I also bought in at 10c knowing that 10c was a bargain basement price for a stock that is worth a lot more, especially so should certain things go its way. Today's announcement is a big step in the right direction for the company and being a long-term holder I am very happy about that.
Toho is in CBH for the long-term and isn't interested in takeovers because it wants and needs CBH's resources, not a cash payout. Natural resources are of a very strategic nature in Japan and Japanese companies are hardly about to let a European, Chinese or any other "entity" deny them what are much needed supplies of natural resources to a country that barely has any.
CBH Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held