Celsius Resources Share Discussion Threads

[double6] 28/10/2009 15:43

Big fall ??

[fergus7] 12/8/2009 10:02

in a word - yes

[kdixon148] 12/8/2009 09:58

So does this mean we get sod all?

[crab4t] 31/7/2009 14:59

same here-------Regards Crabby.

[jpuff] 31/7/2009 14:42

I got the same thing

[the dogsbody] 31/7/2009 11:07

From my Broker this morning-

CORDILLERA RESOURCES PLC -VOLUNTARY LIQUIDATION.

We have been notified that Cordillera Resources plc have intructed ReSolve Partners LLP to assist in the process of placing the Company into members' Voluntary Liquidation.

The Voluntary Liqidation is subject to shareholder approval at the Extraordinary General Meeting (EGM) to be held on 11 August 2009.

IF YOU WANT TO ATTEND THE EGM, OR VOTE BY PROXY, PLEASE CONTACT OUR CORPORATE ACTIONS ENQUIRY TEAM BY 04 AUGUST 2009.

[the dogsbody] 09/6/2009 11:57

While passing the time...............

I noticed there is exactly the same wording on the CVs for Mr Orr-Ewing
on both the Vatukoula Goldmines website (where he is Exec. Chairman) and the Cordillera Resources website (Non-Exec.Chairman).

However on the CLA website his VGM position is mentioned but on the VGM site his CLA position is left off. Obviously he does not want to advertise to VGM investors his association with CLA!

Same thing goes with the CV for the CLA Non-Exec. Director and Company Sec., Gregory Kuenzel. He mentions his Atlantic Coal position on his CLA CV but no mention on the ATC website of any association with CLA!

[jpuff] 09/6/2009 11:20

I'm still here hoping and waiting too!

[the dogsbody] 11/5/2009 07:00

Most definitely not forgotton about this one!

[theophilus] 26/1/2009 19:14

Market Release 26 January 2009

AVATION PLC

Announcement by subsidiary.

The Board of Avation PLC notes the announcement of interim results by its 51%
owned subsidiary Capital Lease Aviation ("CLA") this morning. The text of the
release can be found on CLA's website at and
on the London Stock Exchange website at

d=2076097&source=RNS and is included below in this announcement for the interest
of Avation's shareholders.

Capital Lease Aviation PLC
("CLA")

HALF YEAR RESULTS - 31 DECEMBER 2008

The Board of CLA is pleased to announce the unaudited consolidated interim results
for the period from 1 July 2008 to 31 December 2008.

HIGHLIGHTS:

- Income for the period: GBP 7,085,464;

- Profit after tax: GBP 3,429,326;

- Earnings per share (after tax): 3.51 pence

Jeff Chatfield, Executive Chairman said "Results for the half year were in line with
expectations given the obviously volatile operating environment. The aircraft that the
Company owns and leases have all performed well. We anticipate that further growth
is available as aircraft valuations may become more attractive to operating lessors
such as ourselves, as financial investors, banks and the like leave the sector and
release their aircraft into the market.

The CLA group continues to build on the portfolio of aircraft already established,
remains ready with its US$100 million warehouse finance facility to seek out and
acquire on potentially attractive terms, leased aircraft which complement and add
value to the existing aircraft portfolio."

The directors take responsibility for the contents of this announcement.

---ENDS---



Enquiries:

CAPITAL LEASE AVIATION PLC
Jeff Chatfield, Executive Chairman 07783 942 553

STOCKBROKERS
WH Ireland Limited 020 7220 1690

NOMINATED ADVISER
James Joyce, David Porter
WH Ireland Limited 020 7220 1666


Website


Directors' Review of Operations and Strategy

The Company's results reflect profits from lease income resulting from aircraft
acquisitions and the benefits of business systems put in place during our first year of
operations. The Company's fleet currently comprises of three F100's, two A321-200's
and one A320.

In October 2008, the Company secured approval for a US$100,000,000
warehouse credit facility sourced from a European bank. A further US$50,000,000
can be made available subject to a syndicated book build. Attractive
aircraft buying opportunities should be available to lessors, such as CLA, that have
financing facilities approved and a willingness to act.

In its future acquisition of aircraft, the CLA group aims to focus on the Airbus
A320 series and Boeing 737 family new generation aircraft as we believe these pose
the lowest risk given their liquidity, appeal, little need for special mission
customization and ability to remarket.

