Member Info for fiveeights

Your second one is a seductive question for suffering shareholders but surely one should only be concerned with what interest he has received in excess of what would have been levied on commercial terms by a third party. Whatever the total amount it must certainly be significantly less than his paper loss. The lion's share of his debt has now been converted and some repaid. Whatever charges you want to level at him (as I have done on a number of occasions) one thing you cannot say is that his interests are not aligned with the rest of us.

Some very interesting comments on Paraguay in today's interview. From memory he said probably not announcement before Christmas but he wouldn't rule that out, advanced stages i think he said 'not over 'til the fat lady sings' . He also said he wouldn't recommend people to invest purely on Paraguay. To me he is sounding more and more confident on doing a deal on Paraguay. I would suggest people listen to the interview (it's at the end prompted by a question what else can investors expect)

I don't think 'advanced talks' is reflected in the price. What price following confirmation of an agreement on farm in? It would shift PPC in terms of perception and attraction for investors.

grsshaw - Where are JBER now?

You have to admire Peter’s twitter post. Absolute belter

Most of those on the list are not II but nominee accounts for PI. Amazed anyone thinks Hargreaves Lan own 5% in their own name.

For the life of me I don't see why they announced on Paraguay. There was no obligation upon them to do so. They should announce when an agreement has been reached. Now if talks fail they either tell us that bad news thus further damaging their credibility. What is the benefit of revealing this rather than informing on any confirmation. Seems desperate or ill judged PR. .... and yes I certainly do want them to do the deal in Paraguay but question the wisdom of another "here's what you could've won" update

One shareholder is having a Lambo party and it ain't Northern Magic!

Anyone hazard a guess at how much interest has been paid out by PPC over the last 5 years. Then express that as a % of current mcap.

Rob Shepherd clearly not in possession of the midas touch when it comes to these presentations. Recall the price falling after his last attempt. I've not listened or watched BTW

so what - they have no axe to grind with Schroders. In fact their selling has helped to give Trafi a lower entry price. Clearly if Schroders were no longer selling then that would be a benefit.

Agreed but if i was them and on the assumption they had stopped large scale stake building then the return on an extra £1m - £2m in the market would make a large impact. I don't ever recal PL buying in the market during 2017 18. Cant remember that at all

The shares are tightly held with a large proportion in the hands of trafi, PL and a few others. Free float is relatively small albeit we suspect there may be an overhang in the open market. Come 23 June Trafi will hold up to what 20% of the stock. If I was the investment manager at Trafi able to leverage their balance sheet it would strike me as an easy way to generate a significant ROI by dipping into the open market to mop up the overhang. What would £1m buys in the open Do to the share price? Probably take it back beyond 2 or 3p. Strikes me as the best way for them to now amplify their value position.

I am really pleased with the Paraguay news although it's an odd release and a bit of "here's what we could have won". Any speculation on who the foreign National Oil Company might be? Anything on that front moves the game on considerably. Still don't think it is the major attraction for Trafigura

I share your frustration at those rates of interest.

He would also lose a substantial personal fortune were he to sell anywhere close to these levels. That won't appeal to him

Also on the call he was very clear on not taking the company private. Whilst acknowledging he flirted with the idea previously he didn't give an indication that this was on anyone's radar.

Listened to the conf call on today. One of the last few questions was on plans for Paraguay. I detected a downgrading of importance to their plans. PL said words to the effect of it's still there and we still recognise it as an asset . Hardly a rallying cry for imminent action . Although Trafigura could fund the entire Paraguay drill out of its stationary budget, I would imagine that they are more interested in the Argentina operations than they are on a new dalliance with Paraguay. Just a thought but I suspect the Trafi deal kicks Paraguay further into the long grass.

not a massively high bar

To be clear I am no longer a holder but re looking to be back in. To all of you jumping up and down about certain posters trading the share i would just say ......aren't we all doing that in our own ways