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1 share for every 25000 oh man this is terrible man.
I have no money in UKOG man, that just makes me feel worse lol.
No yet Mate, relax and enjoy UKOG massive rise today. We never know Mate, maybe PGR will be the same situation in the future. Next week will be crucial for us and I'm sure will be positive. Obelix
I knew it I felt it, we are going to lose our money, thousands.
Guys , sincerely hope there is a solution to this problem we have, the alternative is Zilch ACA Howe has independently valued the Licence on 24 February 2015 at £nil We don't know whether the company have abandoned hope of claiming against the government, has it has not been mentioned recently, in fact not much has full stop ATB F
Guys thank you all for your input. We as shareholders have rights as well. Lets all get there if possible and ask questions before they get away.
Thanks mate. So to date Tridevi has put in 580,000 pounds and they are going to put in another 50,000 pounds to pay the creditors and then on 14th they will get the gold project!!! This doesn't sound right!! have now some more questions to the directors.
Cistrader, Its not an option according to this RNS, Also it mentions directors already looking at alternatives So already they have been looking for 4 months now, So it seems to have ny hope going forward resolutions have to get passed Premier Gold (AIM: PGR), the Central Asia-focused gold exploration and development company, provides an update on the Tridevi Capital Partners LP ("Tridevi") convertible loan agreement entered into in July 2013 (the "Agreement"). Pursuant to the terms of the Agreement, Tridevi has advanced funds to the Company for general working capital purposes. The total amount drawn down under the Agreement is now £580,000. Under the terms of the Agreement the remaining balance of £420,000 can only be drawn down for the purposes of exploration activities, unless Tridevi agrees otherwise. As such, without the consent of Tridevi, the remaining funds will only be available to the Company when local issues are resolved and access to the licence area is restored such that exploration activity can resume. There can be no guarantee that Tridevi will continue to support the Company if access to the licence area is not restored. The Company has not yet obtained a resolution of its local issues at Cholokkaindy, although discussions with the Kyrgyz Government are ongoing. The directors are exploring other potential opportunities for the Company RNS 22-Dec-14 10:27 RNS Loan Drawdown Update Company Announcement - General
Thanks for that. So if this new proposed oil project is good why doesn't Tridevi convert and become a shareholder rather than getting the gold asset? If the directors couldn't sort the problems out how is Tridevi going to do it? Something is not right or I am going mad.
Mate you raised a good point, after threatening the government with a claim we didn't hear anything from the company in 2014, why? I have been googling Kyrgyzstan and legal claims, last year another company won a case against them, so what happened with our case? I have lost money before on aim but this time I am not going to sit back and let these directors off the hook.
Cistrader Premier Gold (AIM: PGR), the Central Asia-focused gold exploration and development company, is pleased to announce that it has entered into a convertible loan agreement (the "Convertible Loan") with Tridevi Capital Partners (I) L.P. ("Tridevi Capital") for the provision of £1 million to advance the Company's exploration programme at the Cholokkaindy gold licence in the Kyrgyz Republic The Convertible Loan will be received by Premier Gold in four equal quarterly tranches over the next twelve months. The Convertible Loan has a five year term and accrues annual interest at a rate of ten per cent which can be paid by the Company in shares or in cash upon redemption or maturity. Tridevi Capital may elect, at any time after 1 January 2014, to convert any utilised Convertible Loan into Ordinary Shares in Premier Gold at a price of 0.2 pence per Ordinary Share (equivalent to yesterday's closing mid-price). In the event that Tridevi Capital elects to convert any portion of the Convertible Loan, it has agreed not to dispose of those shares for at least twelve months from Premier Gold's receipt of each tranche of funds corresponding to the converted shares. Commenting on the investment Richard Nolan, CEO of Premier Gold, said: "This year's exploration season is pivotal for Premier Gold as we look to build a clearer picture of the asset in order to establish a maiden resource. We are delighted to receive the financial support of Tridevi Capital to assist the Company in achieving the potential of Cholokkaindy 02-Jul-13 07:00 RNS Convertible Loan Agreement
Well said that's how I think. As for consolidation this is finished, smells like last weeks dypers this is just like BHR all over again. All said and done, and we bin done like kippers.
Friends have a look at this sentence from the latest announcement: "Tridevi would transfer £50,000 to the Company in order to enable it to make an improved offer of settlement to the unsecured Creditors of the Company, than would have otherwise have been possible". Who is Tridevi? How much have they invested? Why are they offering more money to pay the creditors? If they are willing to put another 50,000 pounds, why not push to get the licence back with this money? I can smell fish!
We've to find out about new project and then if We're not happy We can go and discuss with your Directors. I believe many of us here are angry about the situation, but We can't do nothing at the moment. Let's wait for the meeting and discuss about new policy. * cistrader, Mate, could you please post for us all questions and answers that they will provide to you. Many of us will be happy to know more about the new project. Thanks and good luck to you Obelix
Is something most of aim companies do on a regular basis ,just allows them to reduce shares then issue more at the cost of original share holders ,always the same story you get caught holding big ,they have you by the Cahunas only way not to loose big is to average down ,big risk no return ,I will not be buying any more here just put it down to experience ,put them in the bottom draw with the rest .but GLA to the future .its only money health and happiness have a fare greater value .
