Cerillion Share Discussion Threads

[susiebe] 20/1/2007 20:07

kielbasa

I held CER a few weeks ago- was an ex-eka holder so first of all very disappointed at takeover price by CER.Then cer share price started rapidly declining and I just couldn't understand why nobody here was asking the same q as you.Nobody appeared to have any interest in CER to post here.
With those factors in place I sold and am now much happier.Just for your interest I bought FEP and CCT with my CER proceeds.Have already started reaping the benefit with those two.
Yes there appears to be no interest here.

[kielbasa] 20/1/2007 17:59

Oh yes !!!! the interest in this share is also dire. What about original CER holders, have you got anything to say ?

[kielbasa] 20/1/2007 14:49

On very low volume, the share price is sinking. What are the reasons behind this, please?

[buzzzzzzzz] 11/1/2007 17:06

Bombers is now Buzzzzzzzz as per my ID on iii.

[tameboy] 08/1/2007 13:24

I'm a previous EKA holder, who is staying in for the time being. I'm not really expecting any immediate returns though. There is potential in this share, and when it improves the return could be significant. However, I think there needs to be a stream of good news as has been said above.

However I should point out that I lost so much holding EKA that my holding in CER is quite small!

[bonzophil] 05/1/2007 16:03

Yes !!!!!!
- I havent decided yet whether to bail out completely, or hold for a while. There seems to be support for CER at 150, and some considerable upside. However CER is capitalised at £73m versus £13m for EKA when bought out. Therefore any upside from moly sales or future Chely prod is now diluted 5 times? (having said that, EKA would have had to raise finance for Chely anyway, which would have caused some dilution there.

[kielbasa] 05/1/2007 15:16

Yes!!!!!!!!!!!!!!!

[susiebe] 05/1/2007 14:36

Are any ex-eka holders still here?Bit depressing isn't it?!

[papalpower] 05/1/2007 00:38

susiebe, you have to be in for the long haul here. CER, like EKA, have disappointed in the past. Therefore, until they start putting together a stream of decent news (not further delays and further output downgrades) then they will be weak.

You'll have to be patient for the value to out here, if it does.

[susiebe] 04/1/2007 20:15

This thread is so quiet that no info or opinions are being shared which isn't at all helpful.I feel like the sole owner of cer shares-or perhaps the other holders here don't really care about the declining share price

[susiebe] 04/1/2007 20:00

HPreston

No no one is twisting my arm but I just wanted a long term holder if he/she thinks there is light at the end of this dark tunnel that eka holders have landed in.

[hpreston] 04/1/2007 19:49

No one is twisting your arm as far as I know

[susiebe] 04/1/2007 14:54

As an ex-eka holder I'm getting fed up here.
is it really worth holding cer shares?

[davepower] 02/1/2007 19:48

If you believed in the EKA story then it does seem foolish to think about selling the stock equivalent of CER.
Just think about it. EKA was always going to need financing to do anything with CHELY so dilution was certainly on the cards. The Moly sales have been already committed to repaying a loan, at least initially, so that usable cash to run the co was in short supply. Didn't you think this a problem? yet you still invested.
What has happened solves a lot of the shortfall of EKA. CER has cash and will be in a much stronger position to bring Chely to production and hang on in there until the Moly sales are bringing in revenue.
From my point of view the T/O is the best thing that could have happened to EKA. I certainly didn't like the share price of either co at the time but to me that is not the point.I had no intentions of selling until the value of the resources has been recognised by the market and then I will invest in another growth story and no doubt go through it all again before (hopefully) I make money on that company too. The frayed nerves and noise in between is not worth paying too much attention to. By all means keep stop losses but if you decide to hold until the big picture is played out you shouldn't beat yourself up about it.
Just about every stock I have ever owned has dipped (or dived) below the price at which I bought it. In most cases if the story is good the share price recovers. (if the stock was CMR ultimately the Spanish story wasn't good and I lost money but this was an exception)
What is important is the share price at the time you buy and at the time you sell.

If however you have lost faith in the management to deliver then this could well be a reason to sell but think of this The new management were clever enough to get EKA cheaply you have to give them credit for that. Maybe they are clever enough to make you some money too!!
Oh well in the end it is your decision but try not to make emotional decisions based on feeling angry at the take over arrangements. DYOR etc and think about what you find out.
All the best
cheers Dave

[hpreston] 01/1/2007 12:00

Remember all CER shareholders were promised a dividend a good while back but instead were given Eureka shares, so most CER holders would still be holding Eureka all the way thru.

