Creon Share Discussion Threads

[share_shark] 14/8/2013 22:14

Many thanks from all posting useful snippets. We lone CREONS stick together.... dont we ?.


Fingers crossed.

[oilbuy] 14/8/2013 21:55

CRO.http://uk.advfn.com/p.php?pid=chartscreenshotshow&u=T8itWXugEOoVPcSBd0+YvCKM7OxACN/F&symbol=L%5ECRO http://uk.advfn.com/p.php?pid=chartscreenshotshow&u=qTZixRd4QwLpqCVIeR8JJANTRhGPsgHg&symbol=L%5ECRO

[share_shark] 14/8/2013 20:56

WOW xcap MANY thanks. I wont hesitate to ask you for help next time.

"INTERESTING new investor to come on board "! Rumours of course. Thanks again . :-)))

[xcap] 14/8/2013 19:26

ss - how's that for service

[xcap] 14/8/2013 19:05

"AIM listed Creon Resources (CRO) has seen its shares zoom ahead in recent weeks to 0.625p, valuing it at £17.2 million, amid rumours that there is an interesting new investor set to come on board. Supporters reckon that the shares are heading to 2p. Hmmm. The company has a modest cash balance. It owns stakes in two businesses. The smaller is a 49% stake in a profitable Singapore metals trading business MGR (net income last year $1 million). It has also lent $1.95 million to MGR on a 15% coupon. So that should be generating around $800,000 a year for Creon which is more than enough to cover its PLC costs several times over. Meanwhile the company also owns 46.5% of a jv with the mega Chinese shipbuilder Yangzijiang Shipbuilding (Holdings) Pte Ltd, which is listed on the Singapore Stock Exchange. It invested $15 million for a 40% stake in the jv which owns the Jiangsu Yangzijiang Offshore Engineering Co. Ltd which builds huge offshore rigs. Contracts have already been won. The last stated NAV of Creon which is an investment company was 0.41p. But supporters argue that the Chinese rig venture will drive that sharply higher. I am historically dubious about China based enterprises on AIM but I note that the Qatar Investment Corporation owns 72.4% of the equity and sense that it is no mug. Whatever the fundamental merits of Creon it seems to be attractive "hot buying" and might be one to watch as a trading punt"

[share_shark] 14/8/2013 18:28

Guys .....phoenix1234 ,oilbuy and xcap.

Cannot open link and wont allow me to register..........say I am already registerd but still wont allow me a peek !, :-/

Can you please enlighten me as to what the link/comment says ?.

Many thanks in advance.

[xcap] 14/8/2013 18:20

well it is, slowly but surely, edging there -2p

[xcap] 14/8/2013 16:21

"Supporters reckon that the shares are heading to 2p..hmm"

who has he spoken to

and who's this new investor?

would be nice to cro having a run up to 2p like the ECR/REM % rises

[xcap] 14/8/2013 16:18

TW: nothing negative said so hopefully looking forward to some positive newsflow soon

[oilbuy] 14/8/2013 09:18

Phenoix well spotted !

[phoenix1234] 14/8/2013 08:47

Creon Resources – Who is trading?

[share_shark] 13/8/2013 18:37

Agree and I have piled into PFP over past few weeks too. :-)

Fingers crossed.

[oilbuy] 13/8/2013 15:47

S_S also been patient with PGR. I've bought more this morning as a rerate must be over due.PGR and CRO two stocks with potential to make one a few quid !!!!Oilbuy

[share_shark] 13/8/2013 15:07

Thanks guys.

Chaps and chapesess are slpw to catch on eh ?.

The younguns only want 100% per day, every day and are not interested in anything else.

:-)
We have been so patient here havent we lads ?.

[oilbuy] 13/8/2013 10:26

Chart still bullish. News due soon.

[share_shark] 13/8/2013 08:53

I know, I know, I am just keeping very quiet about them!. Well except one other place . :-))))

[xcap] 13/8/2013 08:51

"Our recent investment in MGR is starting to bear fruit and we anticipate receiving our first returns from that investment in the second half of the year"

"Although only a recent investment, Creon can announce that MGR is in advanced negotiations over long term supply contracts from sub-Saharan Africa for iron ore and chromium ore. These contracts, if secured on the current expected terms, will generate significant returns for MGR and accordingly, Creon. Trading in MGR since Creon's investment is in line with MGR's management's expectations and Creon anticipates receiving a return on its investment in the second half of the year."

CEO

so SS, we will hear soon on progress on many fronts

[share_shark] 13/8/2013 08:32

Where de blue skies boys ?.

[xcap] 13/8/2013 06:43

Nap, don't worry when cro gets to 10p you become a permanent tax exile there!

