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     dug
Member
Username: dug
Post Number: 1187
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Thursday, June 15, 2006 - 09:33 am: |  
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Fell into my hands again yesterday.Not just because it has taken over the ground of BHP around Broken Hill is CBH a sentimental favorite.
Consolidating it's Holdings in western NSW,CBH has Infrastructure and is Producing Silver,Zinc even bought a Gold Prospect recently etc.etc.
Should stay above 30 centsish from now on.
Long Term chart.Back later to chat about it.
Happy Trading.
Avatar- PHACOPS{speculator}from the Devonian Period.
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tryhay
Member
Username: tryhay
Post Number: 207
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Sunday, July 09, 2006 - 11:13 am: |
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Hello Dug,
CBH looks like it has respected the LT MA (& the ST trend line) and both the weekly and daily TMF is pointing up ~ so all things being equal it should bolt out of the blocks (right?)
Daily chart:
I own and intend on topping up on Monday 
Incredible Charts
now with US Data
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dug
Member
Username: dug
Post Number: 1254
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Sunday, July 09, 2006 - 12:40 pm: |
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I'm confused by CBH,tryhay.
It's biggest shareholder recently topped up at 41cents.
The Traiko takeover was based on CBH being 51 cents.
That big shareholder[some Japanese Zinc processor]has organised a massive Yen Loan for CBH to be diversifying out of single mine Broken Hill area.Loan Terms seem to set-up CBH for future take-over if not proper financing instead of diluting the Register.
This is ALL good news,indicators,right tryhay?but why is the share price so 'lack lustre'?
I got out at 36 and missed getting back in at 32.5.I'm getting the impression this may fall into a range again maybe 34/35 to 40/42 tops?
I just can't find the reason why this fell so much from the 50's[other than Market at time] but I don't like that it hasn't bounced back above at least 40 on significant Volume quick smart.I don't just pass it off as tax-selling,no one significant is Buying at this Level,it'sjust selling.
There is no Eagerness to back this 'good investment ' in d'Materials Sector?Are the Jap Shareholder seen as a Hang-Over Holder?So kind of detriment?Future price depressor?
For example,This could result in the Traiko Deal folding,expense to CBH for nothing.
There's certainly long term potential in CBH but I wouldn't let short term price fluctuation just go by.I'm looking to trade this short term with a core long term parcel yet to be bought.Have you done d'Aspect/Huntley value on this ,tryhey? 96 cents "They"reckon.
Something is Happening but I don't know what it is...yet.
cheers.
Avatar- PHACOPS{speculator}from the Devonian Period.
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dug
Member
Username: dug
Post Number: 1256
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Sunday, July 09, 2006 - 02:05 pm: |
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My CBH charts
Longwhile
Up Close.
Avatar- PHACOPS{speculator}from the Devonian Period.
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tryhay
Member
Username: tryhay
Post Number: 208
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Sunday, July 09, 2006 - 02:56 pm: |
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No cause for alarm Dug ~ just been catching up on zzzzzzz
One reason I like this share is I worked in western NSW and so I know the quality of the ore lode they are currently mining and may mine in future (at Broken Hill). I also like the end to end production to port approach, and they will soon not be a one mine outfit, but multiple mines in various commodities.
The method of mining they use at Cobar (ar la concrete stope replacement) reduces the recovery on one hand (because they end up processing concrete with the ore recovered) but it means that they get all the ore from the section being mined on the other(pretty novel approach).
The poor SP late last year resulted from stope collapse, and I think the SP reflects a jaundiced public/instu ~ but I cant argue with the technical chart (maybe with a stop loss at 30c? Furthermore, the price of zinc and the zinc technical/fundamentals mean I expect this one to bounce (as do Traiko and others).
I'm only looking at a short term trade (to 50 or bit more) - and am not planning on topping up to ludricus numbers (100,000) until it behaves in uptrend.
