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Can you tell me what the shareholding CRHL has in Galaxy ...is it 19% also do you know what Galaxy's market cap is now...I see it gained over 4% yesterday
Spot on ...I have just checked I actualy bought £3300 of RKH and £3147 of CRHL...thank for that...very impressed!
I topped up with £3300 worth of shares on Monday but nothing showing.
These prices wont last for long the resource update RNS is due any time now...markets look more positive too. GLA
thanks for this....so to cut the chase if they are able to prove 4m tonnes iron ore min then we should be looking at a NAV of min $400m or £250m + present market cap (which seems grossly undervalued) which should see the share price at around 35p + (Plenty of upside potential with Galaxy and other parts of the CRHL project) hmmmm....looking realy exciting.....of course we won't see 35p with the current market conditions but I certainly wouldn't be selling cheap....there will be more news to follow and I would expect this to gather steam as it proves itself up and draws attention to a wider audience. Not much stock available ....definately one for the long haul as so much development to come. RNS should be out by end next week latest.... according to their own estimates, This is a great stock to be in right now....GLA
In same boat...would love to top up when more funds available towards end next week....results imminent though. Do we have any clues as to what to expect re resource expectations?
From Crouton on ii 4million tonnes resource. Market prices for commodity - $175 per tonne CAPEX; $25million Ongoing production costs - $70 per tonne [ I do think we will be nearer $60 per tonnne. But going for lower end for this calculation ] NPV = £146million Price per share = 21p 6million tonnes resource. Discount Rate; 8% Market prices for commodity - $175 per tonne CAPEX; $25million Ongoing production costs - $60 per tonne NPV = c.£250million Price per share = 37p 6million tonnes resource. Discount Rate; 8% Market prices for commodity - $200 per tonne CAPEX; $25million Ongoing production costs - $60 per tonne NPV = c.£314million Price per share = c.47p 8million tonnes resource. Discount Rate; 8% Market prices for commodity - $175 per tonne CAPEX; $25million Ongoing production costs - $60 per tonne NPV = c.£340million Price per share = 50p 8million tonnes resource. Discount Rate; 8% Market prices for commodity - $200 per tonne CAPEX; $25million Ongoing production costs - $60 per tonne NPV = c.£421million Price per share = c.63p These are some of the calculations. The price per share is the eventual ball park price this resource may be worth in terms of the SP, with that price achieveable once in production [ we could get more in a very bouyant market ]. Tenth Legion could be in production some time next year if Creat group so wish ( it is Creat group who clearly decide, rather than CRHL i.e. CRHL chairman is founder of Creat group - Ms Chen been brought in from Creat Group to manage risk and over of finance etc ). --------------------------------------------------------------------------------
That's all that is needed here ....this share had momentum before the Jap disaster and has retreated from 8p since...I expect it to reach 3p but equally feel sure it will hit 25p + by sometime next year. Forget about the present undervaluation. Time will reap huge rewards on this...great things ahead of us
Holding out for the duration...no surprises if this fell to around 3p in the very short term....it's where it will be in 6months to a year and beyond that interests me, ....a better hold of the company's low end valuation is about to come to us...for sure within the next two months....resource analysis should take us above 8p with continuous upside to come 25p plus by 2012
My guess now is a takeover of Galaxy from newly formed J Rothschild Creat Partners. Not sure of the intricacies of a reverse takeover re regulations etc but with all this news breaking of this fund and what they are looking to do...it does make sense. It is slightly confusing that there is The Creat Group, Creat Resources and now J Rothschild Creat Partners. Basically Creat Group has bank rolled CRHL (Creat Resources) up to this point but has now been joined by Rothschild and outside investment....it makes sense that their first move would be to buy a larger stake in Galaxy ...this in turn will increase CRHL's share price. It's all happening thick and fast...SEHK any mo too!
The share price has moved up...this was a very good RNS but it needs further substanciating...my guess is that they had to get this out as there is some bigger news to follow from Galaxy by tommorrow and this will help the cause...it could move up more if indeed this news is good...then expect it to steadily rise as the resources from Tenth Legion are further proved....this stock is just out of the starting stalls...give it time and be more patient...it will get there. There is so much going on here and all building blocks for what could be a massive entity in a relatively short period of time...lots to look forward to over the next two years.
I topped up yesterday with 7.5k, 2.7k and 3.45k buys but not showing anywhere....why is this???
