Member Info for madsktpan

34.7 m sell just reported

this is heading to sub 1p. Still wouldn't be a 'strong buy' at that level but would probably be worth a wild punt with money you could afford to lose.

would surely place his money on some form of share dilution being round the corned given today's carnage?

The MMs have LOWERED the Ask since your latest post??? LOL.

With respect - you've regularly been touting this as a 'Strong Buy' for many months going back to when it was a "great buying opportunity" at 11p.

It might well get back to 11p (and I hope it does) but that seems a long ways off from this point in time.

At best - being honest & not trying to mislead - this stock is a strong hold and/or a highly speculative buy. NEVER ever a ramping 'Strong Buy' imho.

Worse still......... if you invested at the height £70 (equivalent) induced by all the considerable BB ramping at the time, you'd need a 100 bagger from here just to break even.

If you bought in on first day trading on AIM (2003) at £14 (equivalent) you'd only need today a 15 bagger to get yer money back.

Yet, for some, H & P still today walk on water. Elsewhere.

Investing in ISAs whilst claiming to be a tax exile (or 'excile' in Ragdoll's case) in Spain sounds a bit of a contradiction to me.
If not a load of cock 'n' bull.

Am going off now to sh*g the beautiful Rita Ora................. if only............. LMAO.

Why the need to appoint a Joint Broker? Seems too much of a coincidence to me.

You have to be thinking that further dilution is a real possibility. Not a given. But a possibility.

How is this funding below being arranged? New Joint Broker? A Placement? Is so, then almost certainly more dilution ahead :-

"The Company is currently in advanced negotiations in respect of obtaining the financing required for its planned DMS upgrades...

WorldMiner

I think a major problem stems from being an AIM listed company. It's almost kinda perverse that if there is likely to be any fundraising then the lower the share price the better.
None of the management team or the BoD can sell their stock. Not unless they want to be shot LOL. So, do they really care if the sp performs badly? There's no real evidence that they do. Not for now anyway.

That's of course no excuse for lack of PR which has been sadly lacking here since Day One over 15 years ago. And my beef has always been their spectacular ability to under-achieve. Confidently expect to do this & that. And they end up delivering something far less.

Just about the only thing I'd say in Miguens defence is the amount of money he's personally pumped in and the paper loss he's currently sitting on. Have no idea exactly how much that is but I suspect it must be well in excess of £100 million. And there is a reasonable argument to say that if it wasn't for him then this Co would have folded years ago. As a LTH suppose I have to be grateful to him for that. If nowt else.

I have a distant business contact who once worked at the FCA. I'm not sure if she still does, but I'll contact her by email to see if she thinks Cookie's 100s (if not 1000's) of unqualified one-line ramps on various threads under different nicks over many years qualifies for a mild case of market abuse. I think it does. Or it certainly should.

Stewy - the BoD must own at least 70% of the Company. So, there's not a cat in hell's chance they will vote themselves out.

Institutional investors take time to attract. You have to have an active & influential Broker or the Company make impressive presentations to Institutions to consider.
PGD used to fairly regularly make such presentations to potential Institutional Investors (about one a year). But I haven't seen published any such meetings/presentations for a while. Guess there's a logistical issue having to come all the way from Argentina to London. In days gone by they had a presence in London with Humphries & Prickett & Craven. Now there is nobody. Suspect they may these days rely on the AGM period(?).

I have no problem with the share consolidation per se. It made sense. There were far too many shares in circulation before. What I don't agree with is the timing of the consolidation. Any sensible Company doing a share consolidation usually does it from a position of strength (or when they are delisted). PGD could easily have waited until they had positive news to report at Calcatreu or elsewhere. There was no rush to execute the share consolidation. All that's happened is the consolidation has scared off the weak hands and impatient PIs selling. Hopefully that will come to a halt soon once more positive updates are released.

Yes, Cookie aka Solgfinger2 used to regularly ramp ALO on another thread/stock I have shares in.
In fact that was the only reason I had a butchers at ALO.
Fortunately I was smart enough to see the warning signs and didn't invest.

