International Resource Holdings Limited IRH

[paul29]

International Resource Holdings Ltd (ASX:IRH) has entered a conditional heads of agreement to acquire Clean Global Energy Pty Ltd (CGE) for the issue of up to 300m IRH shares.

CGE is a private company with a vision of becoming a significant provider of low-cost energy through converting vast sub-economic coal deposits into a cheap, useful energy in the form of Syngas.

In exploiting coal deposits that are traditionally uneconomical to mine, CGE will use its proven in-situ extraction method, Underground Coal Gasification (UCG), to turn these resources into a Syngas that is suitable for feedstock for power generation, the production of chemicals and fertilisers, and for use in Gas to Liquids technology that produces petrochemical products.

UCG is a process whereby coal is converted to gas in-situ and brought to the surface for further use.

The UCG technology to be used by CGE has been developed over the last 20 years by technical director Dr Michael Green and proven most recently in a successful European UCG trial conducted in Spain between 1992 and 1999.

Dr Green has continued to develop the process used in the trial.

CGE has four coal leases including EPC 1506, 1508 & 1539 located in the Clarence-Moreton Coal Basin in southeast Queensland and EPC 1507 in the Biloela Coal Basin in central Queensland.

It has applied for three additional coal leases including EPCA 1592 in the Bowen Basin, EPCA 1612 in the Clarence-Moreton Basin and EPCA 1637 in the Galilee Basin.

If these additional leases are granted, the seven leases will cover an area of about 1895 sq km.

www.internationalresourceholdings.com

[paul29]

share price jump up to 12 cents on the day that it had entered a conditional heads of agreement to acquire Clean Global Energy Pty Ltd (CGE) for the issue of up to 300m IRH shares

share price now 3.1 cents buyers sellers 4.1 cents

[paul29]

share price now 6 cents buyers for 6 cents

announcement out on Clean Global Energy Pty Ltd update and completion of convertible note raising

[STRAT]

Hi Paul,
Did you manage to profit from that spike?

[paul29]

Hi strat,
yes i did manage to profit from that spike got 6 cents bought in at 3 cents i think i should of keep them for long term as i think the share price could go higher be interesting to see what happens with this company in the next few weeks

its now been suspended from offical quotation until the company has complied with chapters 1 and 2 of the listing rules

[drillfix]

Good stuff paul,

Though, was expecting some Ann after the Co came back from suspension from offical quotation, though nothing except a drop in SP??

When there is an Ann, will it will only say the acquisition of CGE is done?

Just a thought, reading through the Quarterly, raising at 1.2 cents? That makes easy profits for Sophisticated Investors but will they hold or dump and if so when?

[paul29]

International Resource Holdings Ltd (ASX:IRH) share price back to 5 cents

Announcement out soon on Clean Global Energy Pty Ltd ?

[drillfix]

International Resource Holdings Ltd (ASX:IRH) share price back to 5 cents

Announcement out soon on Clean Global Energy Pty Ltd ?


Hey there Paul, Annoucement now out re: Clean Global, yet seems to have gone totally unoticed by the market, and everybody in it...lol

http://stocknessmonster.com/news-item?S=IRH&E=ASX&N=449869

They seem to have some good tennements but then I will leave comments like that to the CSG experts here.

Anybody else here have any thoughts on this stock?

[drillfix]

I guess nobody is just into this stock.

Yet any opinions comparing this to say CXY, or the recent spike of EXE

There seem to be a few speccies here and there but why would a 2c company like EXE suddenly hit 20c when its a similar type of stock?

Anybody out there even remotely interested?

[paul29]

some good announcements out on Clean Global Energy Pty Ltd

share price now 6.8c

GPP: Heads of Agreement over Victorian Coal Leases

IRH IRH: CGE GPP Heads of Agreement over Victorian Coal Leases

IRH CGE MOU for Commercial UCG Project in China

[drillfix]

Yup, plenty of good news there Paul, although market seems a bit reserved.

I feel once this reverse aquasition is complete and the name change is fully inplace we will be looking at a totally new company, image, percetion to the market.

Would somebody out there or is there anyway to draw up a comparison table to compare such stocks, as in, IRH, EXE, LOD, LBY, CNX, ICN, BUL or the sector in general???

Not much volume these days with IRH, and there doesnt appear to be much talk or noise regarding the stock.

[drillfix]

IRH have gone into suspension after the recent meeting.

Does anyone know how long it actually takes to complete ASX compliance of chapter 11 and also complies with Chapter rules 1 & 2 ???

I know they will be a changing name to Clean Global Energy and consolidation outlined in the timetable but there is nothing mentioned about the above in time table and I am uncertain of what is happening.

I would have though according to the time table that the suspension would have happened on the consolidation date.

Anybody in tune with all this and this company?

Colin, how about you mate?