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CBH - CBH Resources

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Re: CBH Resources (CBH) a tidy little company


I would have to agree brerwallabi, good time to buy imo. I cant see it coming down from this new run any time soon. I think i should hit around 35cps, mabey even 40 this time. Either way, you'll stand to make a good 20% on your money atleast. I'd sell out at 34. Happy trading.
 
Re: CBH Resources (CBH) a tidy little company

For some reason this little co is finding it hard to breakthrough 30c, really doing the hard yards now after making a spectacular breakout sometime ago. I've been scanning quite a few stocks recently to see how they're coping with the dowturn, CBH has been sluggish for the last few months.
 
Re: CBH Resources (CBH) a tidy little company

Big falls ON VOLUME, which means big holders are exiting imo. Price has just about halved in the past few months. Not over yet by the chart, lots of red.
Maybe we'll see another range play Brer?
 
Re: CBH Resources (CBH) a tidy little company

RichKid said:
Big falls ON VOLUME, which means big holders are exiting imo. Price has just about halved in the past few months. Not over yet by the chart, lots of red.
Maybe we'll see another range play Brer?
Click to expand...

Rich
Will be watching closely tomorrow a big white engulfing candle, could signal a reversal, if it opens lower, still might be a bit of selling pressure, I might be in like Flynn.30 cents definately not on the cards but looks like 24 cents could be a possibilty.
 

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Re: CBH Resources (CBH) a tidy little company

Yeah what happened to the stock price??
 
Re: CBH Resources (CBH) a tidy little company

Well its a mining stock and its disappointed I am sure you know why. The thing is there is always a trading opportunity, I feel myself only me myself I that this will eventually go back to the highs of previous but definately quite a while I AM WATCHING THIS VERY CLOSELY but I cant advise but I WILL TRADE IT when the opportunity is there. Will let you all know. I do not hold.
 
Re: CBH Resources (CBH) a tidy little company

Missed it and it went back up to 18.5 ah well, I think I know the bottom now.
 
CBH -CBH RESOURCES LIMITED

This is interesting stock..Written up in Aust Financial Review Mkt Watch Thurs
have a cave in and stock goes up
Recently drilled two holes in January according to partner site PTS (50% interest) and Merryl Lynch Nominees recorded as having ten percent of each ,
now trading suspended ..pending wednesday announcement by ASX.
Should I buy more or sell?
 
Re: CBH -CBH RESOURCES LIMITED

77TRADER77 said:
Should I buy more or sell?
Click to expand...

Hi 77TRADER77,

Just thought I'd let you know that we do not allow members to ask for specific buy or sell advice on particular stocks, as any response to this request may be considered the provision of financial advice according to ASIC guidelines. Financial advice can only be provided by licensed financial advisors.

You may, of course, ask for people's opinions on this - or any other - stock.
 
Re: CBH -CBH RESOURCES LIMITED


Hold ! -Why CBH will be seeking more capital for a reason !.
The announcement will tell you why (think I can guess ).

Bob.
 
What's everyones opinons of this stocks long term prospects?
 
If CBH gets back on track and shows the market that it can produce its predictions, this well could be rerated. It is still a long way off from recovering to where it was before the mine collapse. Remember however what the price of zinc is today compared tp 12 months ago and then consider the PEM share price up times 3 over 9 months, KZL up times 2.5 over similar period, and CBH has gone nowhere. Full production and the price of zinc equates to CBH being 75cents in my book.
 
CBH heavily undervalued Zinc Player!!!!!!!!

Just bought today nearly $50k worth,


3rd Qtr Report should be out by friday,

Its one of the four major Zinc producers but its the smallest,

should be $1 by June!!!!!


Will post up more properly soon, along with an excel valuation
 
i have held cbh a few times, sold on last rally at .46c. looking at them lately there's lots of sellors, i hope the last post is right,cbh is a favorite of mine but i think i'll wait till the breakout. porkpie
 

Cool thx, yeah just the recent prodction blowout affected them this year 2006 as you can see, but hopefully they can rectify ASAP and get to full capacity

Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 1.4 -2.3 9.8 9.5
DPS 1.0 0.0 1.0 1.0

thx

MS
 
Yeah collapse of mine was a bad for company, but they should have moved on by now,

I reckon they will produce around 80k t Zn during 06/07 @ cash cost of probably 20c they will be having huge margins!

They also have 2-3 more projects in the pipe line, along with JV with Tech Cominco (Worlds Largest Zinc Producer)

All up about 750m shares (600m + 100m Conv notes)

750m @ 50c = $375m

I have rough EPS of 15c for them once production back in full swing @ 8x per = $1.40

Expect Big things!
 
Forgot to add the reason I have just been watching is the stock hit some heavy resistance between 47c - 52c lots of selling, especially around 49c-52c, so I was happy to sit back and wait for a possible drift lower,

However Zinc has been hiting records highs lately and has helped the stock hold around 47c (a low of 44c few days back) this combined with the fact that CBH always releases its qtrly 1 month after the end ie End March qtr = release in April, means that its qtrly is due out in the next 2 days, ie Thurs/Fri

I expect to see a good recovery from the mine collapse showing strong Zinc production, along with further advancements of its other 2-3 projects.

So wasn't prepared to wait,


As stated will get an excel sheet done soon
Cheers
 
Here is a very rough Excel sheet I have created for it,

Has my target range = 80c - $1.20 for its Endeavour Project alone, once it reaches full production,

Its Sulphur Springs should add alot of extra cash,

Haven't had time to check for errors,
If you see any give me a shout,

Cheers Chaps!
 

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Back into CBH for $19k, I am now thinking about the $1.20's. I might be being a bit conservative here.
Hoping this jumps again when we have some further knowledge of progress re back towards full production.
SRI has commenced drilling at Kangaroo Caves which is funded by CBH. Kangaroo Caves lays next to Sulphur Springs and the drilling is to firm up resources.
SRI ema's all pointing upwards gone from 5cps to 7cps since start of the month this will also benifit CBH as well.
 
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