Member Info for NatCoalKing

Business rate at present is A$1.676 to the £1. On that basis A$0.08 is £0.0477p. Depends if you're going to get business rates on your transfer though. If you transfer through banks, they give you their conversion rates, which aren't so good. If it's a fair bit of money, you will get a better rate if you use currency specialists rather than your usual bank. I used these guys for a one off payment when I bought a house in the US and saved myself a few thousand pounds just on the currency transfer alone: http://www.hifx.co.uk/

Yes, a bit more waiting unfortunately. I see the minimum subscription has increased from $8m to $12m. I wonder if they have done that as they have someone prepared to plough in $4m straight off (great if it was CRHL) and they still think that they can still get a further $8m as originally planned. A bit far fetched I know but there must be a reason why the minimum has increased by 50%.

http://www.asx.com.au/asxpdf/20130702/pdf/42gtvqpjgwj9c1.pdf I'm about to go into a meeting but will read through it at lunchtime.

http://www.investegate.co.uk/african-eagle-resources-plc--afe-/one/african-eagle-resources-plc---proposed-disposal---/20130702070038H3456/

The finance and the petition are 2 separate matters, as you say. What is encouraging though, albeit we don't know the detail, is that AFE seems to have a bit of fight left in it yet otherwise why bother contesting the petition?

Still no new prospectus as yet. The longer it is delayed, the better as far as I'm concerned as there might be a point where they say it is not needed after all as the Special Committee has sorted things out without a RI.

Very interesting. A Creat representative in the Special Committee is very good news.

Yes, I saw that program. Half of the world's estimated spply of Lithium is in that lake.They were certainly bigging up Lithium's prospects which bodes well for GXY who are years ahead of any production from that lake. Getting the stuff down from 4,000m without any current infrastructure isn't going to be cheap or easy. GXY are in the right place at the right time and CRHL should be backing them all the way.

http://www.asx.com.au/asxpdf/20130625/pdf/42gnw9l2pfs5rx.pdf I suspect that there are going to be some major changes to the RI terms. Let's see what these are on Friday. In my dreams it will say that a lot less funding will be needed now as CRHL will substantially increase it's holding to 19.9% after the RI !

http://www.asx.com.au/asxpdf/20130618/pdf/42gjq9m06yzxhg.pdf Glacial - agree with your sentimets. The current spread is being kept wide to prevent trading until the bigger picture is known. Last week, someone sold some at 0.5p and the next trade the following day was a purchase at 0.7p - a 40% shift between the sell and buy! When the Galaxy deal is done this share is either going to fly or sink!

http://www.investegate.co.uk/creat-resources-hld--crhl-/rns/change-of-director/201306171008471714H/ The plot thickens!

Quite a few juicy trades in the 2.6p to 2.75p region over the last few days. Maybe VMR have found the level that they want to buy more at. If it is them, we should be seeing a Holdings RNS or two in the next week or so.

This now looks to me like it is all being set up for a takeover, if one of the major shareholders wants it. Hopefully more than one is capable of doing it, enabling us to get the best possible price for our shares, unless of course Creat Group are interested in buying it whereby I don't want anyone else to get involved!

Now this is more like it. Come on CRHL, let's see what you're made of. http://www.asx.com.au/asxpdf/20130612/pdf/42gfcj1r4mtkrl.pdf

http://www.asx.com.au/asxpdf/20130611/pdf/42gdstmdstxcjn.pdf As we suspected, there are some very big board changes going on at GXY.

I agree it's going to be rather interesting leading up to the end of June/early July. I think you have said it before, but only those eligible can apply for these new shares - "shareholders who are on the Company's Share Register ... with a registered address in Australia, New Zealand and Canada". If the Creat Group want to get involved in this, and I'm almost certain that they will, they will have do to so within the entity that is CRHL. I might be dreaming a bit here, but I think Creat Group are going to provide more funds (on favourable terms as usual!) to CRHL to enable them to buy plenty of these. When's the next production update due?

Those are two rather wide questions, if you don't mind me saying! In a nutshell, we are waiting for news on funding for Galaxy. Expecting announcements early July as to what they have agreed funding wise and confirmation from CRHL as to what they have offered in the process. A good time to have a small punt in here, imo, up to mid-June when I expect those that bailed in the middle of May will be looking to get back in ready for the news.

Including a timetable of events: http://www.asx.com.au/asxpdf/20130527/pdf/42g46ctj2y7tb1.pdf http://www.asx.com.au/asxpdf/20130527/pdf/42g45hxbwm0slk.pdf

Not many sellers at this range. I think the MMs are going to have to take the price up fairly soon to entice a few more sells to enable VMR to buy more.

That would be the dream scenario. I still think anything can happen with this though. I'm pretty confident, having a large interest, that we are heavily involved in the restructuring.