By the way I'm not into Huntleys or others - and my UBS broker dont know about much outside the top 200 but he likes the brokerage and will compare charts on request.
PS I notice that:
* RSI coming back to 50
* MACD now +ve
* OBV slightly rising
* the herbs and spices looking pretty good
I dont have to understand the computer working/s to post this - & I'm confident enough in CBH to increase my position ~ not for the Super Fund yet
Mark
(Message edited by tryhay on July 09, 2006)
(Message edited by tryhay on July 09, 2006)
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dug
Member
Username: dug
Post Number: 1258
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Sunday, July 09, 2006 - 04:48 pm: |
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Yeah I'm not alarmedbut Alert
Seems to me there is a Degree of Vertical Monopoly going on with this Jap Zincer.[much like the Koreans and KZL]
Yes CBH is diversifying it's Mining Sites.That's excellent.
But CBH is still "Old time Producing" as in,Tryhay,are you aware that r2r scorns CBH?and that archer thinks CBH is run by 'morons'?It's all in their [CBH's] sale in advance of it's Silver and the use of Hedging,that's what gets r2r/archer "snickering".
You can see the reasons Why if you put CBH up comparitively with KZL and Zinifex.
CBH IS going over OldGround,tryhay.Maybe that's WHY they are setting their stock in Concrete!!
All in all,CBH is a definite long term play but,well,personally at the moment I'm thinking that a lot of d'HotMoney,like the Oz day2day speculate money is tied up in AUM.
How do you think a $7 AUM gottaBinit share is going over with the "Dare2Make it",spiv crew like at Cold Steel/Hot Cobalt,whatever it's called,hmmm tryhey?
cheers,
jr
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tryhay
Member
Username: tryhay
Post Number: 210
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Sunday, July 09, 2006 - 05:38 pm: |
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Pleased to see you are Alert Dug
Even our Uranium explorers/wannabe producers are using the "old economy" approach (without the mining industry our country would be stuffed).
I can not make investing decisions based on the prejudice of others ~ even if their opinions are valid.
Seed money for mining development capital expenditure does not grow on trees ~ and with production at Cobar ~<50% still (and the required modification in stope construction increasing production costs) at least the directors are sourcing funds from willing investors. Taking pot shots at past decisions made by CBH directors before silver price took off is for the birds ~ no offence intended guys.
The two +ve events happening for CBH currently are listed below:
* Zinc Concentrate Sales Arrangements to provide $30 million to CBH.
The funds to be provided by Toho will be directed towards the Company’s equity requirements for its planned new development of the Sulphur Springs zinc-copper deposit in Western Australia and the Broken Hill zinc–lead-silver project in New South Wales
* CBH Resources and WRF Securities to Negotiate Joint Venture Agreement for the Constance Range Iron Ore Project
Granted the hot money is in AUM (looks like most from this forum missed out) and rather than vegetate I think CBH is worth a punt ~ DYOR etc.
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tryhay
Member
Username: tryhay
Post Number: 211
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Monday, July 10, 2006 - 07:16 pm: |
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More bongo drums for CBH Company Announcements Office: "The Company advises that the offer period (for Triako Resources Ltd) is now extended to close at 7.00 pm (Sydney time) on 3 August 2006". This is likely another factor in producing the wierd Sp recently.
So I bought into GBG this-morning and hesitated on CBH. I can not get over CBH's narrowing Bollinger bands (may be +ve or -ve) and the rising OBV and other select indicators (ERBR etc) are screaming buy ~ not to mention the spinning top today at the top of friday's candle. Bit of MA resistance seems to be causing hesitation in the SP right about here - am expecting it to go to ~40c soon.
I think I'll just have to satisfy the plan here Dug and top up tomorrow.
Mark
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dug
Member
Username: dug
Post Number: 1259
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Tuesday, July 11, 2006 - 09:19 am: |
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Not enough Traiko shareholders are accepting CBH's Offer,tryhay.
