Resource Wrap: 12 March 2010 – CBH, BSM
March 11, 2010
CBH Resources Limited (CBH) shares were placed in trading halt this morning after the company said it had received a takeover proposal from an undisclosed party. The company requested the trading halt to enable it to consider its response to the proposal. CBH expects an announcement to end the halt would be made prior to the commencement of trade next Tuesday.
Bass Metals Limited (BSM) posted a net loss for the six months to 31 December 2009 of $815,806, compared to a profit of $4.5 million a year earlier. The company said the fall from profit to loss was a result of holding costs associated with the Hellyer Mill and non-cash write-off of exploration expenditure. Bass Metals said its Que River base metals mine delivered an interim operating profit of $3.1 million. The company said its cash position at the end of December 2009 was $16.7 million following actual cash flow receipts of $9.6m and successful equity raisings.
Bass Metals Limited (BSM) posted a net loss for the six months to 31 December 2009 of $815,806, compared to a profit of $4.5 million a year earlier. The company said the fall from profit to loss was a result of holding costs associated with the Hellyer Mill and non-cash write-off of exploration expenditure. Bass Metals said its Que River base metals mine delivered an interim operating profit of $3.1 million. The company said its cash position at the end of December 2009 was $16.7 million following actual cash flow receipts of $9.6m and successful equity raisings.
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