CBH - CBH Resources
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Kipp
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Yeajh I missed it too... no annct today fo CBH except the takeover news...tasmanian said:
Sean K
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nizar said:OUTSTANDING BREAKOUT ALERT........
Not 'outstanding' yet but Looking very positive on good volume.
I'm in for a few at $0.395.
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tasmanian said:
Yeah it was only for 10 min or so, followed by news release re. extension offer TKR.
Only picked it up as I was selling at the exact moment thru comsec
Woodo
kennas said:
look at the volume brother
the charts says everytime this breaks through 5mil on an up day it rallies... and now the volume is closer to 10mil
and the volumes have been picking up lately, and that big triangle u posted its juz a matter of which way it will break... i think its clear the direction is up...
and plus i juz saw a 300k and a 500k order both go through...
if 40.5c is good enough for them its good enough for me, so yes im officially in at 40.5c..
Sean K
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Sean K
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Well, well, @ .41. Could be ready to scoot. Happy I got in at .395 at this stage. Still, potential for bad metal market over night and a retreat...Hopefully, these good conditions continue.
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I jumped in on the last rally in July at .40 only to see it fall back to mid 30's.
Hope it can stay up this time.
It would be good to get an update on the progress of returning endeavour to 100% production.
Hope it can stay up this time.
It would be good to get an update on the progress of returning endeavour to 100% production.
Kipp
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Breakout seems to have halted- maybe because it's a dark day on the market (All Ords Down 40). Vol still very solid but plenty of Sell Depth.
Kennas- what do you reckon?
Kennas- what do you reckon?
Sean K
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Kipp, Holding ok above $0.40. $0.42 providing some resistance. Noticed the selling coming in there.
Would have to break down through about $0.36 for a real reversal. Looks like there's good support at $0.35.
Still, early days, can't go up every minute of the day.....Still looking positive to me.
Good long term stock if you believe the Chindiapanaiwanaporesia story still IMO.
Would have to break down through about $0.36 for a real reversal. Looks like there's good support at $0.35.
Still, early days, can't go up every minute of the day.....Still looking positive to me.
Good long term stock if you believe the Chindiapanaiwanaporesia story still IMO.
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Kennas 'Please Explain' Chindiapanaiwanaporesia
I see China-India-Japan-Taiwan- Singapore- Asia, is that right?
40c-46c will be heavy level to get over
I see China-India-Japan-Taiwan- Singapore- Asia, is that right?
40c-46c will be heavy level to get over
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Also K, can you redraw your chart with the upper triangle line starting at the peak price (60c or so),
Interested to see how that wedge looks,
Thanks
Interested to see how that wedge looks,
Thanks
Sean K
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he he, YT - Indonesia. 200m people will one day need more than a horse and cart and a bag of rice.
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lol what more could they need than a horse & cart and a bag of rice?
Oh right, hookers and alchol,
On a serious note, I see the bottom line of the triangle going all the way back to the Nov 05 low of 16c(so like an ascending support line which would make sense cause as time marches on CBH's improves its production levels etc which increaes its support), but can't really make heads or tails of the upper resistance, whether its a lid at 40c (looks likely) or some sort of descending line (but from which point?)
Oh right, hookers and alchol
,On a serious note, I see the bottom line of the triangle going all the way back to the Nov 05 low of 16c(so like an ascending support line which would make sense cause as time marches on CBH's improves its production levels etc which increaes its support), but can't really make heads or tails of the upper resistance, whether its a lid at 40c (looks likely) or some sort of descending line (but from which point?)
Sean K
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YOUNG_TRADER said:
YT, Can't really do a triangle from there. It doesn't link up with any other resistance points on the way down.
Came off with everything else today but still above the triangle after breaking through it. Still reckon 'break down' is through around $0.36/7 ish. Room to move.
As I said earlier, I'm short terming atm, so if it starts to break down, I'm jumping.
Also, yes, agree there will resistance at $0.45.
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Hey guys found this on sharescene
what you think kennas?
China's Zinc Demand to Increase 56% by 2010, Antaike Forecasts
By Chia-Peck Wong
Aug. 24 (Bloomberg) -- The demand for zinc in China, the world's biggest consumer of the metal, may rise 56 percent by 2010, Beijing Antaike Information Development Co. has forecast.
The country may need 4.8 million metric tons of zinc by the end of the decade, from 3.08 million tons in 2005, as it requires more of the metal to coat steel to prevent corrosion, Feng Juncong, a senior analyst at Antaike, a research agency that advises the government, said yesterday at a conference.
``As China's construction and transportation sectors grow, consumption has entered its peak growth rate,'' she said in a presentation in Inner Mongolia, a region in western China.
Zinc prices in London have surged 75 percent this year and reached a record $4,000 a ton in May on expectations China's expanding economy will require more metals, while smelter output in China has been stymied by a lack of mined material.
``China will definitely need to rely on imports to fulfill its annual needs'' in the next few years, said Feng, who has been tracking the industry for 12 years and correctly forecast China would become a net importer of refined zinc in 2004.
The domestic supply of mined zinc is likely to lag behind demand by more than 10 percent this year, pushing up concentrate prices, she said. She didn't provide an estimate of China's zinc production in 2010, saying that the country is likely to remain a net importer till then.
This year, China's net imports of zinc products, including mined output, or so-called concentrates, are likely to be stable at 860,000 tons, little changed from last year, as higher internationally-traded prices led Chinese smelters to export more, she said.
Record Forecast
Zinc prices in London, which have fallen about 16 percent from their record, are likely post a new peak in the fourth quarter as stockpiles continue to dwindle, Feng said.
``The fundamental demand and supply factors are still good,'' she said, without forecasting how high prices may rise.
