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It seems was founded in Jan 2014 with Mr Edward Roland Dawson and Mr Richard Paul Mays, perhaps being prepared if things didn't work out in Kyrgyzstan, so maybe some groundwork done in going forward here in MY OPINION that is , and according to Suspension of Trading on AIM on our webpage, theyre also both current directors of Prospect Oil& Gas ATB F
DB, Hi Mate, I must agree with you Mate. Good Year or another BAD one? Question mark at the moment. Let's wait and see Mate, take care. Obelix
Hello Gige, How are you Mate? Good to see you're around, to be honest, it's not a good time for us, but I've to keep my mind positive here. As we knew before PGR was like a Russian Roulette for us. I must agree with you and others here I've been greedy this days. My fault? Director Company dishonest? Your fault to believe in those people? Or we all be a big gamble Guys in AIM Market? Mate, I've to say some here (like me) have been included in this list sorry, but it's true and I just hope they (new BOD) be honest with us at this next time. Otherwise, most of us will leave PGR or Prospex Oil alone till the death. (my opinion) Winner, Mate, we never know the next step here, I've been in CNR before consolidation at 0.39 then they consolidate at 62 p (sixth two pence) and I sold at 1.12p (one pound and twelve pence) good work, good profit and I was really happy. (holiday with my model Girlfriend) and today, I don't have CNR and the Model Girlfriend... lol.. Life it's good here at AIM Stocks or with Model Girlfriend? lol Money talks and money earns & spend, I just hope the new BOD be honest with us. Have a nice Sunday Mate, take care. Obelix
uNkwnTrader, Hi Mate, good to see you back to your BB. However, I can't agree with you at this time. Sorry Mate, but We have to see what's coming in the next RNS's. Perhaps, I will agree with you Mate in the two months or maybe less. The problem here (again) can be the Country of exploration, oil reserve, cash flow, drilling process, how many oil ring etc. May be they will turn like Nostra Terra (NTOG) to many oil ring and shares issues. The Oil there didn't pay enough to the company to make profit and shareholders there (included me) are in trouble. Also, some Country (when we find out where) can be in line Mate, I used to look at PESTEL before I trade, sometimes works some not. Let's see Mate, the next RNS's will be crucial for us. Have a nice Sunday Mate, Take care. Obelix
Thanks for your positive thoughts ,Aim is unbelievable ,looks like this is going to be a tough year .
Not looking good ,,, hope it turns out ok ,,,to much silence was,t impressed ,but do not worry you can always join me at TRP they are doing ,well i bought at 0.81 now they are 0.10 ,You see i have a great eye for a winner ..lol
I do not post much these days but just read the RNS and well it's terrible for us now mate.
Guys, I hope everyone here are okay and ready for the weekend. Let's wait and see the next RNS's about the location that they will explore and Oil reserve there. Have a nice weekend all, take care Guys. Obelix
Premier Gold Resources requests share suspension as outlines new investment plan By Giles Gwinnett March 20 2015, 7:14am A new investing policy must also be approved by shareholders at a meeting called for on April 14 this year A new investing policy must also be approved by shareholders at a meeting called for on April 14 this year Trading in shares in Premier Gold Resources (LON:PGR) was suspended today pending clarification of the company's financial position. The Kyrgyz Republic-focused gold explorer outlined a host of proposed new measures, including a change in name to Prospex Oil and Gas. It plans to dispose of its wholly-owned subsidiary, Central Asia Resource, which owns its main asset - the Cholokkaindy licence - to Tridevi Capital Partner, so it can repay an outstanding loan under a convertible loan agreement it entered into with Trivedi in 2013. A new investing policy must also be approved by shareholders at a meeting called for on April 14 this year. Also proposed is a reorganisation of the group's capital by consolidating 25,000 shares into one share, which would then be subdivided into 100 shares and one new deferred share, the firm said. The firm also said it had conditionally raised £1.1 million through issuing around 35.3 million shares to advance the new investing policy of the company, which, as the new name suggests, involves a change of direction. The new investing plan will still a focus on natural resources and may include applying for new exploration licences or investing in existing licences with a primary geographical focus on Europe
Ali, Thanks for the Maths provided Mate, it's really help us here. We need all information possible about "the new adventure" and if you Guys knows or find something please help us. We're at the blind room at the moment, and I don't want to see you Guys & me lose your hard earned money here. I know exactly the risk of Share Consolidation, I saw many Companies from good ideas and business structure(s) go to, bust and disappear. Hope all here have a good weekend. I'll be off next week, but soon I return I'll try to help us. Take care Guys, Obelix
Yea I picked the wrong one. I've emailed this shower today blunt one aswell
Hope it all works out for you here mate. In the mean time have a look at PReM mate you will not be disappointed.
