Member Info for Coldfeet

RNS Number : 5459A Praesepe PLC 09 October 2009 9 October 2009 Praesepe plc Director/PDMR Shareholding Praesepe ("Praesepe" or "the Company"; AIM: PRA) announces that Byron Evans, Group Commercial Director, and Jonathon Hughes, Managing Director of the Cashino AGC business, today purchased shares in the Company. Mr. Evans purchased 50,000 ordinary shares of 10 pence each in the Company at 8.17p per share and Mr. Hughes purchased 120,000 ordinary shares of 10 pence each in the Company at 8.6p per share. Following these purchases Mr. Evans now holds an interest in 60,000 ordinary shares in the Company representing 0.03 per cent of the Company's issued ordinary share capital. Mr. Hughes now holds an interest in 725,000 ordinary shares in the Company representing 0.3 per cent of the Company's issued ordinary share capital. The issued share capital of the Company comprises 220,113,638 ordinary shares of 10 pence each. Ends Enquiries: Praesepe plc Nick Harding, Chief Executive Officer Tel: +44 (0)19 0822 4882 Matthew Proctor, Chief Financial Officer Tel: +44 (0)19 0822 4885 Brunswick Chris Blundell Tel: +44 (0)20 7404 5959 Oriel Securities (NOMAD and Broker) Richard Crawley Tel: +44 (0)207 710 7600 Emma Ormond Tel: +44 (0)207 710 7600 RNS Number : 5459A

Hello Jack, Not at all mate, made me laugh..!!! Sorry for the delay in posting, work, grub and it takes me ages to transfer my thoughts to print. I promised the missus we would reduce our risk when the SP dropped below 12p and didn't. Made a mistake in waiting too late and it cost us. Well pleased at your entry/exit points you played it very well indeed mate so well done indeed...:)

what their agenda is. Overall individual components seem to link in together. I am gutted that the shine of EMED has worn off. We held 150k and I had promised the missus we would retire on them..!! I still hope the potential of EMED comes to fruition but in the short term I can see three possibilities. 1. Fund raising, the recent suggestion that EMED will list on the ASX has been seen as a good thing. I suspect that this will lead to dilution for negative reasons in that they need further funds to cater for the latest delay. 2. EMED will announce the extension of their SEDA facility past June 2010 3. EMED will walk away from PRT stating they intend concentrating on their Slovakian prospects. I was pleased to see the appointment of Durban and Fernandez as advisors, much needed expertise to assist with the Spanish Junta and me and the missus are keeping a very careful eye for any positive news. I was going to post all this on EMED iii but after Derek suggested I was a de-ramper I couldn’t be bothered. I note that he suggests that Slovakia is the golden fleece for him. I don’t agree. Without PRT coming online EMED will be dead in the water. Even if PRT comes online they have a lot of money to pay back on top of the financing they will need via Goldman Sachs.

available until the permits are in place but which ones? The first permit to mine or all of them? I think the last count was 41 or 42 in total but some of these will only be achievable once they have the mine open and have power to test things. It seems contradictory. Landowner issues - PRT has access to two dams but will require landowners’ permission and it sounds like 3 are involved in total. The “intense interference” comment in their last RNS is concerning. Was the “increased security” comment related to this? Sounds like the former controllers have been on site. Doing what? They mention blackmail in a recent presentation, worrying. The latest quarterly report states that the regulatory process provides a framework to facilitate a proper resolution in setting compensation due to certain third party landholders. What is the timeframe for this framework? Do our two Spanish friends have a valid point re. compulsory purchase? Emedgate/Tdruid - As you rightly point out, ignoring their spite, when have they ever been wrong so far. Emedgate started posting April 09 just after EMED announced that the agreement with the former controllers was off as they hadn’t assisted. He admits that two generations of his family have worked at MRT. Tdruid is far more open in his despise, I am sure it was him that suggested if EMED fail the mine will revert back to MRT. I haven’t been able to find out any truth behind that but it would explain wh

Evening Jack, Hope you are well and sorry for the long post. Funds - the issue I have with these fellas (now) is all down to their short-term funds having looked at their cash burn which is roughly 700k euros and taking into account another damned delay. At June they had 1.1m euros in cash, they would also have had £1.3m left over from the August placement. The SEDA facility expires in June 2010 and they are only allowed to drawdown £250k max each 3 weeks at best 5 weeks at worse. The facility was for £10m but between August 09 and June 10 they would be able to drawn down only £3.6m. In June they confirmed that when they pay off YA they will be able to draw down on the SEDA facility. The placing in July was a good idea as it reduced share dilution in the long-term but now, with hindsight, why the rush to get the SEDA facility available before Jan 2010, the original intention. Short of funds perhaps? If they don’t receive the initial in principle permit very soon, at the latest by year end, I can’t see how they will be able to finance themselves and if the permit approval is delayed again then they may have to walk away from PRT. For some time now they have been borrowing money to pay off other borrowings, concerns me. Financing - the senior debt financing is another weird one. They say this is still to be secured yet Gutierrez suggested in Jan 2009 that they had 111m euros in place to finance the mine. The funds will not be made avail

Yes, just back from work.

http://www.praesepeplc.com

Sorry ! ! Here is the actually link. I should have just put that in the first place... http://www.investegate.co.uk

It is on the investigate. website www.investigate.co.uk

Good day here, pleased for you. The almost complete lack of share availability can only mean one thing. GL to those that hold.

You too, be lucky.

Nah...looks like I was unlucky, LO set for 2 days so might get lucky on Monday but doubt it..:)

Limit was set at 5.75.!! A trade went thru at that figure but not mine..:)

Have put a couple of limit buy orders in as quote and deal limit was a max of 1,000. If the order doesn't fill then fair winds to you..:)

Umm...interesting. The only quote I got was for 1,000 shares at 5.75p, was unable to buy at any higher volume and no where near the NMS.

You were right, shares are very hard to get.

Thanks for the response, looks to be the classic debt problem that if they can renegotiate then who knows how far the SP will go. Am already doing exactly what you suggested, great minds and all that..:) GL.

Any idea how long their website has been down for..? Hope you can help as want to do some research.

Jack, hope the downer is nothing serious. I didn't expect the rise today to be as much as it was, saw about 82p myself and am very surprised. Will look to sell some at around the 93-95p mark, however long that takes, we have 44k of CEY and they are our biggest investment currently. Closely following MNR right now as the upside could be huge but they have a lot of debt that needs renegotiating but we have no funds until we release some from shares. Chuffed for you that you have so much EMED and at such a low price. They are our "punt" share and have turned into a big, big punt with the possibility of who knows what..!! If Harry delivers what is promised I can see the SP around the 20-25p mark by as early as September which is why we want to get some more so we can sell some and cover the entire investment letting the original 100k ride for nothing. Still...what do I know, we are holding MEC shares...!!!! Complete and utter shower of ****...!!! GL mate.

JTB - Yes we are both in EMED and that looks to be very promising both fundamentally and chart-wise. The resource up-date today was a bit poor, just 6%, I was hoping for 15% but every little helps and the previouos up-date was a bit of a good one. Your thoughts about CEY were right and the £1 is further away. Me and the missus are thinking of topping up in EMED before they go into double figures. We have 100k of them (at an average of less than 7p), which is big investment for us and we also are very heavy into CEY, perhaps too heavy. Am very bullish about EMED indeed at the moment and I think there will be a great opportunity to take some big profit in them soon and buy back in lower. GL