They're a dozy lot down at IC. Today they have a piece on the flotation of Asia Energy plc on AIM. Chunky coal deposits in Bangladesh. Market cap. expected to be about 30m.

What IC fails to notice is that CBM has a 55% stake in AE. 55% of 30m wd be 16.5m.

CBM's current total market cap at 63p is er... about 16m!!

So we get Western Canadian Coal (about to float on AIM), Pageton Coal in West Virginia, AGD Mining, Subranum Gold in Ghana, and CBM'z most recent acquisition Zhibek Resources (again planned to float on AIM in 2004) FOR NOTHING.

Fill your boots folks, this is set to double.

that is an uderstatement. add to that the cash they have realized from AEN while retaining the royalty arrangement it is very undervalued. i am in at this level and would look for 250p

there's something up

all quiet then deals coming thru apace since about 12.50

AEN spikes 10% on similar trading ??

Someone knows the Bangladesh decision on the Phulbara mine ?

AEN collapse leaves CBM with what is likely to be worthless roylaties

With there biggest holding being whacked on a share price front -- WTN -- look like the stock will tread water at best

Management remains excellent and don't forget they got out of their whole AEN stake with profits that have effectively been a company maker

NOt holding since May but will keep watching -- WTN remains the big negative and coal prices still slide

Why no one has discussed this share today,high volume,highest gainers,i mean one of them with a take over chance.

ateeq, if you check out the WTN thread i,ve compared both over the last few days.
cyril

not a bad day especieally profit taking from yesterdays hike,could see another surge once the profit takers are happy with there profits.

SP ticking up very nicely to recent high,some way still to go imho?

My last post said it all (some way to go, 140p at the time), 192p at present and still rising.
A quick summary
CBM owns a large slice of WTN (which it has up for sale), and is presently in nogotiations with CLN (almost started a thread for CLN but with no interest, thought better of it),which has moved from 38p to 49p at present.
Coal at present is one of the most profitable commodites at present and is doing
very nicely for me(CDN up to 78p) and i find it a shame that so little interest has been shown.
cyril

http://www.cambrianmining.com/Doc/Presentations/MayRoadshow2008.pdf

Yes,so little interest(post41), up 16% today at 227p and could go a whole lot further?
aimo
cyril

Well done
looks like it might have legs to 270
quiet boards always a good sign :-))

Niceonecyril, well done on your research. Lurker on Moneyam.Holding CBM.

As we all know CBM is trading well below NAV of 4+.

WTN @ 4 a share means 348 millions cash to CBM & @ 5 means 435 millions cash to CBM.

CBM 215 millions at close today.

CBM have 87m shares in WTN closed 430p; 35% of CLN closed 66p ; 28% of EGB ;50.5% of Xtract ; AGD 100pc & 9 other investments.

Flying again this am, could we be haeding for 3 by the end of the week?
cyril

is this worth buying today?

Great article on
http://www.minesite.com
You need to register( well worth it and free) to read the article.
cyril

With CBM, about to buy CLN i thought it wprth posting todays RNS on here.
http://www.investegate.co.uk/Article.aspx?id=200806160700047281W
Looks like a barguin for CBM?
cyril

Getting betterer and betterer.
http://www.investegate.co.uk/Article.aspx?id=200806170951328694W
cyril

Of course you could always buy CLN which has 3.25 to 1 CBM share on offer, making it a cheaper way in?
3.25* .69p = 224p against the 243p for CBM?
cyril

WTN updates on its thread, exciting times ahead with the possiblty of a sale?
aimho
cyril

All 3 of the triangle doing well today, which is to be expected imho?
cyril