Watching CBH - Blogs - Aussie Stock Forums

View RSS Feed

The Lyceum - searching for eudaimonia

Watching CBH

Rate this Entry
CBH has underperformed the past year due to problems at Endeavour, which has subsequently come back to full production, but I think the market hasn't come around to understand they're back on deck.

Market consenses 12 month targets range between 80c and $1.00, which were promulgated around Christmas last year. Sitting now at about 57 cents it looks like a monty for a 20% gain in the next few months.

One thing NOT factored into anyone's valuations is exploration at Constance Range which BHP had a non JORC resource of 250Mt at 52% fe. I think CBH are drilling as we speak to take it to JORC and any good ann from this might be the impetus to allow it to run.

Chart wise, it's consolidated really well above 50 cents support, and looks to be forming a descending triangle which if breaks up, could take it to 80 cents and what is resistance.

Not holding yet, but almost.
Attached Thumbnails Attached Thumbnails Click image for larger version. 

Name:	CBH.gif 
Views:	128 
Size:	33.5 KB 
ID:	40188  

Submit "Watching CBH" to Digg Submit "Watching CBH" to del.icio.us Submit "Watching CBH" to StumbleUpon Submit "Watching CBH" to Google




Total Trackbacks 0
Trackback URL:
Aussie Stock Forums