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FOD - The Food Revolution Group

Discussion in 'Stocks 0-H' started by springhill, Jul 19, 2012.

  1. springhill

    springhill Make the drill work for YOU

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    Crest Minerals embarks on maiden drill program


    Crest Minerals announced it had commenced its maiden drilling program at its flagship tenement in Western Australia’s prolific Eastern Goldfields near Kalgoorlie

    The Company is undertaking an Aircore Drilling (AC) program of up to 10,000 metres to test gold/copper zones at its Majestic North prospect.

    Crest’s drill schedule is targeting the northern extensions of a gold and copper mineralisation trend, drilled less than three kilometres away by Integra Mining Ltd (ASX: IGR) at its Majestic project and new Imperial discovery.

    Crest said the drill program is designed to expand on previous exploration on the tenement which showed evidence of gold and copper mineralisation, including:
     Existing gold drill intersections in the supergene zone of similar magnitude to neighbouring discoveries.
     Coincident copper and gold anomaly in near surface soils.
     Evidence of granite in existing drilling, which are the same host rocks types as neighbouring Majestic/Imperial.

    Crest Minerals Managing Director, Mr Angus Middleton, said: “Our neighbour, Integra Mining (ASX: AGR), is achieving spectacular results from the Imperial discovery in the Randall’s Gold Project, which also hosts its Majestic discovery.
    “Our mission is to improve upon their success, while also reinforcing our view that Crest has created valuable opportunity for its shareholders by recognising and holding the rights to the tenure over the greater northward extent of an existing mineralised trend.”

    Crest CEO, Mr Stephen Jones, is managing the aircore drilling program, which is designed to extend the 500 metre by 250 metre existing supergene gold anomaly with 40 metre spaced drill-holes.
    The program will also drill test the eastern side of the southern tenements with 80 metre east-west centred exploration holes on five drill lines over a two kilometre north-south extent.

    Crest expects to announce results from its (AC) drill program at Majestic North in August, and then immediately commence Reverse Circulation (RC) drilling targeting mineralisation at greater depth.

    “We are excited about the large-scale potential of Crests tenements in the area,” Mr Middleton said.

    “The greater Majestic area is interpreted to be part of a large intrusive-related or porphyry-style high-grade gold/copper mineralised system of a style previously unknown in the Eastern Goldfields.”
    Crest Minerals commenced trading on the ASX on 29 June 2012 with only 21,649,997 quoted shares, following a successful $3.5 million Initial Public Offering.

    Current SP - 17c.
     
  2. burglar

    burglar Well-Known Member

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    Re: CTT - Crest Minerals

    Wow!
     

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  3. So_Cynical

    So_Cynical The Contrarian Averager

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    Re: CTT - Crest Minerals

    CTT yet another reverse take over stock however this time it's just a juice and extraction processing and packaging company, in a way this de risks the whole process in that this company 'LangTech International' already has a business and cash flow.

    New name will be 'The Food Revolution Group' looking for sales in China etc, MC of only 3.6 M at the moment and revenues of 17M, cap raising ongoing and to come, CTT with mining assets to sell.

    http://www.asx.com.au/asxpdf/20150728/pdf/43026mhsghbx13.pdf
     
  4. So_Cynical

    So_Cynical The Contrarian Averager

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    Re: CTT - Crest Minerals

    Bought a few the other day @ 0.017 ~ worth a small punt considering the potential to sell into the Chinese market.
     
  5. System

    System Administrator

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    On February 18th, 2016, Crest Minerals Limited (CTT) changed its name and ASX code to The Food Revolution Group Limited (FOD).
     
  6. Telamelo

    Telamelo Well-Known Member

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    04/04/16 Health drink maker The Food Revolution Group (FOD) is predicting revenue to almost double thanks to a series of deals with major supermarkets and cafes.

    The food and beverage maker will increase its range of juices sold at Woolworths and Coles from this month and has also signed distribution deals to sell its products at more than 2,000 outlets such as independent supermarkets, convenience stores and cafes.

    The deals should generate more than $15 million in annual sales on top of the $17 million it recorded in FY15, and there could be even more to come as chief executive Bill Nikolovski looks to China for further growth.

