Tim Watts, CFO at Shield Therapeutics #STX presenting at our Life Sciences Investor Briefing Watch Now
What should we make of the clause regarding negotiating directly with the Government of Lesotho?===================================
We should deduct that PRG Board is full of empty words. How are they going to negotiate something that is another company license, and with no money in the pockets ????????
At best it would be very unprofessional.
After this statement you can be sure that Lucara is NOT going to give us Mothae at any price.....
I like you optimism guys but for me this late RNS, show how much PRG cares about we Pi.....
After what we were lead to believe from PM, and then the disappointment now of been on the verge of loosing all our cash, this board has the arrogance to come out with such a pathetic excuses?
They lost Mothae because they couldn't find as little as $6 millions ?
.....and then this story about dilution or not, is a big joke......either a company as the cash or doesn't.
If a company as the cash it as an asset, if a company doesn't have the cash, it needs to borrow, and actually the cheapest borrowing exercise is issuing shares.
Until a company doesn't make a profit there is no dilution in my book.
I smell a rat big time.
I think we should start to think in terms of initiating a Litigation against PRG and in particular PM.
Above link is an example of what the terms of a loan should look like....
KDL is a very similar company than PRG....
Further to the above $10 mil loan, KDL received another two trances of $3 mil plus.
It looks to me that for decent diamond project is not too difficult to find money, as I said before
some individual for out double that money for one single diamond......
If we don't get any finance and PTG will be delisted, with us consequently loosing all our had earned cash,
I will put it down to PM fault.
I would be guilty to mislead the market, in presenting financing as a done deal, and guilty of incompetence
in not been able to rise finance, in this particular market with zero interest rate, and QE.
Many company out there are surviving with a net debit double the asset they own and we apparently are having problem to finance a sound diamond mine project ?????????????
I don't believe that.
Its Armageddon out there and jet, the only two shares I own out of a list of 20, are up.
A admittedly one is PRG that at the time of suspension got stuck at 3,98p or 2% up, the other is RLD
which I would advise you to buy some DYOR.
Its really scare out there, many company sp are decimated because of massive debit on balance sheet and commodity prices spiraling downwards, AAL is a classic example.
Given the current financial market dynamics, PRG would sit in a nice place (once we find finance) we would emerge with no debit and 2 mining project in diamond.
In case though, that we are robbed of our shares in Prg. I suppose that this investor board will cease to exist.
This wouldn't be a good thing for us Pi. I am thinking if we needed to start and action against PRG Board we would be better to do it in large number.
Any idea how to keep in contact, in the possibility that PRG will be delisted?
....we would still own the shares of a company that has lost all its prospective assets.
I will be very interested to find out what will happen to those 2 "mine to be" assets in the future.....
if we are going to lose it all.
I still find it difficult to believe that we couldn't find a financier.
Especially in the case of Mothae, the mine had already some infrastructures work done, grades and production was already proven, and there was the potential to find some large stones that would defy recen diamond price weaknesses.
With all the QE and new billionaires around what is 10/15 million $ ??
Some people pay double treble that amount for one single diamond.....
this is why I smell a rat in the hose.
K168. Titanium cop. Could just be an entity set up for tax avoidance behind of which we find PM. The web site you have to admit does look very doggy. Anyway apparently it is located at 89 New Bond st. I may pay a visit......any more/ better information's are welcomed.
watch this video....he seems to know EVERYTHING about finance and the economy
I found it difficult to believe that a man with so many connections and so much in the know, has problems to find fiances, especially for two diamond project so compelling.
I mean for F--- sake, the Mothae Mine has even some mining infrastructures in place for a prompt start up production.
On another note, not long ago I raised the question of what happened, to the revenue made out of the sale of a sample diamond parcel, that PRG made 1 o 2 years ago, and that was never showed in PRG accounts.
I was surprised by disinterested answers of some of you here.....like hey don't worry I am SURE that the money are there somewhere, etc etc.
Till now thought I am still doubtful, (even if it a matter of $1000) that we will know what happened to that money.
Check this company KDL Kimberly Diamonds Australia,
similar mining operation, not long ago they found more than $10 millions in a blink of an eye, to finance a mining start up....
The FCA have no record for controlled functions associated with this firm or individual
...maybe soon they will need to have some records.
....How ironic would be if PRG is taken away from PI, but NOT because of PM fault or funding not been available but because the broker resignations.......a case of bad timing hey??
Philip Falzon Sant Manduca was the company director of Titanium Capital Services Limited. He is now likely retired as there is no record of his involvment with an active company.
Philip Manduca has had a total of 6 company appointments in his career.
...and more info on PM
2 Ennismore Gardens
London SW7 1JD
Titanium Capital Partners Limited was registered on 08 Jun 2012. The business has a status listed as "Dissolved" and it had one director directors at the time it closed. The company's first director was Mr Philip Falzon Sant Manduca. Titanium Capital Partners Limited has no subsidiaries.==============
listed as dissolved ???????
K168...definitely an optimist.
I wish it was this Titanium Capital..
but the one you just posted looks a web page that even a 5 years old child could do better, this goes some way to represent the image and professionalism of a company and some individuals..........
No wonder they can't find finance......if that is the real story of course.
I am so worry that some doggy businesses are dealt behind pi back, it wouldn't be the first time.
In the eventuality that we are robbed of our shares, does anyone know what to do to start a proper investigation, for wrong doing ?????
This what I found about TC
89 New Bond Street
hopefully I doubt GEM will make an offer, otherwise they would have not sold RLD shares some months ago.
About minimize costing and expenditures, I definitely prefer RLD been managed by current Board, then by some GEM Directors, which proved that once with a bit of cash in hands, they are able to squander it easily....Faberge comes to mind.
Looking at Rld from another angle, once production and market price has been established, we have some 100 million Crts. resources for 30% license explored, plus 2 new licenses.
At current market capital we are valued at 10p x Crt, without considering further explorations..
This is all speculation......
but by looking at the price x Crt from our and many other web site, I find it difficult to reconcile the $14.30 X Crt achieved with first parcel sale, and the market price for quality cut gems.....
I know the comparison is not like for like, but it seems to me that there is too much difference from $ 14.30 for rough and $ 300 up to $1000 for cut stones.
Is it maybe the case that Crt 1200 sold with first parcel, was indeed a special low price offered to potential buyers??
I know is just speculation but a the back of our mind, i am sure most of us have tried to calculate RLD profitability going forward.
So here I am doing some back of fag packet calculations, just to have your opinion and stimulate debate.
Previous miner Australis achieved 23grams x Tone, assuming we replicate that we have 30% of high quality gems and 70% of lower. This is because Rld already produced 7grams x Tone of gems above 4mm.
We have to assume that 8 million Carats per year will be achieved.
Current production is 400000 x quarter and increasing, for quality stones at 30% total production, we get 2.4 million Carats, or 600000 Crt x quarter.
So we can use the $1.5 x Crt for lower quality, for a total of 5.6 million Crt and (and this is the big unknown) I would guess that $10 x Crt for the remaining 2.4 million Crt is achievable.....
If this is the case we should get $ 32.4 millions x year
..also if in September we achieved half of 156000 Crt, and in the following 2 month we have achieve more than 250000 Crt, it seems that at the moment we can produce at least some 130000 Crt per month of quality stones.
Very pleased with the management, truly professionals people.
400000 Crt is on the card for this quarter....