It won't be 'Good' if CBH has to make some Cash incentive as well as issue shares to take it over.
perhaps check buying Traiko at the moment?back door entry to 3 shares in CBH +small cash 'bonus'? I haven't done the maths on that.I just think CBH could be back to 34 even 32 again before it's 40.
Yesterday was a 'Bad' reversal.As I said earlier Only the Sellers are Keen,there's is minimal buying pressure above about 35 but I'm not reading your exotic indicators of certainty so you follow your plan.
cheers,
jr
Avatar- PHACOPS{speculator}from the Devonian Period.
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dug
Member
Username: dug
Post Number: 1260
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Tuesday, July 11, 2006 - 04:28 pm: |
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Today was a WORSE Reversal than yesterday!!
Even though it ended UP!!
A Gap reversal,deadman's candle in candlespeak or something.
BtW,tryhay a single clown at 10:39:10am buying 6500 at 40 cents Don't Count as a BreakOut!!
I figure CBH is under some dark cloud.
AGM is bashing at resistance 31.That's my Go.
cheers,
jr
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dug
Member
Username: dug
Post Number: 1278
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Saturday, July 15, 2006 - 02:09 pm: |
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Any advances on Bullish thinking,tryhay?I can't get past CBH going mid/low 30 cents again say 34.
put in two downtrend lines.I figure both are "Valid".Read somewhere that cutting thru wicks on candles is "Acceptable".
Worse feature of past week is those rising reds.
Everyday it closed Lower than it Opened yet still higher than the previous day's Close.[It's not my fault if that don't make sense to you!!]See also the Two previous times that it rose in d'Red.Note subsequent reaction.
Imagine the Traiko take-over target shareholders.
They get a letter valuing their Traiko at $2[3.5 cbh shares at 50.1 cents+about 20 cents in Cash]=$2 BUT with CBH so down?well they[the Traikoers] can't be too Wacko about being Taken-Over.It won't be Good4CBH if it has to pay more in Ca$h.
I'm wondering about this Low Interest Loan that the Jap Zinc Major Shareholder is organising.They got Interest Rates again in Japan now.No more Free Yen,right?
but that's all too High Finance for me to worry about.
Thirty Cents[30c]should be Rock Solid as a Support no matter what Happens[of course 'no matter what' doesn't cover EVERY contingency]but I think I'll join the Depth down near there for the moment and watch developments.
Happy Trading
Avatar- PHACOPS{speculator}from the Devonian Period.
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tryhay
Member
Username: tryhay
Post Number: 212
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Saturday, July 15, 2006 - 07:37 pm: |
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Hello Dug,
Thanks for your comments on trading - I appreciate your perspective and comments even if I mainly check them out on weekends. (PS Hope you dont think I am ramping here dug - that is not my intension or approach)
FWIW I have not topped up on CBH yet ~ too busy on other fronts and so dont have funds to top up.
I note your downtrend lines and agree they have some validity ~ but suggest that the downtrend on the Daily chart below is more conventional and just as valid.
Worse feature of past week is those rising reds.
I agree the daily rising reds are apparently unattractive but the uptrend still looks intact ~ probably no cause for alarm. I guess this phenomena is a bit wierd but fits into CBH's recent performance. I think friday's market performance was a shocker - but CBH's friday candle is still a toy hammer above the ST trend.
DAILY:
I suggest that the weekly chart (further below) looks more positive than recent weeks ~ maybe once the SP gets through the 13 week MA it can keep this trend going.
WEEKLY:
Imagine the Traiko take-over target shareholders.
I note CBH is topping up slowly in Traiko and probably will need to increase offer price to be successful in takeover ( I think they are still <40%) ~ but they seem to have funds available (even if not a 0% interest). Bit of a volitile time ahead even if the market behaves itself.
