Creat Res Ld Share Discussion Threads

[moreforus] 25/9/2012 14:58

as I thought

no spine

[scientologyweirdo] 25/9/2012 14:58

Interim results for the six months ended 31 December 2011

Creat Resources Holdings Limited (AIM: CRHL), the exploration and development company with assets in western Tasmania, Australia, announces its auditor reviewed interim results for the six months ended 31 December 2011. All amounts are presented in Australian dollars, unless otherwise stated and should be read in conjunction with the 2011 Annual Report.

Highlights:

§ Loss for the period of $1.1m (H1 2010: Loss $15.9m)

§ Finance costs $4.4m (H1 2010: $3.1m)

§ Outstanding loans and convertible notes $37.4m (H1 2010: 36.5m)

[moreforus] 25/9/2012 14:57

arent you going to come and say howdie or is it howie?

we really are missing you mate

[scientologyweirdo] 25/9/2012 14:56

Extra marks to the clueless mug who bought 142,857

How to give a clue to the MM's that you are a clueless mug ? Buy in odd-lots PMSL

[scientologyweirdo] 25/9/2012 14:54

mug punters buying today already looking at 40% loss on spread

[rhuvaal2] 25/9/2012 13:52

moreforus = yes indeed. Creat Group, the 'parent' investor, requires a London quote and crhl must be it................ confess to having quite a few of these, yet am laid back in awaiting things to fall into place :)

[moreforus] 25/9/2012 11:09

ooooo 200k buy at 0.65p...

more to come on the journey to 3.5p land!

[rhuvaal2] 25/9/2012 10:37

Scientology & very weird too = Bright red and the content = you're filtered

[scientologyweirdo] 25/9/2012 10:32

Interim results for the six months ended 31 December 2011

Creat Resources Holdings Limited (AIM: CRHL), the exploration and development company with assets in western Tasmania, Australia, announces its auditor reviewed interim results for the six months ended 31 December 2011. All amounts are presented in Australian dollars, unless otherwise stated and should be read in conjunction with the 2011 Annual Report.

Highlights:

§ Loss for the period of $1.1m (H1 2010: Loss $15.9m)

§ Finance costs $4.4m (H1 2010: $3.1m)

§ Outstanding loans and convertible notes $37.4m (H1 2010: 36.5m)

[moreforus] 25/9/2012 10:11

TOPINFO 25 Sep'12 - 10:09 - 150669 of 150673

You seen this CRHL-ers

Galaxy reports 25% production rise at Mount Cattlin
By crushermiracle on Sep 25, 2012 Total Views : 2 Daily Views : 1 Comments Closed

PERTH (miningweekly.com) − Lithium miner Galaxy Resources has reported a 25% increase in production from itsbelt sander belt grinding machine Mount Cattlin spodumene mine and processing facility, in Western Australia, for the month of July.

Spodumene concentrate production reached 8 916 t during July, up from the previous month.

The miner said that plant use was 16% higher month-on-month, at 79%, adding that the ramp-up of operations at Mount Cattlin continued to progress solidly. Mining operations on site also continued to provide adequate feedstock for the spodumene processing plant during the month.

The Mount Cattlin project was currently operating at around 70% to 80% of its design output capacity, and would be further optimised during the coming quarters.

Production at Mount Cattlin started in October last year. The mine hosts around 197 000 t of contained lithium oxide, with a measured and indicated resource of 13.8-million tons. The project would produce around 137 000 t/y of spodumene concentrate, and 56 000 lb/y of contained tantalum in concentrate, once fully operational.

Galaxy said that it expected to ship its third consignment of spodumene concentrate to China during September, with the cargo volume expected to be around 20 000 t.

[scientologyweirdo] 25/9/2012 10:04

Interim results for the six months ended 31 December 2011

Creat Resources Holdings Limited (AIM: CRHL), the exploration and development company with assets in western Tasmania, Australia, announces its auditor reviewed interim results for the six months ended 31 December 2011. All amounts are presented in Australian dollars, unless otherwise stated and should be read in conjunction with the 2011 Annual Report.

