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I can never seem to log in to Hot Copper so here is the actual ASX release: http://www.asx.com.au/asxpdf/20130510/pdf/42ftd9904wqrb4.pdf
GXY shares are suspended, CRHL's are not. Surprising lack of activity here though in the last few days. I'm surprised someone, somewhere doesn't know what's going on though and could buy/sell CRHL with that knowledge.
A strong buy? You little ramper you.
Dr Zheng's resignation confirmation on pages 5 and 6. I see he had by far the biggest interest in GXY of all 4 of the directors resigning so I wonder what has made him go? http://www.asx.com.au/asxpdf/20130507/pdf/42frgz87d7svc3.pdf
Another thing ticked off the list this morning. Onwards and upwards. I wonder what VMR's plans are from hereonin. Clearly, they want to take their holding up to 19.9% but when are they going to do it and at what price? Just a word of caution - MMs have a lot of control over the share price and if an II wants in, then the MMs can play all sorts of games to get them in, including taking the share price down if they need to, making PIs panic and sell. Just have your wits about you for the next couple of months and try and see the bigger picture of what's going on here. One other point, I doubt that we will get an announcement on De Witts until VMR have their 19.9%. I'm sure at boardroom level this is a given as this is where most value is and VMR will be less than impressed if they missed the boat by not being fully loaded at that point. I will be keeping an eye on Holdings RNSs for VMR in the interim which should tell us how their buying is going.
http://www.asx.com.au/asxpdf/20130506/pdf/42fqh49k3f394c.pdf Whatever this suspension is for, it's going to be significant by the look of it!
We should get some details next week about what's going on at GXY. Whatever it is, I hope it will be good news for CRHL. No trades for a couple of days. Perhaps people just waiting to see what the GXY announcement is going to be before deciding what to do. I see the MMs have dropped the ask to 0.75p. I can still dummy sell at 0.72p though.
You beat me to it by seconds there!
Kira I assume VM will have a 19.9% stake in the enlarged 637m figure (current 537m plus the 100m VM are getting). That means that they can have up to 126m altogether. As they will already have 100m, they can buy 26m less any that they may have already bought already ( I think some II was loading up in January which may well have been them) and they will get some from the ousted small shareholders (don't know the figures as yet as to how many they prodcued). Yes, as you say, they are paying well over the current price for the 100m and, what gives me plenty of hope, is that they are buying at that value expecting that there is going to be an upside to turn that into a tidy profit, otherwise what is their point of buying in? Looking good here, imo. I always like to see IIs getting involved.
I'm going with my gut instinct. Sometimes, you have to speculate to accummulate in life so I have no problem in a company living hand to mouth as long as there are medium to long term reasons for doing it that way. COOL could have lived within their means but they would be several years behind where they are now if they did. Getting IIs on board means any extra shares are being swallowed up by them with, I would expect, no intention to release them to the market anytime soon. I have done my research and like where this firm is heading and believe that this price is a good price to buy in but, ultimately, only time will tell.
Try not to be too disappointed. It's the core assets that have the real value in them so keep your chin up as there are plenty of those.
God bless you father. Plenty going on, which is good news. Just need the SA Reserve Bank approval and this share will share to move.
I see the report mentions the second tranche of $20m from Deutches Bank has already been released to the company. The suspension is not about that then.
It's all happening at the moment. Links to your post: http://www.asx.com.au/asxpdf/20130501/pdf/42fmh0p4m5slqd.pdf http://www.asx.com.au/asxpdf/20130501/pdf/42fmgz1tvn1pql.pdf
A 38% spread now on LSE. That'll put a stop to those pesky buyers! lol
http://www.asx.com.au/asxpdf/20130430/pdf/42fk5zc6j05vjh.pdf The plot thickens!
Will be interesting to see the GXY release tonight. If GXY need another AUD$20m, say, then perhaps various investors might stump that up between them, including CRHL to a small extent. If they did, it would have been some pretty decent trading as CRHL sold some towards the end of last year at around AUD$0.40 (I winced when they did it as I thought it couldn't go any lower and we were selling at the bottom) and they can buy them back (and hopefully a lot more) for almost half the price that they sold them at!
They are keeping the spread wide to deter buyers but people are still buying. They can't carry on like that for long without upping the bid to encourage some sells. Rinse and repeat and we have a share price that's going places.
If it hits 8p again, I will be a very happy man. Trading halt release for those interested: http://www.asx.com.au/asxpdf/20130426/pdf/42fglyw9f6gj1g.pdf