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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Citius Resources Plc | CRES | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 3.00 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3.00 | 3.00 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 20/3/2025 12:52 by hedgehog 100 I will start a thread for HREE when the shares resume trading tomorrow morning.In the meantime, Pensara (PRE), formerly Pensara Rare Earths until 16.2.21, is another good comparator for Harena Resources. PRE's share price c. ten-bagged in c. eight months from its dip shortly after its floatation on 6.7.20: from 20p, to c. 205p. And though it's since fallen back heavily, at its current share price of 29.8p it still has a market cap. of c. £87M. 06/07/2020 06:00 UK Regulatory Pensana Rare Earths PLC Admission to Trading on the London Stock Exchange LSE:PRE Pensana Plc "Admission to Trading on the Main Market of the London Stock Exchange Pensana Rare Earths Plc (" Pensana " or the " Company ") is pleased to announce that following the publication of its Prospectus on 1 July 2020, the Company's entire issued share capital will be admitted to the Official List of the FCA (standard segment) and to trading on the the London Stock Exchange's Main Market for listed securities. Trading in the Company's shares will commence on the LSE today at 08.00 am GMT under the ticker 'PRE'. The Company is not raising any funds in connection with the admission and will have 188,274,665 ordinary shares of GBP0.001 each in issue. A copy of the Prospectus is available on the Company's website www.pensana.co.uk and the National Storage Mechanism . Paul Atherley, Chairman of Pensana Rare Earths, commented: "The US$16 trillion post COVID stimulus programmes are transforming the renewable energy sector, supercharging the demand for critical rare earth magnet metals. With no new rare earth mines in construction magnet metal prices are forecast to rise over the next few years. With Angolan Presidential approval and financial backing from the Angola Sovereign Wealth Fund and various institutional investors, we are on track to bring online the first major rare-earth mine in over a decade to meet the growing demand for the metals critical to the green energy revolution. Our listing in London provides UK investors with an opportunity to gain a direct exposure to the metals critical to the burgeoning EV and offshore wind sectors."" Pensara (PRE):- |
Posted at 03/3/2025 13:16 by hedgehog 100 A very useful Harena Resources article published on Vox Markets five days ago, which helps show what a huge investment opportunity this floatation could-should be; especially with the RTO being priced at just 3p per share (compared to CRES's 4p IPO price in 2021), giving an enlarged market cap. of only c. £12.4M.Note that FCA approval has of course already now been received, with admission expected two weeks this Friday. The shares should move to a swift premium to the RTO price of 3p, and buying in at anything close to that level looks like a bargain. The shares are tightly held, and as news flows and awareness spread, this could move up very rapidly and strongly. "Harena Resources all set to become London’s only listed ionic clay rare earths company 13:18, 26th February 2025 Alastair Ford Vox Newswire It’s only a matter of time now before rare earths company Harena Resources makes its debut on the London market. The plan is for privately-held Harena, which had its genesis in Australia and holds assets in Madagascar, to take over cash shell Citius Resources (CRES). FCA approval is pending, but is expected in the current quarter. When the deal completes, Harena will have access to a market that’s more familiar and comfortable with African projects. London’s investors, for their part, will get access to Ampasindava, an ionic clay rare earths deposit that’s already known to contain 699 million tonnes of ore grading 868 parts per million total rare earth oxides. That JORC 2012 compliant resource estimate followed on from around US$20 million of spend on the project, undertaken by former owners. Amongst other things, work thus far completed includes 4,500 test pits and 359 drill holes. It’s also been established that negligible thorium and uranium are present in the deposit, meaning that processing with low impact salts ought to be relatively straightforward and the product saleable into the market. The plan, once Harena gets listed, is to complete feasibility studies for the development of Ampasindava. Much of the groundwork for these studies has already been done, however, and it’s already clear that the project has a great deal going for it. For a start, it’s strategically located on the north-west coast of Madagascar, right next to a port. This has the double benefit that when it comes to project development it will be easy to ship things in, and that when it comes to production, it will be easy to ship the rare earths out. What’s more, the process that Harena envisages using at Ampasindava uses salt water as its primary leaching agent – and that brings us onto another advantage the project has, its