CBH - CBH Resources

[chicken]

Grossly undervalued you say!

I think not!

With $250 million in cash in the bank and 833 million shares on issue [that = 30 cents/share] I think i'll raise your grossly undervalued to a unbelievably grossly undervalued!

Fair enough as the value of all their mines and assets would put at least another..35cents to 50cents on the stock..maybe even more $$$ in assets here..I bought 105k shares of them and holding....will watch next week as results come out..holding for longterm....

 

[Pat]

Fair enough as the value of all their mines and assets would put at least another..35cents to 50cents on the stock..maybe even more $$$ in assets here..I bought 105k shares of them and holding....will watch next week as results come out..holding for longterm....

Lets hope so Chicken, I jumped ship at 60 cents and waiting on the sidelines. I think the wait maybe over... We'll soon see.

 

[chicken]

What.....no one posted on the CBH results.....check it out makes great reading...good turn around ...good profit results and by looks of things the 2008 year will even be better...I bought at 60c...and today at 53cents...and if the dow will rise over night should see CBH higher than today...in my book looking good and better days ahead for CBH

 

[rico01]

Yes chook
Results look great 360% profit increase and willonly get better with the endeavour mine expecting improvement in 07/08, panorama project sit e works to commence, & rasp mine still progressing.I can't believe there still where they are but they should move up now IMHO! I bought @ 60.5 sold at 60 at the intial correction and bought back in at 53cents last week on tuesday and wish i'd seen them sub 40c.

 

[GREENS]

What.....no one posted on the CBH results.....check it out makes great reading...good turn around ...good profit results and by looks of things the 2008 year will even be better...I bought at 60c...and today at 53cents...and if the dow will rise over night should see CBH higher than today...in my book looking good and better days ahead for CBH

Chicken saw the result when it came out, but didn’t think there was much to post about, looks great at face value, but really when you get into the nitty gritty nothing to crash hot, quite average really, result were below my expectations. But before I comment anymore need to fully analyse everything in more detail. But still holding, the future looks bright in regards to production, exploration and devt, will just have to see how the next 6-12months pan out.

 

[champ2003]

Chicken saw the result when it came out, but didn’t think there was much to post about, looks great at face value, but really when you get into the nitty gritty nothing to crash hot, quite average really, result were below my expectations. But before I comment anymore need to fully analyse everything in more detail. But still holding, the future looks bright in regards to production, exploration and devt, will just have to see how the next 6-12months pan out.

Average!!

How is a 360% turnaround average??

Wow greens i know that you are still holding but you're a hard person to please .

 

[Miner]

Disclaimer : I do hold CBH shares and looking for opportunity to buy more if it tumbles down tomorrow because the price is not going up even after record profit
The financial result is really impressive however I would consider when you have $1 profit in first year and next year $10 it is 1000 percent growth.
My humble question why CBH at least declaire half a cent dividend to bolster investor confidence. Chicken Feed and what about loyality to existing share holders instead of raising from outside a rights would have been nice.
Look at the options issued to seniro executives - Wow like free lunch and inundation of money. No one takes care of the investors.

Probably CBH directors can only answer on this game.

Regards

 

[UMike]

The most important aspect of this company is their forward looking projections.

This will impact on the sp more than any other criteria.

 

[GREENS]

Average!!

How is a 360% turnaround average??

Wow greens i know that you are still holding but you're a hard person to please .

Champ am currently in the middle of exams, so haven’t got much time to spare, there were a few things I was un happy with, but have not yet had the time to check whether there is a good explanation for them, which there could quite possibly be, nevertheless was very impressive compared to last year and the future pipeline looks great, and hence why i still hold!

 

[motion]

I'm very interested to hears peoples thoughts, I'm very concerned CBH has lost around 22% since the correction and seems to be dropping everyday...

 

[gfresh]

It's disappointing, but a lot of other smaller stocks have dropped back a fair amount also.

