CBH 0.00% 7.0¢ coolabah metals limited

Ann: Trading Halt , page-14

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  1. 283 Posts.
    Here are some details:

    "DJ - CBH Resources Has Received Approach From Nyrstar - Report

    (END) Dow Jones Newswires March 11, 2010 18:08 ET (23:08 GMT) SYDNEY (Dow Jones)--Nyrstar SA (NYR.BT) has made another approach to CBH Resources Ltd. (CBH.AU), the Australian Financial Review reported Friday on its website without citing its sources. CBH Resources earlier asked for a halt in trading of its shares as it assesses a proposal that could result in a change of control transaction.

    Newspaper Web site: http://www.afr.com -By Sydney bureau; 61-2-8272-4681; [email protected] (END) Dow Jones Newswires March 11, 2010 18:17 ET (23:17 GMT)"

    Unfortunately I can't get into the actual AFR article as you need a subscription to read it. However we at least know the basics and the AFR article doesn't really have any further details. It would be great to see another offer price from Nyrstar as it should hopefully create a price floor for the stock. Who knows what it could be though. Maybe something fairly uninspiring like 14cents or maybe something vaguely realistic over 20 cents.
 
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