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Bugzy, yes I follow SBLM. However my equity ownership was in PDL which I sold at 192p. I did buy SBLM and my average in price is 6.7p. I am comfortable owning SBLM because I know BHP and Mittal are the neighbors, that Mittal needs high quality feedstock to blend with its ore and that SBLM has 63% Fe DSO. I know SBLM will deliver to shareholders and shareholders will be handsomely rewarded. However, keeping watch on PAR, I see the same issues I saw in January. A board enriching itself at shareholder expense, no real cash flow or property ownership/lease, a shell called Greenstar that seems to be skimming, a balance sheet with no cash and a deadline looming in the near horizon. Using HUN as a proxy of this Chairman's ability, I wish shareholders good luck. AI.
Hi ST, you bad several others have called me names and told me I am full of it now for almost 1 year. And yet you have been 100% wrong in judging the management team, the company and it's future. Keep calling me names, it is water off a duck's back. But I worry about you when you say Ebola has no effect on PAR. Then again, it is your money, you are free to lose it in the way you like. Maybe another 10% farm in deal gets done. But the market will not like that. And the share price will fall.
ST. Come on, you mustn't be so rude to a fellow poster. Ebola is running the show in west Africa. Aircraft can not even land. People are being evacuated. And you expect a deal at a premium? You are really nuts. Simon Hunt is robbing the treasury. The new CEO is a puppet of the chairman. There is no money to pay bills or fees. Quit hyping this story in an Ebola environment. You look bad doing this..... Gla, AI
Hi ST. It will open up lower than it was when it was suspended, pre share consolidation. And if a non-Ebola country deal can be done, it will be a consolidation similar to HUN. But I heard a deal was difficult because Ebola is not allowing any M&A to be completed in the region. GL, AF.
Hi ST, the share consolidation that will be done might help PAR open up at 2p. But the share price will follow HUN. 2-3 days up then selling or shorting pressure to below the re-listing price. But best of luck, AF.
Hi Sea Trout, I think the Chairman is scrambling to find a deal that makes commercial sense to PAR shareholders. And therefore will do a 'farm in' deal for some rubbish Ag company in a West Africa. and the share price once relisted, if relisted, will react similar to Hunter. So the first few days of resisting, the sellers and short sellers will come out and I predict the share price will be about where it is right now. The part a PAR shareholder should worry about is Ebola. West Africa, including Ghana, is rife. No one wants to own spec small cap companies in Ebola infested West Africa right now. Ebola might even have slowed down any possible deal. But good luck with PAR, AF.
Hi Sea Trout, the Chairman has lined his pockets with lots of free HUN shares, 20m at last count, just like he gas done a Paragon. Expect PAR to perform no better than HUN.
ST, I too am a slave. PDL has been very kind to me but not enough made here just yet. I am in the mining industry but believe food is the investment of the future. Everyone needs to eat.
Hi ST, if your average in price is .56p now, after taking into consideration the impending dilution, you should get your money back. If £1m is needed to be raised, your in price will be closer to 1p , which is achieve able if the asset purchase is reasonable. So don't worry right now. Nothing can be done.
S/T, I an not happy about what us going on as it gives the AIM exchange a bad rep. But I am happy I waited and did my homework on this, the writing was written clearly on the wall. I learnt a lesson in the 1990s that when a company buys a subsidiary from a director, be careful and avoid in the short term. And that is exactly the Greenstar story. It wil be three or four months at least before any news happens here.
Sea Trout, management has been misleading you for many months, if not years. If you truly believe they are in negotiations that they said they are in, I have a bridge in Timbuktu to sell you. It will be months before anything gets done at PAR. And it would seem as if Hunter Resources is the example of how the team will operate.
Hi Sea Trout, you won't hear of anything for months. This management team has nothing for shareholders right now. maybe they have nothing for shareholders at all as Greenstar might end up with any deal put on the table.
Hi Sea Trout, I do not think all is lost but it will be close. I do think you should put the scrip in the bottom drawer and forget about it. PAR will need to raise at least £1m for any partial acquisition and that means you lose about 2/3 of your value based on the market cap and dilution discount. Once this happens then a guess everyone can figure out the upside to PAR, if there is one. There could be upside, I just do not know when. I wish you good luck and hopefully some fortune.
Sea Trout, as one of the major shareholders, it is your right to speak to the Chairman. So who said you are not allowed to contact the Chairman? It does not make sense. If this is the way you are treated by the Board, I am sorry. No one, especially a major shareholder, deserves to be treated badly.
Sea Trout, I am sorry to hear about your dilemma. As for contacting the Chairman, who said you are no longer allowed to contact him? We are adults, and you are a major shareholder. How could the Chairman not speak to you? It is his job to speak to the public and shareholders, leaving the CEO to run the business. How could this BoD allow such treatment? A turtle in a race moves as rapidly as it can. Same with the snail. The definition of rapid lays in the eyes of the giver, not the receiver. Don't get yourself worked up on this share. Life is worth living, not for worrying.
Hi ST, I warned you and the rest of the board what would happen, but no one wanted to believe me. Instead they tried to attack my character and integrity . So now all the pieces of the puzzle are coming together, you should relax as there is nothing you can do. The board will do a deal, you can be assured of that. But it is funny how no one mentions the recent investment disaster called Paragon Volta, the so called savior of the suspension. Seems like another value leak like Greenstar. I have minimal faith in the BoD based on the recent 6 months actions. They are proving me correct. The key to the future for shareholders is the type of transaction that is done.. Another Paragon Volta will doom the company while the purchase of a cash flowing asset will be a positive for PAR. Hunter is in the same position as PAR. Best of luck to you and the other investors. I hope it turns out well for everyone.
Your fellow shareholder Mr Allan has 9%, the same about that the CEO and Chair received and hold. This should tell you something.. I would be more worried about the perceived insider buying a few days before the Feb announcement. Conversely, any deal must be a long time away if the CEO is trying to get away with his Feb trade. Like I said before, a deal might happen but the financial characteristics of any deal might be a shocker like the goat pasture they just bought into.
Hi ST, I am not sure those bottom feeders will make a large profit when one takes into consideration the massive dilution that is coming. And I think the BoD will buy equity in something but with this lot, one does not know if it will be 10% or 50% or if it will be inserted into PAR or Greenstar. That is the doubt this BoD has created in the market.
Good morning ST. Do not despair. As right as I think I am on this company, this is how I see the future. Suspension soon. You don't lose your money. While in suspension, a deal is done. While this deal is done, capital needs to be raised. So the Board will go to the exchange , get unsuspended and do a massive dilutive capital raise. You may or may not like the deal but I believe one will be done. Depending on the size and maturity of the farm or business the share will react. My personal belief is this board is incompetent in terms of shareholder leakage. Greenstar is the reason. Paying themselves from shareholder funds for their own Greenstar shell will prove to be the first major mistake.
ST, I am sorry to see you like this. Stay clean and sober, this share is not worth losing 9 years of hard work.