Citius Resources Share Discussion Threads

[jeffian] 21/10/2013 09:44

I try, but..............

8-)

[dazzaa] 21/10/2013 09:41

I would say Peel Holdings have a plan and I dont think it will include Fracking but in terms of going forward I'm sure that will happen and as posted earlier we must look at a 3 to 4 year time scale, just put them in an ISA and try not to look at them every hour.

[laythedraw] 19/10/2013 20:18

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.

[freddie ferret] 19/10/2013 14:39

jeffian.

Yes agree but a housing boom will get the merry go round going again. More credit, more people in the shops, more spending, more profits for retailers, hence more demand for shop and warehouse space. More house purchases the more bankers will feel confident about advancing money.

This is a highly geared play on the economic recovery IMHO, time will tell if I am right.

[jeffian] 19/10/2013 13:24

Agree absolutely, although I suspect that potential development value is more likely to be linked to the commercial market than house values. I assume that many of these are 'brownfield' sites more suited to industrial, commercial or retail park development. I would also say to laythedraw that IMHO he is being optimistic believing that "The potential of this company" will be achieved "over the coming 12 months". The process of identifying potential, obtaining planning permissions and waiting for the appropriate moment to develop profitably suggest to me that the timescale is likely to be considerably longer than that.

[stockologist] 19/10/2013 12:39

It is crazy talk to think a frack well will produce 2000 boepd

Just look at LRL for example experience in China or IGAS experience in the UK

That shows a fundamental misunderstanding of how fracking works and the results thereof

This is not your normal vertical oil well where you drill down hit a payload and get oil gushing up

The oil/gas in fracking plays is contained in small fissures in the rock, you have to frack/explode the rock fissures and the small amounts of gas/oil trickle into the horizontal drill over TIME but the first physical result is water and lots of it. It can take YEARS for the 'de-watering' process to complete and the gas production to start.

The shockingly simplistic opinions of the LSE poster call into question all of his other ponderings.

CRES may well be a decent geared play on the housing market but his maths looks way off and most of this land/houses are in the Midland/North and thus only likely to get the ripples from the London/South East house price boom if there actually is one.

[laythedraw] 19/10/2013 11:32

A speculative hold is definitely how I'm regarding this one. The potential of this company over the coming 12 months, given their land credentials and the seemingly imminent housing resurgence, is worth a spot of risk...

[freddie ferret] 30/9/2013 16:40

Rising house prices = demand for land.

Rising house prices = rising margins from development.

SP is off a tad, however the rights issue went very well with a very good aftermarket. Interesting speculative hold IMHO.

[strutt12] 30/9/2013 13:23

Badger,

50p a share would equate to a market cap of £299.3 Million, that in turn would equate to a market cap of £1.2 Billion for Harworth Estates.

DYOR

[clemenm7] 29/9/2013 22:12

Trying to value thisAt present are cres only assets 25% of harworth?If so does harworth have 200m of nav?Does that equate to 9p for cres?

[badger1963] 20/9/2013 11:36

Ken has put forward a very interesting post,
states the mineral rights/ drilling rights fraking possibilities and planning could make the land value far higher than current value, He estimates 50pence per share . However I think he may be slightly off track and confused with the total value of Harworth not the 25% CRES ,Ken posts on the LSE site and makes some valuable points , Does anyone believe the Cress share price could get to the dizzy heights of 50p or disagree Any comments welcome

[dazzaa] 18/9/2013 10:23

Well thanks ever so

[freddie ferret] 16/9/2013 16:45

Please explain why the ADVFN trades data shows no trades through however their quote system says the volume was 1,645,365. Sorry the c&p below is a bit jumbled up.






Industry Sector: MINING - more like this
Price Price Change [%] Bid Offer Open High Low Volume
6.13 mages.advfn.com/imagesnew/2/gb/up 0.625 [11.36] 5.75 6.50 5.50 6.13 5.50 1,645,365
Market Cap. [m] Shares In Issue [m] Beta EPS DPS PE Ratio Yield 52-Wks-Range
34.22 558.76 1.87 - - - - 9.50 - 2.88

[freddie ferret] 16/9/2013 16:41

I would comment that Daw Mill was a tragedy nobody predicted. True the restructuring he did just in time saved us from having to deal with Daw Mill. It ring fenced us.
All this said I have no issues with the management, it has not put a foot wrong so far IMHO.

I like the way the share price is going. Seriously like it.

[jeffian] 13/9/2013 00:35

I don't know and I don't care. Without the restructuring he pushed through, the Daw Mill fire would have wiped out all shareholder value. As it is, I don't know how he persuaded the pension fund Trustees to give up any claim on 25% of the property estate when, if they had sat back and done nothing, the pension fund would probably have claimed 100%. If Jonson Cox goes, who would you suggest would look after the minority shareholders as the value of the estate is unlocked?

[loafofbread] 12/9/2013 20:35

Can you remind me of how much he is paid?

[jeffian] 12/9/2013 16:58

I think you'll find that without J Cox you wouldn't have had any money to save.

[loafofbread] 12/9/2013 16:53

Now that's out of the way, J Cox can step down and we can save some money
going forward.

[freddie ferret] 10/9/2013 14:30

I'm not sure whether with the size of their holding they are allowed to buy in the market. Methinks they would have to make an offer to all holders. But what do I know.

[dazzaa] 09/9/2013 20:48

Why didn't they buy when the price was around 1.83p tell me.

[freddie ferret] 09/9/2013 15:41

This is a small company, with low share volumes traded. Unless Peel see the market as a source of capital, why have the listing, it costs money. Peel have the majority of the shares I think you will find.

Time will tell.

[dazzaa] 07/9/2013 13:21

I would think grow and stabilise the share price.

What gives you the impression that Peel intends to do anything other than play it straight they have no track record of being devious, certainly they are good negotiators, I would think they want to get profits on track and the share price on the rise without anymore distractions.