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Creat Res Ld Share Discussion Threads
Showing 2126 to 2148 of 2150 messages
|mug punters who did zero research or are plain stupid deserve to get destroyed|
|Delisted and they did not even have the decency to put out an RNS to tell their long suffering shareholders their shares are now totally worthless.|
|Automatic delisting on Tues
Will Acta Top Up bother to come on and apologise to the people he misled?
Somehow I doubt it|
|With under a month to go before automatic delisting things are looking grim. Some people were warning that this was likely to happen for a long time, whilst others just wanted to kid themselves, and anyone who would listen, that everything would be fine.
We have all made duff investing decisions, the key thing is to learn the lessons from them. Learning how to read a balance sheet is a good first step in the learning process.|
Why I don't buy Chinese stocks on AIM
By Tom Bulford
Sep 18, 2012
Greg Rudd, the brother of the former Australian prime minister, once met a Chinese businessman who gave him some prudent advice.
"You tend to see the good in people, Mr Rudd", he started. "People like you. You laugh a lot. But you'll never make money in China with that attitude. You'll only be taken advantage of. People will trade off you. They won't pay you. The number one rule of doing business in China is this; never trust a Chinaman. Why would you as a foreigner trust a Chinese businessman when we as Chinese don't trust each other?"
Now that advice is pretty close to the bone. But I've said it before in Penny Sleuth you have to be very careful when you invest in a Chinese company. The record of AIM-listed Chinese companies is simply awful. And with so many still coming to market, there is a real chance that many private investors will end up making some very expensive mistakes...|
|theivorytower ~ thanks for that|
|Things are looking a little brighter for ASX-listed Galaxy Resources (ASX:GXY), which last week signed a binding share purchase agreement (SPA) with Sichuan Tianqi Lithium Industries (SZSE:002466) for the purchase of Galaxy's Jiangsu lithium carbonate plant in China.
The transaction is valued at US$230 million, including cash considerations of $122 million and the assumption of $108 million in Chinese debt, and will leave embattled Galaxy Resources looking at a very different balance sheet when it closes. Specifically, with the closing of the SPA, Galaxy will see its balance sheet transition from material negative working capital to a "pro forma positive cash balance of approximately A$62 million." That positive cash will enable the company to focus its efforts on the Sal de Vida lithium brine and potash project in Argentina, an asset it views as core from a position of financial strength.
Galaxy's managing director, Anthony Tse, told investors that "[t]his transaction with Tianqi provides Galaxy with the opportunity to significantly strengthen its financial position and transform its balance sheet," adding that moving forward, Galaxy will "continue to retain significant exposure to the lithium sector, through the Sal de Vida lithium brine project and with Mt Cattlin in Western Australia and James Bay in Quebec."
The SPA should take about three months to complete.
Tianqi ... sound familiar?
Investors familiar with recent action in the lithium market may recognize the name of the company that has agreed to purchase the Jiangsu plant. And with good reason.
Sichuan Tianqi Lithium Industries is part of Chengdu Tianqi Group, a private Chinese firm that is well on its way to becoming a world leader in new energy, new material and milking machinery manufacturing. It specializes in the lithium industry, a position that it improved in 2013 when it purchased Australian lithium company Talison Lithium.
|I note that GXY are selling their prize asset Jiangsu for US$122 million cash and $108 million debt. Their assets will therefore comprise Sal de Vida, Mt Cattlin and James Bay. CRHL's 3.7% stake is far from worthless. If Creat can get a profitable producer reversed into CRHL the losses may potentially get offset. All is not lost here, at least not yet|
|Suspended! only surprise is it did not happen earlier.|
|You have not taken account of the value of the listing. MINUS 9.98p is a much more realistic valuation|
|Another Acta_topup favourite
Massive massive debts here.
This should actually trade at -10p ( yes MINUS 10p )|
Listings are worth between £50 and 150k depending on the CVA deal that is done. With the massive debt vs the near worthless asset - GXY is suspended again! I really cannot see the equity of the shell being all that great. But taking a best case, yep the listing could be worth 0.02p per share.
The directors have not yet decided what to do, because Creat have not yet told them what is going to happen.|
|But crhl's broker explains "Directors haven't yet decided what to do, suggesting the stock is a hold for one way or another, adding that the listing is a useful commodity in itself"........................|
|Please note that I have recently started a thread for this sector, which may be of interest to readers:
BASE METALS & INDUSTRIAL MINERALS: Shares & Sector (BASE)
Please feel free to contribute your ideas, info., charts, & discussion.|
|Could CRHL be the new CNEL? New investment RNS pending...|
Whilst nobody should make an investing decision based solely on posts, any sensible investor takes account of all information and views in their decisions.
Why bother to post if you do not think anyone will take the blindest bit of notice, though given the complete garbage you have posted, I can understand why you might think nobody should take any notice of you.
I need no validation, I am not invested here, I am invested in GXY, time will tell if that was a good decision or not, but in making it I took account of all the information and views available on it. Given that GXY do produce a good deal of info and there is an active discussion about it on Hotcopper, I cannot complain about a lack of information and views.
CRHL however have produced no information and they could and should have. They ceased, over a month ago to be a significant investor in GXY, they did not tell their holders that nor did they give any explanation of why that was the case - they knew it would be. Even the reported phone conversation has not lived up to the promise reported in it.
Unlike you and CRHL, I have provided accurate and timely information regarding GXY and CRHL's stake in GXY as well as what has proved to be well founded analysis. So for you to ask "what are you talking about?" says far more about you than it does me, especially when you follow it up by trying to suggest I have something missing in my life. If people like me did not bother to share the information and analysis they have, we would have no discussion board worthy of the name, just mindless ramping boards - good to see post 2110 mindlessly ramping another stock has been removed, well done to whoever made that happen.|
|Btw you clearly seem in need of some "validation". I hope that you manage to find what you are looking for on this bulletin board or in another aspect of your life|
|what are you talking about? no one makes investment decisions based on posts by anonymous users of bulletin boards. I put my point of view across, you put yours. I am happy to wait for the dust to settle here and news of new and hopefully more successful investments by the company and its parent the Creat Group.|
|Rather than congratulating me, it would be more appropriate if you apologized to the people who were given false confidence by your posts and as a result made an investing decision they now regret - the price at which it is possible to sell shares has reduced by 40% since I alerted people to the situation and my analysis of it.|
|clearly you should have a round of applause. well done!|
|GXY completed its placing and came back from trading halt 2 trading days ago. No announcement from CRHL and no announcement from GXY saying CRHL are back as a significant holder.
It is now totally clear that all the assumptions others had made about CRHL and the GXY investment were completely wrong and everything I suggested was spot on.|
|GXY started trading again last night. Current value of CRHL GXY holding is just below £2m. CRHL debts in excess of £25m.
DB hold 11.75% of GXY
M&G hold 14.92%
Vanguard hold 11.04%
Those are the substantial holders (CRHL is not a substantial holder) none are "Chinese"|
|CRHL no longer have a significant interest in GXY as they did not take up their rights and were therefore diluted.
Interesting that Mt Cattlin with an average grade of 1.1% LiO2 is shut down as uneconomic at the moment, but the best hole REM drilled was only 0.95% LiO2. Does not sound like REM have an economically viable project and the prices rises there are all hype.|