Creon Share Discussion Threads

[genises] 25/9/2013 21:55

paid ones can do a lot of damage!!

[silkstag] 25/9/2013 17:01

'de-ramping characters' can offer valuable perspective, but I agree them serial-posting baseless negative distortions is 'nasty'...ax is serial-posting the same ramp text.
I havent made my mind up on this (no holding).

[genises] 24/9/2013 21:44

confident yep
But doesn't state they have an option to have another one built of the same size.
It will be interesting to see what develops over the next few months.

[share_shark] 24/9/2013 21:38

Dec RNS GEN

"We are confident that we will be able to build a significant order book"



Glen Lau, CEO of Creon, said:
"This agreement bears testimony to the strength of our joint venture partner - Yangzijiang Shipbuilding - our ability to source significant contracts, and the demand in the market for modern mobile drilling vessels to replace older and shallow water drilling rigs that are being phased out of the industry.
"Creon will be able to leverage off our partner's existing world class state of the art yard and infrastructure whilst simultaneously allowing our joint venture business, YZJ Offshore, to develop a new facility at the recently acquired shore line land in Taicang outside Shanghai.
"We are confident that we will be able to build a significant order book through YZJ Offshore and Jiangsu Yangzijiang Offshore Engineering Co. Ltd."

[genises] 24/9/2013 21:35

This contract includes an option to construct one additional identical unit
cant find the above in that RNS.??

[share_shark] 24/9/2013 21:24

No Gen they havent missed anything out.

See RNS for Dec 2012.

TIDMCRO
RNS Number : 6554S
Creon Resources PLC
04 December 2012
For Immediate Release 4 December 2012
Creon Resources Plc
("Creon" or "the Company")
Portfolio Update: $170m drilling rig order secured

[genises] 24/9/2013 21:12

ddav
great find.
Have you notice the additional info in your link which has been missed out in the RNS 4/12.

to construct and deliver one unit of Letourneau Super 116E
Class design self-elevating Mobile Offshore Jackup Drilling Rig worth US$170 million.
This contract includes an option to construct one additional identical unit

[ddav] 24/9/2013 17:56

More about Mena offshore investments and Olap.

[share_shark] 24/9/2013 17:01

I have posted this before but here we are for new lookers in.

Creon Resources - Strong backing, hunting for O&G - CRO
share_shark - 17 Sep 2013 - 10:29:22 - 1027 of 1085
THIS is one of the most important pieces of info.




About Creon Resources plc
Creon Resources Plc is an investment company whose policy is to invest principally but not exclusively in the resources and/or resources infrastructure sectors.
In July 2012, the Company entered into a joint venture with the multi-billion dollar, Singapore listed, China based shipbuilding company, Yangzijiang Shipbuilding (Holdings) Pte Ltd ("YZJ Holdings"), to invest into the joint venture company, YZJ Offshore Engineering Pte Ltd ("YZJ Offshore"), a Singapore registered company set up by YZJ Holdings to be a leading player in the design and construction of marine offshore oil and gas vessels (jack-up and semi-submersible rigs). YZJ Offshore has a 40% holding in the Chinese mainland business, Jiangsu Yangzijiang Offshore Engineering Co. Ltd ("YZJOE").
To date, Creon has invested US$15.33 million into the joint venture, with YZJ Holdings and its associates having invested a further US$14.67 million. The majority of the funds have gone towards securing land rights to approximately 1.6 million square metres of prime shorefront land in Taicang, some 50 miles north of Shanghai on China's east coast.
YZJ Offshore and YZJOE provide marketing, procurement, front end engineering and design, and management consultancy services for the construction, fabrication and repair of oil and gas marine vessels and platforms.
The Directors believe that the offshore marine rig vessel market is a highly attractive one, underpinned by sustained high global demand and a high oil price environment, the age and phasing out of existing rigs in the market, and the increasing requirement for "floater" structures that are able to operate/drill in deeper water conditions.
ABOUT OFFSHORE LOGISTICS (ASIA PACIFIC) PTE. LTD.
Offshore Logistics Asia Pacific ("OLAP") was incorporated in Singapore in 1997. It is one of the biggest surface to sub-sea oil and gas equipment supplier to the Asian market and is owned and managed by its CEO, Mr. Dino Pereira.
OLAP is an industry leader in the supply of equipment for the oil and gas offshore marine industry. It maintains a wide range of surface and subsea equipment that can be effectively deployed on-site professionally within a short time. The company also provides repairs and maintenance as well as storage services and is the regional representative and sole agent for some renowned products and services in the oil and gas sector.
OLAP is strategically located within the Loyang Industrial Park in Singapore with convenient access to the Loyang Offshore Supply Base that serves as the premier marine hub in Singapore and caters primarily to the oil and gas offshore marine industry.
ABOUT MENA OFFSHORE INVESTMENTS LIMITED
Mena Offshore Investments Limited is a fund managed by OLAP, and domiciled in Labuan, Malaysia, primarily to own assets in the oil and gas market

