Creat Res Ld Share Discussion Threads

[scientologyweirdo] 28/1/2013 09:30

Debt here still far outweighs assets which is why they are in MASSIVE NEGATIVE EQUITY.

Sounds like they are bankrupt but on life support.

[sniffer78] 22/1/2013 20:13

So on completion of taz assets we will recieve $6.6 million plus we have 37,584,912 shares in Galaxy representing 6.707 percent of Galaxy's issued share capital and are market cap is Market Cap 1.7M yeah pays yeah moneys and take yeah chance. GXY Just weeks away from restarting plant GLA

consolidated entity.

On 31 October 2012 the Company received an undertaking from Creat Group in that, for the purposes of assisting the company in achieving its working capital forecast to 31 December 2013:

· Creat Group will continue to provide further funding to CRHL as required with interest rates to be charged based on market interest rates; and

The Company today announces the proposed sale of all of the Group's mining and exploration licences around the mineral rich Zeehan area in western Tasmania, Australia for AUD$4million in cash (plus any applicable Australian goods and services tax which is payable by the Purchaser

Subject to completion of the Sale, the bond deposits paid by the Group to the relevant authorities in respect of the Mining Assets will be refunded to the Group. This amount is expected to be AUD$2.6m

· 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 30 June 2012 or entered into/acquired by Creat Group subsequent to that date, and interest that will be due and payable on such loans or convertible notes through to 31 December 2013

[andrbea] 19/1/2013 09:21

hadn't noticed the news
tks for the heads-up DumpAt

[dumpat0803hrs] 18/1/2013 14:58

Oh and Lithium battery FIRES in Boeing Dreamliner aren't going to help.

GXY have had fatalities and closed plant !

[dumpat0803hrs] 18/1/2013 14:57

duh! could it be the MASSIVE DEBT which means the Company is in MASSIVE NEGATIVE EQUITY position ?

andrbea
18 Jan'13 - 14:51 - 199105 of 199106 0 0


why isn't crhl re-rated?


crhl
mkt cap 2 million pounds, isn't this way too low?

their stake in galaxy is worth:

In Nov:
Following the Disposal, the Company will hold 37,834,912 shares in Galaxy representing 7.052 per cent. of Galaxy's issued share capital.

So x 0.40$/share (today's price) = auds$ 15,133,964 = £ 9,988,416 !!

[andrbea] 17/1/2013 14:32

6%, come on climb!

[andrbea] 16/1/2013 13:25

crhl
mkt cap 2 million pounds, isn't this way too low?

their stake in galaxy is worth:

In Nov:
Following the Disposal, the Company will hold 37,834,912 shares in Galaxy representing 7.052 per cent. of Galaxy's issued share capital.

So x 0.40$/share (today's price) = auds$ 15,133,964 = £ 9,988,416 !!

[scientologyweirdo] 17/12/2012 13:57

LOL some feeble minded mug punter bought 250k of these

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...




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] 13/12/2012 09:58

The MASSIVE negative equity position of CRHL is now untenable in my opinion.

[rhuvaal2] 12/12/2012 11:51

gig ~ be patient.... this is my first view here for months = deals will happen, I am sure of that. Kidcharlemagne: this stock is well-managed and unless you're ill-informed = there is a global recession on and I'm obliged to delete you.

[gigabyte3d] 05/12/2012 19:46

wheres my 2p?

[kidcharlemagne] 04/12/2012 20:17

Been game over for a number of months. Final nail maybe. Whether the performance is simple incompetence or criminal activity is open to debate.

[scientologyweirdo] 04/12/2012 18:23

Tragic that someone has died at their plant.



Looks like game over for this lot ?

[gigabyte3d] 29/11/2012 22:40

2p here we come!!!!

[mellifluous] 22/11/2012 09:27

oh that is classy

list on AIM and sucker in mug punters in UK and then hold your AGM in HK

22 November 2012

Creat Resources Holdings Limited

("CRHL" or "the Company")


Notice of AGM and Posting of Annual Report



Creat Resources Holdings Limited announces that the Annual General Meeting of the Company is expected to be held at the offices of Watson, Farley & Williams LLP, Units 1703-1707, One Pacific Place, 88 Queensway, Hong Kong at 3 p.m. Hong Kong time (7 a.m. London time, 6 p.m. Australian Eastern Standard time) on 17 December 2012.

[gigabyte3d] 18/11/2012 21:51

user_250148 you show all the signs of a basher!!

[scientologyweirdo] 18/11/2012 20:16

The Company do a pretty good job of bashing themselves !

Direct quote from recent RNS

"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."

[gigabyte3d] 18/11/2012 14:50

mellifluous you show all the signs of a basher!!

[mellifluous] 16/11/2012 14:24

Major Asset Sale



Creat Resources Holdings Limited announces that between 13 November 2012 and 15 November 2012, the Company disposed of 256,704 shares of Galaxy Resources Limited ("Galaxy") in aggregate at an average price of AUD0.498 per share (the "Disposal").



The Company has to date invested in the shares of Galaxy as a long term strategic investment. Prior to the Disposal, the Company held 38,091,616 shares in Galaxy representing 7.1 per cent. of Galaxy's issued share capital. As announced on 5 November 2012, as at 30 June 2012, the last financial year end, the holding of 38,091,616 shares had a reported fair value of AUD22,283,595, or AUD0.585 per share.



Following the Disposal, the Company will hold 37,834,912 shares in Galaxy representing 7.052 per cent. of Galaxy's issued share capital.



The average selling price of AUD0.498 per share is below the last reported fair value of Galaxy of AUD0.585 per share, due to a decrease in Galaxy's share price since the year end.



Reasons for the Disposal



On 17 October 2012, the Company announced that it will dispose of all the interests it holds in the mining tenements around Zeehan, Tasmania, Australia ("Mining Assets Sale") for a total consideration of AUD4 million. The Mining Assets Sale is expected to be completed in the first quarter of 2013. Prior to such completion, the Company requires working capital for its normal operations and to honor its commitments under these tenements. Therefore, the reason for the Disposal is to raise short term funding to facilitate the Company to continue its operations through the first quarter of 2013.



The Board points out that:

1. The Company's investment strategy regarding Galaxy remains unchanged;

2. The Disposal only represents a small portion of the Company's holding in Galaxy;

3. The proceeds from the Disposal are expected to be received via normal share trading settlement channels and will be used as working capital;

4. Further disposal of Galaxy shares is expected to continue in the near future in order to meet with projected working capital requirements and aggregate disposal is expected to be approximately 1,000,000 shares of Galaxy.

[mellifluous] 16/11/2012 14:24

The Negative Equity position here is growing at an exponential rate now.