Thirty Cents[30c]should be Rock Solid as a Support Yes that looks true and that might suit me if it does bounce back down ~ but I have a feeling that 33c will be as low as CBH SP will go.
That is my current thinking
Happy trading :-)
(Message edited by tryhay on July 15, 2006)
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dug
Member
Username: dug
Post Number: 1280
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Sunday, July 16, 2006 - 11:53 am: |
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A junior just listed this week-Cobar Consolidated.tryhay.
They have some leases out that way and are using the $5mil odd raised to 'Test' them.
It's your standard Lead and Zinc with possibilities of Gold and/or Silver.
They are obviously in CBH's territory and any confirmation by finding any and all of these,would bring CBH maybe into Take-Over?That of course,[take-over/consolidation]is the Big Theme of the Junior Miners.
They're angling for 'critical mass' that will bring on major Institutional buying.
It is really positive that CBH is diversying out of the Cobar region AND at the same time being a Main Miner in such a famous Mining Area.
I figure it'd be Easier for CBH to get staff,tech support,contractors etc. than say in d'Back of Beyond as in Nth.WA.
That CBH has that Infrastructure in Newcastle port is a Bonus,too.
There's problems at Newcastle Port[ships back up]but CBH having THE crane and all that Rail Network set-up from donkeys years ago has to be a Bull Positive for CBH.
Yet they gush over MMX cos THEY say THEY might,maybe build a Port and railline and,well,a whole bloody Town to 'work' d'MMX holding.
Ah well,CBH.
seeya on the sub34 Buy Line tryhay.
cheers,
jr
Avatar- PHACOPS{speculator}from the Devonian Period.
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dug
Member
Username: dug
Post Number: 1361
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Wednesday, August 09, 2006 - 04:39 pm: |
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Here's that New Floater that's bobbed up in Cobar,tryhay.
They raised $5mil to drill TWO specific holes and the Results are due End of September.
Now the plot is,tryhay,coloured by New Float.
New Floats "Get off to a Good Start",they in fact can be SHOCK HORROR
manipulated to "get a GO on".
So tryhay,I suggest waiting til someone who is NOT in on d'Plot,dumps some shares,takes STAG profits as dey say.
ie let it get back to,say,34ish and then Buy In for a Run at hole digging Results.Ok?
Happy Trading.
ps-Surely there wouldn't be in this Forum such a complete WALLY as to actually drive one of dem,you know,
Stag Cars!!!Lol,like LOL.d'Jag is bottom line enuf,surely!!??!?
Dig for the sake of it.
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tryhay
Member
Username: tryhay
Post Number: 243
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Wednesday, August 09, 2006 - 09:48 pm: |
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Hello Dug
CCU is bit too speckie for me dug - Yes I know CBH is small cap too but at least it has got legs and history.
The current Traiko takeover is bogging CBH SP down, however I suggest that the MACD etc are priming themselves for a powerful move (probably up ~ that I'd like to be part of).
The chart below demonstrates the point.
I think I got the gist of the PS dug & I think I'll leave that comment alone :-)
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tryhay
Member
Username: tryhay
Post Number: 253
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Wednesday, August 23, 2006 - 08:22 pm: |
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CBH price and volume increased significantly today: would not be surprised if CBH went to ~55c in the next week or two.
Weekly chart:
On another matter, CCU seems to be hugging the bottom bollinger band :-(
I should have topped up on CBH already ~ but I dont think it is too late for a ST trade ..
Mark
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holycow
Member
Username: holycow
Post Number: 2684
Registered: 08-2004
Rating: N/A
Votes: 0
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| | Wednesday, August 23, 2006 - 09:23 pm: |
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CBH Daily
1) Dug & Tryhay... don't give up on CBH just yet!
2) I am assuming the FA side is sound and OK by both of you 
HC
"... if you've got a chart, I have an opinion!"
