Member Info for madsktpan

Thinking about it....... the consolidation was in 2018 not 2016.

ps

of course had you sold in 2016 just prior to the 100:1 consolidation your shares would have had same value as just after the consolidation. The 100:1 consolidation had no effect on the value. They were trading at approx 1p just before consolidation and £1 immediately after.

You could have sold your shares for over £6,000 once upon a time.

Now they are worth between £15 & £25 in total to sell depending on dealing costs.

LTHs have been well shafted here.

is brutal beyond words........ now less than what Humphries as CEO paid for stock on the open market....... BEFORE a 100 -1 consolidation.

fundraising for working capital purposes being organised.

More dilution.

It's got to be a fair bet that if/when any talks get to an advanced stage then some in the know (either directly or indirectly) will start to acquire stock in quite chunky quantities........ especially as current sp is not far short of being at a 13 year record low.

......... take back my use of "at pace" as nothing ever goes at pace with LND....... lol

By my reckoning they must be very, very close to the point of needing more working capital.

The fact that we haven't had any evidence or confirmation of another fundraising exercise kinda makes me hope major negotiations with interested parties are taking place, and at pace.

Or, maybe I should just take my rose tinted specs off??

What is also key is getting a new(ish) management team in situ. To satisfy creditors. Either by way of removal and/or addition(s) to strengthen the day-2-day operation of the Company.

Given the mismanagement & failures over past 18 months or so surely nobody would invest in any rescue deal to keep CRA afloat as a going concern with the exact same management team at the helm?

It seems for sure - CRA would go belly up if the creditors do NOT agree to the restructure & recapitalisation proposals.

It does not seem to be Fujax's intention to see CRA go belly up. Maybe they know of someone who would outbid them at £2 for the Company????!!!!!

"Fujax will step in should negotiations to restructure the liabilities prove successful. The restructuring could include the coming on board of new equity holders at Mowana."

Whilst there's still the remotest of remote chance of any relisting of our shares then talk of any FCA investigation would clearly be completely counter-productive for shareholders.

Be different ball game IF the major creditors don't agree to the restructure & recapitalisation proposals. Then it's be game over for shareholders and wouldn't have anything to lose by any FCA investigation.

Shareholders have nothing to complain about other than seemingly serious mismanagement of the Company. You get that in many AIM listed companies. But failure & mismanagement isn't always a crime.

Seems to me it's many of the creditors who have far more credible grievance over wrong-doing with how the Company operated.

and another £190,000 traded at Mid (surely not sells at 1p - MMs ain't that generous).

and traded yesterday, reported today.

someone just spent £60,000 buying someone else's stock.

gives anyone holding some genuine hope for the future. It removes any immediate financial crisis and gives a bit of breathing space to progress some projects and/or dispose of some or consider a JV.

Bill Humphries presided over the most obscene cash burn imaginable (well over £200 million) with never ending bullish predictions on various projects that ALL turned out to be little more than 'white elephants'. He headed for the exit door citing retirement but leaving the Company on its knees with 2 high cost mines struggling to make any return. It was during his tenure that he was confidently claiming they were on course to be producing free cash flow and 200k ozs pa.

I feel a tad sorry for the current CEO. He's virtually running things on his tod. Compare that to Humphries as CEO with his monthly exec travel between Italy & Canada & Argentina - when he wasn't sat in the Companies swanky office in Mayfair that is.

It's a different Company these days - that for sure. But fair play to CM he's bank-rolled the Company to keep it going when many others would have said "enough is enough". Let's hope he still sees a return on his now massive personal investment in PGD.

Dirkus - House Broker Notes I tend to largely ignore. They are paid to be bullish.

I remember emailing Panmure Gordon many moons ago after their very short stint here over a BUY recommendation that saw the sp lose 70% of its value in a short space of time. Think I c&p'd the exchange either on this BB or another at the time. Little did I realise that many more House Brokers would come & go over the years.

Next RNS should be VERY telling where LND are heading.

I'm a tad surprised/disappointed that there hasn't been any real buying of this stock from "those close to the action & in the know" since the PEA. Not even from the House Broker's contacts/clients. That'd be a positive signal.

I'm probably too suspicious for my own good, Just seems to me there's a distinct possibility that this sp is being deliberately kept suppressed. Remember the selling just before & just after the PEA publication? Could be different sellers of course. But this is LND - hardly benefited from chunky volume trades on the open market or from the PI masses or on the Trader radar. Appreciate there's always accumulation. But for anyone who was accumulating - this would seem an odd time to be bailing. Distressed seller? Can't rule it out but seems to convenient explanation to me.

Have you got a link to the 9.2p Broker Note please? Thanks - must have overlooked that little gem!!!

Clearly someone doesn't think the future is bright.......... either that or wants to see the sp tank to help facilitate the next big Placement at as low a price as is possible.

Same old, same old.

With a 16% spread you'd be lucky to sell £5k's worth at the Bid.

You'd never ever get any Broker prepared to pay the Ask.

10% drop in the Bid........ got all the hallmarks of MMs got wind of another Placement being organised.

Had hoped for something a bit more bullish/positive/exciting after the PEA.

detail seemed a tad underwhelming to me. Given that it was as long ago as last May we handed over the final (not insignificant for PGD) payment for Calcatreu. It's taken near 5 months of "limited" drilling to update shareholders how the project is doing. They almost seem to be behaving these days like a Private company.

I think they could be stalling for time to establish what's the best route to go forward.
JV or Placement or take Private or sell some assets to raise much needed working capital.

The problem with companies like PGD is anyone doing the merest research can note that after 16 years on AIM the performance has been a complete & utter disaster. No matter what angle you look at it from.

I hope & pray they finally make a success of things BUT being realistic and not wearing rose tinted specs like some on here......... it's hard to make a case of anything material happening short term to impact on the share price. Quite the opposite.