[genises] 24/9/2013 16:10

next RNS???
offshore wind farm market the consortium is already in discussion with some prospects on how best to capitalise on this further market opportunity.

[silkstag] 24/9/2013 15:54

Only professional investors tend to be sent analyst notes and they contain disclaimers, so people should DYOR, but summary in 16-9-13 BS note on a no liability basis to anyone:

"Conclusion
As at the 31 January 2013 the NAV of Creon was 0.4p, an increase of 18 times as at a year earlier. Notwithstanding the work to date in the China JV and the receipt of a large order, all the investment in the YZJJOE Offshore joint venture with YSH, including Land, is valued at cost. The investment in MGR, which was prudent and shrewd, is also valued at cost. It should provide near term revenues for Creon.
With a supportive large shareholder we can expect more deals in the 'Resource' infrastructure and asset arena and in new geographic locations. Creon has exciting prospects, and we encourage investors to join in what looks like the early stage of a potentially large enterprise.

SPECULATIVE BUY

Shareholdings
Qatar Investment Corporation 72.84%
Dune Engineering PTE Limited 6.19%
Global Tech Investments 6.30%
Pershing Nominees Limited 3.06%"

I am not sure what to make of recent developments. Am pondering [ie I have no holding at the moment).

ps you are right about HB Markets now called BS, they used to invest in companies and then onsell to many small retail clients shortly afterward, thereby creating a bucket-load of odd prints.

[genises] 24/9/2013 15:31

a round the corner on more news.

[share_shark] 24/9/2013 15:29

SilkStag.


Have tried to log on there and read again but I think BS may have a problem at the moment. Thanks anyhow.

[share_shark] 24/9/2013 15:18

Beaufort


Previously HB Markets.

They buy shares.

They then sell them to their clients, usually before good news arrives.

If this happens, you will see a lot of trades, which do not seem to make sense.

Watch for this. Means good news is on its way, if this happens also.

[silkstag] 24/9/2013 14:38

Have you read the Beaufort analyst note plus Speculative Buy recommendation on Creon dated 16-9-13?

[share_shark] 24/9/2013 13:38

No surprise then of this appointment, especially as they have recommended the stock past few weeks, twice.

Appointment of Joint Broker



Creon (AIM: CRO), the resource and resource infrastructure and asset focussed investment company, is pleased to announce the appointment of Beaufort Securities Limited as Joint Broker with immediate effect.





So were they the buyers of the 2mill plus 6.50mill of the third trade(sale) of
8.5mill ?.

Also Beaufort three years ago had 10ooo HIGH net worth clients alone !. Lets hope they commence selling to them shortly, BEFORE good news arrive eh ?.

Looking interesting again.