Highlights:

§ Loss for the period of $1.1m (H1 2010: Loss $15.9m)

§ Finance costs $4.4m (H1 2010: $3.1m)

§ Outstanding loans and convertible notes $37.4m (H1 2010: 36.5m)

[fenseal3] 25/9/2012 09:57

Creat Group know the true value of CRHL's assets!!!!GLA

[moreforus] 25/9/2012 09:56

andrbea 25 Sep'12 - 09:55 - 150657 of 150659

yes a great post on crhl
it's also one of the most illiquid shares on the market, could easily do a 100% with sustained buying.

[fenseal3] 25/9/2012 09:55

The liabilities are with their parent company Creat Group, if you read the last results it state that they have no problem regarding the liabilities and will support CRHL in anyway the can.

Going Concern

The financial report has been prepared on the going concern basis, which assumes continuity of normal business activities and the realisation of assets and the settlement of liabilities in the ordinary course of business.

The consolidated entity is in a development stage and in the course of its activities has sustained operating losses. It expects such losses to continue for at least the next 12 months. The consolidated entity will finance its operations primarily through cash and cash equivalents on hand, future financing from the issuance of debt or equity instruments and through the generation of revenues once commercial operations get underway. However, the consolidated entity has yet to generate any significant revenues and has no assurance of future revenues.

The following plan is in place by Management to support the going concern basis of the consolidated entity.

On 13 March 2012 the Company received an undertaking from Creat Group in that, for the purpose of assisting CRHL to achieve its working capital forecast through to 31 March 2013, Creat Group undertakes to:

-- continue to provide further funding to CRHL as required with interest rates based on market interest rates; and

-- not call for or cause repayment of any loans or convertible notes, including the following loans and convertible notes:

-- All convertible notes on issue and held by Creat Group at 31 December 2011;

-- The GBP500,000 loan, interest rate 10%, entered into in September 2009 and currently due for repayment;

-- The GBP1,200,000 loan, interest rate 0%, entered into in January 2011 and currently due for repayment;

-- The A$2,000,000 loan, interest rate 10%, entered into in April 2011 and fully payable 12 months from drawdown;

-- The A$1,000,000 loan, interest rate 12%, entered into in August 2011 and currently due for repayment;

-- The A$1,000,000 cash advance provided to CRHL in September 2011; and

-- The A$1,000,000 cash advance facility available to CRHL, of which A$300,000 was drawn down in December 2011.

The total amount outstanding at 31 December 2011 relating to the above convertible notes and loans including accrued interest is $37,492,663.

[scientologyweirdo] 25/9/2012 09:51

Interim results for the six months ended 31 December 2011

Creat Resources Holdings Limited (AIM: CRHL), the exploration and development company with assets in western Tasmania, Australia, announces its auditor reviewed interim results for the six months ended 31 December 2011. All amounts are presented in Australian dollars, unless otherwise stated and should be read in conjunction with the 2011 Annual Report.

Highlights:

§ Loss for the period of $1.1m (H1 2010: Loss $15.9m)

§ Finance costs $4.4m (H1 2010: $3.1m)

§ Outstanding loans and convertible notes $37.4m (H1 2010: 36.5m)

[scientologyweirdo] 25/9/2012 09:50

LOL whoever bought is already on 40% loss due to the spread.

muppets.

[scientologyweirdo] 25/9/2012 09:40

Scary !

Those are the 'Highlights' !!! I'd call them 'Low-lights'

Finance Cost of $4.4m in the first half alone !

Outstanding DEBT of $37.4m !!!

[scientologyweirdo] 25/9/2012 09:39

Interim results for the six months ended 31 December 2011

Creat Resources Holdings Limited (AIM: CRHL), the exploration and development company with assets in western Tasmania, Australia, announces its auditor reviewed interim results for the six months ended 31 December 2011. All amounts are presented in Australian dollars, unless otherwise stated and should be read in conjunction with the 2011 Annual Report.

Highlights:

§ Loss for the period of $1.1m (H1 2010: Loss $15.9m)

§ Finance costs $4.4m (H1 2010: $3.1m)

§ Outstanding loans and convertible notes $37.4m (H1 2010: 36.5m)