Member Info for madsktpan

Hard to see you going wrong buying in at this low level. Especially if you're prepared to hold for a wee while. Mind you, not so sure this price action is helping sell in the Open Offer. Bit of a farce being able to buy on the open market stock at less than the discounted open offer allocation price.

Posting on this BB is hardly 'the world' pal. Rhetorical questions by definition can't be correct nor incorrect per se. Anyway, please feel free to point out anything that is incorrect that I have posted. Am probably just venting a bit of genuine frustration highlighting concerns for balance sake to any new potential investor(s) looking in here. And lessening the chances of them being shafted by misleading rampers - as has clearly been the case in times gone by. btw Arconas are long-time tied to the hip with PGD and its ugly wee sister LND. Do a bit of research. They are probably the only institutional investor left standing in PGD. All the others (Van Eck & BlackRock etc) have headed to the exit door.

that in ALL the previous 17 Placements over the past 15 years significant selling + significant price drop prior to RNS has actually happened. Is that 'normal'? Or just AIM for you? Or something more sinister/corrupt going on? Miguens to appease shareholders?......... do you mean the longstanding holders who have stayed loyal? Seen the sp go from 70p to less than 1p? Seen time after time corporate plans not delivered? Seen �200 million cash burn in the process? Seen countless directors come and go as failures? Seen a Company with initially less than 100 million shares in circulation get diluted into near oblivion at over 2 billion? Frankly, is it any wonder that there's been so much selling of PGD stock over past 6-12 months? Mind you - imho today is probably an excellent entry point for the fresh-faced ramper and/or trader. Feel for those following in directors misleading purchases on open market at 36p many moons back.

on the open market for less you'd pay to buy the ones on Offer by the Co. What a farce. Or in Cookie's world "all good". Maybe Miguens will buy some on the open market to get the sp higher for a wee while??!!

All the best sioxford - suspect you're sitting on a large paper loss at the mo. And have been for some time. Not what we invested our hard earned for all those years ago. Stewy - of course Miguens has a big holding. 64% says it all. My point is it's TOO big. From 13% only 6-7 years back. To soon to be 64%. IF he was buying up existing shares in circulation from PIs then your point would be a very valid one. But he's not. More & more shares are in the hands of PIs. Not less - as you stated.

LOL at Stewy.......... how does Miguens owning larger % of the Company mean that PIs own less shares????? In fact - PIs will have MORE shares in circulation after this Open Offer.

I see your mate's been on his soap box on another channel. Mind you, he does have a point!! "Good afternoon All A reminder of facts: RNS Monday 8th December 2014 Patagonia Gold announced proposals to raise up to approximately �8.73m, gross, by way of an issue of up to 193,963,930 new shares at 4.5p apiece on 18 November. The fundraising, comprising a subscription of 107,572,541 shares and an open offer of up to 86,391,389 shares, was conditional upon the passing of the resolutions at a general meeting. Managing director Bill Humphries said: "The directors of Patagonia Gold are delighted with the overwhelming support received from our existing shareholders and new subscribers for this fundraising of US$12.91m. This result is a significant endorsement in these very challenging capital markets for junior resource companies. These funds will enable us to now focus on developing the first stage of our flagship Cap-Oeste project and allow us to intensify the exploration activities on the surrounding highly prospective areas aimed at building onto our resources.� RNS 21st November 2017 "Patagonia Gold Plc (AIM: PGD), the mining company with gold and silver projects in the southern Patagonia region of Argentina, Chile and Uruguay, is pleased to announce proposals to raise �7.76 million (gross) (approximately US$10.24 million) by way of the issue of, in aggregate, 775,725,279 New Shares at a price of 1 pence per New Share for the purposes of funding the exercise of the Calcatreu Option, which would allow the Company to purchase the Calcatreu gold-silver project located in the Rio Negro province of Argentina.� 35 months between both share placements with the share price falling from 4.5 pence to 1.0 pence. The Concert Party looking to take up more share in this placement which in turn means that an offer has to be made for the company by the Concert Party for the highest amount paid for a share by the Concert Party in the preceding 12 months and that will be at 1.0 pence per share. Of course the shareholding majority can block that bid if the shareholding majority have enough faith in the company to do so. I wonder how long it will be before we are told � that due to a lack of interest from the shareholder base to support the company with the funding that it needs that the Concert Party have decided that it has no option other than to take the company over. The writing is on the wall � just a matter of when IMO. I am sure others will disagree and come up with all manner of reasons why I am wrong. I would be nothing other than delighted to be proven to be wrong as I along with many other have watched the market cap of this company become decimated over the past half dozen or so years which does none of us any favours. BH engineered this � backed us into a corned then exited left. Not impressed. Good luck all�"

Mine clattered through the letter box earlier today........ all 77 pages of it!! I see Miguens will own just shy of 65% of the Company if things go his way with the Subscription shares & open offer shares. Wonder how long it'll be before he owns 70, 80, 90%???????