[oilbuy] 12/8/2013 20:37

Quiet day today. Two small trades.

[napoleon111] 12/8/2013 18:16

xcap, going down too well, if a little pricey :)

[share_shark] 12/8/2013 07:52

Will be back at 12 to see if we are flying high or low !.

Have a great day all.

Fingers crossed also.

[share_shark] 12/8/2013 06:35

Good morning all CREONS !.


Once in a while remain focused on the company's focus !. :-)

Creon Resources Strategy

Investment Strategy

The Company's Investment Policy is to invest principally, but not exclusively in the resources and/or resources infrastructure sectors, with no specific national or regional focus. The Company may be either an active investor and acquire control of a single company or it may acquire non-controlling shareholdings.

The proposed investments to be made by the Company may be either quoted or unquoted; made by direct acquisition or through farm-ins; may be in companies, partnerships, joint ventures; or direct interests in resources projects. Target investments will generally be involved in projects in the exploration and/or development stage. The Company's equity interest in a proposed investment may range from a minority position to 100 per cent ownership.

The Company will initially focus on projects located in the Middle East and Asia but will also consider investments in other geographical regions.

The Company will identify and assess potential investment targets and, where it believes further investigation is required, intends to appoint appropriately qualified advisers to assist.

The Company proposes to carry out a comprehensive and thorough project review process in which all material aspects of any potential investment will be subject to rigourous due diligence, as appropriate. It is likely that the Company's financial resources will be in vested in a small number of projects or potentially in just one investment which may be deemed to be a reverse takeover unde the AIM Rules.

Where this is the case, it is intended to mitigate risk by undertaking an appropriate due diligence process. Any transaction constituting a reverse takeover under the AIM Rules will require Shareholder approval. The possibility of building a broader portfolio of investment assets has not, however, been excluded.

The Company intends to delivery shareholder returns principally through capital growth rather than capital distribution via dividend. Given the nature of the Company's Investing Policy, the Company does not intend to make regular periodic disclosures or calculations of net asset value.

[share_shark] 11/8/2013 22:08

Making no apologises for posting this again !

This is very interesting and I have posted this before.

This is an RNS by the company LEG. Have a read and provides, perhaps a very different and very good slant on CRO.


TIDMLEG
RNS Number : 0713C
Legendary Investments PLC
11 April 2013
Legendary Investments PLC
("the Company")
11 April 2013
Investee Company Update
Creon Resources Plc Progresses Oil Rig Building and Enters Ferrous Metals Sector
Legendary is pleased to report that its investee company, Creon Resources Plc ("Creon") (AIM: CRO), the resource and resource infrastructure investment company, has entered the ferrous metals sector by acquiring a 49% equity interest in Singapore based MGR Resources PTE Ltd ("MGR").
MGR is a wholesale trader of ferrous metals and ore. It sources iron ore principally from Africa, India and the Middle East and sells on to buyers in East Asia including China.
In addition, to acquiring 49% of MGR for US$49,900, Creon has agreed to provide a three year 15% coupon convertible loan to MGR of up to US$1.95 million to assist MGR to increase its trading operations ("Convertible Loan"). The Convertible Loan can be converted at any time during the three year period at Creon's option into new shares in MGR at US$1 per new share.
Over the last several months, Creon has transformed itself.
Following the strengthening of its balance sheet in June 2012, Creon entered into a JV with China based shipbuilder, Yangzijiang Shipbuilding (Holdings) Pte Ltd, which is listed on the Singapore Stock Exchange (SP:YZJ) ("YZJ"). Creon and YZJ have a 40% stake in Jiangsu Yangzijiang Offshore Engineering Co. Ltd. ("YZJOE"), a jack up rig construction company.
In December 2012, YZJOE won its first contract (of US$170 million) to construct and deliver a Le Tourneau Super 116E Class design self-elevating mobile offshore jack up drilling rig. Since then, YZJOE has secured licences for the Le Tourneau kit designs and the drilling package. Furthermore, construction of YZJOE's new rig yard is now well under way.
With the investment into MGR, Creon has expanded its activities into the ferrous metals sector. The Convertible Loan granted to MGR will provide income for Creon in the form of interest on the Convertible Loan.
Zafar Karim, Executive Chairman of Legendary, said "We are pleased with the rapid progress being made by Creon, our latest investment, in the oil rig building sector. The market in this sector is tight and supply has long lead times. Creon's entry into ferrous metals adds another leg to Creon's portfolio. Creon will earn a coupon from the Convertible Loan and MGR will, no doubt, be able to leverage off Creon's wide and deep contacts throughout East Asia, the Middle East and Africa. We look forward to further progress."
Further information is available at:

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