Member Info for NatCoalKing

Where did you get that info on the Creat Convertible Note? I could probably find it with a bit of looking but if you have a link to hand, please could you post it up. It looks like they are re-structuring bonds as part of this deal (I assume bonds are the same as Notes!). The top of page 3 of the ASX release dated 20 May says that there are convertible bonds for $62m. Presumably the holders of those Bonds/Notes will be better rewarded for their continued support. If only CRHL could release an RNS to tell us what they are doing in all of this, if anything, but very much doubt that is going to happen until it's all finalised!

Yes, I think it will rise a bit too once the exercise has completed. Let's face it, it won't be going down otherwise what was the point in joining in the RI? It's a 1 for 1, so that means for someone buying in just before the suspension, their average will be about $.015 if they took up their full allotment. It should therefore get up to about $0.20 fairly comfortably before traders start taking their profits.

It was around A$0.4 so, yes, shrewd move in the end although I was concerned that they were selling at the bottom when they did it!

It was to be expected I suppose. Some people bought in for the end of the suspension only to now find it's going on until 1 July so plenty of time to get back in if they want. Also we won't know whether CRHL will be involved in the RO. I hope they are otherwise our slice will be watered down and, at the price and with the ramp up to come, it would make sense. Pretty unpleasant rights issue for the shareholders but I am sure the IIs involved in GXY are heavily involved in the process including, I hope, the Creat Group.

Suspension extended to 1 July - blimey! Might start seeing a bit of action on here leading up to that for people wanting to get involved in GXY through the back door. ASX releases as summarised by sniffer: http://www.asx.com.au/asxpdf/20130520/pdf/42fzsdlsb3hs9v.pdf http://www.asx.com.au/asxpdf/20130520/pdf/42fzsbyhq65v1p.pdf

That's a small buy of 200. Maybe it's a code for "Chaps, they're on to us - give me some shares pdq".

The bid price went up about 7% on that £120 buy! I think the MMs must be rather short on this stock. Any sustained buying from hereon in is going to make it very interesting. I'm hoping for a bit more action on Monday where people might want to take a position before news is released.

In full detail: http://www.conticoal.com/_content/documents/721.pdf

http://www.proactiveinvestors.com.au/companies/news/43246/continental-coal-appoints-bernard-swanepoel-as-non-executive-director-43246.html

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.

http://www.investegate.co.uk/continental-coal-ltd--cool-/prn/village-main-reef-transaction-receives-final-ap---/20130503071837P319C/

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.