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holycow
Member
Username: holycow
Post Number: 2740
Registered: 08-2004
Rating: N/A
Votes: 0
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| | Thursday, August 31, 2006 - 11:07 am: |
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CBH Daily
1) credit to Dug and Tryhay on this one...
2) did a bit of dirty here by emailing a couple of people for a bit of head up, anyway, early bird doesn't always get the best worm. Let's watch and see where CBH is going.
HC
"... if you've got a chart, I have an opinion!"
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wombat40
Member
Username: wombat40
Post Number: 73
Registered: 07-2004Rating: N/A
Votes: 0
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| | Friday, September 01, 2006 - 10:12 pm: |
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plse dont put the mossa on this one guys.....
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tryhay
Member
Username: tryhay
Post Number: 321
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Wednesday, October 11, 2006 - 05:08 pm: |
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CBH has recently been rangebound but has had a big day today: up 4c on over 20M volume. Perhaps 60c interim target - wonder if the xao will remain strong?
Daily chart:
Holding & watching........
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kate
Member
Username: kate
Post Number: 378
Registered: 04-2005Rating: N/A
Votes: 0
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| | Wednesday, October 18, 2006 - 04:25 pm: |
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Anybody have any idea why the huge move up today - another takeover target?
Kate
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tryhay
Member
Username: tryhay
Post Number: 335
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Wednesday, October 18, 2006 - 04:49 pm: |
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Hope you are not complaining Kate!
There are no special company announcements ~ but they seem to be looking after some directors ......
It is an attractive looking chart and given the price and volume action today 70c may not pull it up
Who is going to do that techie stuff on the leg up target?
Daily chart: up 13.7% on nearly 10M volume
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kate
Member
Username: kate
Post Number: 380
Registered: 04-2005Rating: N/A
Votes: 0
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| | Wednesday, October 18, 2006 - 05:47 pm: |
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Complain, I don't think so! Just trying to work out how to play it.
Good luck Tryhay.
Kate
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perdant
Member
Username: perdant
Post Number: 1
Registered: 09-2006Rating: N/A
Votes: 0
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| | Thursday, October 19, 2006 - 07:31 am: |
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Hi everyone!
This is my first post here but thought i could add some FA for what it is worth. The following is from a post i submitted elsewhere around the begining of September.
I am trying to find a point where this might pull back so that i can look for a opportunity to increase my holding by selling and buying back at a lower price. This is however difficult as there are no lines of resistance now CBH has reached new highs. I wonder after yesterdays rush to get on board, especially in the last 30 minutes and during match up, what will happen the rest of this week, especially if news in the US stays rosey.
Anyway here is my post. Any comments greatly appreciated. Perdant.
"...I have just been going back over this takeover offer as i am wondering why it is taking so long. Perhaps more experienced traders can comment on whether this is the norm?
On 18th May this year CBH announced it intended to takeover TKR. It needs 90% of the TKR shares on issue and FIRB [foreign investment review board] approval which was granted in the ann dated 28/6/06.
Since that date the offer has been extended on
10/7/06 until 3/8/06 again
25/7/06 until 18/8/06 then
9/8/06 until 1/9/06 and again
23/8/06 until 15/9/06
On the 27/7/06 CBH announced a 'No consideration Increase' for the takeover offer.
These are some of my thoughts:
* As of last Friday, CBH has only 71.85% of the issued shares. One would expect that the offer will have to be extended again.
* TKR holders seem to be dragging their feet. Each ann from CBH regarding 'change in substantial holding' for TKR seems to 'sqeeze out another 1%.
* Given that TKR director Geoff Lord has still not surrendered his 10.5% holding, [despite us being reminded that all TKR directors supported this takeover] will CBH ever get to the 90% required?
* Is Mr Lord holding out in the event another party comes along? I would guess this to be extremely unlikely given the advanced position of CBH now.
* CBH SP will continue to be held back until this is resolved [which suits me atm as i might have an opportunity to buy more]
The plus for CBH is TKR's Hera Project located about 150kms from CBH's Cobar Endeavour Mine.
