The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Hi Salty, you are wrong in saying the BOD have a lot of experience. Only the CEO has experience in farming. I posted the CV of the Chairman and he has zero experience in agriculture. Same with the other board member. This board is woefully inexperienced in West African farming except the CEO. But good luck nevertheless.
Kammi, I comment on lots of companies I don't have positions in. It is the best way to learn more about companies, right? My life is my life, as is yours. I take zero pleasure knocking anyone when they are down and I don't knock anyone when they are down. In fact I have sounded the warning bells but maybe no one didn't listen. But it is your money to lose. But if you didn't take notice of my comments, you would not have replied, would you ?
Hi Kammi, go ahead as say what you want about me. We are all adults and so far, I have been spot on in this equity. And just because some buyer got legged over at .60 does not mean that is what the company is worth. Plus you forgot to mention the seller. Doesn't the seller at .60 feel the company us overvalued and that is why they sold? I guess it is called the greater fool theory. Par is a ultra long term investment so I guess we will find out. Buying at .60, current price of .25 with more dilution coming. This is not the way to make money.
ST, green field agriculture investing is a 5 year commitment, it a minimum. My view on Greenstar and these micro equity deals notwithstanding, if enough deals for equity are completed, sooner or later one of them has to be ok. Your downside besides the time value of money is equity dilution. As long as your risk tolerance incorporates these two dynamics, no need to worry. The CEO and chairman can issue billions of shares to keep the company going until something of value comes along.
Hi ST, there is a 75% chance that PAR gets suspended but that does not mean all is lost. Look at Hunter as an example. This is the pattern of the chairman. But I am surprised that the share price of PAR has held up so well. I would have thought based on the lack of cash, the continuing dilution of shares and the micro minority stakes in goat/cattle pasture land that won't be in commercial production in 5 years, that the share price would be closer to .10 instead of .25
Well Stuiegee, I guess your specs were fogged when you read the regulations. Here is a site that might suit your investigation . http://boards.fool.co.uk/definition-of-close-period-9585009.aspx I point your reading glasses to #4.
ST, actually Nick Harris would have zero knowledge as Nick is a parrot and yes person, put on the board so his firm can place equity in the market and get his firm any upside besides the commission on placing stock. But just to put you mind at ease, I will get someone to contact both Nick and the exchange in the next few weeks and post whatever info I receive.
Dude Stiegee, you too are factually incorrect. I point you to the definition of a closed period. Go fetch.
Kmh11, you are factually incorrect . I wish ST well and wish that he makes money. The issue on making money is understanding the investment thesis, which sadly I believe ST and others do not fully grasp. But then it is their capital to lose and they are free to lose it in any way they deem adequate. I can only point out the positive or negatives I see. And I do not see many positives and I do see many negatives, excluding the belief of management bought shares while negotiating a deal which seems to be against the laws of the exchange.
ST, I do not want to see anyone lose money on PAR, including you. I have seen many stories like PAR where management spin an interesting story while lining their pockets at shareholder expense. My posts are not to deramp, they are to shed light on the story. As they say, sunlight is the best disinfectant. You and others may like the board personalities but pleasant personalities do not equate to making shareholders money. I receive zero satisfaction on knowing I am correct in this story. You and the other shareholders need to prepare for a very difficult 3-6 months. Possibly longer. Once a capital raise and dilution is complete, coupled with some transparent answers on Greenstar, then PAR might look interesting. But stop buying shares in something that is currently a black hole. For your own sake of health.
Hi Seatrout, you should call the FSA and AIM exchanges to get the rules on insider trading. The CEO bought shares in PAR on Feb 6. We all know deals in Africa take months to negotiate. Then today a deal is announced. Don't you think the CEO knew about the impending Ghana deal when he was buying shares on Feb 6? Today is Feb 24. Smells like a case of insider trading to me.
Hi Seatrout, I see PAR announced that it's shell subsidiary Greenstar have issued 10m shares for a 10% interest in a possible farm land deal. As I read it, Greenstar gets the management contract and benefits of the 10% and 40% of the 10% flows to PAR shareholders. Greenstar's 60% shareholders seem to benefit more than PAR shareholders. What is the cash flow of these Ghana Volta farms? Or is a complete and seperate capital raise for water, piping, ferts, power and other infrastructure required? If the farms are green fields, then it is probable that it will take 12-18 months before first plant at the earliest. What crop can be grown here? No mention of that. Once again, 40% of 10% seems like a bad deal to PAR shareholders who just got diluted before a capital raise. But I guess if you are part of the 60% that own Greenstar shares, it might be interesting.
Thank you Sence2
Seatrout, you sound like you are describing Bernie Madoff. Photo ops, drinks with locals, looking like a hard working man. Yes, that was Bernie.
Sence2, I only find afren and not an agriculture company using the ticker afr. What is the full name of the company? Thank you.
Thank you Sense2 for the idea. I shall look immediately at that company. The bod of PAR reads this and many other chat forums. They know exactly what the market is saying. I wonder how long the Chairman has been an equity shareholder of Greenstar seeing he has no agricultural expertise nor is it listed on his cv.
Hello Blue1, I was looking for a reason to invest as I am looking for an agriculture investment after I invested in a diamond equity. I don't like the promoter of OBT so I avoided that share. So PAR was the next idea. Let us see over the next month or so if there is substance or evidence in what I say. I have been correct so far in the Greenstar shell commentary, there is nothing there and PAR shareholders paid for the Chairman and CEO lifestyle. We shall see after the share gets suspended how much dilution will be received by current shareholders in order to get relisted. Then I will relook at the PAR investment thesis. But it is uninvestable as it stands today.
Hi, I agree, no director would buy in a closed period. A director buying now means no deal us imminent. You are 100% correct. The other reason is the director is a buyer today to stop the market selling. When the director was given 41m shares for free, a 10k quid purchase is inconsequential. Smoke and mirrors stuff. I bet you £1000 that PAR is suspended by march. Hardly a reason to buy PAR today , right?
Hi Seatrout, no worries on the pinch of salt comment. The fact remains two fold. 1. If a deal was close, the director with be legally prohibited from buying shares. Otherwise it is insider trading. So most likely a deal is at least one reporting period away, if at all. Otherwise the CEO goes behind bars. 2. Imagine how low the share price would be if the director didn't buy. Remember, someone wanted to sell. Most likely for good reason. Be careful, the light you see might be a train coming to you head on.
Sence2, I forgot to add the if the CEO was buying shares just before announcing a deal, that would be considered insider trading. The fact that the CEO has released an RNS saying he bought some shares indicates to me that a deal is a long time in the future and not imminent . I don't think the CEO wants to go to prison.