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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Creat Res Ld | LSE:CRHL | London | Ordinary Share | AU000XINAAD8 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.18 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.18 | GBX |
Creat Res Ld (CRHL) Share Charts1 Year Creat Res Ld Chart |
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1 Month Creat Res Ld Chart |
Intraday Creat Res Ld Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 03/3/2021 | 20:02 | Creat Resources Holdings | 2,131 |
| 19/10/2009 | 15:16 | "next few weeks" | 2 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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Posted at 11/5/2014 19:40 by theivorytower Things are looking a little brighter for ASX-listed Galaxy Resources (ASX:GXY), which last week signed a binding share purchase agreement (SPA) with Sichuan Tianqi Lithium Industries (SZSE:002466) for the purchase of Galaxy's Jiangsu lithium carbonate plant in China.The transaction is valued at US$230 million, including cash considerations of $122 million and the assumption of $108 million in Chinese debt, and will leave embattled Galaxy Resources looking at a very different balance sheet when it closes. Specifically, with the closing of the SPA, Galaxy will see its balance sheet transition from material negative working capital to a "pro forma positive cash balance of approximately A$62 million." That positive cash will enable the company to focus its efforts on the Sal de Vida lithium brine and potash project in Argentina, an asset it views as core from a position of financial strength. Galaxy's managing director, Anthony Tse, told investors that "[t]his transaction with Tianqi provides Galaxy with the opportunity to significantly strengthen its financial position and transform its balance sheet," adding that moving forward, Galaxy will "continue to retain significant exposure to the lithium sector, through the Sal de Vida lithium brine project and with Mt Cattlin in Western Australia and James Bay in Quebec." The SPA should take about three months to complete. Tianqi ... sound familiar? Investors familiar with recent action in the lithium market may recognize the name of the company that has agreed to purchase the Jiangsu plant. And with good reason. Sichuan Tianqi Lithium Industries is part of Chengdu Tianqi Group, a private Chinese firm that is well on its way to becoming a world leader in new energy, new material and milking machinery manufacturing. It specializes in the lithium industry, a position that it improved in 2013 when it purchased Australian lithium company Talison Lithium. |
Posted at 08/5/2014 17:50 by acta_topup I note that GXY are selling their prize asset Jiangsu for US$122 million cash and $108 million debt. Their assets will therefore comprise Sal de Vida, Mt Cattlin and James Bay. CRHL's 3.7% stake is far from worthless. If Creat can get a profitable producer reversed into CRHL the losses may potentially get offset. All is not lost here, at least not yet |
Posted at 25/8/2013 16:01 by andrbea why doesn't crhl get re-rated (after rem has shot up, also having a lithium project or 2)?I know their Australian partner has lithium processing problems but crhl still have a 10% stake don't they, and share price very weak just now (so massive headroom) Anyway Galaxy has other projects too (eg Sweden) Andrew Meloncelli has again confirmed that GXY is relisting on ASX on 27 August gxy thread: 23.8.13 SdV is worth more than 8c /sh. If it does trade at 8 or below it is way undervalued. We are in a stronger position due to the raising as we have around $16M extra cash. As long as Jiangsu can get close to nameplate in the next few months we should be solvent with no risk of bankruptcy. I agree we are a takeover target - should be an interesting few weeks ahead. gxy's CEO fell short but he has left now (or will soon: iggy appointed ceo of kogi iron (kfe), 23.8.13) Iggy's expertise is mining. He was successful in producing Mt Cattlin on time and budget.Then he went into day dream mode of vertical growth for Galaxy from mining to production of Lithium, batteries and bikes of which he had no expertise! He probably NOW realizes this and has gone back to his knitting of which he is good at. I am not defending him but facts are facts. We are all left to lick our hopefully not mortal wounds. t/o of gxy seems likely (21.8.13): I am afraid none would takeover it but the Chinese The chinese have full control over the business in any case .... refinery is in china, raw material supplier is chinese ..... bond holders are chinese .... bod is mainly chinese ..... chinese are the only ones who can lead a taleover .... I am quite concerned they'll takeover it at 8c a share at most ..... disregrading fair value (undoubtly higher) there may be other potential buyers, that's for sure, but they have no chances against the chinese club |
