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Hi Mill think anyone involved in anything to do with stock markets are all Charlatans, as a lot of Politicians. Bear in mind Harworth Estates are doing very well. Alas no one can make deep mined coal profitable due to GREEN energy generation. Not all the investors and staff are Charlatans though. lets hope UK COAL miners get jobs in fracking ( those that are young enough) Nice to hear from you
... this company collapsed and the charlatan management jailed. Imo of course.
Yes it was priced in!!! & how much wad thatCoalfield Resources says that HEL was a supportive participant in the consortium but has reminded its shareholders that it provided for the anticipated higher cost of an immediate closure of UKCP mines in its 2013 accounts.
12 June 2014 | 09:20am StockMarketWire.com - Coalfield Resources does not expect a reduction in the carrying value of its 24.9% stake in Harworth Estates Property Group following the likely collapse of UK Coal Production's managed wind down and closure plan. HEL, as the freeholder of most UKCP sites, was a participant in the consortium supporting a wind down and closure plan which is now unlikely to proceed following Hargreaves Services' withdrawal yesterday after saying it wad not been possible to secure a plan that it was able to support Coalfield Resources says that HEL was a supportive participant in the consortium but has reminded its shareholders that it provided for the anticipated higher cost of an immediate closure of UKCP mines in its 2013 accounts. HEL does not expect a further negative impact on its property valuations, and as such, Coalfield Resources does not expect a reduction in the carrying value of its investment in HEL. At 9:20am: [LON:CRES] Coalfield Resources share price was +0.01p at 6.13p Story provided by StockMarketWire.com 0 0 . . Coalfield Resources (CRES) - See more at: http://www.stockmarketwire.com/article/4828450/Coalfield-Resources-update-on-HEL-carrying-value.html#sthash.lF12xmj3.dpuf
Move away from Deep mining risk http://www.yorkshirepost.co.uk/business/business-news/mine-closure-deal-collapse-could-be-the-chance-to-save-pits-long-term-say-union-1-6667549 UK Coal will continue to work with Government, Harworth Estates, employees and the trade unions and will provide an update in the coming days.” In a statement, Hargreaves said: “It has not been possible to secure a plan that it is able to support. In these circumstances the company is no longer able to provide loan finance and has now withdrawn from the process.” Chief executive Gordon Banham said: “It is with great regret that this announcement is made today. “However we would like to recognise the help and efforts of the Government, unions and other stakeholders including Harworth Estates, in trying to develop a plan that we could support
Well well well it seems the wind down of the COAL ops wont happen?, this was due to be supported by HARWORTH and HARGREAVES with a GOV GRANT. HARWORTH remained partly exposed ( albeit priced in), to this part legacy. However seems now released from the risk. ************************************************************************************* RNS DOES confirm ALL THE COAL FIELD or most is HARWORTH FREEHOLD FROM RNS:- HEL, as the freeholder of most UKCP sites, *********************************************************************** anyone back me up on this, am I correct?? If so could be now see a push towards NAV
MORE at this price Thankyou Kerching!!! ************************************************************** My CRES holding is now getting to EPIC proportions ( well for me anyway) However I am getting B O R E D of the BOARD...... can we have some movement sil vous plait
Ahhh well time to stock up on some CRESSY stock
***************************** Kumo Breakout
The outline permission allows construction of a strategic rail freight interchange in the former coal-mining town of Rossington. An intermodal terminal, rail and road access, a new junction on the M18 motorway and a section of a new road from Doncaster to Robin Hood Airport have also been consented as part of the permission. The total commercial and industrial floor space is 562,000 square metres, which includes B8 warehousing space with ancillary B1 and B2 uses, and is located entirely on green belt land. Permission was granted by Doncaster Metropolitan Borough Council in August 2011, when the section 106 agreement was also signed. There was no call-in or public inquiry. The applicant was Verdion (formerly known as Helioslough), and consultants CgMs Consulting advised on the scheme. The legal advisors were Hogan Lovells International. Construction is now under way. The survey also under-reported the number of homes given permission in the Waverley housing project near Rotherham. The total number included is 3,890, 856 of which are due to be affordable, which puts the scheme up to 25th in our ranking of housing permissions. The applicant was Harworth Estates, and the development is around ten per cent complete. Pinsent Masons' credit for advice was missing on the Legacy Communities Scheme in east London, Sherford New Town near Plymouth and the Whitgift Centre redevelopment in Croydon, south London. Gallagher Estates was the applicant for the Fairfield Area 10 development outside Milton Keynes and the Wixams in Bedfordshire. Phillip Jeans Homes was the applicant for the Whitfield Urban Extension near Dover. http://www.planningresource.co.uk/article/1297337/correction-revisions-plannings-biggest-100-permissions
5 Logistics North Harworth Estates Late last year, Salford City Council and Bolton Council gave outline permission for a 102ha industrial park on the site of an old opencast mine next to the M61 motorway. Developer Harworth Estates plans 367,000 square metres of industrial and distribution facilities, 7,000 square metres of office space, plus retail, food and drink outlets and a 100-bedroom hotel. http://www.planningresource.co.uk/article/1294508/100-biggest-permissions---commercial-industrial
Hargreaves Services and Harworth Estates are set to give UK Coal a combined loan of around 20 million pounds. To help the business, whose two deep coal mines employ around 1,300 people, wind down its operations in a controlled way over 18 months, the government, coal producer Hargreaves Services and Harworth Estates are set to give UK Coal a combined loan of around 20 million pounds.