To a Galaxy SEHKdual listing announcement....followed by results of Tenth Legion drills...within days. We're about to take off...fasten your belts guys and dolls....GLA
At its General Meeting on 22 December 2010, Galaxy shareholders overwhelmingly approved the issue of up to 197,000,000 fully paid ordinary shares in connection with the Company's proposed listing on the SEHK. The shares were to be issued within three months of the General Meeting (by 22 March 2011). At the request of the Company, the ASX has granted a waiver from requirements of ASX Listing Rule 14.7 to permit the Company to issue the shares later than originally stipulated on the following conditions: - That the shares are issued by no later than 22 April 2011; and - That the terms of the waiver are released to the market."
Lord Jacob Rothschild’s RIT Capital Partners is seeding a new global private equity venture for Chinese investors. The £2 billion investment trust is seeking to pull in $750 million (around £467.9 million) for the venture, which is thought to be the first of its kind allowing onshore money to be invested overseas via a foreign private equity vehicle. Investors will primarily come from the newly-formed China International Chamber of Commerce for the Private Sector, which is tasked with enabling and organising overseas investment by mainland Chinese private enterprises. A joint venture to manage the fund has been set up between RIT Capital Partners, Creat Group and Quercus Ventures. Together, the firms will use the fund to take significant unleveraged minority stakes in international companies, excluding those based in Japan.
Can these really hit 50p within the next 3 months?
With the recent Global turmoil CRHL and Galaxy were right to take the prudent course and delay the listing...it will not change fundamentals in anyway. The only thing it will possibly affect is the short term players....we have just had a dream RNS on production rates and we are more than likely going to get a very positive RNS over the coming weeks regarding the Tenth Legion. Providing Global sentiment starts to turn, which it is beginning to we will see the share price rising again....we should now start to enjoy some very good months ahead. Present prices only provide a great buying opportunity GLA
You were right!...more good RNS's on the horizon ...this will start to motor again soon for sure now
Creat Resources Holdings Limited ("CRHL") (AIM: CRHL) announces that the following stock market updates have been made by ASX-listed Galaxy Resources Limited ("Galaxy"), in which CRHL has a major shareholding. On 22 March 2011 Galaxy (ASX: GXY, "Galaxy") announced that it has extended the life of its Mt Cattlin mine after lifting the total contained lithium oxide resource by 14%: "Galaxy Resources Limited (ASX: GXY, "Galaxy") is pleased to announce it has lifted the total contained lithium oxide (Li2O) resource at its wholly-owned Mt Cattlin mine by 14% to 197,000 tonnes from its last resource estimate, issued January 2010. Recent drilling, modelling and evaluation have boosted both resources and reserves at Galaxy's Mt Cattlin lithium focussed project, which is near Ravensthorpe in Western Australia. Total resource tonnes at Mt Cattlin increased by 14.6%, or 2.31 million tonnes from the previous estimate, while the measured and indicated mineral resource was up 12%, or 1.50 million tonnes, to 13.8 million tonnes. Galaxy Resources Managing Director, Iggy Tan, said the resource increase at Mt Cattlin extends the potential mine life of the spodumene project to 18 years, including inferred resources. Resource Estimate Upgrade The geological model was prepared by Galaxy Resources and the estimation was prepared by consultants Hellman and Schofield Pty Ltd (H&S). This new estimate of contained mineral resources for the Mt Cattlin deposit is 197,000 tonnes of lithium oxide (Li2O) and 6.26 million pounds of tantalum pentoxide (Ta2O5) above a cut off grade of 0.4% lithium oxide, reported below in accordance with the JORC Code and Guidelines. The new estimate has increased the total tonnes for all resources by 2.31 million tonnes, while tonnes in the measured and indicated resource categories have increased by 1.50 million tonnes, or 12% compared to 2010. The classification of the Mt Cattlin mineral resource is shown below in Table 1 and a summary of the estimation methodology is included at the end of this announcement. Details of the previous resource estimate completed in January 2010 are included in Table 2 for comparison. Table 1 - Current (February 2011 Mt Cattlin Global Resource Estimate) Resource Tonnes Li2O % Ta2O5 ppm Measured 3,193,000 1.17 149 Indicated 10,613,000 1.06 168 Inferred 4,382,000 1.07 132 TOTAL 18,188,000 1.08 156 Note: Li2O cutoff grade >= 0.4% Li2O. Figures in the above table may not sum due to rounding Table 2 - Previous (January 2010 Mt Cattlin Global Resource Estimate) Resource Tonnes Li2O % Ta2O5 ppm Measured
2010 was a complete disaster for this company with the de merge with Cano...it would be good if the directors let us know exactly what the outcome was of that fiasco...why did the merger fall apart and what were the consequences?...it's not great that ROX cant give us that...maybe they don't think we care that the share price fell by 60% on the back of it...moving on and more importantly it seems that the future success of this stock is in the hands of the price of oil...all things point towards prices being higher than $80 so the stock should be able to manoevre at some point