Member Info for HOLEEFOOK

Yes it is strange.You can only assume after all the previous publicity/hype that never amounted to anything PM is reluctant to be under too much scrutiny from the press etc. The worrying thing is, if it was really great news you would think he would want publicity,but who knows.We will just have to wait and see .GLA p,s Thanks CS for the latest circular, it was very informative/interesting.

Surprised this managed to hold up in today's carnage.In times of financial crisis investment grade diamonds are seen as a good investment/store of wealth like gold I assume.Plus this is a strong company with cash in hand and no debt. Wish I had more in here instead all my other bombed out shares!!! GLA

Although I can see confounded's concerns,cleversheep and alexia have addressed them perfectly.Until we hear what PM has to say we do not even know what situation we are dealing with.PM may have made mistakes/been overly confident etc.but by having this meeting hopefully he is trying to address that.We all want the same thing[PM included] , for the company to survive/ succeed and for our investments to be preserved.The irony is in these terrible market conditions investment grade diamonds maybe one of the only things of any value,If PM can/has convinced someone to invest in getting them it could still come good.But a big if.The Shareholder Asc.can only be a good thing and I am happy to be part of it.GLA

Having received our first circular email I can say it was very informative and I can see how the group could help our cause.It also makes this stressful situation a bit better knowing there are others in the same boat.I can strongly recommend anyone who has not joined yet to do so.The more members we have more influence we may have. Thank you clever sheep for organising this.GLA

http://www.diamonds.net/News/NewsItem.aspx?ArticleID=54474&ArticleTitle=Rough%2bMarket%2bEnthusiasm%2b

http://www.diamonds.net/News/NewsItem.aspx?ArticleI D=54474&ArticleTitle=Rough%2bMarket%2bEnthusiasm%2b Maybe starting to improve for diamond prices/sentiment.Dividend paying/ strong company one day it's true value will be reflected.GLA

http://www.diamonds.net/News/NewsItem.aspx?ArticleID=54474&ArticleTitle=Rough%2bMarket%2bEnthusiasm%2b Hopefully the outlook/sentiment for diamonds is improving.Lets hope PM has a nice surprise for us.GLA

Hi clever sheep , yes but they would be less willing with no easy way of exiting the investment.But I suppose if it was to prevent the co going under and losing all our investment they would be more likely to raise some.That would be a difficult situation to put us in.It is very hard to speculate what will be said but unfortunately you could be right.

K168 that is a good point about the funding from PI's but I do not see how it would be done, or took up if the Co is not listed. Obviously it would take funding to re-list so it would be a catch 22 situation.I suspect it will be more along the lines of still trying to finalise financing etc.But they will have to say if there was any truth in the Lesotho Times story that said they were to lose Lemphane if had not deposited funds in Lesotho.Also they would need to clarify if they can remain solvent prior to funding,and what the deal is with the £500k loan.It will certainly be interesting but maybe not exactly what we want to hear.As said prev if it was excellent or terrible news unlikely they would have a meeting! GLA

Yes it is great to see this news,I had almost gave up hope altogether.But we still do not know what will be said.As stated if it was really bad they would not have a meeting,but just announce our fate.However if it was decisive good news i.e' We have funding it is all going ahead' then why have a meeting, an announcement would keep all happy.I suspect will be more what they hope to achieve still, rather than what have.Whatever it is good news as gives some hope.With regards to not having share certificates they hopefully would accept a screen shot of trading accounts showing the shares.GLA

It is true, see their website for details of the meeting.Maybe all is not lost just yet.If it was bad news surely they would not have a meeting,would just announce it.Odd day to have it on a Sunday 4pm 28th Feb. GLA

Hi TraderQ, probably showing my age but not familiar with WhatsApp and hence how it can be of benefit.To be honest I think the only thing that will benefit us is a Miracle!!! .The problem is any sort of action group needs to be in contact with the company, but at the moment no one is getting any response.Also as we are completely in the dark as to what is going on,so it is hard to know what we are fighting for/against.How ever awful it is, it seems all we can do is wait for news-good or bad.Best probably to prepare for bad.It is still hard to believe how we ended up in this situation,given all PM's grand talk of numerous finance deals we supposedly had in the bag!!.Disgraceful... GLA

