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Warning ..... astrostuff ahead:
Hi folks,
..... a few astropicks for this week's watchlist .....
AXQ - BRZ - CBH - CMQ - CMP - CTN - CTO
CTF - CEQ - CHQ - QCH - UKD .....
happy trading
yogi
yogi-in-oz said:
Warning ..... astrostuff ahead:
Hi folks,
..... a few astropicks for this week's watchlist .....
AXQ - BRZ - CBH - CMQ - CMP - CTN - CTO
CTF - CEQ - CHQ - QCH - UKD .....
happy trading
yogi
Goose said:Yogi - you've tipped CMP which is having an absolute shocker. Why have you formed the view that it will go up?
nizar said:My thoughts on CBH:
CBH... firstly i think what happened at endeavour cave-in was very unfortunate, but highlights the need for these companies to diversify operational and production risk, which is why sulfur springs will be very important...
SS expected to go into production end of 2007...
Sulfur springs will increase CBH zinc output by about 50%...
Short-term, i think the share price will be supported by:
1. rising zinc spot price
2. open pit resource base reserve based on resource model will be completed very soon... they said "in the next few weeks" in their 2/03/06 announcement
3. BFS for SS completed by mid-year
THis company was looking VERY healthy at june2005, before that disaster halted output and depleted their cash... they used to have $34mil in cash and $5.5m debt... now $34million debt and $7.5mil cash....
Toho ZInc the largest shareholder with 25%, then ANZ, National, JP Morgan and Westpac CUstodians all in the top10...
Toho ZInc, largest zinc producer in japan, listed on nikkei, in the last yr sp tripled....
WHat i really like about this company is the earnings forecast... 9.8cps for 2007... thats massive, since when do companies with market caps $200million report NPAT of $50million !! THEY DONT, by the time they report this, the profit will be much higher as their margins will be fatter and the share-price too...
According to Value Model from Westpac Broking, the shares are currently valued at 83.8cents...
Exploration in CObar Basin, Panorama JV and Napier JV can only add to the upside, then uv got broken hill as well...
This will go to $1... director says same thing...
The increased scale and removal of the company's single-mine status should drive its share price "well north of A$1," Besley said.
http://au.biz.yahoo.com/060405/18/n3qs.html
yogi-in-oz said:..... 3 more IPOs, over the next couple of days:
FRV - ITT - PYM
)
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