The risks to the business include typical aviation related risks, including but not
limited to, any downturn in the global aviation industry, fuel costs, finance costs, war
and terrorism and the like which may affect our airline customers' ability
to fulfil their lease obligations. Risks also include dramatic changes in exchange rates,
particularly changes in the USD : GBP exchange rate, for the sake of clarity it should
noted that all of the source lease revenues of the company are denominated in USD.

The business also relies on its ability to source finance on favourable terms. Should
this supply of finance contract, it would limit our fleet expansion and therefore
growth.






Richard Sinclair
Chief Executive Officer
On behalf of the Board of Directors of Capital Lease Aviation PLC
23 January 2009

HALF YEAR RESULTS

CAPITAL LEASE AVIATION PLC
CONSOLIDATED INCOME STATEMENT
FOR THE PERIOD 1 JULY 2008 TO 31 DECEMBER 2008

6 months ended 6 months ended
31 December 31 December
2008 2007
GBP GBP

From Continuing operations

Lease rental income 4,796,313 332,054

Other operating income 2,289,151 241,095

Total income 7,085,464 573,149

Selling, general and administrative expenses (579,116) (137,916)

Profit before depreciation & finance cost 6,506,348 435,233

Depreciation (1,476,469) (58,798)

Interest expense (1,405,620) (14,245)

Profit before taxation 3,624,259 362,190

Income tax (194,933) -

Profit after taxation 3,429,326 362,190

Pre-tax Earnings per share
-Basic 3.71 pence 0.38 pence

- Fully Diluted 3.51 pence 0.38 pence

After tax Earnings per share
-Basic 3.51 pence 0.38 pence

- Fully Diluted 3.32 pence 0.38 pence



CAPITAL LEASE AVIATION PLC
CONSOLIDATED BALANCE SHEET
AS AT 31 DECEMBER 2008

As at 31 December As at 31 December
2008 2007
GBP GBP
ASSETS

Current assets:
Cash and cash equivalents 1,301,700 9,452,278
Trade and other receivables 539,593 598,187
Total current assets 1,841,293 10,050,465

Non-current assets:
Plant and equipment 72,895,523 5,249,523
Total non-current assets 72,895,523 5,249,523

Total assets 74,736,816 15,299,988

LIABILITIES AND EQUITY

Current liabilities :
Trade and other payables 3,360,007 308,240
Loans and borrowings 5,843,286 -
Short term provisions 339,933 -
Provision for income tax 338,500 -
Total current liabilities 9,881,726 308,240

Non-current liabilities:
Loans and borrowings 42,194,982 3,793,967
Deferred tax liabilities 1,118,756 -
Total non-current liabilities 43,313,738 3,793,967

Capital and reserves:
Share capital 97,808 97,808
Share premium 10,743,621 10,737,735
Reserves 6,456,170 60
Retained earnings 4,243,753 362,178
Total equity 21,541,352 11,197,781

Total liabilities and equity 74,736,816 15,299,988



CAPITAL LEASE AVIATION PLC
CONSOLIDATED CASHFLOW STATEMENTS
FOR THE PERIOD 1 JULY 2008 TO 31
DECEMBER 2008
6 months 6 months
ended ended

31 December 31 December
2008 2007
GBP GBP

Cash flow from operating activities:
Total profit 3,429,326 362,190
Adjustments for :
Income tax 194,933 -
Depreciation 1,476,469 58,798
Interest expense 1,405,620 14,245
Interest income (5,766) (195,150)
Operating profit before working capital changes 6,500,582 240,083

Trade and other receivables (463,133) (598,187)
Trade and other payables 1,054,847 293,995
Short-term provisions 229,625 -
Cash from operations 7,321,921 (64,109)
Interest paid (1,405,620) -
Net cash flows from (used in) operating activities 5,916,301 (64,109)

Cash flows from investing activities:
Interest received 5,766 195,150
Purchase of plant and equipment - (5,248,482)
Net cash from (used in) investing activities 5,766 (5,053,332)

Cash flows from financing activities:
Proceeds from issuing of new shares, net of
expenses - 10,785,443
Proceeds from borrowings - 3,793,967
Repayment of borrowings (2,690,039) -
Net cash (used in) from financing activities (2,690,039) 14,579,410

Net effect of exchange rate changes in consolidating
subsidiaries (2,484,785) (59,779)

Net increase in cash flow 747,243 9,402,190
Cash and cash equivalent at beginning of period 554,457 50,088
Cash and cash equivalent at end of period 1,301,700 9,452,278

Approved by the board of Capital Lease Aviation PLC on the 23rd of January 2009.

