Creon Share Discussion Threads

[share_shark] 29/8/2013 15:06

Certainly something other that contracts, results, new investor on the horizon for CRO methinks. :-)

Juts look at this now.

Beaufort once again and this time recommendation, via the back door for CRO, via LEG !. Hmmmmmmmmm



Thursday, 29th August 2013




Legendary Investments (LEG.L) - Speculative Buy at 0.1p

Over the last few years, Legendary has been recapitalized and quietly built up a diversified and strong investment portfolio. Its proactive strategy is to build value in its investments through more than just the provision of capital. The listing of three of Legendary's investments and its exit of Fastnet validate its strategy. However the real value lies in the value being built up, particularly in VS and Bosques Energeticos, which is not reflected in its NAV, nor in Legendary's share price. Its listed resource investments, while doing all the right things, are currently AIM and TSX-V "out of favour" mining companies. The value being created in Creon is also a potential game changer. We believe the shares are undervalued. SPECULATIVE BUYRead the full report.

[mike111d] 29/8/2013 13:23

Certainly looking to be a good year for CRO, the share price will reflect this at some point I am sure.

[ddav] 29/8/2013 13:16

World Maritime news yesterday --

[xcap] 29/8/2013 13:00

ss
many thanks
strong reinforcement of underlying fundamentals by Beaufort

[share_shark] 29/8/2013 10:21

Here it is............Beaufort Securities aka HBmarkets before.


Creon Resources (CRO.L, 0.68p) - Speculative Buy
Yesterday, Creon Resources announced that Jiangsu Yangzijiang Offshore Engineering, in which Creon has an 18.6% interest, has completed the detailed engineering phase for the construction of its 350 feet Le Tourneau self-elevating mobile offshore jack-up drilling rig. The company said, Jiangsu Yangzijiang is now expected to begin the execution of the project. The detailed technical engineering work which lasted seven months was undertaken in collaboration with Explorer 1 (owned by Mena Offshore Investments Limited). In two years, the rig is expected to be ready for commissioning, the company informed. The share price rose 9.6% yesterday.

Our view: Creon is having a busy year. Le Tourneau, the first rig order worth US$170m, secured by Jiangsu Yangzijian is on track for delivery. The self-elevating rig complying with the modern and sophisticated engineering standards is expected to have a working life of up to 20 years, with the probable commissioning within two years. In April, the company acquired 49% stake in MGR Resources, a ferrous metal and ore trader, with returns expected to begin from H2 2013. Given these positives and the strong progress at the Le Tourneau rig, we are optimistic about Creon's future prospects. We reiterate a Speculative Buy for the stock.

[share_shark] 29/8/2013 10:19

Creon Resources PLC Given Speculative Buy Rating at Beaufort Securities (CRO)

Posted by matt on Aug 29th, 2013 // No Comments


Creon Resources PLC (LON:CRO)'s stock had its "speculative buy" rating restated by analysts at Beaufort Securities in a research report issued to clients and investors on Thursday, American Banking & Market News reports.

Creon Resources PLC (LON:CRO) opened at 0.61 on Thursday. Creon Resources PLC has a 1-year low of GBX 0.40 and a 1-year high of GBX 0.814. The stock's 50-day moving average is GBX 0.55 and its 200-day moving average is GBX 0.5. The company's market cap is £16.7 million

[share_shark] 29/8/2013 08:08

Jeeeeeeeeeeeeeez handbag catcher.........


PREM !.

[oilbuy] 29/8/2013 07:48

Ive a good catch. Make sure there filled with money lol

[share_shark] 29/8/2013 07:23

So having said that oilbuy PLEASE work your magic on here as you did yesterday on PREM !. :-) I shall throw a handbag or two if you dont !.

[oilbuy] 29/8/2013 07:01

Creon is pleased that this joint venture with China's largest non-governmental shipyard has helped it diversify into the offshore marine oil and gas industry which has strong prospects as the deeper basins are now generally all ocean-based. The offshore marine industry also encompasses the offshore wind farm market and the consortium is already in discussion with some prospects on how best to capitalise on this further market opportunity.

[swong21118] 28/8/2013 09:43

The share price hardly moved even it is in the news, what a disappointment.

[bains123] 28/8/2013 08:59

Thanks shark_shark.

[share_shark] 28/8/2013 08:45

Welcome bains123 to our little group. Fingers crossed.

[bains123] 28/8/2013 08:11

Just taken a position here, note buys showing as sells in advfn!

[share_shark] 28/8/2013 07:56

OK off for a cuppa........is it at 4p yet ?.

[share_shark] 28/8/2013 07:51

Just a reminder of that 4th.Dec 2012 RNS. :-)It warms me heart no end.
Drill order for $170 million !.

[napoleon111] 28/8/2013 07:51

interesting mention of the offshore wind farm market, could be a few bucks in that arena for us :D
good news, i think the technical "design" part of this is always a hard part, then its just a case of putting the pieces together a la meccano, so hopefully a few more contracts coming down the line which would be super nice :)

[share_shark] 28/8/2013 07:38

Our non excecutive chairman is much to be admired.

The Company is pleased to announce the appointment of Mr Ghanim Bin Saad Al Saad Al Kuwari ("Mr Ghanim Al Saad") to the board of the Company as Non-Executive Chairman.


Such a very courteous gentleman too !.

Take a look at his connections and business

[share_shark] 28/8/2013 07:34

Ha ha oilbuy.

[oilbuy] 28/8/2013 07:33

Bring on the investor. O its me lolThe plot thickens !!

[xcap] 28/8/2013 07:25

ss, all

re-read

"The offshore marine industry also encompasses the offshore wind farm market and the consortium is already in discussion with some prospects on how best to capitalise on this further market opportunity".

I have been convinced that more significant deals were in the pipeline

and my view is the GL doesn't make hollow statements, so far he has delivered on everything

wonder where this news is going to take us over the next few days

[share_shark] 28/8/2013 07:21

xcap agree and i am just dying to know who the interesting investor is also.

[share_shark] 28/8/2013 07:17

We are indeed xcap and with such a low share price at the moment !. Excellent news today.

[xcap] 28/8/2013 07:17

ss
expect much more I think in the coming weeks.
this RNS confirms to me that we are very much on track. this can only bode well for wining new orders

[xcap] 28/8/2013 07:15

ss, nap. oil and all
here's the first of our RNS'
and it confirms that we have chosen a world class jv partner
confirmation of 'striking steel' is a very significant milestone
I keep saying this is a very grown up business, we're in a world class select band of top tier companies