style of mineralisation. In comparison to other types of rare earth deposits, ionic clay deposits are generally simpler to process into carbonate for sale. No need to use acid of any kind. Instead, salt water and ammonium sulphate, which is effectively garden fertilizer, are all that’s required. That’s encouraging enough, but there’s more good news. In the case of Ampasindava, the plan is to mine only the top ten metres of the deposit, with the two metres of overburden stockpiled for use in rehabilitation. The mining will be free dig, with the material trucked to the saline leach pads. After leaching, the residual material is returned to where it was taken and the topsoil returned. Power consumption will be modest. No tailings dams are involved, and since the area has been disturbed before, environmental objections are likely to be kept to a minimum. All this makes Harena stand out as a shining light amongst its peers. It will be the only company listed in London with a pure ionic clay rare earths project. And the simplicity of the mining, the ease of rehabilitation, and lack of any acid use is also likely to be looked upon favourably by the Madagascan government. True, the government wants to see economic modelling before the fiscal arrangements are finalized. But in the meantime, the company has applied for its exploration license to be converted into a mining license, and is positioning itself to start generating the rest of the information that the government needs. One major positive that’s already confirmed is the interest of off-takers. Last year the company announced that it had signed a non-binding termsheet with a US rare earths company for the sale and purchase of rare earths from Ampasindava. And Joe Belladonna, the company’s managing director, is confident that the pace of work will be rapid and productive once the listing completes. The £1.9 million that the company plans to raise will go towards completing the feasibility studies, which he reckons will take about six-to-nine months to complete. After that, and allowing that the license and permits have been granted, he reckons it will take about two years to get the mine running. If Harena can stick to that timetable, it will be impressive, but not unprecedented. The team is highly experienced, and includes Allan Mulligan, who recently managed a similar ionic clay rare earths project in Uganda." |
Posted at 11/6/2022 16:05 by hedgehog 100 CRES shows the excellent gains that can be made from buying a reasonably-valued shell, with good deal prospects, and waiting patiently.A likelihood of an immediate 50%+ gain if the RTO proceeds, which it should, and a discounted holding in what could be a very exciting and multibagging growth company. And all it takes for investors is a little research, market timing, and a willingness to buy before the herd. Though they can be illiquid, with micro market capitalisations, after a RTO the liquidity and markets caps. may be expected to increase markedly. For those kicking themselves at missing out on the CRES shell opportunity, the stock market is merciful, as it always throws up fresh opportunities. Two other very attractive shells with CRES-like potential, both with great cash underpinning, are these:- Aura Renewable Acquisitions (ARA) 9.75p Market cap. £1.024M. More Acquisitions (TMOR) 1.025p Market cap. £1.28M. |
Posted at 29/5/2022 11:55 by hedgehog 100 CRES IPOed last summer, at 4p per share -25/08/2021 07:00 UK Regulatory (RNS & others) Citius Resources PLC Admission and First Day of Dealings LSE:CRES Citius Resources Plc "Citius Resources Plc, an investment company seeking to acquire a company or project in precious and/or base metals, is pleased to announce the admission of its entire issued share capital, being 43,250,000 ordinary shares of GBP0.005 each ("Ordinary Shares"), to the Official List (by way of a Standard Listing under Chapter 14 of the Listing Rules) and to trading on the London Stock Exchange's Main Market for listed securities (the "Admission"). The Company has raised a total of GBP1,120,000 since incorporation including GBP560,000 through a placing of 14,000,000 Ordinary Shares at 4p ("IPO Placing") by Brandon Hill Capital, broker to the Company. Cameron Pearce, Chief Executive Officer commented: "The Board of Citius and its advisory team comprise a knowledgeable and experienced group of professionals with the relevant skills and expertise to successfully source, structure and complete acquisitions in the mining sector to deliver upon our strategy to return substantial value to investors. As such we are pleased to be listing upon the Official list of the main market and will provide the market with updates in due course, as we begin to review investment opportunities." ..." CRES's CEO Cameron Pearce was also the head of shell company BRES (Blencowe Resources), which also IPOed at 4p/share. And he arranged the RTO into BRES of the Orom-Cross Graphite Project, priced at 6p/share, with a placing at the same price, compared to the pre-existing BRES share price of 4.5p - 28/04/2020 16:45 Alliance News Blencowe Resources Shares Skyrocket As Graphite Project Deal Sealed LSE:BRES Blencowe Resources Plc 28/04/2020 07:00 UK Regulatory (RNS & others) Blencowe Resources PLC Acquisition of the Orom-Cross Graphite Project LSE:BRES Blencowe Resources Plc BRES then closed on 28th. April 2020 at 8p/share, and within a month had reached nearly 9p. Potentially this BRES RTO could set a rough 'template' for CRES: as it's the same boss, the same IPO prices, the same target sector, and even the tickers (BRES & CRES) are very similar. |