[share_shark] 24/9/2013 13:28

Further information concerning Mr Petitpierre
Current Directorships: Agena SA
Brauchli SA
Caisse d'Epargne Riviera, société coopérative Compagnie Industrielle et Commerciale du Gaz SA Cosvegaz SA
DEV (Développement Economique Canton de Vaud) Ecorecyclage SA
EUROGAS - European Union of the Natural Gas Industry
Fingaz SA Financière Internationale du Gaz
Fondation de la Confrérie des Vignerons de Vevey
Fondation de la CroixRouge, Service Régional Vaudois de Transfusion Sanguine CRS Fonds de prévoyance de la Caisse d'Epargne Riviera, société cooperative
Fonds de prévoyance de la Compagnie Industrielle et Commerciale du Gaz SA Vevey
Gaznat SA Société pour l'Approvisionnement et le Transport du Gaz Naturel en Suisse Romande
Genossenschaft VSG ASIG (Société Coopérative VSG ASIG) Helips Holding SA
Helips SA
Holdigaz Immobilier SA
Holdigaz Management SA
Holdigaz SA
Holdigaz Services SA Holdigaz Trading SA Innotex SA
International Gas Union Joseph Diémand SA Mosses - La Lécherette SA Novogaz SA
Organisation Silvio Giobellina Gestion SA Organisation Silvio Giobellina OSG SA Palexpo SA
Petrosvibri SA Riviera Finance SA Roos Ventilation SA
S.I. Logements Modernes SA
Société du Gaz de la Plaine du Rhône SA
Soleil Energie SA
Swissgas, Société Anonyme Suisse pour le Gaz Naturel (Swissgas, Società Anonima Svizzera per il Gas
Naturale) (Swissgas, Swiss Company for Natural Gas Limited) Taxa SA
Télé Leysin - Col des
Past Directorships: Dompé International SA
Germanier SA (placed into administration 2011)
Inventum Management AG
Swissgas-Stockage Société Anonyme
Transitgas SA
Unigaz SA Union Interrégionale pour le transport du gaz naturel (Unigas AG Interregionale Erdgas
Transportgesellschaft)
Philippe Petitpierre is not currently beneficially interested in the issued share capital of the Company. There is no further information required relating to Philippe Petitpierre to be disclosed under paragraph
(g) of Schedule 2 of the AIM Rules.

[napoleon111] 24/9/2013 08:55

i'm curious to see whether we can turn into a integrated oil and gas co, with many parts of the supply chain ( a la glencore model) for ourselves, in that a) jack up rigs, b) commodity trading, c) oil/gas developement/exploration opportunities based on this mornings release...this could get very interesting and i think around this level, time to pick up some more for sure

[xcap] 24/9/2013 08:39

Nap, oilbuy ss all
imho this seems to me be a clear move into the energy sector (oil and gas)
lets think...gas, oil, jack up rigs and a trading company (MGR), interesting to say the least........
Mr Petitpierre on the Board of SWISS GAS, well doesn't take much to work out where we are heading
Interesting Board we now have with
1. experience
2. contacts, and
3. access to financial resources

I wonder what the quantum of the next deal will be. Quite large I suspect.
I also suspect Mr P has already a couple of gas deals he has worked on which he will bring to CRO.
Just a question of when that next RNS announcing the next (gas) deal will hit the market.

[napoleon111] 24/9/2013 08:21

strange, not a share traded yet!

[oilbuy] 24/9/2013 07:58

Looks like we migh claw back some of yesterday's loss. Let's hope were moving into gas as this would certainly create more PI interest !!!!!

[napoleon111] 24/9/2013 07:47

very interesting...

[xcap] 24/9/2013 07:09

well, well, well. New name, new Board member, perhaps a new 'gas' deal in the pipeline (pun intended)
Very interesting RNS' this morning.
Looks like we are about to move into the energy sector given the new Directors background and he can also source the financing being associated with 2 banks!

[swong21118] 23/9/2013 12:17

Anyone seeing any prospect with this company? Just keep dropping like a stone......