Cistrader, Thanks for that but it doesn't sound like theres any option Following early exploration success in 2012 no further exploration of the Licence has been possible due to local groups, holding up work programmes illegally. Despite pressing the Kyrgyz authorities and threatening a claim against the government little progress was made in 2014. Significant additional legal, political and social work needs to be carried out in the UK and in the Kyrgyz Republic for the Company to gain safe access to the Licence. There can be no guarantee at this point that safe access will EVER be achieved. Additionally, the necessary and anticipated funds for the work are NOT available to the Company I can well understand their feeling towards the directors, after the lack of progress and lack of info to shareholders, That goes without saying ATB F After the passage above, im just taking it as we have 2 options >>>> change of direction or admin
A bird in hand is worth 2 in the bush, we have a good gold project which is worth at least $30m according to the company's arbitration announcement, so why should any of us lose money? They haven't told us anything about the oil project, where it is at what stage it is so why not go there and ask them what they have been doing for the past 2 years. I talked to 2 other shareholders they said they were going to vote against the proposal. They are angry with the directors.
Hi guys, trying to get my head round this The Proposals are subject to shareholder approval at a General Meeting to be held on 14th April 2015 The Consolidation will give rise to fractions of shares whereby a Shareholder's total holding of Ordinary Shares is not exactly divisible by 25,000 at the Record Date. Fractions of New Ordinary Shares will not be allotted, instead they will be aggregated and sold for the benefit of the Company. It is estimated that the total value of all fractions will amount to less than £10. Given 25,000 shares equates to less than £10 So for every ONE Million shares one holds now, will now be equal to 4,000 new shares approx. just under £400 1,000,000 divide by 25,000 = 40 x 100 = 4000 Following such approval, the Capital Reorganisation is expected to become on 15th April 2015 A notice convening a General Meeting at 11:30 a.m. on 14 April 2015, at the offices of Peterhouse Corporate Finance Limited, 3rd Floor, New Liverpool House, 15 Eldon Street, London, EC2M 7LD, to consider the Resolutions, is set out at the end of the Circular. Unless ALL of the Resolutions are passed the Proposals would not proceed Lets hope ALL resolutions are passed and we move on, with more hope of getting some value back Please correct me , if I have misunderstood this thanks very much ATB F
Morning Mate, I don't think we all will lose money here. First We've to hear or read about New Investment Strategy. Location of drilling, Oil Reserve and place that we will explore. Also, will be less shares in issue and that means share price can rise fast. However, if the new policy and investment didn't work well, I've to agree with you. At the moment, we're in the dark room waiting for lights up. Good luck to you and I hope you get the answers from the BOD. Obelix
I have got lots of shares in PGR. It looks like we are going to lose our investment but I am going there on 14th to ask the directors some direct questions. Lets all get there and see what they say.
Hope you all had a great Easter ,GLA to the future .
PREMIER GOLD RESOURCES - Important Information Proposed Company Voluntary Arrangement (CVA), Capital Reorganisation and Name Change. Important Information & Other Key Dates: On 19th March 2015, the Company announced Proposals to enter into a CVA, undertake a Capital Reorganisation and change its name to Prospex Oil and Gas PLC. Trading in the Company's shares on the London Stock Exchange's Alternative Investment Market was suspended on the following day pending clarification of the Company's financial position. The CVA will allow Premier Gold to eliminate the Company's indebtedness and liabilities and should provide unsecured creditors the opportunity to make a partial recovery of the debt they are owed. Under the Capital Reorganisation every 25,000 Existing Ordinary shares will be consolidated into 1 Ordinary share. Then, each consolidated share will be subdivided in to 100 New Ordinary GBP0.01 shares and 1 New Deferred Share. Holders of less than 25,000 Existing shares will cease to be shareholders in the Company. The Proposals are subject to shareholder approval at a General Meeting to be held on 14th April 2015. Following such approval, the Capital Reorganisation is expected to become on 15th April 2015. The Company have not yet announced when the Name Change will become effective. When a company consolidates its share capital the number of shares in the Company reduces. This will impact the share price as the total value of shares will remain the same but there are fewer shares in circulation, so the price can increase significantly. You may therefore notice an increase in the share price before we are able to update your account and provide written notification of the effect on your holding. If you are uncertain if the Capital Reorganisation has become effective please check with our Call Centre before selling your shares as you will be liable for any oversell in your holding. No application is being made for the Deferred shares to be listed on the Official List or admitted to trading on any stock market or securities exchange. These shares have extremely limited rights and benefits attached to them rendering them in effect, economically worthless and will therefore not be updated on to your account. Unless you hold your shares in a ShareBuilder account, no fractions of shares will be issued. Any resulting cash entitlements will be dealt with in accordance with our Terms & Conditions (section 11.16). Should you retain your holding of Premier Gold Ordinary shares we will update you in due course upon receipt of any further information from the Company. Should you wish to find more information about the Proposals, please visit the Premier Gold website, www.premiergoldresources.com/.
Why they show again the share price? Since they stopped trade the value here was only SP now BID, ASK and SP. Strange, but We know already nothing will be out before the meeting. Obelix
Hello Mate, I saw massive increase in the value, goo do see and I hope to happens here one day. Maybe We will never see, maybe We will see when nobody expect. AIM Shares Mate, bad and good walk together and I'm sure they share their hands... lol Have a nice day Mate, Obelix
AIM market is getting just nasty ,,,no other way to describe it ,,has any of you seen what happens on TRP last Thursday and Friday ,/ this type of behaviour can only be possible if is organized ,,,,,