Member Info for sniffer78

http://www.proactiveinvestors.co.uk/companies/news/50961/ipsa-plans-to-extend-generation-capacity-50961.html

IPSA after-tax losses fall as revenues rise http://www.stockmarketwire.com/article/4494106/IPSA-after-tax-losses-fall-as-revenues-rise.html

http://markets.ft.com/research/Markets/Tearsheets/Business-profile?s=IRIS:KLS IRIS Corporation Berhad (IRIS) is engaged in technology consulting and the implementation of digital identity and business solutions. IRIS has set up the manufacturing facilities for contact and contactless smart cards, contactless document inserts and assembled module in tapes and reels. It has also developed electronic passport, national multi-application smart card with the implementation of the Malaysian electronic passport and Autopot system. Its segments include Digital Identity & Business Solutions, and other which includes Food security and Environmental solutions. In March 2012, it acquired REGAL ENERGY LIMITED. In July 2012, Iris Eco Power Sdn.Bhd. acquired 51% interest in Oil Field Services Ltd. In September 2012, it incorporated DIGITAL IDENTITY SOLUTIONS LIMITED. On September 6, 2012, it acquired IRIS ECOPOWER(S) PTE. LTD. In October 2012, the Company acquired 51% interest in Stamford College (PJ) Sdn., as well as 51% interest in Stamford College (Malacca) Sdn. Bhd.

http://www.proactiveinvestors.co.uk/companies/news/50486/ipsa-turbine-sale-to-complete-this-month-50486.html

Group turnover has increased significantly to £4.4 million (2011 £0.8 million) as the operating results reflect 12 months of electricity sales and 9 months of steam sales from the Group's plant in South Africa, as compared to just a few weeks of sales reported in the period ended 31 March 2011. Although the combined revenue of £4.4 million from electricity and steam sales was not sufficient to record an operating profit after depreciation, it does nonetheless represent a major improvement as, excluding depreciation, the plant recorded a gross profit of £730,000 (2011: gross loss £630,000) and an operating loss, excluding depreciation, of just £60,000 (2011: £970,000 loss). The profit for the year also includes a profit of £6.1m arising from the sale of the two turbines and, as a result of this sale, I am pleased to report a major reduction in debt and trade creditors. Debt, comprising loans and bank borrowings, at 31 March 2012 amounted to £7.3 million as compared to £19 million at 31 March 2011. Trade creditors have fallen from £21 million to a little under £8 million. As previously reported the Company originally acquired the four turbines for a proposed project in South Africa and when it became clear that the project would be delayed, the Board decided that it would be in the best interests of shareholders to sell the turbines to a third party rather than sell them to a Group owned project company

Strange they have decided to sell Taz assets after all the drilling work over last 2 1/2 years. CRHL have something lined up IMO but will it be before they sell assets or after. Nice stake in Galaxy resources which will be worth 50 mill plus by end of Q1 IMO. The Creat group are a massive investment group and CRHLs next investment could be very intresting. With the right investment or reverse take over this could be a cracker in the months to come.

Seemed focused which is good, only 1 mill in total will be sold. Looking forward to Q1 and new investment :-)

Towards the end of the financial year, your Board of Directors reconsidered the way forward for our exploration activities. By now, you would note that the Board has recommended for your approval the disposal of all the tenements we hold at Zeehan, Tasmania, Australia. By such move, I trust that it allows your Company to start afresh. Myself, and the rest of the Board, have long begun our search for new and even better opportunities to enhance the return on your investment.

Want

Yep standing by us till Dec 2013, CRHL have something in the pipe line IMO. I Would not be surprised to see takeover/investment announced in coming months after GM. CRHL will wont the SP back up, Galaxy SP will start to move back to new highs in Q1 2013 as they start bringing lots of revenue in.

Based on the Company's forecasted cash flows through to 31 December 2013, further funding of $400,000 is required, of which there is a further $150,000 available in a facility with the Company's parent entity, Creat Group. As disclosed in note 33, the Company has entered into an agreement to dispose of all the existing mining assets currently held in Tasmania, together with all associated plant and equipment, for a total consideration of AUD $4million in cash. The following plan is in place by Management to support the going concern basis of the Company and the consolidated entity. On 31 October 2012 the Company received an undertaking from Creat Group in that, for the purposes of assisting the company in achieving its working capital forecast to 31 December 2013: · Creat Group will continue to provide further funding to CRHL as required with interest rates to be charged based on market interest rates; and · Creat Group will not call for or cause repayment of any loans or convertible notes, including the payment of accrued interest on such loans or convertible notes, held by Creat Group at 30 June 2012 or entered into/acquired by Creat Group subsequent to that date, and interest that will be due and payable on such loans or convertible notes through to 31 December 2013. At the date of this report and having considered the above factors, the directors are confident that the Company and the consolidated entity will be able to continue as going concerns.crhl

In trading halt CR, i feel someone wants that stock on it arxx for a take over, could we be in the mix in the months to come.

Im thinking they are up to something as well, i think there is a chance it could be something in regards to Galaxy Res they have been very flat for sometime, well until results in next few days.

With the changing weather all year around just makes it a bugger to mine there. Im sure ANGM would be happy if all the Ice melted lol

The REE'S could imo bring people like Molycorp lynas corp knocking, 600 milion tonnes of rutile and for every 64,000 tonnes produced 33,000 tonnes is produced if i recall wow

Never mind the grades, what a about your REE'S lol bonkers ;-)

Strange SRX are not on it, the russians are coming for you. Name change coming as well imo, i think something is defo brewing in the back ground.

Page 8 http://freepdfhosting.com/f3280d40ea.pdf

Will pop first PFP or IPSA hmmm

Im good mate cheers for info, if court case goes against not good business for future UK investment, as UK are 4 biggest investment in 2010/2011. Mind you money talks bunger bunger and all that so who knows mate