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Date share consolidation proposal announced - guess who posted PGD as a "Strong Buy". BOOM.
Always amuses me how many posters on the various BBs claim long after the event how successful & profitable they have been with their trades. Selling at highs and buying at lows.
I'm not going to argue with you, pal. But you are, in part, telling porkies. What you now say doesn't back up dates + prices + your many comments posted on here at the time.
Good counter story you come with today though. I'll grant you that.
Yes agreed pretty positive especatilly the low cost of production. Wonder if we will Strike gold on the digging? Again this would greatly boost the share price
Why would I? I was unhappy with the proposed consolidation when it was announced at 1.75p!!! I was extremely bullish before this and pretty peeved afterwards. The fact is I have changed my mind considerably and that is what happens. I also walk my book like literally everyone else. Still have a pretty large position here 130k shares and will buy another 20k if it drops below 50p. If not hope these move up fast as although I am annoyed at consolidation I am still positive about the prospects this company has.
is fairly positive & upbeat I thought. All things considered. Had this RNS been 10 years ago the PI buys would have flooded in and the BBs full of ramping drivel. And have seen the sp shoot up. Changed times. But good to see the level of debt significantly reduced. Let's hope Calcatreu brings home the bacon. Could be a game changer.
Odd & slightly perverse that when PGD's price was 1.4p to buy you weren't making any comment about your (alleged) pretty significant sell trade. In fact, at that precise time, you continued your usual misleading ramping drivel in response to my post:-
"And you also say the POG has no relevance? Haha. Even if no one buys the fundamentals are getting better and Better by the day which means eventually this will attract massive interest. If gold keeps going like it is I am expecting 7-10p this year"
It’s actually £1.30 down to 52p mid without any bounce. It certainly worked well and I would commend the board for an excellent decision in the consolidation. Good work
Yes, a lovely straight line from 100 down to C. 50!
Since the consolidation has really worked
Or 50p new money I’m adding 50k shares. Sold 5m old money at 1.4p a while back but surely this drop is getting over played now
There and a bright future it seems now the bod have got to market this share properly now given the consolidation was meant to market institutional investors.
Worse still......... if you invested at the height £70 (equivalent) induced by all the considerable BB ramping at the time, you'd need a 100 bagger from here just to break even.
If you bought in on first day trading on AIM (2003) at £14 (equivalent) you'd only need today a 15 bagger to get yer money back.
Yet, for some, H & P still today walk on water. Elsewhere.
Old money 0.72p dropped well over half in value since the consolidation announcement LOL
It just gets worse here .
Paper value I am nearly 81% down
Shocking
Don’t know how many more years have to wait or it might never gonna recover.
Over the years so many promises and delivered absolutely nothing .
Spent over 100m pounds and here we are .
WorldMiner
I think a major problem stems from being an AIM listed company. It's almost kinda perverse that if there is likely to be any fundraising then the lower the share price the better.
None of the management team or the BoD can sell their stock. Not unless they want to be shot LOL. So, do they really care if the sp performs badly? There's no real evidence that they do. Not for now anyway.
That's of course no excuse for lack of PR which has been sadly lacking here since Day One over 15 years ago. And my beef has always been their spectacular ability to under-achieve. Confidently expect to do this & that. And they end up delivering something far less.
Just about the only thing I'd say in Miguens defence is the amount of money he's personally pumped in and the paper loss he's currently sitting on. Have no idea exactly how much that is but I suspect it must be well in excess of £100 million. And there is a reasonable argument to say that if it wasn't for him then this Co would have folded years ago. As a LTH suppose I have to be grateful to him for that. If nowt else.
Hl83,Thanks my friend this has been a huge loss to me ,as I say you live and learn I hope you are successful in your investments too good luck
The management and BoD of this company are really awful, a month has passed since the date of the commissioning of the new crushing circuit and no news. Worst PR ever!
No new technical guy and by now the exploration at Uruguay may be dead since poor results were mentioned before.
Calcatru is the last hope but they are going to need money, time and good luck.
Looking forward for the interims next month to check the debt level.
The only upside I see is a possible takeover by a bigger fish.
Stewy - the BoD must own at least 70% of the Company. So, there's not a cat in hell's chance they will vote themselves out.
Institutional investors take time to attract. You have to have an active & influential Broker or the Company make impressive presentations to Institutions to consider.
PGD used to fairly regularly make such presentations to potential Institutional Investors (about one a year). But I haven't seen published any such meetings/presentations for a while. Guess there's a logistical issue having to come all the way from Argentina to London. In days gone by they had a presence in London with Humphries & Prickett & Craven. Now there is nobody. Suspect they may these days rely on the AGM period(?).
I have no problem with the share consolidation per se. It made sense. There were far too many shares in circulation before. What I don't agree with is the timing of the consolidation. Any sensible Company doing a share consolidation usually does it from a position of strength (or when they are delisted). PGD could easily have waited until they had positive news to report at Calcatreu or elsewhere. There was no rush to execute the share consolidation. All that's happened is the consolidation has scared off the weak hands and impatient PIs selling. Hopefully that will come to a halt soon once more positive updates are released.
Out * put
Have actually out of retail punters because of th consolidation and actually not got any institutional investors on board because of the consolidation haha they must be sacked quickly now
For this monumental fck up. The company has so much potential just be diluted to hell and management have made decisions that crucify shareholders such as the consolidation fk up
Current Market Cap ain't too different to the value/amount that was coughed up recently in cash for Calcatreu project/deposit. Crazy situation.
Crazy share price. But that's AIM for you.
Drilling starts in a few weeks at Calcatreu. Let's hope that's the project that gets back some real value for LTHs.
Looking back - cash burn over the past 15 years is off the scale given what's been delivered.
Sorry to hear that cookie. Best of luck with your future investments, after PGD things can only get better (I hope).
Hi Edzi
Aye - it's hard to work out where this Co is heading.
The CEO stated in early April that PGD would "achieve significant milestones in the ensuing year." Maybe he left out a 's' in year? Cause near 5 months after making that comment not a lot seems to have happened to raise any market enthusiasm or excitement for the stock. In fact, it's lost a considerable amount of value since April.
Drilling starts next month in Calcatreu and that might just be the catalyst to a recovery. But that ain't gonna happen overnight.
Don't see the point selling at these historic lows as the only thing I'm confident of is PGD won't go under.