CBH 0.00% 7.0¢ coolabah metals limited

Ann: Half Yearly Report and Accounts , page-2

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  1. 15,361 Posts.
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    Well at first glance that read alright to me. Anyone else got any opinions on it. Things seem to have improved greatly for CBH. The endeavour mine seems to be operating greatly and the Toho transaction when it goes ahead will have to increase the sp in my opinion.

    "The Toho Transaction includes the sale of 50% of
    Rasp Mine for $57.5 million (the Rasp Transaction) and a placement to Toho to raise an additional $10
    million at 20 cents per share (the Placement)"

    Also has anyone else noticed the massive accumulation of CBH shares recently? In this down market I have noticed the shares get dragged down to .12c with a few small sells and then bang the .125 line dissapears. Big buyers were there at .13 yesterday as well. I have been surprised we havent picked up on some good days but I believe many funds are all over this thing and are quietly accumulating. Hasnt really recovered from the GFC yet imo. I think CBH has a long way to go share price wise in the future. First obvious target has to be 20c or close to it imo.

    Cheers

    Chris
 
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