CBH - CBH Resources

[powerkoala]

anyone still with this ?
announcement today regarding new mine panorama
could be the starting point toward production
but cost quite high compare to cash at the moment
any other view ?

 

[sleeper88]

i've been holding this for 6 months, it took them a while to complete the BFS. Production 4Q 2008..seems like a long time away, which is disappointing given CBH's management took a darn long time to release the BFS, im guessing it'll take them well into 2009 before production begins. Even though they have $70m in the bank, they'll need to find +$140m in financing, equity and debt i presume.

 

[UMike]

FYI

Westpac Broking have started to review this Company.

They have rated it an Accumulate.

 

[itchy]

CBH slowely climbing back!
Possible reversal of trend in progress!
im just a little bummed i didnt buy more in the 50'S!
all zinc stock fared well today

 

[UMike]

CBH slowely climbing back!
Possible reversal of trend in progress!
im just a little bummed i didnt buy more in the 50'S!
all zinc stock fared well today

What do you mean by "Possible reversal of trend in progress!"

I've bought and sold well this stock.

 

[michael_selway]

What do you mean by "Possible reversal of trend in progress!"

I've bought and sold well this stock.

I think he means CBH has fallen but will surpass its previous high in the not so distant future

Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS -2.8 9.6 12.1 4.4
DPS 0.0 0.5 2.9 0.5

EPS(c) PE Growth
Year Ending 30-06-07 9.6 6.7 --
Year Ending 30-06-08 12.1 5.3 26.0%

thx

MS

 

[UMike]

Well it bottomed at 50c yesterday.

picked some more up at 52.5c and now it is 59c.

Corrections aren't so bad after all

Hope it gets back to 65c soon

 

[sleeper88]

i feel there are advantages for PEM and CBH to merge. To get this M&A running, PEM will first need to divest their gold operations (currently underway).

First and foremost, economies of scale can be applied to their Broken Hill projects. PEM's existing BH mine can be incorporated with CBH's rasp mine, inaddtion with PEM's potosi and north mine deeps.
The merged entity will have 2 operating mines, BH and Endeavor generating strong cash cashflow. It will also have a very very strong development pipeline, with sulphur springs in WA, BH regional, flinders in SA, Mineral Hill and Hera coming online in the next couple of years. Adding to this are a portfolio of very encouraging exploration projects around Australia. The merged entity would rival that of ZFX, as Australia's premier zinc producer.

just my 2c worth

 

[porkpie324]

You can now trade CBH using CFDs, it's now in the ASX300, so Tuesday I took advantage of the weakness and opened a position, lot better and cheaper than buying the physical shares. porkpie

 

[UMike]

You can now trade CBH using CFDs, it's now in the ASX300, so Tuesday I took advantage of the weakness and opened a position, lot better and cheaper than buying the physical shares. porkpie

Pardon my ignorance...... What is a CFD?

 

[porkpie324]

Mike, CFD's are an instrument for trading shares on margin. You can check out the many providers on the net, porkpie

 

[porkpie324]

Mike, BTW, I closed my pos this morning, although CBH is a good co. at this point there is some weakness with CBH making lower highs and lows, just being a bit careful until the trend changes.porkpie

 

[UMike]

Mike, BTW, I closed my pos this morning, although CBH is a good co. at this point there is some weakness with CBH making lower highs and lows, just being a bit careful until the trend changes.porkpie

Fair call metal prices have by and large fallen Friday Night.

Looked up CDF's .... I've got an appointment Tuesday about Margin Loans and other options.

We'll see how it goes.

Caution is the best option to take.

 

[Halba]

Its CFD's umike.

 

[UMike]

Its CFD's umike.

:roll: ...Typo....

CFD's.... Like the ad above right on your screen :

 

[alankew]

ASX site says this is trading halt until 23rd or until company is ready to release info, any ideas on what it could be?

 

[sleeper88]

hmmm, capital raising (highly unlikely), takeover offer for TNG (highly unlikely), being taken over (probable), Endeavor mine closure AGAIN (probable ), resource upgrade for their various projects (probable), sale of iron ore interests (unlikely)

The share price has been sliding downwards for a while now, given its good development prospects i wouldn't rule out a possible takeover offer from the likes of PEM or KZL or even Toho Zinc

 

[alankew]

I'm thinking (hoping) takeover by PEM.

 

[Halba]

Hi guys looking at the presentation it could be a capital raising of some sort, to fund their new mines. Its not a takeover by PEM, as PEM is not in trading halt.

 

[Stan 101]

I just sent a txt to the Secretary. He placed his mobile number on the ASX doc.
It will be funny if I get a reply..I'll be sure to let you know if I do..


Cheers,