Australian (ASX) Stock Market Forum

CBH - CBH Resources

What about Toho zinc's blocking stake?
I don't think they will be too keen to give up their concentrate supply from CBH.....
 
Hopefully the may give some cash back to some of us shareholders.

Britishcarfreak is that a TVR?

By the way I used to have a trumper, a 2 litre with a pair of CD350''s fitted and a laycock overdrive working on 3rd and 4th it flew.
Great car.
 
Hi, It's a Triumph Spitfire Mk1 with an Ashley laminates fast back. Sweet eh! :)

rwkni1 = can you explain the blocking stake - I'm not sure what you mean.
 
Toho zinc (japanese zinc smelter) holds 25% of CBH. Part of the reason they have this stake is to ensure concentrate supply to their smelter. In a tight zinc concentrate market such as we are seeing now, smelters have to fight for throughput, and sometimes cannot get enough material to run the plant at capacity. I'm not 100% sure of the details of their supply clause with CBH, but I would assume any sale of their 25% stake in CBH could put their supply from CBH's Endeavour mine in jeopardy. I think any company would have a hard time convincing them to sell that stake in this market.
 
So, does that mean you think price will go ape (up) because atleast 25% of shareholding won't want to let go if there is a takeover??? Or are you saying takeover just isn't likely.
 
dj_420 said:
takeover is unlikely

Exactly. Which, I think is a good thing anyway, because any takeover offer would likely undervalue the growth potential of CBH. With sulphur springs and broken hill coming on line in 2007/08, i think as a share holder you're better off just sitting back and playing the waiting game. I think the value in this stock will begin to be reflected over the course of 2007 for those willing to wait for a couple of solid production reports out of eneavour and the release of the sulphur bankable feasibility.
 
ZINC

Bid/Ask 2.0159 - 2.0205
Change +0.0409 +2.07%
Low/High 1.9705 - 2.0431


strong buyer depth pre-open,,

few cents short from new record highs

$1 IMO
 
$1 today..next week...next year? I'm 99% sure this stock is an absolute beauty, especially with the great projects in the pipeline ice the cake..will we see $1 by Chrissy? :)
 
Check out the news releases the past month.
What's the deal?
One of the directors have sold over 7 million shares since early November,
ranging from an average of .69 cents to .82 cents. (My calculation should be right but you should verify this for yourself).
 
magoo said:
Check out the news releases the past month.
What's the deal?
One of the directors have sold over 7 million shares since early November,
ranging from an average of .69 cents to .82 cents. (My calculation should be right but you should verify this for yourself).

why did he sell?

thx

MS
 
redandgreen said:
ABM have a price target on ZFX of $17.64
I don't know whether we should be using them as a guide :rolleyes:

CBH - Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS -2.8 10.7 13.5 24.0
DPS 0.0 0.5 3.0 10.0

ZFX - Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 219.9 345.9 255.7 152.8
DPS 80.0 160.7 106.5 69.0

PEM - Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 42.1 103.5 77.7 89.2
DPS 5.0 14.8 13.6 12.8

KZL - Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 16.8 81.4 76.4 64.5
DPS 0.0 15.0 13.8 24.5

thx

MS
 
magoo said:
A director selling a substantial stake, that's what I like to know along with everyone else.

Director selling could be because he/she wants to:
*Buy a house
*Buy a car
*Buy a boat
*Go overseas
*Clear some debt
*Gamble
*Personal reasons

Directors could sell for ANY reason.

But directors only buy for ONE reason.
 
nizar said:
Director selling could be because he/she wants to:
*Buy a house
*Buy a car
*Buy a boat
*Go overseas
*Clear some debt
*Gamble
*Personal reasons

Directors could sell for ANY reason.

But directors only buy for ONE reason.

Cashing in 7.2 million shares for 5.5 million dollars,
investors will ask questions.
 
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