CBH - CBH Resources

[rwkni1]

I hear now that Endeavour production will not be back at 100% until Late September early October because of the current tight input market. There has been no official guidance from the company, has anyone heard anything to the contrary??

 

[YOUNG_TRADER]

sure why you thought that,


CBH has always given guidance that, March Qtr = 30%, June Qtr = 60% Sep Qtr = 100%

At 60% I'm expecting 15kt's of Zinc for this past qtr

KEY QUARTER HIGHLIGHTS
Endeavor Zinc, Lead, Silver Operations
• Mine production build-up on schedule with mine output for the quarter at 30% of normal
production.
• Substantial mine development and backfill in progress.
• Major plant and equipment upgrades and new equipment installed.
• Operations on track for 60% of normal production in June 2006 quarter and full production in
September 2006 quarter.
• A $2million surface drilling programme commenced to test mineralisation at depth.

 

[rwkni1]

Ahh OK, maybe i misinterpreted the info i was given - but in order to acheive 100% production for the September quarter, the mine would have to be running at full production now. I guess i would have expected an announcement from the company signalling that it was back to normal after such a long lay-off - i'm sure that would have given the share price a bit of a kick along.

 

[snapper_man]

Would've thought that CBH would need to make an announcement and a profit downgrade if they were not on track. Not sure if they meant full prod by 3rd qtr or for 3rd qtr. Need to check it out.
Picked up some CBH last week at .355. Seems like a pretty good long term punt to me.

 

[YOUNG_TRADER]

No wait, you guys maybe right, re-read my own info in post,


Operations on track for 60% of normal production in June 2006 quarter and full production in
September 2006 quarter

Full production in Sept Qte = Full production from 1st July to 30th Sept,

My mistake, sorry

 

[michael_selway]

No wait, you guys maybe right, re-read my own info in post,


Operations on track for 60% of normal production in June 2006 quarter and full production in
September 2006 quarter

Full production in Sept Qte = Full production from 1st July to 30th Sept,

My mistake, sorry

Once CBH annouces/confirms that, CBH should jump

thx

MS

 

[brerwallabi]

Once CBH annouces/confirms that, CBH should jump

thx

MS

Oh boy and I thought I used to ramp CBH when it was 17cps, keep doing it son I still hold some.

 

[michael_selway]

Oh boy and I thought I used to ramp CBH when it was 17cps, keep doing it son I still hold some.

Date: 31/7/2006
Author: Verity Edwards
Source: The Australian --- Page: 27
CBH Resources will work a discarded zinc mine in New South Wales. The company will spend up to $A50 million to reopen the Rasp mine in the centre of Broken Hill. The zinc is low-grade and was too costly to extract in the past. However, the high price of zinc and more cost-effective mining techniques have made the mine viable. A $A15 million exploration project is nearly complete. Mining will begin in 2008 and the mine will employ up to 100 people

thx

MS

 

[noirua]

CBH are being held back over the recent dragged out bid for Triako Resources that they may have thought was cut-and-dried.

 

[snapper_man]

Recent Hartleys broker report.....

http://cms.cbhresources.com.au//information/pdf/020806.pdf

buy....with target price 61c

 

[YOUNG_TRADER]

A bit of life, some large buy orders, a few large sell orders,

Has it nearly shaken out all of the weak hands? It certainly spent alot of time consolidating around the 36/38c level

 

[Sean K]

Done quite a bit of consolidating. Pretty steady rise after the Apr/May extreme volitility.

Looks like it's could be on the way up now. Recovered from the big fall after that sloping H&S pattern. Interesting that the neckline of that is close to what would be the next resistance at $0.41/42.

Might be looking at a breakout through there on to $0.45 +

Could break down though too! Need to watch it.....

But with the fundamentals looking good and the TKR deal almost done, perhaps that will be all it needs.

 

[Kipp]

Done quite a bit of consolidating. Pretty steady rise after the Apr/May extreme volitility.

Looks like it's could be on the way up now. Recovered from the big fall after that sloping H&S pattern. Interesting that the neckline of that is close to what would be the next resistance at $0.41/42.

Might be looking at a breakout through there on to $0.45 +

Could break down though too! Need to watch it.....

But with the fundamentals looking good and the TKR deal almost done, perhaps that will be all it needs.

Back to 38 today... is this a bearish sign that it did not breakout when it hit the apex of the support/resistence apex?

On the other hand- ZFX, JML, KZL all having a pretty good time of it. So surely CBH is due for a jump?

 

[nizar]

Back to 38 today... is this a bearish sign that it did not breakout when it hit the apex of the support/resistence apex?

On the other hand- ZFX, JML, KZL all having a pretty good time of it. So surely CBH is due for a jump?

CBH has been due for a jump for a very very long time

Id rather pay low-mid 40s for this when i know for sure it has broken out; charts look good though; volumes increasing but i really didnt like mondays dump on 3million volume close on the low

 

[Sean K]

It's still consolidating IMO. Not broken up or down yet. Still watching very closely, I reckon this will be next in line.

 

[michael_selway]

It's still consolidating IMO. Not broken up or down yet. Still watching very closely, I reckon this will be next in line.

yeah if it stays down while ZFX, PEM, KZL, TZN are goign up, CBH will becoem a takeover target

thx

MS

 

[rwkni1]

Unfortunately i dont think anyone can touch CBH given it is 25% owned by Toho Zinc. Either way - once Triako goes through and full production at Endeavour is announced its all blue sky - barring a sharp fall in zinc prices.

 

[Sean K]

Currently sitting just under $0.40 resistance, up a little on good eary volume. Looks like it could be going to go for a run. Perhaps.

 

[mrWoodo]

newbie lurker here

Trading halt on, fingers crossed !

Woodo

 

[tasmanian]

trading halt?????where did u see that