CBH 0.00% 7.0¢ coolabah metals limited

hold or fold, page-6

  1. 203 Posts.
    just went back and looked at dwecke posts for the last few months, has been pushing this really hard as it has fallen from over 50cps to current very low 13.5cps. seems to always crying foul over manipulation of sp, well those that have been selling down have been vindicated as fundementals look very ordinary, and most likely post a loss in current quarter, it may well be oversold but it is also a very high cost producer in a low zinc/lead price cycle. its new mine in WA in a good 2 years away, other prospective leases have been parked into another company structure, i would not consider this one to be pretty safe in the long run, could well struggle to survive if lead/zinc prices dont improve. next take over/merger deal will be negotiated from a desperate position for cbh, i for one dont have a very bullish outlook for cbh going forward.
    please dyor
 
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