CBH initiated talks with Nystar to build a run on the sp leading into favourable conditions imo. We all realise CBH are good at building a story ( also in the past )so from what can be seen as a derisory interest from Nystar ( by their bid) the talk builds an interest in the stock.All of a sudden we talk about it but keep returning to the benefits of a PEM/CBH tie in. Chinese and Pem have flourished.They are sitting back evaluating, know whats available...the value of it...but also know and are wary of the recent audacity and bs that followed the failed merger with CBH.They have no need to rush, need the euphoria to die down while they watch. The talk around town is that since the chinese have come into PEM, bill paying of accounts has seen a massive change for the better and this in turn feeds into a public perception and support for the Chinese backed Perilya. Good payers = good public citizen. So PEM are running at a high amongst local buisnesses and this feeds into the everyday citizen. All of a sudden we get the feeling of jobs on offer soon, miners may come back to their families here in town....and Strathy miners are apparently being .........hmmmmmm asked about possibility of coming home. More than ever my thoughts lean towards a Pem / Cbh hookup...........Pem are getting the runs on the board, financial backing (cheap) and public backing ( clearly winning the game here)..when the Nystar interest peters out due to a lowball bid, Pem come in, show a tad more respect, and the ineffectual and inept CBH board save their bacon.....and fill their pockets. Its on the wall for all to see. Cheers.
CBH Price at posting:
14.5¢ Sentiment: None Disclosure: Held