Meanwhile, the company said it remains in discussions with the UK government over its potential involvement in a Harworth Estates to take joint control of former pits? The proposal would see Hargreaves and Harworth Estates each invest £5m, alongside a £10m interest bearing commercial loan from the UK government, to allow UK Coal to avoid immediate insolvency. It would also allow the solvent closure of its deep mines and the repayment of loans. http://www.heraldscotland.com/business/company-news/bad-winter-hits-share-price-of-coal-company.24368581
zzzzzzzzzzzzzzzzzzzz yes bladdy boring..... I guess there will be moves a foot with the managed closure of deep mines? if that does transpire to take back the land..... so yes more on Harworth assets in the future
I still have a holding here but sold a lot on no movement . thought better to invest on something that may move this year ..Didn't go to the AGM this year as didn't think anything new or interesting would be mentioned . I do however have two or 3 burning questions that I would have raised at the AGM .. 1 why discount director buys at 1p share . surely this is too low a price .. need a vote on this ?? 2, why 30% below value .3, reports not mentioning the true value of recourses .ask Ken about the last one .4, do we get the land at the 2 last deep mines when production ends !?? . long term value in holding but this is boring to watch ..
What directors !!! I believe there are only 2 main board directors one of which is Mr Cox who owns circa 7million shares. The share price has doubled since last year and we had a share issue at 2p !!! People who bought in last year should be in profit.. I think given this company has only been in existence just over a year and is now in the property business ,then it is doing fine.. Things dont happen over night they are long term projects. IMO if anything is going to happen it will do so towards the year end other than that we could be in for the longhaul.
Director are not investing in the company which is not a good thing in my view ..... To be honest I don't know when it will cross 6.50p? May be next the way the share price is moving ..,,,,,,when the good news will come??????
all pretty mundane? Resolution 1 - Adoption of Report and Accounts Resolution 2 - Re-election of Director Resolution 3 - Approval of the Directors' Remuneration Report Resolution 4 - Approval of the Directors' Remuneration Policy Ordinary Resolutions 5 and 6 - Reappointment of Auditors and auditors Remuneration Ordinary Resolution 7 - Allotment of Shares Special business Shareholders will be asked to consider and vote upon the following: Special Resolution 8 - Disapplication of pre-emption Rights Special Resolution 9 - Authority to purchase own shares Special Resolution 10 - General Meetings at Short Notice
sorry i haven't read anything..................please can u give us information
Hardly Excitement Usa. is it? did we look at the resolutions that were passed?? yesterday
This company is just wasting investors time and money................from last 10 months 6.05>>>>>>6.35 omg
anyone not invested in CRES ( Coalfield resources) note that the former UKCOAL is not linked to CRES. CRES are 25% holders of HARWORTH ESTATES
Nowt to do with Coalfield resources but interesting:- Coalfield Resources : UK COAL BOSS QUITS 05/21/2014 | 01:40am US/EasternRecommend: 0 EXCLUSIVE The boss of stricken UK Coal quit yesterday ahead of plans to close two deep mines. Kevin McCullough resigned after a Pounds 10million Government loan was secured to shut pits in Kellingley, North Yorks, and Thoresby, Notts, by next year. In a letter seen by the Mirror, McCullough said: "I had hoped to make UK Coal a household name again. "I firmly believe we are essential for security of supply in the UK and keeping energy bills as low as possible. "We made good progress and started to move in the right direction before the strong pound and continually low international coal price brought us to this point." But Labour's Shadow Energy Minister, Tom Greatrex, accused UK Coal and ministers of snubbing potential white knight saviours for the pits. He said: "UK Coal has spurned opportunities to speak to those with an interest in keeping both pits operating." But a spokesman for UK Coal said Mr Greatrex's claims were based on "rumours" and were "complete nonsense". He said: "Why would we ignore such calls? Directors have a duty to listen to any potential investors."
Do u see any movement in sp this afternoon?
maybe some news on sale of Harworth Insurance Also there was some hint in annual report of what form CFR is likely to take..... as in its current state, its done its job