This time last year:- Shares in Patagonia Gold could go to 6p says Cantor Fitzgerald http://en.francais-express.com/news/money/-74084-shares-in-patagonia-gold-could-go-to-6p-says-cantor-fitzgerald/

Yes Wigwammer - you could be proven right. And I hope you are. I wish I had a �1 for every time I've read a similar post on various BBs over the past 15 years. One thing PGD has never suffered from is 'potential'. It consistently & often promised the earth. However delivery on the corporate objectives has always proven to be p**s poor. And the cash burn 'frightening' in the process. I thought this time last year that the only way this could go was north. As it happens it's lost 60% of its value in that time. Maybe someone has been selling over past 6 months as a bit of corrupt insider trading. There again maybe not? I'll be happier when it's confirmed that Cap O is at last doing the business.

Back in 2010 when PGD looked potentially a very strong Company (2010 being 7 years after I originally invested in PGD myself) Miguens held 100 million shares (about 13%). Be interesting to see how much of the Company he owns after 775 million new shares are issued. Well over 50%?? Miguens is clearly a successful & wealthy businessman. But he's no professional miner. Far from it. I think he relied heavily on Humphries in the past and now Van Tienhoven. Given his investment in PGD over many years, suspect he feels he's got little option but to keep going & propping the Company up. To his credit he's never taken PGD private. The temptation must have been there. Easy to see now why there's been so much dumping of PGD stock over past 6 months.

IF the current production revenue from Cap O is to be believed surely �7m is almost petty cash over next few months? Not sure why they have pressed ahead with the Calcatreu deal by way of 775 million new shares in circulation. At 1p. Share price has lost over 50% of its value since they originally signed the Calcatreu Option. IF........... current production at Cap O is to be believed. Having said that, I assume Miguens and the CP will be taking up many of the 775 million new shares. And in fairness to them PGD would surely have folded yonks ago without their financial involvement.

The harsh reality is after 15 years and over �200 million cash burn they shouldn't be in the position today of having to raise a relatively small amount of capital. Posting an annual PROFIT (lol) + selling assets + in production. And yet STILL fundraising by way of a massive share dilution. 775,000,000 NEW shares. ***k me. That's considerably more than the TOTAL share circulation in the Company only about 6 years ago!! Feel for the punters who bought 30-70p range. On the subject of insider trading - I contacted the FCA (or equivalent at the time) about 8-10 years ago over insider trading with PGD & LND. To me, at the time, it seemed obvious. The 'culprit' had nothing to do with PGD directly or internally but had privileged access given the job they did. That person was a prolific poster on various BBs at the time. It stopped soon after I contacted the authorities and that person ceased posting. Mind you, back then PGD sp could rise 3p in a single day!!!!! "Those were the days my friend". If only we knew it!!!!!!!!

All good. Lots going on imho!!! (lol).

Sells????????? Not so sure about that. 14 million dated 6 Nov. Bid on 6 Nov = 0.95p Ask = 1.05p. I say 'BUYS'. Clearly there's a very active buyer AND seller out there at the mo.

@ 1.13125p someone negotiating a hard bargain!!!

Could be Dirkus. Although unusually generous to see MMs sell trade at 1.03p against a published Bid (on 6/11) at 0.95p. Unless it being the opportunity to get shot. The Bid did go up to 1.05p the very next day. So that'd square that theory. Transparency, eh??? LOL.

I think it's a buy. Trade date on here is 6 Nov. Not being added to accumulative volume on my monitor on moneyam.com. Although it does on another site. There must be a huge overhang....... so a 7 million sell trade surely have a negative impact on sp? Didn't happen though.

Possible could be a buy. Traded yesterday. Delayed reported.

popped up on money.am site. Not on here. Not yet at any rate. 1.03p. Last chunky sell??