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Johnny , I agree completely with your point on future disclosure of information, there is now no such thing as price sensitive information for them to be concerned about , as we sadly don't actually have a price that can be effected ! It should be all cards on the table , on their return !
I've already dropped them a message/e-mail. I appreciate they may still be on their xmas hols but no reason why they shouldn't reply in due course. Will be interesting to see what they say from here on in. Whenever I spoke or e-mailed them in the past, I was constantly told they were limited with what they could actually tell me (insider information) and all that. With us no longer on AIM, I would expect the shareholders to be given full disclosure (or something as near as dammit). Good luck everyone.
This site is updated quite often. http://shares.telegraph.co.uk/quote/?epic=PRG
Yes,you are both right the website has always been rather poor and not updated.Now it is all we have, it is a worry.If nothing is heard for a while we should all email/try ringing.We are still shareholders and entitled to be told the truth what is happening and when it happens.This whole situation is a big worry.Lets just hope it can come through.GLA
between. Shame as it is so simple to do. I hope now that we are out of AIM this will be better in the future if not we all know what that means.
I notice PRG's website (latest news) appears to be missing the last four RNSs. Not particularly reassuring, considering we're told to monitor the website for news updates.
Although we we knew it was coming, still a bit scary when you see it gone! Lets hope it really can all be sorted.Not sure how long this board will stay on.But remember we can carry on under Share chat -general chat-general topic- Paragon Diamonds Shareholders.I think it is always reassuring that there are others in the same situation,and good to keep in touch/informed.Lets hope in the near future it all comes good.GLA
as the company stated as from 7am today. So at least that announcement is true. Lets hope this is the beginning of a bright future as I prefer to believe that PM is NOT a dishonest swindler as some say. But funding is essential.
One would hope with the recent noise, that some one comes up with the cash.
I do not think this is over we have lost the listing but fundementally nothing has changed we are still trying to close out funding or atleast they say they are, if they do get funding after the new year then this will relist again. on a positive they can pursue funding with no pressure on time scales and no major downswings in shareprice. i do not think this is over but will put this at the back of my mind for a couple months and see how things play out. good luck to all holders see you in a month or so.
with net asset at $ http://paragondiamonds.com/cms/uploads/files/7f310efa8d7522db23b6eb7fc151e266.pdf 23,270, Intangible are high at 32,600 but for 6 months, prg cash costs was $1.349mil. Net asset should be the reserves diamond for mining 3 or 4 mil Crts. So private entity but still with a license and maybe two with Mothae.
I think prg should come up with a pfs for lender to make a case to invest or not, and for shareholders. There is very little info on mining activities, for the now 2,3 yeras old licenses. There has been some smpling ans sales but even that there is very little info on price achieved and quantity saled. This is not good enough, we have to send email and letters to PM to find out something.
phil manduca wants to avoid dilution but will be interesting to see if they do pull of funding in the near future will they relist the company at 10p+? food for thought and will make all this mess supension/delisting seem like an extraordinary plan.
Hope you all had a nice Xmas. Just a reminder, as this could be pulled any time soon, we can carry on under Share Chat-General Chat-General topic-Paragon Diamond Shareholders.Pleased to see a few posts/lot of views so most seem to be finding it OK .Happy New Year all.Lets hope PM can still pull this off.I am sure like me, many here have a lot riding on this.GLA
With 227mil shares prg could issue 773mil at 4p, and become 1 bill shares company. We would need to turn a net profit of £4mil for a pe of 10.
This is not the news I wanted to hear.... especially on Xmas eve even though there was plenty of warning from Chauv.... The PM has promised much and so far failed to deliver. We are currently worse off than when he took control of our war band promising new conqured lands and the holy grail and the cure for cancer. Including the shares I've held for almost 3 years now I even sunk my short term war chest into this stock on the heavy optism of our Battle Captain the PM. Only to come out in defeat and on the retreat. I know we are not totally defeated but it is moral sapping returning empty handed and with nothing to show after our last battle. So we haven't lost the war but this last battle does leave a bitter taste in ones mouth. What I personally would like to know is what the strategy is..... what is our next plan of attack from herr. As night follows day I can guarantee its what we'd all like to know. But just like the enemy will try to discover our Battle Captains plan so as to use it to their advantage could one not assume that this is exactly what happened to our previous plan. Before you invest with anyone one would automatically do a bit of research. If the person asking for your investments has made his intentions clear and has a lot riding on the line then surely you can demand a pound of flesh in return and then some extra. Is this possibly what happened to our Battle captain? Everyone knew he was desperate and upped their prices? The PM has called their bluff and they called his. He could have buckled and given in diluting our future worth but he stuck to his word and held strong hence maybe not a retreat but a tacticle withdraw from the battle. Speculation this all may be and as much as I would like a clear strategy laid out I understand the fall out from revealing too much. But I will settle for a strong guarantee from our PM that we will come out of this victorious in the new year.
Have to agree , in re-reading the late RNS, there are lots of committed word from the Board, to see prg back trading and may be at higher sp. Lets wish our selves for the best, or this Christmas and new year. Happy Xmass and NY ALL.
We need more explanation than this guys. I mean they have shut down communication in a way that not even if I wanted to lend these people 30 mil $ I would manage to get in contact with them.
Supposing we find $20 mil funding. With a company like prg with I think....but not sure 2 mil £ net debit, we get, 18 mil $ asset. at 277mil shares is 4.3p, and i will be happy with that.
philphil Mothae was even better money spinner. Appraised by Lucara it has also big stones finds.... If remember right it was 36 million $ first year and more than 100milll$ with phase 2 and beyond. Can't believe the man didn't managed to find funding, and I woud br furious to lose the cash. I mean this is not an oil company in debit of 100s millions, we own 500k short terms, and could easily made a right issue, what is going on?
Completely right greenrookie EGM and more. I want to be speaking with PM and ask him this questions to the least. When and where anyone?
Some interesting posts.Just a reminder when they pull the plug on this board we can continue on.Share chat -then general chat-general topic-Paragon Diamonds Shareholders.Merry Christmas all.Lets hope the New Year will see this Company where it should have been already.Maybe this failure will make PM more determined than ever to make a success of it .GLA
The actual Costs of getting a MAIN market listing is about 7-800k , a cash shell can usually be picked up for about the same as the cost prevailing at the time . For the MAIN MARKET , NOT aim , the exchange like to see companies with a market cap of in excess of £100m , if they are much smaller than that , they should be on the more junior market , ie AIM . The exchange is trying to clean up the aim market and get less Cowboys on , so it's much harder now to get an aim listing than it was . And the Main market is even more of a challenge. Hence the attraction of finding a clean shell for some .
I'm no expert, but I think you can bring a cash shell on to the main market for just a few million.
If PRG secured the finance , they themselves could always very quickly reverse the private company into a shell , either Aim or main market to avoid the time and hassle of reapplying to either market . They have plenty of options IF. they get the finance !