CBH 0.00% 7.0¢ coolabah metals limited

If your in this stock for the long term You should be laughing...

  1. 155
    148 Posts.
    If your in this stock for the long term You should be laughing all the way to the bank in a years or so when all this market turmoil is over . I traded this stock on and off about twelve months ago and it was sitting around 55 cents had been into the high 70 cents , Then the subprime debacle hit for the first time and the sp has been declining ever since . However the company itself has only gotten better . Endeavour will produce more at less cost , I worked there for seven years and Rasp mine in Broken Hill is just waiting for the metal prices to rise . If in twelve months time the prices are back up to last years levels , the market is back to where it was before subprime crisis and Rasp is producing then this should be above one dollar going on history of the sp . At current sp that means almost ten bagger , But as I said along way to go from here and alot of patience required . Not ramping as I dont hold any stock , I dont have the patience .
 
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