Member Info for HOLEEFOOK

The deadline from the Lesotho must be up by now.Surely the Co will have to tell us if Lemphane has had its licence revoked as effectively the co will be finished.It will be a disgrace if we have to learn via the Lesotho Times or some other article.This lack of information is very worrying and I do not hold out much hope now.I see the guys on ADVFN are getting very negative also.I think we need a miracle now.For someone who was meant to care so much about shareholders and preserving value PM has a strange way of showing it.Such a let down.GLA

It is good to share concerns/any info etc.It is some comfort to know that there are a lot of people in the same worrying situation.The longer this goes on the less chance of any good outcome I would think.According to the Lesotho Times the deadline should be up so we could hear something soon.I must say I fear the worse now but really,really hope I am proved wrong.GLA

Hi confounded, Thanks for the update.I assume it was a general 'still confident' type email rather than any specific detail.But at least it shows some little hope.It would be a good idea if they updated the website sometimes! Let's pray for a miracle!....GLA

Have not tried ringing yet,but no reply to emails.Not aware of anyone else getting anywhere either.To be honest given the current carnage in the markets/negativity about the world economy its hard believe we have any chance of pulling this off.If the story in the Lesotho Times is true then the deadline must be up now/very soon.The way it is going we will likely learn our fate from the Lesotho Times rather than the co.I am convinced we will be wiped out here now.On top of all the other massive losses, this will be the final blow.What a nightmare!! GLA we sure need it.

https://uk.finance.yahoo.com/news/china-oil-giant-targets-first-095924551.html Lets hope more follow suit,with co-operation the Poo would be up in no time stabilising the world economy.We need something to happen and fast!! GLA

alexia93 I am not sure you have seen this story.That is what prompted further discussion/concern as it seems an important but not good development.http://lestimes.com/ultimatum-for-diamond-mine/ Yes AIM and even any share has some risk but I don't think anyone saw how risky this could be, given the credentials/convincing plans that PM had.GLA

You are right Johnny! However if the Gov't are in such dire straits and PM is serious about having funding, then are they really in a position to throw away such a good offer. There would not be many/any other takers so they would be mad to refuse.That said it sounds a mad place.Maybe PM underestimated how African countries operate as well as how hard funding would be.It may just come down to a good old fashioned 'Bung'.I really fear the worst for this but really need it to come good like we all do.PM somehow made investing in an African diamond mine 'safe' but it clearly was not. [That said GEMD seem to do ok there] GLA

http://lestimes.com/lesothos-2016-economic-outlook-bleak/ Just read this,gives an idea of the sort of chaotic place they are dealing with.[Although they should have known that for a long time] so you can imagine nothing is easy.You can also see someone might be reluctant to transfer $12m into a bank there! It is interesting that our pot 2 mines are mentioned saying he[Minister] is determined to get them in production.Seems pressure being put on the minister hence the sudden ultimatum.Not sure if any help to us but gives an insight as to why nothing straight forward..GLA

Hi Guitarsolo, that is a good email but as you say not sure if will reply.It is getting very worrying and with no news it is only natural to fear the worse.These boards can be quite effective to keep in touch/share any info etc.Without news its hard to know what any next step would be if any.Unfortunately if they do go into admin/liquidation it is unlikely we would see anything action group or not .Afren still have a shareholder action group but even there the debts far exceeded the assets so very unlikely shareholders will see anything even if win a legal challenge.Not sure if anyone else has any ideas.This really is a sorry mess and financial worry for us all.GLA

http://www.cnbc.com/2016/01/13/invest-now-diamond-producers-get-thumbs-up.html Bit more optimistic outlook for diamonds although is hard to believe in the current conditions.Meanwhile all we can do is wait and pray!!.GLA

Back to square one again!! Unyet they say diamond prices are/were improving http://www.cnbc.com/2016/01/13/invest-now-diamond-producers-get-thumbs-up.html GLA

Hi Guys, good to read all your comments and theories.It helps to know there are others in the same situation,and to talk things through.I think what makes it worse is this has come at such a bad time,having took massive hits on other shares already.It is hard to be anything but pessimistic in these difficult times.I fear what tomorrow will bring for the markets.With regard to this it all really comes down to if PM actually has the funding or not.If he has I am sure a deal could be done...but it is a big if!! .Johnny my portfolio is probably worse than yours!! I was hoping this share would save me but it has turned out another nightmare!! GLA we sure need it.

Hi BB pleased you can see some positive in this situation.My fist reaction and even now is less optimistic.It all really rests on if they have got the finance in the bank and not just another 'offer'. If they really have the money they only have to transfer it to their Lesotho account maybe then the Gov't will take them seriously and negotiate. PM has implied the finance was in the bag many times but it obviously never was.I really want this to come good for all of us but given past history and market conditions it may be best to fear the worst.We need a miracle! GLA

This does not look good at all.It certainly paints a different picture to PM'S usual confidence and optimism. Of course it is a terrible time for commodities and markets in general,but when he first started all this things were much better, and there is no excuse.We can clearly see now why the Nomad resigned it is a disgrace how we have all been took for mugs.I think it would be a miracle now if we ever see anything from this.If we lose Lemphane we have nothing, so not even assets to divi up.At least it won't be a long drawn out death,expect the final blow soon.Such a let down.

https://uk.finance.yahoo.com/news/glimmers-hope-oil-russia-poised-211514486.html This sounds promising.GLA

May give us a little boost if they haven't lost all their money in the stock market [like us!!] Shame we seem to have retraced from that recent big jump.This share moves very quickly both ways!!! GLA

Apart from the ongoing finance issue we also have to remember the £500k loan which was extended to 30/5/16.This was convertible to shares but with no listing that is a problem.Also have they funds to keep solvent whilst still sorting finance.I really want to believe in a happy ending here and have much at stake,but the longer it goes on the more worrying it is.At least if the markets settle a bit and sentiment particularly on China improves we may have more chance.Diamonds must be a better investment than oil surely![don't mention oil!!] I don't have many shirts left to lose! GLA.

Was playing up earlier thought it had been pulled.Remember if/when it goes we can continue on General chat under Paragon Diamonds Shareholders.Some posted there already.GLA

Just found this on diamond prices,may help us a bit.Might explain why GEMD/PDL jumped over xmas.Mind you in this latest market carnage nothing good seems to last, and no doubt getting funding now will not be easy.http://www.businesswire.com/news/home/20160105005723/en/Rapaport-Press-Release-Polished-Diamond-Prices-Increase All we can do is wait here and watch our other shareS lose a fortune!!!. I will never moan about 1% interest in the bank again .It sure beats losing about 90-100% on some shares!! GLA

This may explain why GEMD jumped recently. http://www.businesswire.com/news/home/20160105005723/en/Rapaport-Press-Release-Polished-Diamond-Prices-Increase Whether it can hold up in all the general carnage remains to be seen.GLA