Posted at 29/5/2022 09:39 by hedgehog 100 Poor stock market conditions tend to make it harder to IPO, increasing the attractions of the RTO route, and increasing the bargaining power of shells like CRES.And meanwhile, the valuations of RTO targets for shells tend to be depressed. So ironically, the s.p.s of shells like CRES can become depressed at the same time as they are in effect becoming more valuable: more capable of cutting a cracking RTO deal on great terms - i.e. a better shell valuation and lower target valuation, and great quality targets. Which makes a shell like CRES - at a reasonable valuation re. its cash and with great deal prospects - a great place to 'park funds' at the moment. Many investors may wish to reduce their exposure to shares in companies with trading businesses, but holding cash for months doesn't give any real direct upside - certainly in the short term. CRES though has both some underpinning, and great potential upside - it could easily multibag from this level on a good deal. And you don't have to worry about funds being tied up here for a while if you won't be using them anyway. |
Posted at 30/10/2013 10:15 by stargazer4 Thanks I've had a look. Quite a thread! Anyone interested in CRES should read it. What we have effectively is a shell company with a 25% holding in something which could be very large indeed. And which is not listed, nor is the other large investor in CRES. Intriguing.......... |
Posted at 19/10/2013 19:18 by laythedraw My response to jeffian is that obviously full potential will take a lot more than 12 months to realise, but I'm confident that over the next year their land owning position will lead to some price movement as deals are announced - even in their infancy. And while they may very well appeal to more commercial developments, their last investors presentation made clear references to housing site ambitions. |
Posted at 07/8/2013 13:51 by freddie ferret Click on f for the prospectus.167 pages of the sxxxxxx thing. |
Posted at 07/8/2013 09:54 by badger1963 I like this bit from the prospectus9. Current trading and prospects The Group now has no operational role but remains an active investor in HEPGL, which continues to perform well since the Restructuring. The combination of the immaturity, in planning terms, of the brownfield sites with their strong strategic location, including transport infrastructure, means that a considerable amount of value can be added by the work carried out in advancing them through the planning process. It is the Company's strategy to achieve medium and long-term realisation of value from this investment. In addition, the majority interest in HEPGL, which will in due course be held by the PPF, may become available for sale and create an opportunity for the Company to assist with the orderly disposal of such stake, potentially consolidating its ownership and operational control of the business (subject to the requisite financing being available). 10. Dividend Policy Currently the Facility prohibits the distribution of dividend payments to Shareholders without the consent of Lloyds. Once the Facility is pre-paid or repaid, the Company will be able to pay dividends. Any dividends will be dependent on the performance of its investment in HEPGL and any dividends received from this investment. Whilst it is anticipated that HEPGL may be in a position during 2014 to arrange more flexible financing which may allow HEPGL to pay dividends whilst their bank facility remains drawn, unlike the present position, the Company would still not expect to receive a dividend from HEPGL in the short to medium term, as under the Propco Shareholders' Agreement, the Pension Trustees are entitled to receive the first £5 million of dividends due to the Company. Therefore we do not expect any dividend to be paid by the Company in the short to medium term. |
Posted at 09/5/2013 09:03 by badger1963 COALFIELD RES. is STILL listed on the stock market as a coal mining company and not a land holding company as part of the Harworth estates group ..As it is listed as a coal production company involved in the production of coal and given the current situation regards the insolvency issue then , logic says the share price of CRES will be NEGATIVELY effected surely someone in the company ie CRES should clarify to the markets WHAT IS IS INVOLVED IN , I would think that as a novice investor the first thing I would look at is what the company does next thing would be look elsewhere to invest ,,,, CRES needs to be sold properly to the stock market and marketed as a landholder with a viable future .good luck for all those in the mining industry |
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