CBH 0.00% 23.5¢ cbh resources limited

not as bad a report as expected

  1. 4,067 Posts.
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    given the fact that the sp has fallen from 65c to 34c (a 48% fall) I would have expected a worse result - they still made 8.8 mill profit (not the losses of many)

    With a asset backing of 22cps, I think that as long as grades recover (which is expected) there is a lot more upside potential - certainly more than the extra 12cps currently being paid.

    Anyway - it still shows that the market is never wrong - usually due to the rampant insider trading that takes place.

    I still hold, but luckily from only 37c - will reassess this as I see how the market responds once the dust settles
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