Zinc stockpiles at warehouses monitored by the London Metal Exchange have plunged 55 percent this year to 179,175 tons as of yesterday, the lowest since early 1992.
China's lead consumption may surge 43 percent to 2.3 million tons in 2010 as demand from lead-acid battery makers soars 65 percent to 1.79 million tons, Feng said.
The forecast is ``definitely conservative as over the past 10 years, apparent consumption in China has grown 20 percent every year,'' she said.
Industry consultants including Michael Komesaroff said that developing Inner Mongolia's lead and zinc resources may help China reduce its dependence on imports.
`Own Resources'
``China will prefer to develop its own resources rather than buying from overseas,'' Komesaroff, managing director of Urandaline Investments Pty., said by phone from the northeastern Australian state of Queensland on Aug. 21.
Inner Mongolia is ``highly prospective'' in terms of lead and zinc, he said.
Of the 1.82 million tons of zinc concentrate produced in China last year, 15 percent came from the autonomous region of Inner Mongolia, making it China's third-biggest producer after Yunnan and Gansu, Feng said.
The region ranked as China's top producer of mined lead last year, accounting for 15 percent of total output of 630,000 tons, she said.
There are other advantages exploring for lead and zinc in Inner Mongolia, which possesses China's second-biggest resources of both metals, as many deposits also contain other metals such as silver, she said.
Inner Mongolia's government plans to spend 2 billion yuan ($251 million) in the next five years to explore for mines, Zheng Fanshen, vice director and general engineer of the region's prospecting and exploitation bureau, told reporters at the conference yesterday. Coal was the first priority, and base metals such as copper, lead and zinc the second, Zheng said.
To contact the reporter for this story: Chia-Peck Wong in Inner Mongolia at cpwong@bloomberg.net
Last Updated: August 23, 2006 21:35 EDT
what you think kennas?
China's Zinc Demand to Increase 56% by 2010, Antaike Forecasts
By Chia-Peck Wong
Aug. 24 (Bloomberg) -- The demand for zinc in China, the world's biggest consumer of the metal, may rise 56 percent by 2010, Beijing Antaike Information Development Co. has forecast.
The country may need 4.8 million metric tons of zinc by the end of the decade, from 3.08 million tons in 2005, as it requires more of the metal to coat steel to prevent corrosion, Feng Juncong, a senior analyst at Antaike, a research agency that advises the government, said yesterday at a conference.
``As China's construction and transportation sectors grow, consumption has entered its peak growth rate,'' she said in a presentation in Inner Mongolia, a region in western China.
Zinc prices in London have surged 75 percent this year and reached a record $4,000 a ton in May on expectations China's expanding economy will require more metals, while smelter output in China has been stymied by a lack of mined material.
``China will definitely need to rely on imports to fulfill its annual needs'' in the next few years, said Feng, who has been tracking the industry for 12 years and correctly forecast China would become a net importer of refined zinc in 2004.
The domestic supply of mined zinc is likely to lag behind demand by more than 10 percent this year, pushing up concentrate prices, she said. She didn't provide an estimate of China's zinc production in 2010, saying that the country is likely to remain a net importer till then.
This year, China's net imports of zinc products, including mined output, or so-called concentrates, are likely to be stable at 860,000 tons, little changed from last year, as higher internationally-traded prices led Chinese smelters to export more, she said.
Record Forecast
Zinc prices in London, which have fallen about 16 percent from their record, are likely post a new peak in the fourth quarter as stockpiles continue to dwindle, Feng said.
``The fundamental demand and supply factors are still good,'' she said, without forecasting how high prices may rise.
Zinc stockpiles at warehouses monitored by the London Metal Exchange have plunged 55 percent this year to 179,175 tons as of yesterday, the lowest since early 1992.
China's lead consumption may surge 43 percent to 2.3 million tons in 2010 as demand from lead-acid battery makers soars 65 percent to 1.79 million tons, Feng said.
The forecast is ``definitely conservative as over the past 10 years, apparent consumption in China has grown 20 percent every year,'' she said.
Industry consultants including Michael Komesaroff said that developing Inner Mongolia's lead and zinc resources may help China reduce its dependence on imports.
`Own Resources'
``China will prefer to develop its own resources rather than buying from overseas,'' Komesaroff, managing director of Urandaline Investments Pty., said by phone from the northeastern Australian state of Queensland on Aug. 21.
Inner Mongolia is ``highly prospective'' in terms of lead and zinc, he said.
Of the 1.82 million tons of zinc concentrate produced in China last year, 15 percent came from the autonomous region of Inner Mongolia, making it China's third-biggest producer after Yunnan and Gansu, Feng said.
The region ranked as China's top producer of mined lead last year, accounting for 15 percent of total output of 630,000 tons, she said.
There are other advantages exploring for lead and zinc in Inner Mongolia, which possesses China's second-biggest resources of both metals, as many deposits also contain other metals such as silver, she said.
Inner Mongolia's government plans to spend 2 billion yuan ($251 million) in the next five years to explore for mines, Zheng Fanshen, vice director and general engineer of the region's prospecting and exploitation bureau, told reporters at the conference yesterday. Coal was the first priority, and base metals such as copper, lead and zinc the second, Zheng said.
To contact the reporter for this story: Chia-Peck Wong in Inner Mongolia at cpwong@bloomberg.net
Last Updated: August 23, 2006 21:35 EDT
michael_selway
Coal & Phosphate, thats it!
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YOUNG_TRADER said:lol what more could they need than a horse & cart and a bag of rice?
Oh right, hookers and alchol
Not necessarily in that order i might add
Alos do u knwo when they annouce full year result?
thx
MS
Sean K
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Interesting to see a 2m parcel go through late this afternoon bringing in some late volume. Should find a good start tomorrow I reckon. $0.40 still the hurdle.
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