Member Info for madsktpan

I notice spot price been surging north this year (albeit from a low base) and the forecast for 2020 and beyond is very upbeat.

Maybe we might see some value in our Lamaune Iron Inc shares after all this time?? When was that deal done? About 8-10 years ago??? How time flies when you're having fun and making money on your investments!!

I was thinking more along the lines of PGD losing over 96% of its value to investors since it launched on AIM.

Now $1415.

Yet again PGD share price bears no correlation to PoG performance.
Now 38p to sell - exactly halve price Hunt have apparently paid.
Won't be sorry to back of AIM - seems to me for every winning stock there's 100 you lose your shirt on.
There can surely to no logical justification why the sp has lost such a huge chunk of its value.

That was the aim too with previous announced programmes.

It's all about 'potential'.

Hence why I am ever hopeful someone will take a punt to table a takeover. Seems to me a far less attractive proposition to any JV partner - given the huge amount of upfront investment needed to construct the mine. Especially given the level of uncertainty of true potential (as matters stand at the mo). Not sure this current programme is going to guarantee JL is a multi-million oz project. But will just improve the odds slightly that it is.

Bid price has moved north twice today. Or at least it has done so on my ADVFN monitor.

Seems odd if shares are suspended on TSXV (and I'm not doubting they are).

PGD & HMX should be good for each other as they both arguably need each other (for different reasons). Let's hope 2 companies merging doesn't mean double the overheads and double the liabilities etc.

PGD shares which is almost effectively same as buying HMX stock. As both will merge under same ticker when deal is ratified.
If you think there's 'free money' to be had.

No?

Didn't know Hunt shares were suspended. But makes sense I guess (surprised PGD haven't done the same!!). And explains lack of trades with HMX. Although why does the Offer price keep on changing daily?? Which it does on my ADVFN monitor with HMX.

Are you thinking shares in the new Co will be circa 72p when the deal is ratified & they start trading on TSX?

Not so sure that's how it works. More likely to be a case of the Hunt boys sitting on a huge paper loss on Day 1.

Hope I'm wrong.

Hunt share price continues to be in hibernation. Don't think there's been a single trade in their shares since deal with PGD announced. And their sp was already on the floor.

Morning UR

I'd use the word 'just' rather than 'already' to be more accurate. Get the feeling this programme wasn't in the planning when they announced the PEA. Looks more like a case of needs must.

Still find it hard to believe whatever extra they find over next 4-5 months is going to sway a JV partner to fork out near £100 million to get to mine construction stage (surely LND won't be able to raise any significant funds like £50 million).

I'm still hoping one of the big boys is involved but need more convincing over BAM's extended potential before they table a formal bid.

It would be relevant if it was a 3rd party BUYER involved in any possible takeover trying to acquire stock on the open market.

It would relevant if it was a SELLER and the significant stock was only going to be held by MMs thus creating a massive hangover of stock.

just published from yesterday.

As always, hard to tell for certain if it was a buy or a sell. Could make a case either way.

one important piece of info was missing from latest RNS....... when does the drilling start?.......... and what Qtr are the results expected to be made available?

Schedules they've been keen to highlight in the past. But not this time. Hmmmmm.

Actually it does say. Page 19.
CvT will remain CEO of new Company. CM and CLS will stay too.
GT & MdeP will leave. With compensation for all their hard work & success they have brought for shareholders.

I couldn't see owt hl83. There's only currently CvT that's an exec Director. The rest are all part-time non-execs. I suspect they'll all stay on. Now we know why they never replaced the longstanding COO (Matt Boyes).

Looks like it's all about Hunt's Martha processing plant currently operating under-capacity being able to do something to make Cap O profitable and with the cash flow generated they then use that to fund Calcatreu.

Had to roll my eyes in suspicion about the reason given why TSX and not AIM saying that it is difficult to attract & retain interest in activities and as a result there's low trading volumes. From what I can see Hunt shares price is on the floor and no shares traded in past 7 days. Not a single one.