[susiebe] 30/12/2006 18:41

Hello all,

Back from my Christmas break.
Good to see a rise here.At what point are the ex-eka holders thinking of exiting here?
I'd like to see a share price of 250p before getting out which with the eka assets must be achievable or am I being too optimistic?

Happy New Year to all-hope things make a turn for the better for us ex-eka holders.

[papalpower] 30/12/2006 01:33

Most likely, yes.

[kielbasa] 29/12/2006 14:37

It seems the share price has risen but no one has bothered to comment on the rise. Is it because many are ex Eureka holders who have been shafted and just want out including myself ?

[hpreston] 22/12/2006 13:06

We do Susie. They would have dropped because of dilution Xmas etc . I would be waiting for the New Year before expecting much to happen

Cheers for Xmas and New Year to all
H

[susiebe] 22/12/2006 09:52

red river 1

I don't know why its fallen.Maybe something to do with the takeover of eka.
this board is so quiet-I'm wondering if anyone actually holds CER shares!

[red river 1] 21/12/2006 12:41

Why the fall today? A bit overdone is it not?

[susiebe] 20/12/2006 15:54

RNS



Celtic Resources Holdings Plc ('Celtic' or the 'Company')

Acquisition of Eureka Mining plc ('Eureka')


The Directors of Celtic are pleased to announce that the Company's recommended
proposal for the acquisition of Eureka by a scheme of arrangement was today
approved at the Court Hearing. Accordingly, the Scheme is expected to become
effective, the acquisition of Eureka completed and Eureka's listing on the AIM
Market is expected to be cancelled on 21 December 2006.

The first day of dealings in the New Celtic Shares issued to the shareholders of
Eureka in respect of its acquisition by the Company is expected to be 22
December 2006. The acquisition will result in the issue of 7,451,537 new shares
in Celtic representing 13.35 per cent. of the enlarged issued share capital of
the Company which, at the Celtic's closing share price on 19th December 2006 of
164.5p, valued the acquisition at £12.3 million.

This acquisition brings to the group three key assets; a 50 per cent. interest
in a molybdenum mining operation at Shorskoye, Kazakhstan, which is now in
production, and two very substantial copper and gold projects in the Chelyabinsk
Region of Russia.


Shorskoye

Eureka acquired a 65 per cent. interest in this project from Celtic and the
balance from local Kazakh investors in December 2003, when this was an
exploration project. During 2005 a definitive feasibility study was carried out
and the results were released in July 2005. This project is a molybdenum deposit
with a JORC resource of more than 20 million tonnes of ore at 0.10 per cent.
molybdenum and 0.06 per cent. copper. A high grade zone of 3.1 million tonnes
was identified and mining operations started in this zone in September 2005.
Mining operations are supplying the concentrator, commissioned in May 2006, and
this is currently building up to full production.

In July 2005 Eureka signed a joint venture agreement with KazAtomProm, the state
uranium company of Kazakhstan. This joint venture, Molyken LLP, utilises
KazAtomProm's Stepnogorsk industrial and plant facilities to process molybdenum
ore from Shorskoye in exchange for a 50 per cent. interest in Ar-Man LLP, the
Eureka subsidiary that is the owner of Shorskoye. A production licence for the
concentrate has been granted and contracts for the sale of the ongoing
concentrate have been signed. First sales receipts were achieved in September
2006 and these now total US$4.7 million.


Chelyabinsk - Miheevskoye

This project is a large copper/porphyry deposit located at Miheevskoye some 250
km from Chelyabinsk, within the Chelyabinsk Oblast in Southern Russia. A
pre-feasibility study has been completed on Miheevskoye, which has provided a
total Indicated Resource to JORC standards of 373.5 million tonnes averaging
0.38 per cent. copper and 0.10 grams per tonne of gold, containing 1.42 million
tonnes of copper and 1.20 million ounces of gold. There is a total Inferred
Resource of 52.1 million tonnes containing 0.31 per cent. copper and 0.07 grams
per tonne of gold.

