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Good Luck small trader, better at 26p than 30p upwards
ok bought £3k worth for now. GLA
my reasoning for not buying now is because if gold price goes even lower than now then we may see SP slide even further. If it gets to 29p or 30p then it means that it is a bullish situation and I will be more confident to buy then.
Sorry small Trader not radar, stupid computer. I will NEVER EVER, see the logic of a post that says, I might but in over 30p, when the prevailing price is 26p. RIDICULOUS, I want to buy in at the lowest price possible, as there is more opportunity for making money.
small radar that won't happen, firstly he would need to have the funds to buy, He hasn't, secondly he would have to repay the bonds and the pre paid money, and if POG WERE EVER FOR SALE There is a very very big asset. THE POX HUB
I bought £5k worth at 5p around in open market and sold it at 8p in the same year and until 2020, I did not look back at POG. Had I held the ones I bought at around 5p, would have been lot better. Currently out now. Might buy at 30p if it gets there. Don't want to take risk. Sburkov will a quite the company for peanuts and that peanut price he would like to pay might be under 30p. He might to prove to the world that POG is in a sh**t and is worthless?
UDF Forget charts, my comment has nothing to do with charts. My comment was based on you saying that " hadn’t diluted the shareholders by 95% and paid themselves bonuses. and nothing else.
How the hell were shareholders diluted by 95%. Show me the Maths, I have shown you my maths even at a share price of up to £4. As long as you took up your rights.
As for deluded, as far as my English is concerned, I don't do too bad thank you, and I know perfectly well what I said, and what I meant, based on that sentence. I am not meaning to have a go at you personally, just the statement you make saying shareholders were 95% diluted, As if a shareholder was able to take up there rights there was no dilution of the percentage they held.
Costly but an option nevertheless.
Not a problem Freddie2, the point I was trying to make and retired Banker has re-iterated, if you had the cash and the balls, people at least had an option. And that was using the price of £4, if you had bought higher it was harder to get into profit if lower, easier,
I don't want to dwell on the subject just brought it up in reply to UF,S post.
The reality is, we all want the same thing. That is a stronger more profitable POG. Over to you Denis !!!!!
Freddie - you have the rights issue back to front
If you had 100 shares for which you had paid £4000 you would have been entitled to 15700 shares in the RI costing just £785.
So your current holding of 16,700 shares which cost you £4875 are now worth £4500 at 27p. So even somebody who had an average of £4 before the RI would now have re-couped their losses !
The tricky part was that immediately prior to the RI your 1000 shares were worth just £125 (a 97% loss) and you were being asked to spend over 6x that amount to participate ... fortune favoured the brave !!!
Sorry rusty got it the wrong way round , i did take up some rights but at the time pog was killing me loss wise , i suppose i should of been braver , like ive said before been in and a lot since then and done ok but on original investment need a higher sp
Freddie2 I don't understand your logic, they had 15000 shares cost £60000 could have had another 225000 @ 5p £11500 so now a total of 240000 shares purchase price £71500 225000 @ 27p = £60750 at 40p per share which they were not too long ago that would be £90000 so that would be well in profit,and they could have cut their losses.
That is at a price of £4 a lot of people got in a prices well below that price. Some very clever people ( again not me ) were able to buy shares in the open market at under 5p for a very small time. They, even at todays levels have more than 5 times over made their money/
The rights issue, was not good by anybodies stretch of the imagination, but, a little better than being wiped out altogether, Some, I believe Lawrence 13, and especially Retired Banker have fared better than others.
Freddie 2 I believe the rights issue was 15.7 for every one held at a price of 5p. Anyone who was fortunate, and brave enough to take up their rights, would be well in profit now as it brought the average right the way down. There are numerous people on this board who did take up there rights. I ****ed up, I took them in my SIPP ( not a large holding ) thought I had taken all my rights in my ordinary account, but forgot to post the bloody envelope. MY FAULT nobody elses,
So on a personal note I could have come out of this a lot better, I didn't look at my shareholdings for years ( Idiot ) and couldn't believe what I saw
Even if you knew you couldn't participate in the rights issue you could have sold your holding and bought back cheaper after the rights issue. The ones that would have lost would be the people who bought when the share price was high, missed the rights issue and dint have the money or the will to invest further. If anyone is in that boat, I do apologise, as they could have lost money, if they sold. At lease there is hope, because without the rights issue, we would have gone belly up.
Oh maybe , few years back now sorry
Freddie, I think it was 15 for 1. But let’s look to the future, since I am deluded, I might just dress up as an airline pilot and shimmy on down to the coffee shop.
Say you had 15000 shares for which you paid £4 , 60 grand cost , you were then allowed to buy 1000 shares for .05 p , total shares now 16000 at a cost of just over 60 grand , so how did so many people make profits i wonder
The rights issue was not all plain sailing , you were able to buy 1 share for every 15 you held , but most share holders had paid in the pounds for most of their original shares so it was not that easy to to make a profit
Rusty,
so what you are saying to me is that this chart
hXXXttps://www.marketwatch.com/investing/stock/pog?countrycode=uk&mod=over_search
which is maths and is publicly available on the web, from many different sources, is just me being deluded ?
And really if I had just bought at the bottom, I would be a happy!
I think you need to look up the meaning of the word deluded.
updownflat, you say he diluted the shareholders by 95%, that proves you are deluded, some people, ( not me by the way ) have made very good money by investing in the rights issue at 5p and have made very good profits.
I agree, and I have stated previously the rights issue should have been done at £10 plus when the company was seemingly doing well, but, thats in the past..
As for bonuses the new CEO WAS AWARDED POTENTIAL BONUSES BEFORE HE HAD DONE ANYTHING !!!!! In my opinion bonuses should be awarded for success in a defined manner. Not for INERTIA.
I would have a lot more sympathy for him if he had paid dividends over the last 10 years instead of making large charity donations.
Or if he hadn’t diluted the shareholders by 95% and paid themselves bonuses.
And what happens if it proves all is squeaky clean, where does that leave Pavel and his 5 months in the chokey. It will be the biggest own goal ever for stuckov and everest
Unfortunately, it is necessary to stop Pavel and Pals from attacking the company. Think of it as a threat against them. And as a shareholder I am willing to live with a depressed price for a while, but I would like to know exactly what has been happening and also that we now have an honest management team going forward.
Cant believe they started an investigation into their own company , it seems like a lose lose situation , which is being proved by the sp
Do we know when the investigation is due to conclude?
One day closer, to hopefully, a positive update.
Forget interest rates amount of gold in the world and everything else, because this is vitally important along with a strategy for dealing with IRC Bond maturity and how the investigation is going.