Member Info for madsktpan

Can't think of any plausible reason why the MMs wouldn't want you to buy PGD stock. They must still hold enough of it from a recent over-hang. More likely they want some reasonable margin for themselves on any buy transactions, and at the same time don't want to encourage any sellers as they don't want anymore stock at the mo - so a little reluctant to raise the bid. The lack of any real volume to get excited about certainly doesn't help the cause.

this sparks some corporate PR and interest :- "The Company expects to provide production guidance for 2018 during Q1 2018"

I've had GGP in my Stockwatch for a couple of months. The regular daily volumes that go through have been astronomical (compared to PGD) in that period. Many billions. With these types of stocks that's all that counts on AIM regarding sp movement = trades. It's all the MMs are interested in.

As I posted before - historic 2016 accounts aren't important. Just pointing out the back-door method that they were processed. But 2017 accounts sure are important. A "dead company" that's been claiming to have been in full production since last April and now after a RTO and massive share consolidation & dilution still needs to raise a relatively small amount of money from its s/holders for apparently working capital. Something doesn't add up here.

you don't need to give me a patronising lecture on 'working capital'. I'm retired now - but have served on the BoD of 2 PLCs in the past.

That's a misleading comment. It is normal practice for audited annual accounts for a PLC to be produced & distributed to shareholders and for them to be approved by shareholders (the owners of the Company) at an AGM. To best of my knowledge that has NOT been done for 2016. And very unlikely to happen for 2017. End of.

I suspect the 2017 accounts will NEVER be voted on and/or approved by shareholders. As by the time they are audited there will be an entirely different Company & shareholder base in place. How highly convenient, eh?

if the 2016 Accounts have been approved by s/holders - it's been by a very underhand method. How many s/holders turned up for that 'fait accompli' GM???? One, wasn't it?? LOL.

The important & relevant point is the historic 2016 accounts haven't been approved, as I understand it, by those who own the Company ie the shareholders. Mind you, the accounts that will make for FAR more interesting scrutiny is last years accounts ie 2017. Still don't follow IF they have been in full production & stockpiling for past 8 months why there is now the further need for fundraising for working capital. If you believe that an Open Offer is solely some form of generous belated Xmas present for shareholders benefit at a reduced or discounted price then I think you are living with the fairies

That's a libelous suggestion. You signed off the audited accounts didn't you? Oh no, I forgot, the ALO accounts never saw the light of day, did they? The Open Offer will generate funds to probably allow some of them to participate in the same Open Offer. Shares for free. Nice perk. Is it a bird? Is it a plane? Is it another typical AIM scam?

Have 12 stocks currently in my Portfolio. From all varied sectors. Only one today has a red arrow against it. Yes, you've guessed it = PGD. Grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr

Sorry to repeat the same old boring point of view....... but PoG movement has no direct impact on PGD sp movement. Unless PGD stock buy trades happen at the same time. Indirectly & down the line PoG performance of course does matter to PGD. Now...... IF only PGD would let the market know some real & verifiable production numbers delivered........ that would make a big difference here imho.

Can you trade PGD stock on the ISDX market (formerly PLUS market)? If so, might help explain some pretty irrational movement of PGD share price from time to time.

(or whatever other nick he uses now) will tell you. There was an Open Offer at 1p with PGD in late Nov. For most of Dec you could buy on the open market at less than 1p.

I understand the relevance of the Open Offer being for working capital per se. Surely it doesn't matter what it's for (within reason). I've seen several AIM companies have Placements and Open Offers to raise funds only to find shortly afterwards you could purchase shares in that Company on the open market for less. What about the longstanding loyal ALO shareholder who can't participate in any Open Offer? You could argue they are being shafted with the inevitable dilution via an Open Offer (especially IF there is stock/material available that could be converted into needed cash & working capital). Just saying.

If they have been stockpiling the copper concentrate and no longer selling it to Fujax for past 8 months why not cash in the material now? I appreciate the process may or may not be getting upgraded and become more economical to produce, but physical material is physical stock, surely? And cash equivalent. Unless you are saying there's been NO production. As opposed to now fundraising by way of more shares in circulation and dilution via an Open Offer? Not sure I follow the logic of that.

In theory I suspect this would be rocketing sky high IF there was any buying pressure on the stock. Unfortunately there isn't. No idea why that is except perhaps past performance puts potential investors off. Maybe the House Broker will wake up one day and start earning their fees and we'll see some positive PR on the back of production at Cap O and exciting updates on Calcatreu.

Maybe. Just seems a tad odd to me. They either need the funds from an OO or they don't. They stated back in April that they were in full production and selling for income. What happened to that revenue?

My bet then is a relist on the 10th. No Open Offer. Placement for the funds needed has likely already been organised. Seems cart before horse if they relist THEN have an OO. No?

....... or neither of course!!!