Posted at 07/8/2013 18:45 by rec0very stock It is now confirmed that the GXY RI was massively undersubscribed, barely making it over the minimum. I am certain had CRHL taken up their rights they would have been named along with the other major shareholder who did take up their rights and was named. All the talk is now around a placing of the remaining shares. I would expect Creat Group to take part in this, but as Creat Group and not as CRHL. Time will tell of course. I am very glad I have never been a CRHL holder, I just wish I was equally glad that I am a GXY holder, who took up all his rights and the same again as additionals, which have been in my account since 1 Aug.It will be interesting to see where the GXY share price ends up when trading starts again next week. I know it is going to be well below the TERP, it may be below the RI price. That is the problem with recovery stocks, there are some things that the patient will not recover from! I really thought things were on the mend when the plant came back on line. I should have looked more carefully at their cash flow situation. I knew they would not make it to cash flow positive without another top up, I should have taken into account how badly stretched they were already on the debt front. I just hope the new management team can nurse GXY back to health. CRHL however looks to be in PVS, just waiting for Creat Group to turn off the life support machine and harvest the only potentially worthwhile organ for transplant back into the parent. |
Posted at 02/8/2013 21:53 by acta_topup The debt is to the Creat Group! CRHL is majority owned by the Creat Group. The Creat Group are bankrolling the working capital of CRHL until at least Summer 2014 (and likely this will be extended again).The more relevant question is whether the Creat Group has any use for Galaxy Resources. Based upon a large number of factors (including many which I believe you will have taken into account when buying into the RI) I believe YES. Why do you think that the Creat Group will just sit back and allow their once substantial holding in GXY be diluted to oblivion? They have considerably more to lose than you, and contrarily - considerably more potentially to gain. They have supported GXY to the tune of 10s of millions of dollars at a far higher shareprice than now. Lithium production is increasing on a month on month basis at Jiangsu and the company COULD be about to turn around. The reasons underlying their original investment still stand, and at this rock bottom price may be considerably more attractive. Meanwhile the AIM listed investing vehicle of the Creat Group remains, and based on their original enthusiasm to invest in the resource sector through this vehicle coupled with their appetite to continue to support it for at least another 12 months I see no reason why they would not leverage their considerable experience and contacts to make something of it. A 3DR -> AFRI type reincarnation with similar 10 bagging potential is eminently POSSIBLE irrespective of what happens at GXY. That is why, even in the worst case and unlikely scenario that CRHL do get diluted out of GXY, the company still has considerable scope to reinvest in other oportunities that may create significant shareholder value (at these levels). I always feel that there is every chance CRHL will place new shares to Creat at a substantial premium to the prevailing shareprice thus allowing further investment. The Creat Group can set the price as they see fit. |
Posted at 02/8/2013 14:42 by acta_topup This is your opinion. It is not mine. Creat IS committed to CRHL. From the half-yearly report: "On 15 March 2013 the Company received an undertaking from Creat Group in that, for the purposes of assisting the company to achieve its working capital forecast to 30 June 2014: · Creat Group will continue to provide further funding to CRHL as required with interest rates based on market interest rates; and · Creat Group will not call for or cause repayment of any loans or convertible notes, including the payment of accrued interest on such loans or convertible notes, held by Creat Group at 31 December 2012 or entered/acquired by Creat Group subsequent to that date, and interest that will be due and payable on such loans or convertible notes through to 30 June 2014." This doesn't sound like a company that has given up on CRHL. Creat IS committed to GXY. "Galaxy Resources Ltd (ASX: GXY) ("Galaxy" or "the Company") advises that it has established a Special Management Committee, as an advisory committee reporting to the Galaxy Board, consisting of interim Managing Director Anthony Tse, Non-executive Director Xiaojian Ren, Galaxy executive Charles Whitfield, and Martin Rowley. Mr Ren is a co-founder, Executive Director and the CEO of Creat Group. He has significant experience in the China banking and finance sector having previously served with the Agricultural Bank of China at the Jiangxi Provincial level as well as the corporate headquarters. The Creat Group was established in 1992 and has made some significant investments in leading corporations across China, including Henan Pinggao Electric (listed on the Shanghai Stock Exchange), Yantai North Andre Juice (a world leading producer of fruit juice concentrate and listed on the Hong Kong Stock Exchange), Shanghai RAAS (a leading blood products manufacturer and listed on Shenzhen Stock Exchange), as well as other manufacturing, real estate and nonferrous metals and mining companies." The Creat Group is not abandoning its mining interests. The CRHL vehicle clearly remains a useful entity for it to further pursue its objectives. Creat has representation on the GXY board. In retrospect the sale of shares in GXY at a substantial premium to the offer price was a coup for CRHL. It is a shame that they couldn't "trade" more of these shares. There is plenty of time to hear of a share issue that would fund CRHL taking up its tranche of shares in the GXY offer. I think that you are being a bit disingenuous in your comments. You may be correct in your hypothesis. Or you may not be. In my view the evidence does not support your arguments. We shall see. |
