Creat Res Ld Share Discussion Threads

[gigabyte3d] 18/10/2012 18:35

Gone all quiet here? Has everyone cashed in and done a runner???

[gigabyte3d] 18/10/2012 18:20

Any thoughts on the big drop today?

[sniffer78] 17/10/2012 11:46

Something to hang onto ;-)

The Board has been informed by Creat Group, as the major creditor and major shareholder of the Company, that, subject to relevant regulatory approval, Creat Group will continue to support the Company in further investments which are considered to have good potential.

[sniffer78] 17/10/2012 11:45

The Group's accounts for the year ended 30 June 2012 are being audited and will be published soon, however, the negative equity position of the Group has further deteriorated since the last reporting period. Therefore, part of the proceeds of the Sale will be applied to the payment of debts as they fall due and to working capital. In parallel with the above, in order to maximise returns to Shareholders and in compliance with the AIM Rules, the Company will look into new investment opportunities. Therefore, it is intended that part of the proceeds of the Sale will be applied to new investment opportunities. The Board has been informed by Creat Group, as the major creditor and major shareholder of the Company, that, subject to relevant regulatory approval, Creat Group will continue to support the Company in further investments which are considered to have good potential.

Investing Policy

Global demand for lower end resources is expected to remain sluggish due to the global economic environment and in combination with tighter environmental regulations, this has resulted in increased mining costs. Accordingly, the Directors consider that only resources or commodities with higher commercial value are likely to result in commercially viable investment opportunities. As such, the Directors' main investment criteria are as follows:

· Companies or assets focused on commodities with high commercial value and / or other resources with special characteristics rather than traditional resources;

· Investment opportunities where the Company does not only contribute financially but can also utilise its management experience and the substantial connections of its holding company, Creat Group;

The Directors will consider investment opportunities in both high risk early stage assets and companies as well as lower risk investments in more mature assets and companies, seeking a higher expected rate of return where the risk is expected to be higher.

The Directors will consider investments that will result in either minority or majority holdings in private or publically listed companies.

These criteria are not intended to be exhaustive. However the Company may make an investment which does not fulfil all the investment criteria if the Directors believe that it is in the interests of Shareholders as a whole to proceed with such an investment. An investment constituting a reverse takeover under the AIM Rules will be conditional on the approval of Shareholders in a general meeting and will require the publication of an admission document.

[fenseal3] 17/10/2012 11:33

This is good news.

The Company's sole investment following the Sale will be its 7.52 per cent. strategic investment in Galaxy Resources. The Company will therefore be classified as an investing company in accordance with Rule 15 of the AIM Rules following completion of the Sale. The Group will retain cash balances of approximately AUS$3.7m after paying certain expenses relating to the Sale. In addition, the Company is expected to receive a refund of AUD$2.6m from the relevant authorities which to date has been held as a bond deposit in relation to the Mining Assets for the purposes of any necessary environmental remediation.

So they still have the Galaxy holding and will get $6.3m...they will need to pay some debt off when it's due....they still have the backing of Creat Group....they have done the right thing the cost of trying to develop the mines would be too much....thoughts welcome!!....my mistake on the Argentina and Canada assets.

[rhuvaal2] 15/10/2012 11:54

I have a few people filtered here = keeps the thread nice and clean

[acta_topup] 15/10/2012 09:53

another avatar! laughable, shameless, what is wrong with you???

[scientologyweirdo] 15/10/2012 08:59

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] 15/10/2012 08:59

http://www.moneyweek.com/investment-advice/penny-shares/penny-sleuth-why-i-dont-buy-chinese-stocks-on-aim-60618

Why I don't buy Chinese stocks on AIM

By Tom Bulford

Sep 18, 2012


Greg Rudd, the brother of the former Australian prime minister, once met a Chinese businessman who gave him some prudent advice.

"You tend to see the good in people, Mr Rudd", he started. "People like you. You laugh a lot. But you'll never make money in China with that attitude. You'll only be taken advantage of. People will trade off you. They won't pay you. The number one rule of doing business in China is this; never trust a Chinaman. Why would you as a foreigner trust a Chinese businessman when we as Chinese don't trust each other?"

Now that advice is pretty close to the bone. But I've said it before in Penny Sleuth – you have to be very careful when you invest in a Chinese company. The record of AIM-listed Chinese companies is simply awful. And with so many still coming to market, there is a real chance that many private investors will end up making some very expensive mistakes...

[fenseal3] 15/10/2012 08:50

Always nice to see some decent buys going through 415k, we are due news so maybe this week....i expect some weirdo to come on now!!

[rhuvaal2] 13/10/2012 18:52

Indeed, theivorytower...........

papal_pauper

I think you'll find that the principal c.50% owner of CRHL has delegated the chairmanship (to his highly regarded manager/trustee investor) which is quite the norm for wealthy people at the top of things...
I am surprised you haven't (said that you have) filtered me.
I try to be constructive, am expecting a return WELL above 2p, (my average is less than a penny) but I filter you without malice as I don't know what your motives are.

