CBH - CBH Resources

[boults_4545]

BMO has also picked up a bit in the last fortnight or so. Up nearly 8% this morning.

 

[Sean K]

I recieved my Sept Qtrly update from BMO (BMA Gold today) even though I sold ages ago,

Interesting thing is though that the letter came from CBH Resources!

A bit more digging shows that BMO and CBH share 2 of the same management (who have been only recently appointed to BMO)

Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm interesting

CBH taking BMO? Can they afford that?

Friendly merger?

 

[YOUNG_TRADER]

Got me confused, why would CBH want BMO? Its a piece of ****e imo

 

[Sean K]

Got me confused, why would CBH want BMO? Its a piece of ****e imo

They haven't got much have they. 429k oz au in 2 deposits. I've got more than that out the back yard.

 

[Sean K]

Precarious. Under my support level at the moment. $0.72 was my bounce point, now $0.71. Haven't sold, expecting Zn to turn around. If not tonight, I'm on the sidelines again.

 

[CanOz]

I agree with your chart, but note the buyers that came to push this of its low for the day. They came in earlt too, just after trading opened, and they bought all day as the sellers put stock up for sale. Would have been a bit better if it closed up from the open...oh well.

 

[Sean K]

Yep, I agree Crazy Canuck, buyers won the day, but only just.

 

[hypnotic]

Time Price Quantity
06:06:53 PM 0.718 1,225,796

Someone bought 1.2Mil of shares in CBH at 6pm ......
off market trade??

I know people have mentioned this before but what does this mean?

a Confused Hypnotic

 

[Sean K]

I'm out at $0.70.

 

[CanOz]

I'm out at $0.70.

I'm out too, stopped out. Should have listened and sold out last week.

I'm sure this stock will be back hammering at the door of the new 'old' high in no time, just to P*** me off!

 

[dj_420]

surely this stock is close to been oversold now. sp ran up to 0.85 cents when zinc was 2.00 per pound, now its been punished all the way back down to near old highs.

should have sold half my CBH shares at 0.85 and then averaged down. oh well thats hindsight.

where is the SS BFS, the directors have done nothing to help this situation.
prob to late for exit, best ride it out i think.

if i exit now it will bounce back surely.

 

[rwkni1]

i agree dj, i see this as a top up opportunity.

i'd be very surprised if it didn't bounce back tomorrow.

zinc stocks are still falling, and in my opinion the drop in lme zinc price is just technical selling after the strong run up to $2.10/lb, helped along by sentiment flowing over from copper.

 

[dj_420]

i just dont know why such a good growth stock has shown such a large sp decrease on no bad ann. shows great fundamentals, endeavour back to 100% (or so has been stated), huge pipeline of projects and then there has been panic selling.

just shows in charge, the market and not whether or not a company is undervalued.

KZL and ZFX have shown sp retracements but nothing as large as CBH. i think the directors should have kept the market more informed with ann regarding production and SS BFS. maybe everyone got sick of waiting.

LME zinc stocks still dropping, fat prophets had buy on this couple month back up to 66 cents. what happened???

 

[CanOz]

Looks like it might close on the low for the day, gives me some solice knowing i stopped out before that. A close on the low, with that kind of volume doesn't bode well for the following day. It looked like heaps of money flowing in to pick off the sellers, a couple more days and there won't be any left, typical exhaustion tail may result on the chart. I'm baffled too as to why so many would want to sell this stock.

 

[rwkni1]

Chinese IP numbers came out today, growth was 16% (YoY) vs. expectations of 14.5% (YoY). This is probably the catalyst for the heavy selling of resource stocks in the arvo. Personally, with growth of 14.5% I wouldn't be phased even if it is below consensus forecasts.

 

[CanOz]

Chinese IP numbers came out today, growth was 16% (YoY) vs. expectations of 14.5% (YoY). This is probably the catalyst for the heavy selling of resource stocks in the arvo. Personally, with growth of 14.5% I wouldn't be phased even if it is below consensus forecasts.

You mean it was 14.5 but was expected to be 16%?

 

[Stan 101]

I was going to jump out at 76 cents but let it slide to 71.5 and I've just started buying back at 65 - 66.5 cents.
It has certainly been big profit taking and I'm suprised I haeld on to CBH up to the 85 cent mark. Usually I would have exited well before the high.
Who's of the opinion that this one is just taking a breather?


cheers,

 

[rwkni1]

You mean it was 14.5 but was expected to be 16%?

Sorry, that's it.

 

[noobs]

Fat Prophets rate CBH a "strong buy" @ .695c

Well worth a read - http://www.fatprophets.com.au/mining...+Fat+Mining+48

I decided to top up my CBH holdings just b4 close of trade today. I am in this one for the long term and regardless of the feasibilty study being so late I don't think the fundamentals for this company have changed. Any further drops in the share price will be good chance to top up in my opinion. DYOR

I agree there there are better short term opportunities available at present but I am not a day trader and long term this still looks great IMO

 

[jet328]

Fat Prophets rate CBH a "strong buy" @ .695c

Well worth a read - http://www.fatprophets.com.au/mining...+Fat+Mining+48

Could expand that link, as it doesn't seem to work for me

Cheers