Copper pulls back, CCH/CBLRF goes up
One of the most reliable indicators of value, and predictor of a future move up, is when you see mining stock show strength when the underlying metal/commodity goes down in price.
Looks at this chart for Campbell Resources:
tinyurl.com
CCH.TO (Toronto exchange)
CBLRF.OB (United States OTC BB tracking stock)
Campbell is a PRODUCING copper/gold miner, trading with a forward PE ratio of below 1. They trade at a discount because they are operating under CCAA restructuring protection. The market expects them to emerge from restructuring very soon, and we believe there are indications that Campbell is now cash flow positive.
CCH had the highest volume on the TSX exchange on Tuesday (Jan 2nd).
On Wednesday, it had the 4th highest volume. It pulled back slightly on Wednesday (as copper fell), but if you pull up the trade details, you will see that most of the volume was at .12 and .125.
The CBLRF chart is also looking good, but CBLRF is only the tracking symbol. If you really want to buy or trade CCH, it’s better to buy on Toronto. Most U.S. Brokers can get it for you, but you might have to call in your order.
CBLRF.OB chart:
tinyurl.com
The CCH message board in StockHouse has been either the highest traffic board, or in the top 5 in traffic, for almost 6 months. The average post on that board now has over 200 pageViews in just one day.
Here’s a link to the StockHouse CCH message board:
tinyurl.com
If you find one of my posts (“BensonLurker”), and click my name, you will see a listing of all of my posts. I have written well over 50 pages of Analysis/commentary on CCH, and I invite your readership.
There is also a CCH message board here in SiliconInvestor. I am trying to get more traffic on that board. |
