CBH - CBH Resources

[Tetrahedrite]

4 days until christmas, and still no SS BFS. I wonder what the hold up is. Long overdue.

 

[alankew]

I emailed the company and although they are not allowed to divulge info,they didnt even reply

 

[britishcarfreak]

I'm thinking the next few weeks aren't going to look too good for CBH. Based on the trend shown here since the first week of dec overall it's in a state of decline. dropping volume, macd indicators etc.

Is anyone here holding this for short term - if you are - are you getting out this week?

Or are you all looking long-term?

Overall long-term things look good.

I'm thinking of dropping it for a month and getting back in. Could do more with the capital for a while.... on say BMN

Any comments regarding perspective on SP over next 3-4 weeks welcomed.

 

[alankew]

Just been on to the company website.After previously emailing them to see if any info is available re sulphur springs and getting no reply,if you click on the dropdown menu for SS drilling it says "Update in Progress" Dont know if this is new or was on web before and didnt notice it-anyone else been on recently and tried this link with different results

 

[bigt]

Does anyone know of any good reason why CBH is the only big zinc stock to take a backward step today? I just dont get this one...producing, great projects, cash in bank...this should be powering along. There is a uneasy feeling of negativity towards CBH...SS feasability results overdue, directors selling shares /options..seems to be hit harder thanall other zincers, even on good news.

Could this be big boys capping the price (trades do not look like it) ,or is it just an average stock at the moment, out of fashion with the market?

 

[michael_selway]

Does anyone know of any good reason why CBH is the only big zinc stock to take a backward step today? I just dont get this one...producing, great projects, cash in bank...this should be powering along. There is a uneasy feeling of negativity towards CBH...SS feasability results overdue, directors selling shares /options..seems to be hit harder thanall other zincers, even on good news.

Could this be big boys capping the price (trades do not look like it) ,or is it just an average stock at the moment, out of fashion with the market?

its happens, OMC went down today, a uranium explorer

thx

MS

 

[bigt]

yes, agree, but OMC is slightly different as has just doubled in price with a TO from Denison...not much further upside from the fundamentals...and this is not a U producer...CBH On other hand has not been approached for a TO...but has languished...just thought it was a little out of touch from the other zincers.

 

[nizar]

its happens, OMC went down today, a uranium explorer

thx

MS

Comparing a uranium explorer and a zinc producer, not exactly comparing apples with apples here are we michael?

 

[michael_selway]

Comparing a uranium explorer and a zinc producer, not exactly comparing apples with apples here are we michael?

hm apples to pears maybe...

thx

MS

 

[mmmmining]

hm apples to pears maybe...

thx

MS

How about a "pear" of apples?

"apple to apples" (CBH down to other zinc up)

TO

"pear to pears" (OMC down to other uranium up).

 

[alankew]

Finally got a response from company re Sulphur Springs,obviously no hint of anything but "Thank you for your email, we will be able to reply to you next week."The wait continues

 

[nizar]

4 days until christmas, and still no SS BFS. I wonder what the hold up is. Long overdue.

Was supposed to be released in July.

 

[ned1]

Hi all

Am currently reevaluating my holdings for 07 and had planned to hold CBH long term. However I have read the latest Broker reports and must say I am not that impressed about CBH's prospects for Share price growth in 07. I see a best case scenario of $1 for 07 if zinc price rises slightly or remains steady in 07.

Quote from the Holst report
Re Sulfer Springs - "production commencing by the end of the September quarter 2008 (some slippage is possible/likely). Likely capital cost estimates (including contingencies) now exceed $200m (even higher than we expected)"

Re Broken Hill - "Company expects to commence production in 2008"

It seems to me that CBH are going to miss the boom in zinc prices with most of their projects likely to come on either late 08 or early 09.

What do long term holders think?

 

[dj_420]

i share your concern. i planned to hold for long term but am not sure now. i have already sold half my holdings in the last run we had and put into JMS and doubled up.

my other zinc is stock JML is outperforming CBH now. i still have all of my original holding of JML.

CBH had a great run until now, now it is just trending sideways and volume has dropped dramatically.

 

[alankew]

Reply from email today ref overdue statement"The bankable F.S. for the Sulphur Springs deposit is complete and the Company is reviewing the documents prior to going to the board for adoption on the 24 Jan. We expect to release the project details following the board meeting."

 

[sleeper88]

toho zinc has increased its stake from approx 22% to 24%

 

[dj_420]

im out, sick of waiting for SS BFS, there are surely better homes for my money.

SP has slowly been dropping, broke support, and ive taken the rest off my holding off the boards.

might re-enter at 60 cents where it found support on last retracement. from memory it was about 61 cents the sp found strong support.

- IMO this company has had very poor record with keeping shareholders informed
- analysts have been downgrading earnings per share on this stock
- major shareholders liquidating
- major delays with announcements

 

[saichuen]

Short term wise, CBH may not necessary looks that good from the chart now. However, I will be ready to top again at around 0.61 to 0.65 if it gets there. Fundamentally, it is still sound and nothing has changed. I believe long term wise, this is probably a winner. DYOR.

 

[sleeper88]

quarterly report out today, looks like endeavor is back on track providing strong cash flow for the company. 2007 should be a big year for CBH provided it can deliver on its promising development and exploration projects.
lets hope this announcement + the pending BFS will reverse the SP's recent downward trend.

 

[michael_selway]

quarterly report out today, looks like endeavor is back on track providing strong cash flow for the company. 2007 should be a big year for CBH provided it can deliver on its promising development and exploration projects.
lets hope this announcement + the pending BFS will reverse the SP's recent downward trend.

great move today!

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 2.9 0.5

thx

MS