Creat Res Ld Share Discussion Threads

[barnetpeter] 13/2/2013 17:09

I agree; crhl has been a rubbish investment and I called it completely wrong.

But everything has its price and this had fallen 99% in just over a year. Someone has been buying these in numbers so they must think there is decent value here. It does have a lot of assets that are easy to sell in the market. Debt can be serviced with such cash.

We are talking about a tiny punting stock that is on its knees. Someone thinks it has value...and I have put some cash in over the last few days. Maybe I will regret it....but what did you expect at these levels?

[barnetpeter] 13/2/2013 16:46

If you wanted a stake in Galaxy cheap, you would buy Creat first. Tiny mkt cap with a lot of cash due and a huge stake; worth much more than the debt.

[acta_topup] 13/2/2013 16:09

From LSE:

15:52 13/02/2013 [sniffer78] CRHL
Galaxy investment alone is worth around 1.6p per share at $0.40 37,834,912 million shares which CRHL hold, and thats with out £6.6 million cash from asset sale, which is progressing and likely to complete in Q1 and new investment update after sale completion. ATB

[acta_topup] 13/2/2013 16:08

800K sells easily absorbed, onwards and upwards

[whereareallthemugpuntersyachts] 13/2/2013 16:04

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)

[acta_topup] 13/2/2013 15:22

Max buying quotes anyone?

[acta_topup] 13/2/2013 15:17

Paying 0.5

[dontshootthemessenger] 13/2/2013 10:27

Anyone who falls for your b.s. deserves to lose all their capital

LOL investing in something with MASSIVE NEGATIVE EQUITY

A fool and his money...

[andrbea] 13/2/2013 10:17

Hot Copper (gxy):
The Chinese New Year holiday is from Feb. 9 to 15. So I think there is no chance of reopening the factory by this week. Hopefully it would reopen by next and reduce our frustration.

[dontshootthemessenger] 12/2/2013 22:46

Creat Resources Holdings - CRHL
BAM BAM Rubble - 19 Oct 2012 - 16:15:44 - 1836 of 1892
The upcoming accounts will show the extent of the negative equity or nil value position. Proceeds from the asset sale will be divvied out to Creat Group firstly through interest charges on the debt and they can also get cash in return for reversing an asset in here, probably some exploration leases in the backend of nowhere. Creat Group have effective control over the Board and voting rights all but guaranteeing any acquisition will be weighted in favour of themselves rather than ordinary shareholders. From the RNS:

Part of the cash proceeds will be applied to new investment opportunities. Major creditor & shareholder Creat Group will support the Company in further investments. Directors will consider opportunities to invest in high-risk early-stage assets in which it may use the connections of Creat Group

[simpletonremover] 12/2/2013 21:57

Ahem ! Galaxy shares are not doing anything ? What did you expect them to do, a little dance ? What they ARE doing is providing an asset currently valued at
$15 million owned by CRHL and set to increase with a target price, for reasons previously disclosed by shareholders of Galaxy, resulting in $37.5 million. That coupled with a separate asset sale of $4 million paints a different picture to the one you seem so keen to brush in red with the added effect of the odd capital letter in the top frame. You appear a little fearful about CRHL appreciating in value it seems and I do not wish to know why but fearful you seem, nonetheless, complete with the assistance of pretty pictures and fanciful lettering to draw that extra attention.

[dontshootthemessenger] 12/2/2013 20:33

CRHL have MASSIVE DEBTS



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)

[dontshootthemessenger] 12/2/2013 20:32

Galaxy shares are not doing anything

[serge gnabry] 12/2/2013 18:22

lol as if Americans and europeans have never cheated people in business.
remember 2008 collapse all western institutions that almost fuked up the entire financial system. i suppose that is ok though?

[whereareallthemugpuntersyachts] 12/2/2013 14:58

this company has MASSIVE LIABILITIES

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...

[andrbea] 12/2/2013 13:50

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"