Cheers for sorting the maths. Let's get fingers crossed on this. We will bloody need it
The more I looked into this the more I realized that this is actually more of a reverse take over than a share consolidation! This is because you will have No debt, New BOD, change of name and hopefully a new great asset purchased and that's the key to this as what is the asset they will have? They will have around £1 million to spend on getting one and will see how good a business men these new BOD are with what they are planning to purchase.
Gaf they have already put the consolidated rates in and at the end of it there will be 40,731,291. Your shares are going to be divided by every 25,000 is one share and then that gets subdivided by 100. so if you had a million shares you will then have 40 shares that will be subdivided in the end and end up being 4000 shares at the end of it within the 40,731,291. For your shares to be worth exactly the same as it is currently then a price at the end of it needs to be at £0.12.5p (twelve and a half pence) Any price under that at the end of this consolidation is at a loss for us from its current price now. That would give the company a market cap of around £4 million 800 thousand pounds with its shares on issue of 40,731,291.
I Spode I'm with you on that but write of the money if you have higher averages. That's not ever gonna bee seen. So if the price say £1.00 I'd need about £20 to to see my average. so unless you got any money to put in buy early and sell try and get near your average. This is just a stalling way of keeping the the company going. Reminds me of noventa after consolidation. £2.50 to administration. Sorry but can't see this working. Very poor management and a discusting way to treat shareholders and there money.
GAF, I have to agree with you Mate, AIM Shares anything can happens any time. We have to wait and see the price that they will set up when re-start again Mate. I have no idea about price Obelix
Well I would much more prefer something like this to happen then for it to go into administration and be delisted which is what would of happened soon if no works can be done.
This is the harshest news that could have come out. You've kept this board going. Which has been good, but Premiere gold has let you down. And all of us. This company was all about a silly article that come out. Why can't I sell a crap idear and make a fortune, and get away with it. BHR BAOBAB TRP NEW world oil. And still the market doesn't see this. This is beyond the joke. Feel sorry for us.
Never works. Never will dress this up as much as you want. It's another aim company disaster. My forth company in 2 months to crash and burn. I thought I was good at this trading game. But I never thought I was up against companies that are just have directors with very poor attitudes To stakeholders. And there so called businessmen. No wonder the country is in a mess.
I lost £100 :(
DB, Hope so Mate, oil reserve will be important as well for the future and investors. Also, the price set up for start will be crucial for us, maybe we can lose at the first day. Waiting time Mate. Obelix
Morning Ali, Mine will be 40000 out of 40 mil so, less than 1% and I don't know what price they will set (when we start again) Also, we have to find out where will be the country exploration, how much oil reserve there and pray for Oil price be back to at least US$ 80 next year. I used to invest in Tullow Oil back in 2005 - 2008 (when I was a trader in Portugal / Milan) made a good return there, Barclays was really happy with me and now I've to make myself happy as well. Anyone here have in mind to go to the meeting in London? I will be there Guys and if anyone what some question, please post here and I'll take with me. The opportunity it's massive, but they can fall again. Let's wait for the next RNS about the plan. Obelix
My holding in it at the end of this process with me having 2 million shares currently will be 0.02% with having around 8000 shares part of the 40,731,291 shares.
its 0.77% i think your current holding is at 10 million