The study evaluated the project on the basis of a mine life of approximately 12
years with a throughput of 25 million tonnes per annum, with average annual
production of 81,000 tonnes of copper and 55,000 ounces of gold, and a total
production of 967,000 tonnes of copper and 668,000 ounces of gold.

Drilling for the study has demonstrated that the southern zone of the deposit
remains open to the south and to the west.


Chelyabinsk - Tominskoye
This project is a large copper/porphyry deposit located just 40km from
Chelyabinsk. The proximity to Chelyabinsk means it has access to basic services
including transportation, and infrastructure. Initial studies on Tominskoye
provided a total indicated resource of 241 million tonnes averaging 0.58 per
cent. copper and 0.12 grams per tonne of gold, containing 1.4 million tonnes of
copper and 0.93 million ounces of gold. Further exploration at the site is
planned for the coming year along with initial scoping studies.


Kentau
Kentau Exploration & Mining LLP, a wholly owned subsidiary of Eureka, holds two
licences in the Kentau district, first granted in 1997. It is a large and highly
prospective area from which large volumes of geological data have been accrued.
Eureka has completed additional surveys (including RC drilling) as well as an
extensive data review, with a comprehensive Geographic Information Systems
database created. On the basis of these results a focused exploration programme
on previously identified targets is planned.


Dostyk
Dostyk LLP, also a wholly owned subsidiary of Eureka, is the current holder of
licence No. 785 with an exploration period for years 2006-2007. The evaluation
of achieved results is being completed and decisions regarding further
activities will be made in early 2007.


Group Strategy

It is Celtic's intention to increase its gold and other resources and production
both organically and by acquisition. The acquisition of Eureka provides further
resources of some 1 million ounces of gold and is expected, in time, to provide
annual production of approximately 55,000 ounces of gold from the Chelyabinsk
project.

For many junior companies the environment for raising capital and debt finance
for projects is appreciably more difficult than in previous years. Smaller com
panies are competing with larger, better financed local and international compan
ies for assets in the FSU and we are witnessing a changing landscape in markets
and politics. The Directors of Celtic believe that this environment will become
even tougher for smaller companies and that a consolidation of interests with
like-minded companies in the FSU will result in a lowering of the risk profile
and creation of stronger and more attractive investment vehicles for existing
and future shareholders. This consolidation will also mitigate some of the risks
of operating in the FSU.

The Directors of Celtic believe that the key benefits of the acquisition of
Eureka are:


•an enlarged group that has a strong balance sheet and a sound operating
record in the FSU with the intention of continuing the development of
Eureka's assets;

•the enlarged group will have two operating gold mines and an operating
molybdenum mine, all in the same region in Kazakhstan which will enable cost
savings and maximum use of expertise across the enlarged group;

•the enlarged group will have the capacity to expand existing production
at its mines, develop strong working relationships with FSU partners and
accelerate the development of the Chelyabinsk Project; and

•the execution of Celtic's plans to make further acquisitions of
appropriate assets in the FSU which will benefit and add value, increase the
scale of the Enlarged Group and create a more attractive investment vehicle.


Commenting on the acquisition, Celtic's Chairman, Peter Hannen said 'Eureka has
some outstanding projects with excellent management. We fully intend to maximise
the value of these for all shareholders as we continue to evaluate appropriate
merger and acquisition opportunities in the FSU.'

Terms and expressions used in this announcement shall, unless the context
otherwise requires, have the same meanings as given to them in the Company's
announcement of 7 November 2006.

For further information please contact:

Euan Worthington/ Kate Dexter Smith
Celtic Resources Holdings Plc
Tel: + 44 (0)20 7921 8800
[e-mail]

Frank Moxon / Simon Edwards
Evolution Securities Limited
Tel: [phone]

Laurence Read
Conduit PR
Tel: [phone]

[papalpower] 20/12/2006 11:38

LL, sadly there are a few on MRP who are there only to argue. You are never going to ban them, impossible to moderate too, unless I start banning most people, and then it becomes pointless.

It will be sensible again, but in the meantime TM has to deliver some good news and progress, to shut the doubters up.

[leluot] 20/12/2006 11:35

Papal

Quick question.
Have you given up moderating your MRP thread?
It has turned sick and nasty and I wondered about your thoughts.
You started so well but is is now a right shambles.
Trust all is well.
LL