Chatham Rock Phosphate - CRP

[Roberto]

Not sure I understand what your trying to say Moose.

Why should the Greens be "quaking ".. they should be all in supporting CRP,

ie is a far better phosphate, with out the toxic stuff, there are no huge carbon costs in transporting from Morroco,

It will earn us export dollars, create employment, and help our trade balance..


cheers

While that's all true, I think we'd be very lucky indeed if no objections are raised by the greens during the consultation process.

[MAC]

I agree with you Roberto, the likes of KASM will protest just because they have to justify their ‘rebel with a cause’ image to all their mates, and it’s election year so the Greens will do what they do.

As I see it though the land based environmental benefits seem to balance the sea bed effects, probably making the venture net environmentally positive for New Zealand inc.

IMO New Zealand may as well declare itself closed for business if this one doesn’t get approved and we can all go back to living in caves knowing the environment is perfect.

http://static.squarespace.com/static...14%20final.pdf

[hilskin]

Video from business TV ? posted on the website 14/05/2014

http://www.b-tv.com/features/watch-now.html?id=593

Looks like Chatham Rise is just the beginning.

[sommelier]

Cheers for the vid hilskin. Getting out there finally. Hopefully we will see more of this as they run up to the LSE. Is anyone going to their meeting?

[BlackPeter]

Here we go ... another milestone ticked. Admittedly not the hardest one, but it is still an indication they did a thorough job. Publication of their application is now pending.

[sommelier]

Phosphate prices reportedly continue to drop.

http://www.stuff.co.nz/business/farm...reduces-prices

[blackcap]

Its this kind of nonsense that really puts me off companies like CRP:

REL: 1403 HRS Chatham Rock Phosphate Limited

GENERAL: CRP: Edison Report says CRP share price at big discount

Media Release

Latest Edison report says CRP share price at big discount to unrisked
valuation

30 May 2014

Edison Investment Research's latest report says Chatham Rock Phosphate's
shares are trading at a significant discount to its unrisked valuation of
$1.76 a share.
The research note says CRP has delivered on its milestones and awaits the set
six month timeframe for marine consent in the final quarter of 2014 and the
finalisation of its seabed mining contract in the first half of 2015. The
marine consent is the last major consent the company needs.
"The high margin, low impurity, long-life, wholly owned Chatham Rock
Phosphate project does not require any development capital under the build,
own and operate mining project model."
The $1.76 unrisked valuation reflects the dilution of the company's capital
from its 1-10 rights issue and takes account of planned capital raising
associated with the London AIM listing.
The report notes CRP's preferred partner to build and operate its mining
dredge is Royal Boskalis but that there are four other dredging specialists
showing interest, which reduces the risk to CRP's production plans if
Boskalis elected not to proceed.
"With increased global exploration activity directed to marine deposits,
there is a strong appetite from global dredging companies to be involved in
the embryonic seabed mining industry. To reflect expected international
interest in the project, CRP is planning an AIM listing."
For further information please contact Chris Castle on 021 55 81 85 or
chris@crpl.co.nz
End CA:00251072 For:CRP Type:GENERAL Time:2014-05-30 14:03:50



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[Food4Thought]

Not a very good ethical investment in my opinion. This would significantly destroy an area on the ocean floor. The largest area of importance for the whole food chain. I like the concept, but don't like the consequence.

[MAC]

Well done to you Chris Castle to get an NZ startup to where it is, a fair and sound report too from Edison as always also.

With a successful AIM capital round and a marine consent there will be little to hold this one back.

http://www.edisoninvestmentresearch....ock-phosphate5

[blackcap]

[QUOTE=MAC;483746], a fair and sound report too from Edison as always also.



http://www.edisoninvestmentresearch....ock-phosphate5[/QUOTE

Sorry Mac, but what do you base that on? (the fair and sound bit that is)