Mookie
Couldn't have summmed it up any better. I sold when they purchased TRIAKO and the share price is still about the same even now. TRIAKO assets are worthless. Why take over a company that will do nothing to your profit and dilute your EPS with script takeover. Mineral Hill was a dead mine 2 years ago and Hera won't bring jack until 2012. Sulphur Springs was delayed 6 months cause of environmental approval. Now not kicking off until may.
CBH is still trading on a pe of 10 even with profit rocketing to 50 million thanks to all their convertible notes and triako takeover.
ITS a dog with fleas and there are plenty of shares around to buy. If you believe their 2 year forecast and basemetals stay around current levels then its a 2 dollar stock but they have always failed to meet forecast. Its still only got endeaour and rest is blue sky. I would only consider buying for the lead.
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MookieCouldn't have summmed it up any better. I sold when they...
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