    Australia makes up 95 per cent of the Melbourne-based company's revenue, with China and Thailand its other two markets.

    Companies including Blackmores, A2 Milk and Bellamy's are thriving thanks to Chinese demand for imported products seen as safe and healthy, and China is expected to eventually make up 50 per cent of Food Revolution's revenue.

    "We are looking at the premium end of the market in China and if we can tap into that market, it is easily bigger than the Australian market," Mr Nikolovski said.

    He said the company also plans to expand into South Korea, which also has a strong demand for healthy products that customers are willing to pay high prices for.

    "Globally, there is a trend for better-for-you products, which means more natural, more functional and less processed products," Mr Nikolovski said.

    "We are looking at leveraging our products and being disruptive."

    Food Revolution was formerly LangTech, a developer of nutrient extraction technology for more than 20 years. It only launched on the Australian share market in February following a reverse takeover of gold miner Crest Minerals.

    Mr Nikolovski said the company took over the Heinz bottling factory at Mill Park about two years ago and then merged with marketing and development company Thirsty Brothers to commercialise their products and technologies.

    "We have all these technologies and products and realised the opportunity to commercialise them," he said.
    He said the company's achievements included a sugarcane extract that has a low glycemic index, which it sold, and an extraction process that cranberry juice maker Ocean Spray uses.

    The company's core products are its Juice Lab and Mixologist juice brands, and fruit-infused water Badu. But it also sells fibre and plans to expand into baby food.

    Food Revolution issued 120 million shares at 10 cents a share with an implied market capitalisation of $29.4 million in February.

    Its shares rose as much as 14.8 per cent in early trade on Monday before closing up half a cent, or 1.85 per cent, at 27.5 cents.

    --courtesy of thebull.com.au

    The Food Revolution Group juice supply deal a little bottler
    April 4, 2016 10:00pm
    Claire Heaney, Herald Sun

    HEALTHY juice maker The Food Revolution Group has inked deals with major supermarkets for an expanded range of products, creating 20 more jobs at its Mill Park factory.

    The juices, using world leading, locally-developed extraction technology, will hit the shelves this month.
    The company will launch 21 products under the Juice Lab and Badu labels in Coles.

    Woolworths will continue to stock its Juice Lab chilled pressed fruit, vegetable and non-milk smoothies range, and also take up the new carbonated Mixologist product.

    An existing product, the high fibre dietary supplement drink Hi-Fi, is presently stocked at Coles.

    New distribution deals with independent outlets, cafes and convenience stores will see the Food Revolution range sold at more than 2000 retail outlets, including BP service stations and Melbourne Airport.

    Listed on the Australian Securities Exchange in February, the company expects the contracts will generate more than $15 million a year in Australia alone. It is also pushing into the lucrative Asian market, with distribution deals in China.

    Managing director Bill Nikolovski said the 21 new products added to the four existing Juice Lab and Hi-Fi offerings.
    “These deals will see Food Revolution products distributed through grocery, convenience store and route trade channels across Australia, and we expect having our products available across such a large number of outlets will drive strong sales,” he said.

    Mr Nikolovski said the juices provided a cheaper alternative to high-priced juice bars.
    Food Revolution has operations in New Zealand and processes at the former Golden Circle plant in Mill Park.
    Formerly known as LangTech International, it was listed through a reverse takeover of mining shell Crest Minerals last year and renamed.

    Its extraction technology, developed by LangTech founder Tim Lang in partnership with the CSIRO, has been used internationally. Mr Nikolovski said the group would expand its workforce to about 80 and weekly shifts from nine to 15.

    ------------------------------------------------
    please DYOR as always

    Cheers tela
     
  7. So_Cynical

    So_Cynical The Contrarian Averager

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    Re: CTT - Crest Minerals

    Sold out in late may @ 0.205 ~ took it off the watchlist and just now looked for the first time since may.

    Timing on the buy was near perfect, sold as soon as i realized the new products were a dud, saw them on the shelf in woolies and sold out soon after...lucky i did.
    ~
     

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