[sk02457] 06/2/2013 08:40

GALAXY RESOURCES LIMITED ABN: 11 071 976 442
Level 2, 16 Ord Street, West Perth, WA 6005 T: [phone] F: [phone]
www.galaxylithium.com
ASX ANNOUNCEMENT / MEDIA RELEASE
meeting a lithium future
Perth, Australia
6 February 2013
GALAXY'S JIANGSU PLANT OPERATIONS RECOMMENCED
Following clearance from the Zhangjiagang Safety Bureau (Safety Bureau), Galaxy Resources Ltd (ASX: GXY) ("Galaxy"
or "the Company") advises that it has recommenced operations at its Jiangsu Lithium Carbonate Plant ("Jiangsu" or "the
Plant") in China.
The Safety Bureau has inspected and approved Galaxy's repairs to the affected u-bend section of pipe in the sodium
sulphate crystallisation area of the Plant that ruptured in November 2012.
Galaxy expects the Plant to be fully operational and producing lithium carbonate within the week.
In addition, a complete Hazard and Operability (HAZOP) review has been conducted across the Jiangsu operation by Risk
Management Solutions to ensure complete and ongoing safety of the Plant.
The main calcination kiln is in the final stage of the dry out process. It will shortly be heated to full temperature to coincide
with the start-up of the Plant allowing for a seamless transition to full operations.
Galaxy Managing Director Iggy Tan thanked Jiangsu site personnel and management for their efforts to oversee the redesign,
repair and commissioning of the affected section of the Plant.
"We are pleased to have obtained the Zhangjiagang Safety Bureau's clearance and to have recommenced operations at
Jiangsu," Mr Tan said.
--ENDS--
GALAXY RESOURCES LIMITED ABN: 11 071 976 442
Level 2, 16 Ord Street, West Perth, WA 6005 T: [phone] F: [phone]
www.galaxylithium.com
ASX ANNOUNCEMENT / MEDIA RELEASE
meeting a lithium future
For more information, please contact:
Corporate Media Contact
Iggy Tan Jane Grieve
Managing Director FTI Consulting
Galaxy Resources Ltd Tel (office): [phone]
Tel (office): [phone] Tel (mobile): + 61 (0)488 400 248
Email: [e-mail] Email: [e-mail]
About Galaxy (ASX: GXY)
Galaxy Resources Ltd ("Galaxy") is an Australian-based global lithium company with lithium production facilities, hard rock mines and brine assets in
Australia, China, Canada and Argentina. The Company is an integrated lithium mining, chemicals and battery company listed on the Australian
Securities Exchange (Code: GXY) and is a member of the S&P/ASX 300 Index.
Galaxy wholly owns the Mt Cattlin project near Ravensthorpe in Western Australia where it mines lithium pegmatite ore and processes it on site to
produce a spodumene concentrate and tantalum by-product. At full capacity, Galaxy will process 137,000 tpa of spodumene concentrate which will feed
the Company's wholly-owned Jiangsu Lithium Carbonate Plant in China's Jiangsu province. The Jiangsu Plant has commenced production and will
produce 17,000 tpa of battery grade lithium carbonate, the largest producer in the Asia Pacific region and the fourth largest in the world.
Galaxy is also advancing plans to develop the Sal de Vida (70%) lithium and potash brine project in Argentina situated in the lithium triangle (where
Chile, Argentina and Bolivia meet) which is currently the source of 60% of global lithium production. Sal de Vida has excellent promise as a future low
cost brine mine and lithium carbonate processing facility. The Company also owns the James Bay (100%) Lithium Pegmatite Project in Quebec,
Canada.
Lithium compounds are used in the manufacture of ceramics, glass, electronics and are an essential cathode material for long life lithium-ion batteries
used to power e-bikes and hybrid and electric vehicles. Galaxy is bullish about the global lithium demand outlook and is positioning itself to achieve its
goal of being involved in every step of the lithium supply chain.
Caution Regarding Forward Looking Information.
This document contains forward looking statements concerning Galaxy.
Forward-looking statements are not statements of historical fact and actual events and results may differ materially from those described in the forward looking statements as a result of a variety of
risks, uncertainties and other factors. Forward-looking statements are inherently subject to business, economic, competitive, political and social uncertainties and contingencies. Many factors
could cause the Company's actual results to differ materially from those expressed or implied in any forward-looking information provided by the Company, or on behalf of, the Company. Such
factors include, among other things, risks relating to additional funding requirements, metal prices, exploration, development and operating risks, competition, production risks, regulatory
restrictions, including environmental regulation and liability and potential title disputes.
Forward looking statements in this document are based on Galaxy's beliefs, opinions and estimates of Galaxy as of the dates the forward looking statements are made, and no obligation is
assumed to update forward looking statements if these beliefs, opinions and estimates should change or to reflect other future developments.
Not For Release in US
This announcement has been prepared for publication in Australia and may not be released in the U.S. This announcement does not constitute an offer of securities for sale in any jurisdiction,
including the United States, and any securities described in this announcement may not be offered or sold in the United States absent registration or an exemption from registration under the
United States Securities Act of 1933, as amended. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer
and that will contain detailed information about the company and management, as well as financial statements.

[andrbea] 28/1/2013 14:13

gxy thread (22.1.13)

"I'm against any performance benefits to Any and all Involved on the board."

Yep! Who's going to the AGM in Perth on 15 Feb to tell them? Also, tell them...

1) No more cap raising (dilution)! Unnecessary! The plant was making $2m/mth and doubling production every month when it stopped. At full capacity, the plant is designed to produce 17,000t of battery-grade lithium carbonate per year. Spot prices in China are currently over US$7,000/tonne for battery grade and US$6,250/tonne for technical grade product. This equates to roughly $115m pa. So lets focus on becoming savers and talk to the bank about our expansion plans.

2) GXY's market cap is now only $200m. If ECE thinks it can now put in $66m and take one third of GXY, tell them: "No Thanks!" If Chengdu Tianqi or Wrockwood make a takeover offer tell them any amount under $600m is laughable.

3) It makes absolutely no difference if Sal de Vida starts production in 4 years or 5 years. So put the Sal de Vida pilot plant on ice for 12mths and focus activity and the money on the Jiangsu plant. Just keep the drill running at Sal de Vida and keep us informed on the resource estimates.

4) Put a call out for partners in the US, Europe, Korea and Japan. If we cant get enough for our lithium product from China then we will sell it elsewhere.

... anyone got anything else to add?