Also
IMHO it is a great mistake to invest money on the stockmarket after viewing posts on these threads alone.... Do your OWN research is the message... this kind of share is not for everyone but it will sure have its' day.... I am in no hurry ~

[papal_pauper] 12/10/2012 19:24

Oh and what happened to the Chairman you were lauding ?

10 July 2012

Creat Resources Holdings Limited

("CRHL" or "the Company")
Directorate Changes



Creat Resources Holdings Limited ("CRHL") (AIM: CRHL) announces that Dr. Yuewen Zheng and Mr. Xiaojian Ren have resigned from their roles as Executive Chairman and Non-Executive Director respectively. The Company is pleased to announce the appointments of Mr. Derek An Loy Leung and Ms. Mei ("May") Chen as Executive Chairman and Executive Director respectively and as representatives of Creat Group Company Limited, with immediate effect.

[papal_pauper] 12/10/2012 19:21

rhuvaal2 you have been wrong on CRHL all the way down from 2p to 0.5p

I expect you will go on being wrong about CRHL from 0.5p to 0p

and you were talking about what 3p, 4p ? dreaming of 6p ?

JTCod's Blog - JTC

rhuvaal2 - 25 Nov 2011 - 16:51:00 - 51877 of 59426

henmatt: CRHL (aim)is worth a look ref lithium ion batteries for bikes and ev's. New factory in China coming on stream, plenty of cash and % of hi-quality ore in Canada.and Australia The chairman owns Volvo cars etc. I hold quite a few

Creat Resources Holdings - CRHL

rhuvaal2 - 08 Feb 2012 - 10:04:04 - 1387 of 1817

Hear what you say Bowlhead: I just believe the chairman is biding his time before finding a useful deal in this sector = remember, he owns Volvo Cars, etc and he is in a position to proffer many a soft loan to crhl. Anyway, thank you for your post above.

Also, the company enjoys high level contacts with the Chinese government concerning strategic acquisitions of raw materials to satisfy future growth in demand. These things take time..... or come out of the blue

Creat Resources Holdings - CRHL

rhuvaal2 - 05 Feb 2012 - 10:36:01 - 1380 of 1817

At today's figures (and assuming I have done my sums correctly) Creat's investment in Galaxy is worth just a tad under 3p a share.... plus the Tasmanian stuff, plus whatever our illustrious and highly successful Chairman decides to inject or deal on our behalf..

Andrbea:
my figures are calculated on CRHL owning 11.78% of Galaxy, ex-HK listing etc per company notes but not as stated in yr header above LOL :)

[rhuvaal2] 12/10/2012 18:35

fenseal
your comments echo mine.... the debt is absorbed by the majority shareholder.. no probs here, got Q' a lot of these. No ramping = don't need to :)

[papal_pauper] 12/10/2012 13:20

when you see people ramping a share and they have a history of being in illiquid pump and dump situations you can bet they are anxious to sell

[fenseal3] 12/10/2012 12:54

You can see the pattern here, sells go through and get soaked up, we have a small drop, then the price goes back up on tiny buys....this for me says a lot the mm's happy to take stock and reluctant to sell, watch out for news here soon...this is the only miner i know that has not made a solid move, that is down to lack of news but it will come...just look at their holding in galaxy, and look how far galaxy can go, that's besides all their licences they have....i got told to buy in here 18 months ago the tip came from a bunch of investors that are also in here, every share they have picked in the last 18 months has always given them a 50% to 100% return, they are waiting for this one to come to fruition...when you get peeps deramping a share you know it's time to buy...GLA!!!

[pro van liar_s2009] 11/10/2012 08:41

fenseal gone very quiet now, sold already leaving sheep high and dry ?

[papal_pauper] 10/10/2012 19:01

There is massive debt which looks to be far in excess of assets.

[gigabyte3d] 10/10/2012 18:38

Wow, Why has it dropped so much in the last few days? After doing some reading into this company I see it as a long term success!

Also, these bashers need to be reported to the FSA!

[acta_topup] 10/10/2012 14:11

A new avatar - when will this freak be stopped

[scientologyweirdo] 10/10/2012 07:11

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] 10/10/2012 07:11

http://www.moneyweek.com/investment-advice/penny-shares/penny-sleuth-why-i-dont-buy-chinese-stocks-on-aim-60618

Why I don't buy Chinese stocks on AIM

By Tom Bulford

Sep 18, 2012


Greg Rudd, the brother of the former Australian prime minister, once met a Chinese businessman who gave him some prudent advice.

"You tend to see the good in people, Mr Rudd", he started. "People like you. You laugh a lot. But you'll never make money in China with that attitude. You'll only be taken advantage of. People will trade off you. They won't pay you. The number one rule of doing business in China is this; never trust a Chinaman. Why would you as a foreigner trust a Chinese businessman when we as Chinese don't trust each other?"

Now that advice is pretty close to the bone. But I've said it before in Penny Sleuth – you have to be very careful when you invest in a Chinese company. The record of AIM-listed Chinese companies is simply awful. And with so many still coming to market, there is a real chance that many private investors will end up making some very expensive mistakes...