Castaway, tfl very good advice for you mate u obviously think this is a dead duck so why not sell before it drops even more? After all you got in here acidentally and you said you have made loads off here in the past! So think about it you wouldnt really be at a loss snd you would feel a whole lot better also me thinks :) gl to you and all :)
....in other words you were fobbed off with their usual narrative of ^still looking for an investment* blah blah blah....and they still continue to milk ldp month in month out. As for the website...well, what a joke...how long does it take to get a web site sorted...a year ??...absolute joke of a company this one...
I didn't discuss specifically whether they intend to RTO or invest, I got the impression they are looking for a mine to buy. If you look at PGMM presentation they where part of a consortium of investors who bought a mine, developed it until production and sold it at a very good profit. PGMM/Patel are connected by Presidio Capital from the Carmen copper project. And no I didn't get the impression the company was finished atall!
A new Grade A office space is coming up for rent along Collyer Quay. Called 50 Collyer Quay, it is an 18 storey project that will offer 390,000 sq ft of space. It is due to complete in the fourth quarter of 2010.
Interesting info. I had info back from Jinesh Patel, address being some of it but they do intend to invest not wrap the company up so from this level and those few bits info?....interesting I would say. Far from done this one it looks
I had the same problem others had with the email address on the LDP website last week . I called the nomad and then got in contact with Charles Zorab. From our discussion, here are the points I found of interest:
The BoD have been aggressively cutting out waste and reducing costs.
They have looked at "many" projects to a greater or lesser degree - obviously no price sensitive information could be provided but I got the impression that it is going to take a bit of time to get the "right" project. He said the cost of buying a smaller mining project had come down recently.
They are looking at the mining sector but not heavy mining i.e. iron ore/coal so its probably copper/gold
They want to ensure the correct due dilligence is completed before any investments are made (following the Manas debacle)
They have appointed PGMM to provide advice when the right project comes along, and as they and 2 Leed directors are based in Singapore it made sense
If the "right" project comes along there is capital available, and this is further to the cash LDP currently holds
They are going to update the website and make it more interesting in due course - He said the Cosec was chasing the web developer to fix the email address.
I have not spoken to Charles before but he was friendly helpfull - obviously all the above is my interpretation of our conversation so please DYOR
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