Member Info for sniffer78

http://www.galaxyresources.com.au/ GXY really starting to ramp up production now up to 55% design capacity 386 tonnes in 15 days at $6800 per tonne, so monthly production for April will be around 772 tonnes = $5.5 million in revenue ;-)

Yep something going on 0.50 have all been buys over the last week Won't take much to push her further

Won't take much to move here, another couple of buys and will be out the blocks again :-)

Yep fun and games, galaxy seller looks to have finished, low volume Friday and Today. GALAXY update will not be far away due in next 2 weeks ATB

To Sell 0.42 to buy 0.50 mm games

Nat they stuck a late one through yesterday wonder if they will again, Galxy seller looks to have finished so should start to recover over the next few weeks, with us in hot on GXY tails. ATB

MM games 0.42 SELL BUY 0.50 galaxy quarter update due in anytime looking forward to next ramp up figures producing $5.5 million per month with increase to come next month :-)

All buys today 0.42 SELL 0.50 BUY ATB news on new investment could come anytime ATB

Chart looks good for another push up, lets see if we have some buyers ATB

http://www.creatfund.com/eng/philosophy.html

http://www.creatfund.com/eng/portfolio.html

Creat Group profit in 2008 was $100m :-)

2009 Creat Group is a private investment company with headquarters in Beijing. It was established in 1992 by its Chairman, Dr Yuewen Zheng. Dr Zheng previously worked in several major Chinese governmental organisations including the Ministry of Railways and the State Bureau of Seismology. He is currently Vice President of the All-China General Chamber of Industry and Commerce, vice president of the China Non-Governmental Science & Technology Entrepreneurs Association. He has a PhD in Finance and Bachelors degree in Finance and Economics. Creat now has net assets of approximately US $630M, with nine domestic and overseas subsidiaries, and over 5,000 employees. It is a leading member of the All-China Federation of Industry and Commerce (ACFIC), which acts as a bridge between the Chinese Government and private business engaged in industry and commerce. For 2008 Creat reported profits of close to US$100M. Creat has certifications in ISO9001 International Quality Management System, HSE and API. Creat has a diverse range of interests including electronics, fruit juices, biological and pharmacy, banking, real estate, health management and mining. The group appears to have been very good at spotting opportunities in the market place and capitalising on them. Some notable companies in which Creat has invested include: • Pinggao Electric, a manufacturer of high voltage switchgear, listed on the Shanghai Stock Exchange; • Shanghai RAAS, a market leader in blood plasma derived medicinal products, listed on the Shenzen Stock Exchange; and • Andre Juice Company, a world leader in apple juice concentrates. Creat currently owns a lead-zinc mine in Liaoning province, a molybdenum- tungsten mine in Jiangxi province, and a gold mine in Sichuan province. In late 2007, Creat finalised a convertible loan agreement for Stg 4.3M pounds with Zeehan Zinc Ltd, operator of the zinc, lead and silver mine of the same name in Western Tasmania. The mine is currently on care and maintenance while the ore reserves position is reassessed. Creat now holds 70% of Zeehan, the name of which has been changed to Creat Resources Holdings Ltd (CRHL). CRHL is now intent on developing an international portfolio of mining assets, commencing with the holding in Galaxy.

I have always believed we will be used to take GXY over or like they have done with other company's take a controlling stake. I have always found it strange that are two directors from the Creat Group stepped down from CRHL. I'm sure it wouldn't'' look good if they stayed and tried to mount a takeover or controlling stake in GXY while here and on the GXY board lol

GXY really starting to ramp up production now up to 55% design capacity 386 tonnes in 15 days at $6800 per tonne, so monthly production for April will be around 772 tonnes = $5.5 million in revenue ;-) and still ramping up as i type lol

This leaves $1.6 million in the bank along with GXY investment currently worth $8.5 million.

http://www.investegate.co.uk/creat-resources-hld--crhl-/rns/partial-retirement-of-debt/201304171558056098C/

0.55 Buy 0.50 Sell spread not what it seems, ATB

GXY production improving month on month, CRHLS investment looking like a cracker now.quarter update for GXY due in couple of weeks :-)

I'd say they are taking their time because they are matching production to meet their increasing customer supply requirements. Lets do the numbers.... Li2CO3 sells for about $6,600/t. The plant produces 17kt pa Lets assume costs, excluding spodumene feed, are $1,600. This leaves $5,000/t profit while the plant feeds on the stockpile. With the plant is running at 100% capacity... 17000 x $5000 = $85m pa profit With the plant running at 55% capacity (now)... $85m x 55/100 = $47m pa profit Assuming they still have about half the stated spodumene stockpile remaining, then they can keep the plant running at the current rate of production for 12mths, or 6mths when the plant ramps up to full production. So they are not desperate for money based on those estimates due to production, sales and the spodumene stockpile. We can also expect the Korean Consortium to announce commencement of the Sal de Vida development and the lenders to agree to refinance existing and new loans.