The takeover ann on May 18th states indicated and inferred resources at Hera of 1.9M tonnes at 6.7g/t gold, 2.8% zinc, 2.5% lead. 0.2% copper and 14g/t silver.
}
13.8 Million tonnes at 3.7%Zn, 1.4%Cu, 21g/t Ag [or 6.4% Zn equivalent] Within this resource is a higher grade component of 8.5Million tonnes at 5.2% Zn, 1.9% Cu, 25g/t Ag or 9% Zn equivalent. [ASX ann 2nd March]
ASX ann 17th July states 8 yr mine life open cut then underground. Assays vary slightly from those above but suggests one of the largest in WA. Assays are also divided into proven and probable.
Rasp Mine
Resource zone of 5% Zn + Pb cut off totals 9.2 Million tonnes at 4.1% Zn, 2.8% Pb and 32g/t Ag. [ASX ann 23rd May 2006] Resource upgrade 12th July ASX ann shows better than this.
Constance Iron Ore
JV with WRF 30% interest by issuing $1M in CBH shares and paying $200K in cash. CBH can earn up to 50% of the JV by completing a BFS [Banakable Feasability Study] total budget allocated for this project is $5M. This project is located just 40kms from ZFX's century mine and was explored by BHP in the 50's and 60 and they identified a pre JORC resource of 245 Million tonnes grading 51.3% Fe and 9.4% SiO2 from a significant sedimentary hematite target [Verdi help here please]. [ASX ann 24th May 2006].
Kangaroo Caves
JV with Sipa resources. CBH can earn 60% interest by spending $4M by 2009. The JV hopes to define and extend the 1.7Million tonnes 9.8% Zn and 0.6% Cu resource established in 1997. See the ASX ann on 21st June 2006 for latest resuts that find the resource is both near surface wider and deeper than previously thought. This is contained within a shallow dipping massive sulphide system [verdi help again]. This JV is also close to CBH's Sulphur Springs project.
CBH also have committed silver sales to Coeur D'Alene worth $A50M of which they have received $A20. All of the silver from Endeavour is pre sold to Coeur D'Alene. CBH also have committed zinc sales to ZFX and Japanese company TOHO from 2009. They do had hedge however i have been unable to find the information related to the price they recieve for these commodities under the terms of their contracts.
Did i mention the ship loading facility at Newcastle?
CBH are a spin off from the failed Pasminco. Some quick research will show how much CBH paid PAS for the Cobar operation - from memory it was around $4M about one tenth what PAS paid.
Other companies that were borne from the failed PAS are ZFX and PEM. I am really excited about where CBH may be in a years time. Once this takeover is out the way who knows how far this can go.
So i guess as i read over what was going to be a couple of paragraphs, what i am trying to say is
'MOVE OVER GEOFF LORD!'
Have i missed something? Comments please?
***I HOLD***
PS: I guess i should acknowledge that some of these projects may take some time to come on-line and that we are currently in a resources boom.
However, CBH are producing the do have $ in the bank. Zinc supplies continue to fall and prices will rise. The number of Zinc producers is not large atm and so it will take some time before the Zinc shortage is addressed [i would proably reassess the situation in a year or so as more come on line our it might be like those that planted grape vines for wine a few years back ... now they can't give the grapes away!]. Check out the exploration they are doing around Broken Hill atm ASX ann 26th July 2006 activities report which suggests Zn near Mount Robe at 28.4% Zn [soil geochemical sampling] and oh, i forgot the Napier JV with Zn inferred at 8.5%
At 45 cents, they may be looking very cheap in a year of so.
