Member Info for scubaz

whys this so low? noticed there have been some directors sells? no jorc yet for 10th legion.

Creat Resources Holdings Limited (the "Company") (AIM: CRHL) announces that on 7 July 2011 Kingdom Securities Pty Ltd ("Kingdom Securities") of which Phillip Simpson, Independent Non-Executive Director of the Company, is a beneficiary, sold 300,000 of its ordinary shares in the Company. 250,000 ordinary shares were sold at 3.818 pence per ordinary share and a further 50,000 were sold at 3.8 pence per ordinary share. As a result of this transaction, Kingdom Securities is interested in 3,700,000 ordinary shares in the Company and Phillip Simpson is indirectly interested in, 9,700,000 ordinary shares in the Company (including those held through Kingdom Securities) representing approximately 1.45% of the total voting rights. Most likely for tax reasons as it is only a small amount of Kingdom securities holding. Shouldnt have a significant impact on the share price although MMs may play there games on this today

Agree BMR looking good.I am Sorry that CRHL has dropped so much ,I have the same problem with EDL. Hold and all will come good . USA nose diving so QE3 will be inevitable which will be good for all commodity aim stocks. IMHO

Good luck to everyone. I sold out today at the peak. To many other opportunities and the tenth legion at 3 to 6 million tonnes isnt a big Iron Ore resource when you compare what BEM and BAO have 500 to 750Million tonnes. I cant see it adding much more than 2p to the share price at best. I hope I am wrong. Thanks to Sniffer78 and Izzys informative posts

I like the part "Surge in Demand for lithium carbonate from the EV/E-bike market" Galaxy are the biggest supplier of Lithium to China. This is a Huge Market. dilution yes but necessary for the longterm rewards. Final drill results for 10th legion still to arrive shortly. I see this as positive news.

for the longterm this is good news

Looking good for Galaxy and CRHL. RNS :-Galaxy Resources Managing Director, Iggy Tan, said the proceeds will strengthen the Company's capital base. 'We will use the funds for working capital and ramp up of our Mt Cattlin spodumene project in Western Australia and Jiangsu lithium carbonate plant in China, which we're due to commission at the end of the quarter. The timely commissioning and ramp up of Galaxy's operations are essential in meeting the imminent surge in demand for lithium carbonate from the EV/E-bike market. The raising will also provide the Company with funds for potential acquisitions and the repayment of some debt.'

All looks good for CRHL. 40% of drill results still to come. Highest grade FE 56.6%

Highest grade of FE (IRon ORE) 56.6 % very high grade. BEm has an average of 25% which is considered good. We have an average FE grade of approximately 40 to 45% from the drill results. FANTASTIC news

Very high grades of Iron ORE, very good RNS, and ZINC

looking Good, keep up the good posts

costs to rebuild Japan $309 Billion. Japan is the 2nd biggest user of Iron Ore next to China which is the worlds number one user. China is no longer importing scrap metal from Japan because of radiation fears and is looking to increase imports of Iron Ore from other countries. Big demand from India,Brazil, EU and Quatar will further push up Iron Ore prices this year.

interesting article, thanks.

Steel, iron ore and ferrochrome prices up to 50% this year. Sahit_Muja, Albanian_Minerals: Steel, iron ore and ferrochrome prices up to 50% this year. Growth in demand from India, China along with Japan reconstruction requirement to push steel, iron ore and ferrochrome prices up to 50% this year. Investments in infrastructural projects in India ,China, Brazil, Qatar, EU and reconstruction of Japan's tsunami-affected areas will push steel prices higher . There is 15% growth demand for steel, iron ore, chrome ore and ferrochrome in China and India. Increases demand for steel worldwide is going to have a big impact on the global supply and demand balance. Demand for metals like chrome ore, steel , iron ore, ferrochrome which has also outpaced supply. Steel prices reached $822 per metric ton recently, a 14 per cent rise since the start of this year. The Japanese government has pledged more than $40 billion towards reconstruction efforts of Japan's tsunami-affected areas. Iron ore exporters to raise contract prices about 25 percent in the second quarter from the first as spot prices hit a record. The international markets, The US and European Steel official talked about increase in prices saying high input cost is the reason and increase in the domestic demand . Albanian_Minerals estimates, price of coking coal will be 35 percent up during the second quarter from the first quarter, on account of increasing global demand. Chrome ore exporters are increasing prices as oil prices have increased dramatically.The demand for chrome ore, coal, iron ore in China and India is estimated to increase 20 percent this year. Albanian_Minerals and Bytyci SHPK will increase 30% the price of chrome ore do to high oil prices. Albanian_Minerals have start mining one of the largest deposit of chrome ore in Europe on Zogaj, Tropoje. This open pit mining in Zogaj's location will be one of the largest production of chrome ore in Europe. The cost of mining chrome ore in this location is up 30% this year.

Well done sniffer78. lithium Carbonate selling at approx $2.4 a pound. Need to to do some further research into Galaxy and costs etc and come up with some figures. from your link a further news article stated that Lithium will be stable at present prices for the next 3 years in China. China have had problems sourcing regular supplies of lithium and this will keep todays prices stable. Galaxy are now the biggest supplier of Lithium to China . This is great news for CRHL. If you look at my posts from last night. China need Lithium for batteries in all the toys, computors, cameras, electrical goods that they make.

China Stops Ordering Japanese Scrap Steel on Radiation Risk (Bloomberg)More Public Steel . China will need to get its Iron Ore from other sources such as the 10th legion

07 April Iron Ore-Prices rise again on China steel demand hopes . Tin up 2% today. all bodes well for 10th legion.

I hope your higher valuation is right. Worth noting the word 800m "massive" resource as described in previous news statement and that there are other Iron Ore targets close to 10th legion which are to be explored. It is possible that a much bigger resource could be discovered as both BEM and BAO have found at their sites. I think this is likely and further drill exploration will be required in and around 10th legion . IMHO DYOR

lithium Carbonate is used for medication for bypolar disorder produced in tablet,capsule or as a syrup. SO we have the medical drug companies who need Lithium. The uses for Lithium are essential for modern living in nearly every country in the world. The Lithium battery being the most used product. CRHLhas 20% of the 2nd biggest Lithium miner in the World.

Thanks, For me the Lithium /Galaxy investment has the most potential. 10th legion will be a bonus unless they discover a 100Mt resource which would add 20 to 30p onto the share price. 3Mt of hi quality Iron Ore could add 4 p to the share price ,with the tin resource maybe push the share price to 12 p. But the lithium is the big one. Need to check out lithium values