Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Hi Greenrookie As of last night, the Association has 52 members representing over 20m shares. As I said in the Third Circular last night, i think it's a good idea to ask the various nominee holding companies if they will put out a message to PRG holders. I'll happily do it with HL (my broker). Personally, I don't want to go anywhere near TW/SP, but I will ask ProActive Investors if they will make an announcement.. Cheers CS
One of our members pointed out to me that the circulars can easily be seen as spam, as they contain a bcc list of email addresses. So just a reminder to put paragon@73east.com on your white list to make sure. Now 38 members, representing nearly 17m shares (over 6% of the issued shares). Anyone still wanting to join, please email me on the address above. Cheers
Thanks all for the positive comments. Reminder for anyone reading, if you want to join the shareholders association email me at paragon@73east.com (please include lse username and number of shares held). Confounded, I hope you will join us. CS
I have now seen an official email from the company stating that the shareholders meeting on 28th February will be in Walsall, as was rumoured.
Re First Circular As some of you know, I sent out the "First Circular" last night to members. However, due to annoying internet problems at home I know some of you (mostly with Hotmail addresses) didn't get it. I will be trying to get this problem sorted today and will try again. Advance apologies to any of you who might accidentally end up getting it twice! Reminder for anyone who wants to join, just email me at paragon@73east.com That includes you, confounded, we would be happy to have you.
Thanks to all for your sign-ups! I'm at work for my day job at the moment, so fallen behind a little on acknowledgements. I will catch up tonight, so keep the sign-ups coming, and pass the word! (paragon@73east.com, please include lse username and number of shares held). We're up to about 15 members now but I will do a full tally tonight and report. Thanks, CS. Fast_ted, yes, I got yours.
Hi BigBiteNow (and others) I've got several emails this morning from people wanting to join, but I can't tie them up with users here unless they mention lse username in the email, so I don't know if I've got yours. Please all when you email to join, let me know your lse username and your shareholding (both will be kept confidential). Thanks, CS paragon@73east.com.
I was informed today that my screen dump verification of shareholding has been accepted as evidence, so that's all you need. As backup I have requested a confirmation letter from my broker (HL) which I will take with me. Don't forget Paragon Shareholders Association - email paragon@73east.com if you're interested in joining.
Hi K168 Yes, got it, Thanks, along with 3 others. Just a slow start to Sunday for me. I will reply later today with some thoughts on how we could manage the shareholders group. Reminder for anyone interested in jouning a shareholders group, please email paragon@73 east.com Cheers CS
HB, how do you know?
K168 I'll look for your email. I'm also assuming for the monent that it will be in London, but don't know. Hope they don't try to drag us all to Guernsey! Cheers CS
Holefook, the company doesn't have to be listed for it to tap shareholders for cash. It just needs to know who they are.
I suspect the meeting is to feel out shareholders about stumping up some more cash. I plan to go to the meeting wherever it is (I have asked in my acceptance email). I have also asked if they will accept a screen shot of my account as evidence of holdings, I'll post the answer here. I have also asked my broker (HL) for a letter confirming my holdings, which is good enough for an AGM so should be good enough for this. I think we PIs should definitety form a shareholders group, to represent our interests en masse to the company. Anyone interested please email paragon@73east.com - its just a domain I own and I have set up a specific email address for this. For the record I have sunk just over £50k in here, for a current holding of around 1.2m shares.
Does anyone have any ideas about how we shareholders can all remain in contact, assuming (as now looks very likely) we delist from AIM? Presumably this BB will no longer be hosted by LSE in that event. I know there is an internet service called Proboards that allows users to set up their own BBs, but I don't have time to be the administrator. Any volunteers? LSE ADMIN - I know you normally block references to other boards, but please let this stand and give us a chance to find another home as you won't be hosting this much longer!!
I wish people would stop saying things like "This is AIM, so things always take longer". The present situation has nothing to do with which market the company's shares are traded on. The situation is down to the company's cash position and the state of various negotiations. The situation, and the delays, would be the same if PRG was traded on the FTSE 250, FTSE100, or any other platform. These are difficult and complex negotiations, they will take what time they take. Chill out people, it will happen.
Looks like I, and maybe some others here, misread this 120-day thing. I thought it meant the other governments HAD to ratify within the 120 day period, apparently it's something else, just some kind of closed period where the company had to stay out of it. I wonder how long it wil, take now for them to close some deals?
@ spindoc - "Now all I want to do is get ratified!!" If this gets anywhere near 30p I plan to get extremely ratified!!
Yes, I agree. Approval RNS was 26th May. 120 days from there is 23rd September.
Thanks Bill. Forgot about the milestone payments - even better!
BillB - not doubting you and this is great news, but could you post the reference? Ta.