Citius Resources Share Discussion Threads

[ivancampo] 07/2/2013 10:43

But the restructuring removed that liability going forward?

[deanroberthunt] 07/2/2013 10:16

cos the coal side is a disaster....

[ivancampo] 06/2/2013 21:02

eh? 30m cash in the bank and a load of land, no pension liability, how can it be bust?

[deanroberthunt] 06/2/2013 19:54

looks like its a bust.

[freddie ferret] 05/2/2013 16:53

Either somebody knows something or it is just normal volatility. Wait for the news, patience.

[deanroberthunt] 05/2/2013 09:00

drifting lower

[freddie ferret] 29/1/2013 17:36

Patience, the buzzers will have to cough up some information in the end. There is always the AGM.

[ivancampo] 29/1/2013 16:55

It is quite ridiculous that we have not had the situation clarified, as much as I feel positive that there is much upside from here I'm relying on total guesswork for my assumptions.

[deanroberthunt] 29/1/2013 13:06

..be nice to get an update............flippin anything.

[ivancampo] 24/1/2013 09:54

Also, I expect them to increase their holding here, now they can. I assume they can?

[treble in 1999] 24/1/2013 08:31

Peel are starting to get their finger out with the land, now they know where the profits will go.

Very near where I live,starting the process for 200 homes. Land is locked by CR , and probably the start of unlocking a whole area of land for development. The initial plans have been around a while, and now its time to implement.

There is more to this land than Yorkshire, and Peel are Lancashire based.

[freddie ferret] 22/1/2013 15:05

muckshifter.

I think the share price reflects the uncertainty. Quite happy to hold. They will have to say something since these are material facts that effect the share price

[muckshifter] 22/1/2013 14:51

I feel that the possibility of near term bankruptcy of the coal company, despite it being somewhat distanced from CRES, will hold the company shares back.

There are lots of things we haven't had explained to us, such as, who owns the opencast division - the coal company presumably, in which case it will probably be sold by the deep mine people who no doubt control the mining company, to get cash to pay the miners wages for a few more weeks. But I don't think they'll get much for it as it is not making money.

Who owns the land that the collieries stand on? And who owns Harwood, both the mothballed pit and the HQ land?

Do CRES have any remaining liability for coal redundancies, subsidence claims etc.

Very little clear information released so far, imho.
Regards.

[freddie ferret] 22/1/2013 14:18

I want to see a nice big descriptive RNS relating to Coalfield Resources. So far we have really heard nothing from the new company.

[ivancampo] 22/1/2013 10:39

Looking better this morning, off and running at last!

[ivancampo] 21/1/2013 13:07

No problem,

Don't know about massive, but you could put a decent case for it being double current price reasonably quickly....

[greatwhitefunkmaster] 21/1/2013 12:55

Thanks for updating the charts IC.

There can't be any downside from here can there? Got to be a massive reward - is this a case of investors waiting to be spoon fed?

[ivancampo] 21/1/2013 11:09

Convinced that downside here is limited, the mining side can't affect us negatively and market conditions have improved markedly since last update, might not result in higher asset prices yet but sentiment is more positive, will add more today should spread narrow a little.

Would like to see Directors buying, ahead of imminent next update.

[freddie ferret] 17/1/2013 16:04

ivancampo.

Thanks, that is a big improvement.

[deanroberthunt] 17/1/2013 09:56

just moved to 8 on the offer

[deanroberthunt] 17/1/2013 09:52

the large spread doesn't help, 6.76 - 7.49

[deanroberthunt] 17/1/2013 09:51

yep. maybe others will notice

[ivancampo] 17/1/2013 08:17

Charts updated, beginning to curve up! :-)