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.

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

All 3 trading well up, at 516p, 312.5p and 91.75p
cyril

Cambrian Mining Plc

Operations Update
London, 19 August 2008: Cambrian Mining Plc ('Cambrian' or 'the Company' or 'the Group') is pleased to update investors on the progress at its key mining operations. This press release is intended as an update on the operations of Cambrian that are more than 50% owned. As such it does not cover an update for our principal investment in Western Canadian Coal Corporation ('WCCC') which is subject to a strategic process for maximising value (Cambrian's fully diluted ownership in WCCC is 86.6 million shares).

Highlights

Scheme of Arrangement with Coal International Plc effective from 1 August 2008 giving Cambrian 100% indirect ownership of the Gauley Eagle and Maple Coal mining properties in West Virginia and 50.6% of Energybuild Group plc

Production at Gauley Eagle and Maple Coal operations is expected to be 2.4 million short tons of coal in the year ended 30 June 2009 at a cash cost of below US$75 per ton

Energybuild Group plc expects to produce 0.4 million tonnes of coal in the year ended 30 June 2009

Production at Costerfield gold and antimony mine is expected to reach 16,000 payable gold ounces and 2,000 payable antimony tonnes for the year ended 30 June 2009 at a cash cost of below A$400 per equivalent ounce, net of antimony as by product credit

Average contracted coal prices for 2008/2009 are in the US$/ton $63 to $121 range. Spot markets are in the US$/ton $100 to $250 range, depending on coal type and quality

Key risks to meeting planned production targets include the timely receipt of permits, cost inflation and availability of manpower. These risks are matched by opportunities to expand production in various areas if additional mining units can be brought on stream

Mark Burridge, CEO commented,

'Following the successful acquisition of Coal International earlier this month, Cambrian now has wholly owned coal mining operations with expected annual production of

2.4 million short tons over the coming year.

cyril

Bought back into CBM today at 193p which i believe to be a snip.CBM hold shares
and other options of over 86.5m of WTN which at todays value is worth 234m toCBM agaiNst a M/Cap of just 220. Now read my WTN post and see how undervalued that is and you will get my reasoning? Add to ths they own what was CLN (a coal producer)with a min value of 100m+ holdings in two other companies.
cyril

An article from the FT?

Cambrian Mining rose 13 per cent to 176p on talk that Western Canadian Coal, which also has a London listing, was poised to launch an offer for its rival. The two companies have a common investor, Audley Capital, the investment group run by Julian Treger. Audley's stake in Cambrian currently stands at 25 per cent.FT

cyril

BULLETIN U.K. REGULATOR PLACES TEMPORARY BAN ON SHORT SELLING

Britain bans short-selling, citing 'extreme' market climate

By Steve Goldstein
Last update: 1:11 p.m. EDT Sept. 18, 2008Comments: 11
LONDON (MarketWatch) -- Britain's Financial Services Authority on Thursday announced the unprecedented move of banning short-selling and forbidding any increase in new positions. Also, disclosure will be required on all positions of more than 0.25% of a stock. The ban is due to remain in force until Jan. 16, but it will be reviewed in 30 days. "While we still regard short-selling as a legitimate investment technique in normal market conditions, the current extreme circumstances have given rise to disorderly markets. As a result, we have taken this decisive action, after careful consideration, to protect the fundamental integrity and quality of markets and to guard against further instability in the financial sector," said Hecton Sants, chief executive of the FSA.

And not before time imho
cyril

for what the chart in this sort of company is worth, this does not look very healthy .... shame cyril can't see it - silly sulky boy!