Posted at 02/8/2013 12:43 by rec0very stock Your inability to conceive of reasons says a lot about you.Here are some. CRHL is broke. You are right that for Creat to have taken up their rights they would have had to do it through CRHL. For CRHL to have taken up their rights they would have needed a significant injection of cash prior to the closure date. (my rights are in my account and the money I used to buy them is no longer in my account). There has been no announcement of any funds being transfered to CRHL. There has been no announcement of CRHL increasing the number of GXY shares it holds. Both of these are material events and should have had RNSs. CRHL had been selling GXY shares to keep themselves afloat. If Creat were so committed to keeping their GXY holding they would have lent CRHL the money. CRHL used most of the money raised from selling 10th legion to repay Creat - Creat want their money back. There is nothing tangible to suggest Creat are commited to CRHL, indeed there are plenty of indications that they view the whole CRHL thing as a ghastly mistake (they took over Zeehan Zinc's listing. Zeehan Zinc was a ghastly mistake as is anything else that has ever had anything to do with Malcolm Bendall). The GXY rights issue was massively under subscribed. It reached its minimum with only a day or so to spare. Some major holders have taken up their rights some have not. GXY named some share and bond holders who were supporting the issue, Creat was not named. I hope I have not goofed by taking up my rights and taking the same again as additionals. If I have that is my fault. To be certain we may have to wait until the full results of the RI are announced by GXY. However if CRHL have not taken up their rights - likelihood is high and growing every day CRHL does not announce to the contrary, it will confirm that Creat has no real interest in CRHL or GXY. In this instance CRHL will die. |
Posted at 01/8/2013 18:24 by rec0very stock Why do you think CRHL even exercised their rights? The Rights Issue was significantly under subscribed. I took up all my rights and asked for the same again as additionals - I got everything I asked for, which indicates there were plenty of holders who did not take up their rights. The only way CRHL could have taken up all of theirs is if Creat Group pumped more money into them - this would have been announced before now if they had. I think it is therefore most likely that they have either only taken a portion or maybe none at all. My new shares and 3 for every 2 warrants are in my portfolio right now. If CRHL do not announce tomorrow what they got, then the assumption must be they did not take up any of their rights.I do not hold CRHL and never have, I bought Galaxy shortly before they suspended. The reason why I took up all my rights and then the same again is I could see how horribly diluted I would be if I didn't. I fully expect GXY shares to trade around the RI price of 8c for quite some time. I am hopeful they will recover to around 30c much further down the line. CRHL bought at something like $1.4 with money they owe to Creat with interest. If they have not taken up all their rights, then they will never get back above water with them. The only asset CRHL has is its GXY shares. |
Posted at 18/3/2013 17:40 by sniffer78 CRHL Taz asset sale completion due Q1 2013 CRHL are selling up in Taz only keeping offices and some mining equipment. CRHL will receive $4/5 million and shortly after will receive $2.6 million bond. CRHL have sold 500k shares in Galaxy Res to keep the company going over the last 4 months, while they wait for asset sale to complete.Once Sale is complete some of the asset money will be used to pay off due loans and the rest will be invested in a new venture (which the search has long begun) GALAXY RES investment 37,834,912 shares at current price of $0.41 = $15.5 million CRHL current share price 0.40 and market cap of 2.5 million 667 million shares in issues but not many for us pi's which is why it moves so quick, up and down of course. The Creat Group hold 54% Galaxy investment is worth 1.6p at current price and $4 million asset sales 0.60p per share, share price should be around 1.6p as it is adding in $4 million 2.2p should be target after Assets sale so a lot of upside here, also Galaxy Q1 figures will be out in next 10 days Lithium. On full ramp up and problems ironed out come May/Jun Galaxy could have monthly revenues of $8.5/$9 million on industrail grade alone $6,600 per tonne. The next couple of months are huge for CRHL and Galaxy. Galaxys broker note values CRHLs stake at around $45 million :-) and there is no reason why Galaxy cannot hit it over the next 6/8 months GLA |
Posted at 12/2/2013 13:50 by andrbea One day at a time.....as the song says.If GXY can avoid a take over offer before it gets up to production speed, we should be right. By June 30th, IMO, the plant should be up to near capacity and battery grade revenue should be hitting the till. If there is a takeover offer after July it would have to be at a significant significant premium over the then improved price. Something like a 15% premium on a 90c share price or $1.035+. An interim lowball bid would likely draw a second takeover bidder and could send the share price even higher. Cheers Moorookamick posted: 12/02/13 09:29 Stock Price (at time of posting): 38.5c Sentiment: Buy Disclosure: Stock Held From: 203.94.xxx.xxx Post Reply Thread View Back (0) Report Post > The plant is re-opening. Expectations are high, we need to see some positive results and hope the share price starts moving forward. My view is once it starts producing positive results and the share price starts reacting positively a takeover would be on the cards when the share price hits around the 75cents mark. GXY has potential to hit new highs it just needs good management from here on. "Iggy get your act "together" |
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