DYOR *** I hold*** DYOR***I hold*** DYOR***I hold***
__________________________________________
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tryhay
Member
Username: tryhay
Post Number: 377
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Sunday, November 05, 2006 - 06:32 pm: |
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Hello perdant and welcome to the forum :-)
Your FA is detailed and I think many on this forum also favourably view CBH, PEM, & ZFX. The FA in cbh is supported by the strong looking chart/s:
Daily Chart: Shows a tight newly formed channel that is containing the price action so far.
Weekly chart: Price action seems to have tested the long term resistance and may now be support?
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bunyip
Member
Username: bunyip
Post Number: 6
Registered: 01-2004Rating: N/A
Votes: 0
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| | Thursday, November 09, 2006 - 06:49 pm: |
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Agree CBH in aggresive mode, If they can crack AWB monopoly > "Bingo".Ciao > b.
Ciao > bunyip.
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ken
Member
Username: ken
Post Number: 425
Registered: 04-2003Rating: N/A
Votes: 0
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| | Thursday, November 09, 2006 - 10:02 pm: |
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Hello Bunyip,
The CBH that is trying to sell wheat is a different company. This one was Consolidated Broken Hill, the wheat one is Co-operative Bulk Handling.
Ken
Trade with the trend, not against it.
The trend is the direction of the 22ema line (Elder)
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perdant
Member
Username: perdant
Post Number: 2
Registered: 09-2006Rating: N/A
Votes: 0
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| | Friday, November 10, 2006 - 08:35 am: |
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Tryhay,
Thank you for the welcome!
I have been trying to work out what the price will do next. Over the past two to three weeks the number of shares wanted outnumbered those on offer by between 2 and 5:1. Yesterday, there was a sudden reversal of this 'trend'.
I am wondering if it is a result of CBH reaching a new high and profit takers moving in. Will it drop back to 70 - 72 cents before retesting the higher levels and/or setting a new high?
When i compare the price of CBH to KZL, TZN and ZFX [and i don't have any fancy package that does this, just what NAB provides me with] i can see that at around Sept 05 all four company's SP were of comparable value [but comparable to what? each other based on ..?] Anyway, of course we know that in Oct 05 the Endeavour had a stope collapse and the CBH SP left this comparable price line and has remained 'under valued' in comparison to the other three ever since.
Given Zn stores have now dropped below the 100,000 tonnes and the TKR takeover has been finalised should we expect CBH to be valued higher or will it remain the poorer cousin?
I notice as i type this that opening match up suggests a fall this morning, although there has been support over the last few days whenever the price has dropped suggesting confidence.
I am sorry i cannot comment on what a 'channel' does or implies. My TA is non-existant, hence my reasons to join and look here.
It would be nice to get a positive ann shortly with either the projects in WA or Hera.
In the meantime, i plan to try and keep increasing my holding by keeping a level head when others and the market isn't. These represent terrific buying opportunities and a way of growing the portfolio without extra money.
Good luck,
Perdant
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dug
Member
Username: dug
Post Number: 1688
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Friday, November 10, 2006 - 11:30 am: |
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Greetings perdant,
You seem very well versed in Basic Fundamentals.We get too few new members from that side.
Haven't the time to post a comparative chart but the concensus opinion around here is that the price differential you mentioned between say KZL and CBH is being caused PERHAPS by Hedging,in that CBH forward sells it's production at Lower Prices than the current Spot/LME day price.The hedged price is very much lower than the Spot.
Thus profitability is affected.
Member rederob who mostly rabbits in Our Daily Bread thread/Hilarius Hall of Fame Section is the forums leading proponent of this Angle.I don't agree wholeheartedly with this Theory but,I'm,well,known to be cantankerous,like if you have a point of view?I've an argument!!contrarian,that's what that's called in polite society,so I'm told.
Anyway,tell us about what else you got.Hope you're not solely buying CBH cos that Could be a Big Mistake.
Hope you're off the Time Delay soon,perdant.
cheers,
jr
Dig for the sake of it.