I rest my case.

imho CRA is like loads of AIM companies = has stacks of potential with a capital 'P'.

I'm all for positive thinking and to be bullish about a stock - particularly if posts are qualified with a plausible explanation or justification.

It's the inane repetitive ramping one liners of drivel that sticks in my throat. They can sometimes be misleading folks.

I'm not a holder here, but I am a serious potential buyer. And I'm not a trader. Usually a LTH.

Watching with interest. GLA. I'll take my leave now!

I haven't a nasty bone in my body, pal.

I've been registered on this site for about 5 years, yet only ever posted on 3 or max 4 threads. Something, no doubt, the Site Moderator can verify. So, how can I be accused of what you accuse me of? Please apologise for making that false accusation.

btw I am just highlighting how you have with your very unintelligent ramping nonsense on here and on another stock/thread = you are misleading potential punters with your ramping drivel.

I am doing nobody any harm by my posts. It's you that (potentially) are with your unqualified ramps. If anyone should be banned from posting - it's YOU pal.

Current Market Cap ain't too different to the value/amount that was coughed up recently in cash for Calcatreu project/deposit. Crazy situation.
Crazy share price. But that's AIM for you.

Drilling starts in a few weeks at Calcatreu. Let's hope that's the project that gets back some real value for LTHs.

Looking back - cash burn over the past 15 years is off the scale given what's been delivered.

Hi Edzi

Aye - it's hard to work out where this Co is heading.

The CEO stated in early April that PGD would "achieve significant milestones in the ensuing year." Maybe he left out a 's' in year? Cause near 5 months after making that comment not a lot seems to have happened to raise any market enthusiasm or excitement for the stock. In fact, it's lost a considerable amount of value since April.

Drilling starts next month in Calcatreu and that might just be the catalyst to a recovery. But that ain't gonna happen overnight.

Don't see the point selling at these historic lows as the only thing I'm confident of is PGD won't go under.

imo a bit of cynicism and a bit of critical analysis and a doze of realism is far better than wearing rose tinted specs stating everything is "all good" when clearly it ain't.

Ah well, if you don't want to debate or counter argue anything - at least there's always ticking up meaningless posts to keep you occupied.

Stewy - there's now only one full-time individual on the BoD with any mining experience.
The share consolidation was never meant to do anything for PIs. In fact the stated intention of the consolidation was to make investing in PGD stock more attractive to institutional investors, and perhaps perversely less attractive to PIs (or the pump & dump brigade). And also the consolidation makes it easier should any future Placement be necessary.

For me, PGD has today become a bit of a BREXIT. Nobody seems sure or confident how it is all going to pan out. Compared to years in the past the volume of trades are a mere fraction of what it once was. I remember the days of a 3p RISE (or 300p in today's post consolidation money) in a SINGLE day's trading session.

Not sure if I've got this 100% right - but are they saying that the gold production for the first 6 months = 23k ozs (that being with all the labour disruptions + national strike + severe weather conditions) YET the guidance figure of gold production for the next 6 months is LESS ie 22k ozs!!!!!!!!! Making 45k ozs in total. Is that right?????? Doesn't exactly inspire confidence to invest, if so. Or maybe the Baldrick Master Plan is they really expect to produce far more gold in H2 - and when done so - shout from the rooftops that they have far exceeded production expectations. And how hard they have worked to achieve it??? Or am I just being too cynical????

Cookie

Stewy is not posting at the mo as he's trying hard to take your advice and stay "strong". He's got enough on his plate trying to follow all your intelligent & witty observations about PGD. Your critical analysis of how things are going "all good. lots going on" takes time to digest.

BTW note you're now over 2,000 posts since your new nick less than 7 months ago. That's average of near 300 posts a month!!! Surely you have better things to be doing than coming on here on a Saturday night to ask Stewy if he's still invested in PGD???

By "sheer coincidence" I of course meant that your tiny buys had no impact on the MMs or the stock price. Merely coincided with one another.
The MMs can take loads of different things into account when moving the stock price. Not solely trades.

Makes sense to me. Sorry it doesn't to you. D'Oh.