While they are still making profits, and good possibility of higher profits next year, I still think it's worth holding onto. A turnaround should come (as P/E is well under 10 now, and eventually investors should see this value), but it may not be until the rest of the markets start to pick up pace again, which may not be until late October.

I believe some had unrealistic expectations for their profits this year, expecting a quick stag - which meant many sold out immediately after the profit results, and with nothing immediate right now, continued selling.

I think if it goes down too much further, it will make an excellent buying opportunity, the fundementals of the company still seem very good. So many 'up and coming' stories out there, but this one has been producing for a while with actual profits coming in now.

 

[rico01]

I think CBH is having trouble holding ground because of the falling zinc price. We have just recently seen a new one year low.

 

[motion]

Thanks for your comments guys, both with some excellent points... I think CBH has alot to offer and will have to see what happens over the coming months..

 

[Miner]

Folks
One irony of stock market situation we only see the directors and their profiles. We often do not see the pillars of their success / failures - the people managing operations, maintenance and engineering / projects.

Without upsetting any one or showing disrespect I wonder what capability level CBH has on its operating/maintenance heads to run a show and the project managers to deliver. We never assess them .

I was less than impressed on their capabilities when met them in some business unrelated to stocks. But I am Joe Blogg Miner not a business manager and will be proved wrong when CBH gets over 0.55 cents in a week's time notwithstanding on a falling DJ in USA tonight.

Further some of the brokers recommended CBH. They should have the guts to say SELL CBH. Only Bell Potter mentioned Neutral.

The beauty with brokers is when you sell they earn, when you buy they earn.

 

[motion]

WOW ann out ! A nice resource upgrade and also some big volume now going through.... very happy with the ann good news all around ! Some excellent grades here..

"The Company advises that. assays for 3 of the recent 6 in-fill holes at Hera have now been received and
include 5.9m @ 18.8g/t Au, 23.6% Zn,18.2% Pb,1.8% Cu and 77g/t Ag (CNYDD017). Although a high
grade core was indicated by earlier drilling, these values are likely to significantly upgrade Hera."

also this

The Company also advises that it has now received all requisite government approvals for a planned
exploration decline at Hera.

 

[countryboy]

miner- great post..thats why i like talking to miners..they will tell you real quick how production is going and if their are efficiencies being made. I had a mate working in i think renison Gold mine up in the NTthey kept hitting water. Renison sold the mine recently...pity the suckers who bought it

I like the desision to send Visco Sulich into Cobar...i bought more share when i found out he was going there!

 

[porkpie324]

With the exemption of JBM the zinc miners hav'nt joined the recovery party yet, KZL had some increase yesterday & today though. porkpie

 

[michael_selway]

With the exemption of JBM the zinc miners hav'nt joined the recovery party yet, KZL had some increase yesterday & today though. porkpie

No 2010 forecasts atm

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 4.7 8.8 5.8 --
DPS 0.0 3.0 5.5 --

thx

MS

 

[fgzq88]

Grossly undervalued you say!

I think not!

With $250 million in cash in the bank and 833 million shares on issue [that = 30 cents/share] I think i'll raise your grossly undervalued to a unbelievably grossly undervalued!

Convertible Bond issue (CBHGA) raised $200 million unsecured at a fixed interest of 7.25% p.a for the Panorama Project.

That's where the cash come from~

 

[dubiousinfo]

Michael

Less than a year ago, Comsec had the following forecast for CBH which was proved to be wildly inaccurate, as was the case for most forecasts by Comsec for miners.

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

thx

MS

Why would you think this latest forcast from Comsec would be any more accurate than the previous?

No 2010 forecasts atm

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 4.7 8.8 5.8 --
DPS 0.0 3.0 5.5 --

thx

MS

There are many posters on ASF that get a lot closer to the mark than Comsec forecasts when it comers to miners.

I am with Rederob and would much prefer to read your personal thoughts, rather than the repeated Comsec forecasts that are trotted out.