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macca888
Member
Username: macca888
Post Number: 32
Registered: 10-2002Rating: N/A
Votes: 0
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| | Sunday, November 12, 2006 - 05:29 am: |
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G'day perdant,
I'm not an FA kind of guy but if you wish to compare the charts of CBH to KZL, TZN and ZFX have a look at this page
http://www.incrediblecharts.com/technical/price_comparison.htm
You can change the time period of the CBH chart and the others adjust automatically.
You don't need a fancy package when you have IC.
Hope this helps
macca888
"Buy low, sell high is a cliche, not a blueprint for action. It blinds investors to the professionals' approach of buying high and selling higher." Stan Weinstein
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tryhay
Member
Username: tryhay
Post Number: 427
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Monday, December 11, 2006 - 06:35 pm: |
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One month since comment here on CBH.
I figured a price comparison chart may provide some useful data on how the Zincers are performing ~ and I've also provided a KITCO Zn price chart for contrast/comparison.
CBH_ZN Comparison chart: shows some sideways slide and consolidation in the zinc shares displayed, which in my opinion is likely to break out sooner than later (based on price action over the last ~60 days).
KITCO Zn chart: Notice how the Zinc price has been sliding sideways (generally) since ~ 23/10/06 - about the time that the equities decided to slide as well. Zn has already been trading a few hours today and the price is still around ~ $2.00 - so it looks like time to top back up in ZFX and maybe PEM before the next haul up from here.
Just my opinion DYOR
PS Unfortunately I have already topped up in CBH - just when some directors want to take some profit off the table. Perhaps CBH will be a little slow to respond to the expected increase in Zn Price + ZFX sounds to have had a "production problem" at Century so I think I'll hold off on topping up in it until there is some certainty in price impact. MRE looks more favourable I guess../..
Mark
(Message edited by tryhay on December 11, 2006)
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tryhay
Member
Username: tryhay
Post Number: 443
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Thursday, December 28, 2006 - 12:51 pm: |
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CBH Chart_update time: the MA's are compressing, volume is still decreasing (to toy amounts), Slow Sto looks like breaking out, & I'm hoping the directors have finished sellin off the farm (so to speak) ~ not too sure about the FA stuff.......
Chart: Not to mention DMI, MACD, Bollinger bands etc looking better
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tryhay
Member
Username: tryhay
Post Number: 569
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Tuesday, April 24, 2007 - 10:32 pm: |
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CBH Looks to be turning around: up ~ 6c today and closed 1/2 cent of high on big volume. MACD and other indicators looking +ve
Weekly Chart:
Daily:
Am tempted to top up on Thursday
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fox_terrier
Member
Username: fox_terrier
Post Number: 444
Registered: 10-2003Rating: N/A
Votes: 0
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| | Wednesday, April 25, 2007 - 09:02 pm: |
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Hi tryhay,
Newsletter recommendation on Tuesday led to the spike same thing happened to URA last week.
Cheers
FT
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tryhay
Member
Username: tryhay
Post Number: 838
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Saturday, December 08, 2007 - 01:31 pm: |
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CBH has been consolidating for over 12 months & looks to have done most of its porridge. It is finally on the right side of the 200_dMA and many indicators looking +ve.
CBH_Weekly chart: Couple of +ve recent company announcements re: "Significant Drilling Results at Panorama" & " High Grade Drill Results at Rasp Mine" can not hurt the share price IMO
CBH_Daily chart: May just break through the horizontal upcoming resistance
What is the zinc price & stocks doing?
 ........
Zinc price ~ time for a bounce?....Zinc stocks LME ~ pretty flat
I guess it is time to top up .....
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tryhay
Member
Username: tryhay
Post Number: 898
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Sunday, January 20, 2008 - 09:44 am: |
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Glad I didn't top up in december!
Seems to be strong resistance ~ 65c, but if the chart below plays out then ~90c is the target
Daily chart: RSI Oversold?
Weekly chart: H&S target 91c?
Happy trading DYOR
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