Creat Res Ld Share Discussion Threads

[acta_topup] 22/4/2013 13:25

Looks like 1.7 million just bought

[sniffer78] 17/4/2013 15:51

This leaves $1.6 million in the bank along with GXY investment currently worth $8.5 million

[sniffer78] 17/4/2013 15:51

This leaves $1.6 million in the bank along with GXY investment currently worth $8.5 million

[barnetpeter] 12/4/2013 07:48

Yes...buying at 0.3 and 0.35 was the right idea despite all the bears on this thread. Took my full initial stake back....will leave the rest in to see where we go next. GL holders.

[acta_topup] 12/4/2013 07:42

Galaxy now moving forward in a big way:

[acta_topup] 10/4/2013 05:46

Excellent news at Galaxy Resources:

[acta_topup] 09/4/2013 16:38

Looks like a nice recovery play from here:

[acta_topup] 09/4/2013 09:50

Buys at 0.68p

[ali00] 09/4/2013 09:37

Heading for 1p this afternoon by the looks of things.
The rumours must be true....

[acta_topup] 09/4/2013 09:12

Really motoring now

[acta_topup] 09/4/2013 07:47

Nice to see a few buys -this can move very quickly with a low free float

[acta_topup] 09/4/2013 07:22

Chart now starting to look good for a recovery to 1p+, just needs to break 0.5

[acta_topup] 21/3/2013 18:19

And it becomes a more and more of a takeover target every day

[flopinfo] 21/3/2013 18:06

GXY crashing in Aussie

[acta_topup] 20/3/2013 15:11

As you know it all depends on the price. Conversion at 1-2p+ would not be bad. Liabilities gone and shareholder value increased

[scientologyweirdo] 20/3/2013 14:53

£20m of NET LIABILITIES !

Should really be de-listed to prevent mug punters investing IMO

[scientologyweirdo] 20/3/2013 14:52

LOL dilution

[acta_topup] 20/3/2013 14:25

Heard of debt to equity conversion?

[scientologyweirdo] 20/3/2013 14:24

That just means the DEBT hangs around and just bigger repayments down the line.

Overall the Company remains in NEGATIVE Equity.

The share price should be minus right now.

[acta_topup] 20/3/2013 13:51

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

[scientologyweirdo] 19/3/2013 17:05

Are you guys gullible naive mug punters or what ?

Try reading the Balance Sheet to see why this Company has massive NET DEBT



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)

[sk02457] 19/3/2013 07:10

The calculations you make are spot on, I have been in this share since they were known as Zeehan Zinc and although they have been imapcted by the downturn in Australia and the accident at Galaxy I believe that all this is now behind them and the future looks much brighter.

[sniffer78] 18/3/2013 17:40

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

[rhuvaal2] 01/3/2013 12:58

Andrbea ~ I agree with your comments.... do you have holdings in both stocks ?
apol's if you've already said, cheers