From 1 year ago his holding (Easy to find holdings). Can you...

From 1 year ago his holding (Easy to find holdings).
Can you give a sound reason why he would not invest in CR1??
Upside is clear for this stock, nestled in among Creasys other stocks, just putting eggs in another basket.

I will let our fine Detectives do the rest of evidence collecting. (Note Croesus NL was delisted but was 'reborn' article below)

Bolics: You seem too dismissive to waste time on.

APC	Australian Potash	8.52%	$2.0M
AZS	Azure Minerals	4.50%	$352.1K
CZR	Coziron Resources	53.34%	$6.0M
EME	Energy Metals	0.24%	$54.1K
GAL	Galileo Mining	31.05%	$37.4M
HLX	Helix Resources	6.36%	$418.3K
IGO	Independence Group	23.36%	$160.4M
JRL	Jindalee Resources	2.86%	$246.5K
LEG	Legend Mining	26.8%	$8.5M
MEU	Marmota	2.38%	$209.5K
MOY	Millennium Minerals	0.28%	$216.1K
MYL	Myanmar Metals	9.82%	$7.0M
OZG	Ozgrowth	13.76%	$550.4K
PGM	Platina Resources	2.65%	$212.0K
RHI	Red Hill Iron	4.03%	$309.8K
S2R	S2 Resources	19.15%	$3.7M
SMC	Strategic Minerals Corp	0.49%	$132.8K
TAM	Tanami Gold	0.70%	$284.7K
TLG	Talga Resources	2.27%	$1.5M
ZNC	Zenith Minerals	1.53%	$179.2K

''WA Business and MiningCreasy-backed Croesus poised to rise from ashes8th May 2008, 7:00 WST
Croesus Mining, one of Australia’s biggest gold producers until its collapse two years ago, is poised for a long-awaited return to the sharemarket as a precious metals explorer.Shares in the restructured company, which has retained its name, are expected to resume trading on the Australian Securities Exchange tomorrow.Croesus’ main backer is millionaire Perth prospector Mark Creasy, who holds a 45 per cent stake.Although the company’s flagship asset, the Central Norseman gold mine, was sold last year to Londonlisted Norseman Gold to help repay creditors, Croesus still holds a 20 per cent interest over a handful of tenements 20km north-east of the Norseman township. The Polar Bear tenements cover 100sqkm and are prospective for gold, nickel and platinum.It has been a long road to rebirth for Croesus. Once Australia’s fourth-biggest producer with output of more than 300,000 ounces a year, it fell into trouble in early 2006 because of production woes and weak gold prices.In addition to the Central Norseman operations, Croesus had mines at Davyhurst, now owned by Michael Kiernan’s Monarch Gold Mining, and at Binduli. Binduli was closed in 2004 and Davyhurt sold in late 2005.Croesus lost its battle for solvency after the breakdown of a proposed restructuring plan by then-chairman Mr Kiernan in mid-2006, which saw administrators called in and shareholders left in limbo. Croesus’ debts stood at $70 million.The recapitalisation of the company, which shareholders approved late last year, will see long-standing backer Mr Creasy own about 203 million of its 443 million shares. The value of Mr Creasy’s stake will be set on Friday when Croesus’ scrip starts trading.Former Croesus chairman Ron Manners has maintained a minority stake but did not take part in the recapitalisation. Croesus’ original shareholders will end up with between 8 and 12 per cent of the restructured company’s equity.At the helm of the resurrected Croesus are prominent West Perth corporate players Gary and David Steinepreis as well as Patrick Burke and Stephen Low.Gary Steinepreis said Croesus’ relisting was a “great result” for its long-suffering shareholders.He said the company, which raised about $3 million last month through share placements priced at between 0.25 ¢ and 1 ¢, would be looking to expand its tenement portfolio and bring some new blood on to the board.''

WA Business and Mining

Creasy-backed Croesus poised to rise from ashes

8th May 2008, 7:00 WST

Croesus Mining, one of Australia’s biggest gold producers until its collapse two years ago, is poised for a long-awaited return to the sharemarket as a precious metals explorer.

Shares in the restructured company, which has retained its name, are expected to resume trading on the Australian Securities Exchange tomorrow.

Croesus’ main backer is millionaire Perth prospector Mark Creasy, who holds a 45 per cent stake.

Although the company’s flagship asset, the Central Norseman gold mine, was sold last year to Londonlisted Norseman Gold to help repay creditors, Croesus still holds a 20 per cent interest over a handful of tenements 20km north-east of the Norseman township. The Polar Bear tenements cover 100sqkm and are prospective for gold, nickel and platinum.

It has been a long road to rebirth for Croesus. Once Australia’s fourth-biggest producer with output of more than 300,000 ounces a year, it fell into trouble in early 2006 because of production woes and weak gold prices.

In addition to the Central Norseman operations, Croesus had mines at Davyhurst, now owned by Michael Kiernan’s Monarch Gold Mining, and at Binduli. Binduli was closed in 2004 and Davyhurt sold in late 2005.

Croesus lost its battle for solvency after the breakdown of a proposed restructuring plan by then-chairman Mr Kiernan in mid-2006, which saw administrators called in and shareholders left in limbo. Croesus’ debts stood at $70 million.

The recapitalisation of the company, which shareholders approved late last year, will see long-standing backer Mr Creasy own about 203 million of its 443 million shares. The value of Mr Creasy’s stake will be set on Friday when Croesus’ scrip starts trading.

Former Croesus chairman Ron Manners has maintained a minority stake but did not take part in the recapitalisation. Croesus’ original shareholders will end up with between 8 and 12 per cent of the restructured company’s equity.

At the helm of the resurrected Croesus are prominent West Perth corporate players Gary and David Steinepreis as well as Patrick Burke and Stephen Low.

Gary Steinepreis said Croesus’ relisting was a “great result” for its long-suffering shareholders.

He said the company, which raised about $3 million last month through share placements priced at between 0.25 ¢ and 1 ¢, would be looking to expand its tenement portfolio and bring some new blood on to the board.