Member Info for hl83

Chaiwala means 'teaboy' in Hindi, and I wouldn't recommend one as source of sound financial advice

Must admit things were looking pretty dire here, but seems to have convincingly turned a corner. Hopefully it's not premature but well done to those who held on.

Btw is there any consensus on how to pronounce 'Woodbois'? I was talking to a friend about it the other day and found myself struggling to pronounce it. Would you go with 'Wood-boys' or 'Wood-bwa'???

Spoilage happens. Might have been the last knackered one from the bottom of the pallet

I just wanted to say how refreshing it is to read a discussion board where actual discussions take place, without all the usual garbage. This is actually worth reading and I appreciate it.

Scrapping VAT on home efficiency products should provide a decent boost to revenues

I just had the corporate action document from Barclays, and it states that if I keep my holding it will be restricted and I will not be able to sell. Alternatively if I chose to keep my holding, they will provide further information in due course. But the deadline to sell is Wednesday.
Mads - have you heard anything else from them via your friend? Will they transfer the holding to another broker who will let us trade them on TSX?

No I'm sure it is as you said, Hunt will be on a loss and the shares won't magically ping up to the offer price once the deal is done. That was purely wishful thinking on my part, but I recently believed that was the case.

Yup that's basically what I thought would happen, couldn't understand why no one was taking up the offer of free money! But it seems there is no such thing sadly. At least not in my world.

GLA

Can't understand the fall in the share price considering the offered price per share, am I missing something? I was considering loading up on shares to take advantage but doesn't seem like others have the same idea. Does anyone see reasons not to load up now and sell on the day?

Thanks for the info mads. My documents have yet to arrive, seems like it helps to have a friend at Barclays!

I guess they still have office, maintenance and security staff still on the books, but 90 employees does sound like a lot. Even if they are still exploring and drilling in Calcatreu.
Also it would worry me if PGD's management got to stay on, given their past performance. Is there any indication in the paperwork of who will make up the board of the new entity?

Hightrack, you can copy and paste the following into a message or email to HSBC.

"Hello

Patagonia Gold (PGD.L) has received a reverse takeover offer from Hunt Mining Corp (HMX.V) which is listed on TSX-V. If the offer is accepted, which is expected, then I will be given new shares in the combined entity (PGDC.V) which will be listed on TSX-V.

Details of the offer can be found here: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=PGD&ArticleCode=scgy9r3a&ArticleHeadline=Offer_for_Patagonia_Gold_plc_by_Hunt_Mining_Corp

Please let know if I will be able to hold and eventually sell the new shares through my account."

Also feel free to post their reply here if you need advice.

Thanks, I hope so. I tried to post it here as well but LSE was down for a while yesterday.

Where will we all go if LSE takes down this page once we are delisted??? A Canadian discussion board??

Thanks mads that is encouraging. I'm also with Barclays, they said something similar to me but put me on hold to check with the corporate actions team, and when they came back said that they would need to confirm once they had seen details of the official notification. Hopefully we will be fine though.
According to kirk6 on the other place, IG and Plus both facilitate a switch to TSX.
However my advice to anyone would be to DYOR and check with your broker.
Haven't had a chance to check out Hunt Mining, does anyone know much about them?

It works out as 72.7p
I just called my broker to see if I will be able to sell the shares once listed on TSX, but they said until the corporate action is officially announced they can't say for sure.
Has anyone spoken to their broker regarding this?
The offer seems fair but what happens if we can't sell after the new listing??

They said it was put on care and maintenance due to costs exceeding revenues, so if the gold price improves it may become a viable operation again. Plus they are still looking at how to get to the high-grade deposits beneath the open-pit, which is presumably viable at the current gold price.

You haven't missed anything Dj, as usual they are treating shareholders like mushrooms ie. keep them in the dark and feed them shit

I invested £15k in this over the years, now worth a paltry £700.

7 years of supporting this company and this is the reward. What a fucking disaster.

Is there any chance of successfully suing these crooks for negligence and misleading behaviour? Not that I can afford to hire a solicitor now of course.

Sioxford, what does your pal AOW think of all of this? It is largely due to his bullishness 7 years ago that I am in this mess.

Kensington's unsubstantiated post about the takeover rumour has been removed. Go figure. DYOR