Hi - you really need to speak to HSBC. Not listen only to any advice on BBs. I hold certificated shares so I'm confident I am not affected as long as they send me replacement certificates (which there will be BIG trouble if they don't LOL).

I received all the paperwork for the Scheme of Arrangement through the letter box this morning. FWIW am sure they are not out to shaft you. Well, not entirely anyway.

Am still recovering from the shock that PGD say in the paperwork they have 90 employees based in Argentina. I honestly thought they were down to the CEO and a skeleton staff. ***k me - what have 90 employees been doing for past 6-9 months???? Certainly hasn't been producing any gold or any revenue. No wonder the cash burn has been off the scale over the years. Must be £250 million by now.

Unfortunately I've had more than my fill of delisted companies.

The PGD thread on ADVFN will stay for ever. Regardless of the length of time delisted. They definitely won't take it down. It'll probably stay here too on LSE. But in both cases only under the present ticker PGD.

Not sure if either PGDC or HMX will appear as a new thread on either site. Maybe more likely on ADVFN. You'll certainly be able to put PGDC onto your monitor with ADVFN to watch it soar back to £70. If only.

Just seen your post on ADVFN about Barclays.

I should have added to my original comment that I hold certificated shares. The person I spoke to at Barclays was a friend who works for Barclays Stockbrokers in God' country.. Cuts out having any difficulty making yourself understood to a call centre in India.

Good info/advice you posted. Even though I don't think/hope it impacts on me.

The issue(s) I have here with a JV is:-

1. Someone somewhere still has to find near £100 million smackers to get the show on the road. That's serious chunky CAPEX for a JV partner to cough up. If LND have to contribute even a small % for their own basic working capital purposes, then it's still massive dilution to the LND sp.

2. Do H&P really want all the hassle being involved in an ongoing JV partnership?? Their combined ages are over 150 and both retired 6-7 years ago from PGD which were their main directorships. H must be very close to 80 by now.

3. If they enter into a JV........ then what about all the other fairly advanced projects they used to shout loud from the roof tops about?? The iron ore? the nickel? the copper? the lithium? the palladium? the platinum? Who remembers 'scorpion' that used to be rammed down our throats for years & years???

I'm still wearing my rose tinted specs and liking to believe they are really only trying to flog the entire company. And that a seriously interested party still needs more convincing that BAM is a multi-million ozs project. And are keeping their powder dry until they receive confirmation by way of additional technical data.

It'd be suicide for LND to infer they are only looking to sell. Hence the JV references imho.

The girls down Madame Una's don't argue with my logic!!! But are staying tight-lipped. For now.

They would have HAD to invest in the fundraising. Standard practice & normal condition attached. NOT especially a vote of any confidence or anything else. They only invested circa £10k. Peanuts compared to what they've trousered out of this over the many years.

They alluded to possible JV back in 2007 (and several occasions thereafter).

Barrick & Huimphries/Prickett have history with PGD. Barrick bailed PGD out of a HUGE hole about 10 years ago.

I'd buy the notion that a deal HAS been on the table over the past couple of months. It makes sense why the radio silence + late AR & accounts + seeming quickly organised Placement for only a 6 months work capital cover. But there's various reasons why the JV negotiations haven't as yet come to owt. LND asking/expecting too much? Offer too cheap? You pays your money, you takes your choice on that.

Sorry to sound all negative but I still have this fear that a JV will do very little for the share price for at least 2-3 years. Humphries & Prickett took PGD to production on more than one mine but the sp still lost 90% of value as they could not produce the gold profitably. The gold at BAM is pretty lowish grade. I'm no expert but to me the economics of the BAM/PEA didn't look that special. What does look potentially exciting is the BAM becoming a multi million oz project.

having said that.......... the sp nose-dived shortly after the PEA was published from over 1p to 0.75p (ish).

So maybe the 0.7p fundraising was a bit of a slog time wise getting 'new' institutional investors to join the party???