Citius Resources Share Discussion Threads

[deanroberthunt] 19/2/2013 11:41

they might aswell just suspend this stock on the basis that the square root of sod all is going on.

[deanroberthunt] 18/2/2013 09:49

how do you work that out....if they own 25% of the prop, which you value at £280, £70m debt and £30m cash......

[kombimatec] 17/2/2013 09:06

So what would you say the NAV of the company remains?

[ivancampo] 15/2/2013 22:20

Ferrito,

Doubt it'll get that low, I see 5.70 as low as it goes, today's action suggests 6p sees liquidity. Really big upside from here but the disrespect shown to shareholders is an absolute disgrace - we deserve clarity, but when? Ofwat next for Cox - he may have secured a great deal but I fail to see the quality of mgt, prove me wrong?

20p soon IMO

[freddie ferret] 15/2/2013 16:24

I am expecting a break down to around the 4p ish level again which will be a good buying price, then a big bounce. They will have to clarify things eventually.

[deanroberthunt] 15/2/2013 15:56

like death by a 1000 cuts.

[ivancampo] 15/2/2013 14:32

First positive move on the order book for 2 or 3 weeks, 100k bid and the persistent 136k now taken when moved down to 6p, doubt that'll be the end but at least we have a market, bottom in, good time to add imo.

[jeffian] 14/2/2013 10:25

I don't think he's read anything. Sounds like a wind-up to me.

[ivancampo] 14/2/2013 08:03

But you only own 25% of that figure. You've still not read the restructuring announcement?

[deanroberthunt] 14/2/2013 07:57

so, ostensibly, it has a NAV of circa £240m....10x the current mcap.

trouble is, that just sounds too good to be true....and you know what they say.

[ivancampo] 13/2/2013 16:25

From an earlier post of mine....

"I do know that this is capped at £22m and has £30m in cash, £70m debt but circa £280m of assets, downside is limited as mining performance cannot affect value - all we need is this to be stated with a little more transparency."

[deanroberthunt] 13/2/2013 11:08

...and is there any way currently to try and put a valuation on it, as it stands.

[deanroberthunt] 13/2/2013 11:08

how do they intend to unlock the value in this company, I presume it's more likely through the propoerty than the mine?

[ivancampo] 13/2/2013 08:50

Looks like we need to get through a sizeable seller looking at the order book, hopefully we are nearing the price where the action starts to take place.

[freddie ferret] 12/2/2013 16:18

Downmove comming then a very good buying opportunity IMHO. I base this on a look at previous cycles on the chart.

[deanroberthunt] 08/2/2013 08:17

sorry if it came across that way I didn't mean to..

I'm just frustrated.

[jeffian] 08/2/2013 01:34

Yep, you have been.

[deanroberthunt] 07/2/2013 17:07

Ich bin nicht.

[freddie ferret] 07/2/2013 15:35

Nope he's a deramper.

[jeffian] 07/2/2013 12:10

deanroberthunt,
Did you actually miss the restructuring?

[ivancampo] 07/2/2013 11:43

The pension fund owns the coal mining business and 75 % of the propco. Forget the coal and the pension liability.

[deanroberthunt] 07/2/2013 11:25

oh yeah, so there is still a massive pension liability.

[deanroberthunt] 07/2/2013 11:25

from 10/12 update:

While we have successfully reduced deep-mine manpower costs by 12.5 per cent, and started to change working practices, our inherited cost structure still remains too high and labour productivity too low. All surplus cash flow from the mines will go to fund pension deficit for the foreseeable future