The above financial information has been extracted from the management accounts
and has not been audited.

---Ends---

Enquiries:
Avation PLC 07783 942 553
Jeff Chatfield, Chairman

Advisor 0207 628 1128
Frank Lucas, Loeb Aron & Company


For more information, please contact

Avation plc

[jpuff] 20/1/2009 06:47

Hi Chaps, thanks for all the good work. I occasionally pop over and have a look to see what is going on (if anything!). I have £4k invested (sic) in CLA, so you have my backing too. Outrageous is the word I would use for the treatment we have received the past year.

[crab4t] 14/1/2009 18:28

Report now available on Cordillera website.posted 7th jan !! Regards Crabby.

[crab4t] 08/1/2009 14:56

Dogs I have 2 numbers on which I have spoken to Colin Orr-ewing 02073524117 (office) and 07733102648 (mob) It"s quite possible he will give you Greg K"s mobile number which I seem to have misplaced. Regards Crabby.

[macansy77] 08/1/2009 12:21

the MNSS summary is just a 4 page pdf format with graphs so if anyone's interested contact me at [e-mail] and i'll forward it on - just stick CLA in the email header.


Will be busy for the afternoon/early evening but will send it across tonight...

[the dogsbody] 08/1/2009 12:15

Well done macansy,thanks again. Look forward to your summary.

[macansy77] 08/1/2009 11:07

right - compliance dept have been in contact with CLA/Kuenzel - year end report should be released by the end of Feb latest. I'm going to remind them though at the end of Jan - just incase they think we've forgotten! AGM will be notified of, i for one will definitely be going. AS far as FSA action is concerned there's nothing that they can look into at the moment. The good thing is that the company are now aware that shareholders are getting impatient. Once Kuenzel was made aware that my brokers compliance dept were trying to get hold of him (as opposed to just lowly shareholders) he strangely enough started returning calls. I've been emailed a Dec 2008 dated update on MNSS so once i've digested it i'll post a summary or the whole thing if I can...

[the dogsbody] 08/1/2009 09:19

Good idea crabby. It's going on a year since we heard anything. Have you got any better contact details than those I found below?

Presume this is the same Greg Kuenzel?

From the Atlantic Coal website.

Gregory Kuenzel, Finance Director and Company Secretary (aged 37)

Greg Kuenzel is a chartered accountant with over 12 years experience in accounting and finance. After obtaining a Bachelor of Business Degree from Edith Cowan University he joined the audit and corporate services division of Howarth Perth Chartered Accountants where he specialised in the resource and venture capital sectors. During this time he was seconded to the New York office of Berdon LLP, as Audit Manager for one of the city's largest property development groups. From 2003 to 2004 Greg Kuenzel was involved in establishing the London Office of Global Education Management Systems, a company managing a network of international schools throughout the UK, USA and United Arab Emirates. From 2005 to 2006 he was responsible for the UK based international financial accounting team of Thomson Scientific Limited, an information solutions provider, with global group revenues exceeding US$1 billion. His role included implementing new financial processes, specifically focusing on the expansion of the Thomson Group, assisting with Sarbanes Oxley related projects and analysing accounting differences between US and UK GAAP

Email: Gregory Kuenzel - [e-mail]
Tel: Greg Kuenzel Atlantic Coal PLC- Tel: [phone]

[crab4t] 07/1/2009 12:36

I think perhaps if everyone phoned Greg Kuenzel and/or Colin Orr-ewing demanding to be given information about THEIR INVESTMENT some frustration could be at least vented !!! Lets give it a go fellas.Emails might also remind them We are not prepared to let them rob us without a fight. I have £8ooo invested in good faith in Cordillera and they owe me an explanation !! Regards Crabby.

[kdixon148] 07/1/2009 09:42

Thanks macansy77.

I'm sure we all appreciate your efforts.

[thaimalc] 06/1/2009 16:27

Give them hell

[the dogsbody] 06/1/2009 16:20

Thanks macansy77.

[macansy77] 06/1/2009 16:17

they're not going to get away with this.