Me too-nothing.I suppose because we are not listed they are no longer regulated.Whereas before they would be legally bound to inform the market of anything of significance.But if they cared anything for shareholders they should keep us informed regardless of if they have to.It is ironic that before this went bad PM was everywhere going on about diamonds/this finance deal/that finance deal and now dead silence.It seems all he said was BS anyway.You could read it they do not want to say anything until definite this time,or they are just avoiding us as it is looking bad.Either way it is a disgrace how we have been misled/treated.GLA we sure need it.

is likely bad news,but who knows.You would of thought if it was official they had lost the licence at Lemphane it would of been reported somewhere, even if not reported by the company.Maybe I am just grasping at straws.Another thing is I wonder who gave the last loan for £500k [Who latter extended the deadline] as they must surely be sweating on it. Someone said previously it was unsecured but even secured would be no good if we have no assets left!!.Maybe that loan was really from PM/Titanium as seemed very flexible.A lot more discussion on ADVFN but still no news anywhere .GLA I don't believe in miracles but unfortunately we need one!!

Was very good given the current economic climate unyet hardly moved the price.Cash in the bank,no debt and dividend to be paid.Finn Cap say buy -target price £2.70 LOL[when is that 2020!!] Still I wish I had a lot more in this rather than the disaster that is PRG!! [and so many other shares at the moment] GLA

Hi cenzo, I actually have far more invested in this than I can afford to lose, but am just trying to prepare myself for the worst .We all must be prepared for the worst but hope/pray for the best.As you say, as long as the company exists and we have not been told it is all over there is still a chance.I am sure we all regret now being so heavily invested in this share but PM was so convincing,he made it seem there was no/very little risk.If this goes down the pan we were all badly misled and let down.GLA

My understanding from the previous ultimatum article was the $12m had to be put in Paragon's account in Lesotho to prove they have finance to start developing the mine.I maybe wrong about that.Either way it all comes down to if they really have finance.This latest email implies they do not.As you say cenzo nothing is straightforward or clear but I must say it does not look good.I really need this to come good like we all do but it is hard to be optimistic.This total silence from PM is very worrying and suggests there is no good news.I am sure if finance was obtained we would have been told .GLA we sure need it.

Thanks for sharing that Johnny,as you say it sounds like more bad news and confirming what we all feared.It does not specify revoking the Lemphane but we can assume with no funds that will follow.I would like to know if PM ever intends to inform us of the current situation,or if we will just learn by some other source that it is game over.For someone who was meant to be concerned about shareholders and preserving company value, he has done a good job of destroying us.It is a disgrace how this has played out even in these hard times there were many opportunities to avoid this.We must prepare for the worst, and pray for a miracle.GLA

Maybe singing soon if the Lesotho Times deadline really means anything.Matt I tend to agree it is best to expect the worst and not get false hopes up [Even though I will be badly hit] The irony/tragedy of this is that if PM had of done a placing when the price was high[remember even touched 7p briefly last year] and with all the euphoria around the share they could have raised at least enough to get started.A greatly diluted working co would be far better than one on the verge of liquidation.It would of shown confidence to raise any additional finance.The fact he tried so hard to preserve value does make you think he cared about shareholders but it's hard to see now.We shall see.GLA

If this goes down the pan, as seems quite likely, we should remember how convincing PM was.Now I think what was I doing investing so much in such a risky co.But when you re-read this article you can see how we was all drawn in.Also you can't help thinking if all that is true he must be worth millions in his own right.If he is that convinced of the investment you would think he could find the money somehow! http://moneyweek.com/philip-manduca-forget-gold-diamonds-are-the-best-store-of-value/ GLA We were not fools, just misled if this goes down.