The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I've held this for 13 years waiting for it to go pop. Jam tomorrow year after year. It went to 70p back around 2007. 20p would be a mild fizzle at best, but I'm not expecting even that. If they had something worth investing in then I believe it would have been snapped up by now. Feels like a comfortable way for a few directors to supplement their income now and nothing more. Year after year they come back to the market with their begging bowls and investors get nothing in return, not even some decent detail on how much jam might be available and might be coming their way. All patent this, approval that, trial the other. Just enough info to keep a few interested. I lost interest many years ago, but will hold because the value of my shares doesn't justify the effort of selling. Good luck all !
24:50 - 30:10. Worth a listen if you haven't already done so. http://www.bbc.co.uk/programmes/b08p5l79#play
If I'm not mistaken, small PI's account for a very limited number of shares. I'm assuming that the major shareholders are kept up to speed and are along for the long journey hence not fussed about short term SP fluctuations in the short term. Nonetheless, it is indeed frustrating.
Big spread at the moment. That's not going to attract many buyers. MMS up to something?
Big spread and a few chunky trades. Something afoot?
This one seems to play the gaps quite nicely. Dare I say it looks like the one at 23p may get filled before the one at 13p. GLA
You might want to research Tom Winnifrith. I for one will not be bailing. GLA, Bziz
So gap just about filled, where next ? Small bounce then continue down to test support at 12, followed by approval from remaining southern EU countries in time for this years growing season and just before year end results in march. Who know's ? My buying finger is starting to twitch though. Will begin building a stake again soon. GLA.
Expecting to see 13.75 here soon without news. Big gap to be filled. Volume has gone. I'm bullish long term though.
Ditto
Stop losses going off. Gap to be filled around 12p. Nice buying opportunities coming up.
Sep not Aug
Thanks for the posts. I had read those pages and it is a little confusing but i'm pretty sure that crhl doesn't own any lith 1 shares. The number of shares detalied in those docs is exactly the number of galaxy shares held by crhl. http://www.galaxylithium.com/corporate_capital.shtml
Delays possible ? http://www.marketwatch.com/story/faruqi-faruqi-llp-announces-investigation-of-lithium-one-inc-2012-04-05 Re the 38 million lith 1 shares, I can't remember how many galaxy shares crhl holds but it must be around 38 milliion. Are we getting our wires crossed ? Gla, Bziz
Yes I'm fully aware that crhl is in effect a holding company for creat group. My point was that the value of the galaxy holding to the crhl sp is only that above the original buy price back in 2010. The latest loan is the first secured loan and carries an interest rate of 9%. previous loans have been interest free and unsecured. Something changed ? Well for starters the TL results are delayed either because the anticipated resources weren't firmed up or the margin reduced so much that it's not viable whilst the price of ore sits around $140/tonne. Either way it leaves us waiting and waiting and hoping something might turn up. We waited 4 months for todays rns, and are you any the wiser as a result ? What's the resource value, whens the next meaningful update ? Happy days, not !!! Gla, we're gonna need it. Bziz
So what would you re-rate this to ? The galaxy holding is worth significantly more than the current sp. However, the stake is largely owned by creat group not crhl. If the stake was sold and cg cashed in their loan notes there would be diddly sqwat left for crhl shareholders. The current sp reflects this and the fact that thanks to appaling coms from crhl we can only quess whether they have anything worth digging out of the ground. I've long this written this one off. Valuable but costly lessons for me. I'd be interested in hearing what other investors have learnt from buying into this croc ? Thanks, Bziz
You can buy gxy via TDW. However, you already have exposure via crhl and this should be reflected in the sp within 6 months. My advice would be to stay in cash for at least 2 months until the bigger picture becomes clearer. If you do buy in then please please do so on the basis of good research and TA. A bb may be useful to pick up snippets but should not be used as the basis of decision making. Sorry if I'm teaching you to suck eggs. Having said that ,the mm's seem to be playing gxy at the month. Dropped it nearly 10% on open. Some good buying brought it back just above previous close. If you're good at ta then it might be worth a quick in out. Good luck ! Bziz
Thanks for the replies. I have to admit that if I was Timewise then I would have exercised the put option. Bought the notes tor 4.5p and sold for 6. I guess CG offered the notes to reduce the risk associated with the purchase of Galaxy shares. I suppose it is slightly positive that CG hold all the cards now and the risk of Timewise converting to shares at a damaging time has gone. Re the new loan, interesting that this is the first secured loan albeit with a slightly reduced interest rate. Good to see that it won't be called in until 30 Dec 2012 at the earliest. CG likely have a good understanding of the potential value of the resources being explored by CRHL, so that fact that they continue to invest has to be positive. On timescales, I'm not expecting any sp shifting news until March at the earliest. Galaxy may well progress which is good for our inherant value but I don't expect to see it reflected in our sp as I for one would not be investing in Crhl at the moment in order to get exposure to Galaxy, I would be investing in Galaxy direct. This situation is only likley to change once Crhl show their cards on the tassie exploration. Anyone else got any thoughts on timescales ? Gla, Bziz Any
Struggling to understand the implications personally. Anyone shed any light ? Doesn't seem positive. Timewise fed up waiting for a return ? If CG and the two directors convert the notes into shares we may be facing c. 50% dillution ? Thanks & GL, Bziz
Iron ore price forecasts from JP Morgan. http://www.nasdaq.com/aspx/company-news-story.aspx?storyid=201111221836dowjonesdjonline000478&title=jpmorgan-cuts-iron-ore-price-forecasts-over-next-five-years A good example of why crhl have stated that they're looking to develop a diverse mineral resource assets. At just over $100/tonne it will be very hard for the small producers to make much momey with production costs as high as $100/tonne in some cases. The big boys can do it for $30/tonne ! Exploration and production may eventually take a back seat for the company as they pursue the other element of their strategy gor growth through aquisition. This exploration exploration experience should help to ensure fruitful aquisitions though. Short/medium term sp growth - All eyes on galaxy for me. Re the last RNS, not sure about lead but for nickel I believe you need a conc of at least 2.5% to even consider digging it up ! The result in excess of 60% was interesting but the company were keen to advise agai st too much extrapolation at this stage. Gla, Bziz