61.6c occuring at 4.45pm after the market has closed. Can anyone tell me what type of trade this is?

The codes represent an off-market transaction (XTSXOS).

It is actually three codes combined, where:
XT - Crossed trade
SX - Portfolio special crossing
OS - Overseas.

Cheers.

 

[ned1]

Thanks Iesm

Regards Ned

 

[sleeper88]

is the quarterly report coming out this Friday?

 

[Sean K]

I sold at $0.48 and didn't buy back in........

:flush:

 

[sleeper88]

i shouldn't be too late to buy back in

 

[michael_selway]

I sold at $0.48 and didn't buy back in........

:flush:

Hi why did u sell out at 0.48?

thx

MS

 

[Sean K]

Hi why did u sell out at 0.48?

thx

MS

I now know that I am stupid.

Well, actually, I was trading this one, not 'investing' in it. So when it hit the resistance line at $0.48 I jumped. After it formed that beautiful cup and handle, I didn't jump back in, which was the mistake. Retrospectively.

 

[MalteseBull]

Looks like CBH is stuck at a .72 resistance

 

[michael_selway]

Looks like CBH is stuck at a .72 resistance

how do you define resistance?

cause every day it seems resistance increases (for this week anyway)? so in this case is it really resistance?

thx

MS

 

[Sean K]

Looks like CBH is stuck at a .72 resistance

It's not really resistance just a lack of committed buyers and punters taking profits. Still blue sky for this baby. Poor me.

 

[MalteseBull]

is CBH a good buy at current levels?

 

[jollyfrog]

Well Kennas you might have missed out on higher profits, however by the sounds of things it looks like your holding in Intec will be going places & if im not mistaken VERY shortly! Good luck with this one.
The company seems to be gathering more stockpiles & will be interesting to see them producing a few ingots of zinc, ( hopefully not too far away now) at least they have the dredge in situ & purchasing of zeehan stockpile is a masterstroke!

 

[dj_420]

in regards to CBH been a good buy at these levels, well CBH has been valued at 2.49 on an increased spot zinc price, so i think the market is going to keep running.

it looks like a lot of people are getting set for the zinc run, i didnt think we would see so much action so early on but i am wrong. zinc spot is through the roof at 1.8653 - 1.8880, and that is with 115 000 tonnes left. so i think we are going to see strong action right through till zinc supply runs out and at least six months after that.

so you tell me are zinc stocks a good buy at this level. we havent run out of zinc yet but spot is reacting accordingly and market is jumping on zinc already.

hey kennas at least your holding SMM still, im holding that one until production (long term)

 

[johnmwu3]

CBH on a mission


Thursday, 26 October 2006

ORE output at CBH Resources' flagship Endeavour mine continues to climb towards full production, with the company's September quarterly report indicating the mine will return to full capacity in the current quarter.



CBH Resources' Endeavor mine

Zinc and lead output at the mine increased in excess of 70%, with overall ore production improving by 90,000 tonnes on the previous quarter. However the mine's production of 198,600t was lower than last year's corresponding quarter of 271,533t due to the lingering effects of a ground failure at the operation a year ago.

CBH is on course to restore full production at Endeavour with the re-establishment of the paste fill distribution system that was damaged in last year's failure. The paste fill system started re-commissioning last month.

Despite improvement to ore production, zinc and silver grades have slowly decreased since the March quarter report and were currently at 6.3% zinc and 32 grams per tonne silver during the September quarter, while lead values were steady at 3.7%.
In the March quarter, average head grades were at 7.3% zinc, 3.6% lead and 46gpt silver.

Meanwhile, continued drilling at Endeavour has upgraded its reserves and resources with a 50% increase to the mineral resource tonnage to 26.3 million tonnes at 6.7% zinc, 4% lead and 71gpt silver. All but 1Mt tonnes are contained in the measured and indicated categories.

The updated estimate to ore reserves is now at 19.4Mt at 5.7% zinc, 3.3% lead, 0.2% copper and 51gpt silver.

CBH said drilling "still continues to intersect wide zones of mineralisation that remain open at depth".

Development of the company's Panorama and Rasp mines continues, with construction of a 1.25Mt per annum openpit to start next year at the former and a decline design finalised for Rasp, with construction to start in the December quarter on receipt of approvals.

Exploration at the Cobar district is set for a boost with CBH's recent acquisition of Triako Resources, which has more than doubled tenement positions to one of the largest in the Cobar Basin.

CBH said exploration and development programs have started, with drilling to begin in the December quarter.

Cash flow from operations in the September quarter was in positive territory at $1.5 million, but was negatively impacted by the 8000t of zinc concentrate in stock at the end of the quarter. CBH estimates the stocks to be worth $8 million at current prices.

At the end of the quarter, CBH had cash resources of $14.8 million and a bank debt of $4.5 million.

Shares in CBH gained 2c to close at 69c today.