Member Info for jeffa

And just to add, I'm still wondering what this £500,000 was all about...what share buy back?

Shareprophets snippet view and questions. So what next? Well, the lender of the £638,750 looks set to be able to call a default and then the question of whether the loan was secured or not comes up. We were not told whether it was or was not. Bearing in mind the propensity of AIM companies only to pass on only the good news one might be minded to suspect that the loan was indeed secured - and if that is the case shareholders will want to know what on. Could the company be about to lose its one diamond project? Even if not, if the lender calls a default then in the absence of one of the three funding packages announced this year resulting in the company receiving some of the $53 million it has previously announced, Paragon seem set for a trip to the corporate knackers' yard and then its assets would be up for sale by the administrators. It looks grim for shareholders and one can only have sympathy. And so back to the question posed at the beginning: why did Northland resign? And why now? Where are those funding packages totalling $53 million announced this year? Who is the mystery lender involved in the convertible £638,750 loan? And what on earth was the company doing spending the best part of £2 million on a share buy-back with all the risk that being a resources explorer/developer entails? I think we should be told.

Appreciate that, Quindell.

Small amount of working capital for what? To pay PM and his cronies for another month or two? The funding for both sites is obviously dead.

No coming back from this....it is the end. Sorry to all holders, I've been hit hard on this one.

The end?

The end?

Sen, I like your optimism. Going by PMs' previous upbeat, crossing the T's and dotting the I's, away from completion, type RNS's, to a RNS that states a suspension due to no funding, suggests things are not going well. As much as I'm hoping for a Peckham Spring type the miracle, In my mind, I've decided to write the money off. May be you should try it. If it does come good think of the joy!..

Would to know if he has insulated himself from any PRG losses.... Wouldn't be surprised.

The PI is going to get shafted...isn't that what normally happens in these situation?... No money, no chance, on aim.

........Just adds to the uncertainty

@WrightmanAIM: @Lee_Trades I just spoke to the CFO, they called the suspension to allow them to negotiate deal. Absolutely no guarantees though.

@WrightmanAIM: @Lee_Trades I just spoke to the CFO, they called the suspension to allow them to negotiate deal. Absolutely no guarantees though.

Their hands look tied....having to suspend the shares due to no money...hardly a bargaining tool.

Their hands look tied....having to suspend the shares due to no money...hardly a bargaining tool.

Well that looks like that....a total cock up.

is this a re-rating by the market before we hear any comfirmatoin of news?. Back ground stuff going on for sure. Good to see the rise, but very baffling.

Really, Suth? Got a number? I've just purchased 212000 at 4.594. Yet to show up.

are you a holder of PRG?

PM, specifically said the £500.000 was for share price volatility, whilst also saying PRG should be at 30mil Mcap/double digit sp. Makes one think the share dilution price is going to be at under 5p. Otherwise, why not start supporting the share price?