Member Info for saintpeter7

Cheers Scotty - I know that I have to be patient and I am sure all will come good and probably very good, but it is frustrating waiting for months for anything to happen as we all know. What is strange about PLMO is that it also has another major investor in a company called Pelamis. What are they cooking up between them I wonder and have been wondering for several months. Ah well, time will tell.

As a shareholder in Polemos, in which PRS took an investment several months ago, I had to laugh when I read in the quarterly report that during Q3, the Company made a new investment in Polemos plc which was performing well. I don't think so! Good luck to all holders of PRS.

Animal - it seems a long time ago that the SP was in the 80s, which is when I bought my holding. There were some decent purchases in the 80s although I cannot answer your specific question. The SP was held down by someone selling 1m shares a time, on more than 7 occasions and then we had the Guinea asset sale which disappointed the market. However, it does seems possible that the SP has bounced off 0.50 which was on my daily chart as the bottom of a down trend line, which actually started back on 17 October and the SP could be going back up to 0.66, before news, but the market is thin and it does not take much to move it one way or the other. This is why I said yesterday that there is a good opportunity for a large profit on the announcement of the RTO detail with the large sudden volume of buying we will get. Certainly worth waiting for.

I'm not trying to hog this BB, but no one else is posting! IMHO the longer we wait to hear from the Bod regarding the possible offer, the greater the chance that some deal may be done. Potential as time goes by for a large reward for those investors prepared to hold.

My post last Friday looks as if it may come to pass. If I had funds available, IMHO it would be a good time to buy some more soon and average down from c.0.83. At this level, there might be a good opportunity to make a 75% to 100% profit on the RTO announcement. I believe I have talked myself into finding some more funds.

IMHO the SP may well drop to 0.45, where there is support, before we see a bounce, unless the company issues an RNS giving more details of its plans soon, but in that that could happen any time, I shall hold my shares. Could be a good buying opportunity if it does drop to 0.45. As I posted yesterday, I am confident that this share will be worth holding due to the potential with the mining investment it is considering.

Once the RNS is issued relating to the mining investment, I expect the SP to rocket and reach a new high for the year. It is just a matter of time and patience.

Bignose - very interesting today's BB for PLE re Regency. So RPG is selling off the assets that it does not want and it is felt that RPG may be used for new assets, perhaps more in line with the Fortacin business. Is that a fair summary? Anyway, I hope that this is not diverting JM's attention from reversing DBC into LIFE, although he does have until 5 April 2017 before the RTO needs to be made.

I totally agree Vienna - its not even that he can be bothered to genuinely argue - what a waste of space

Looks as if shareholders best bet is for this potential investor to take a controlling interest and introduce a new asset perhaps by way of an RTO.

But they weren't issued at that price.

Loan note converters are getting their shares at 0.3p!

Thank you for that Bignose. So I read from the RPG website that they did invest just under £1m in DBC at £23 per share in May 2016 so that my suggested valuation price appears too low. With there being 605,477 shares in issue, that would value DBC then at just over £13.9m. If we are to get a shareholding of just over 7% (as per the last RNS from LIFE), it would value the existing shares in LIFE at roughly £1m. or 2.67p per share. As one would anticipate that the share value in DBC when brought to market will be higher than the £23 per share paid for by Regency in May 2016, we look fairly certain to end up with shares worth more than 2.67p per share compared with the suspension bid price of 2.25p. Speculation I know but hopefully you will agree not an unreasonable basis for calculating the post-suspension value.

Must say it is taking a long time to hear whether an offer is to be recommended by the Bod to be accepted for a major interest in the company and I note that the SP is drifting lower as investors become impatient. It does give an opportunity to buy in lower and reduces the downside risk. I would not be surprised to see a doubling of the price if an offer is accepted. At this price it must be worth holding on or if not invested, buying in now.

Amazing. Sadly not invested - too risky for me. See the mcap is now £5m against the cash they raised of £1.6m. Better be a good fintech investment they make!

I am no longer invested in Tengri as I felt the SP was far too high compared with the price at which the CUL notes may be converted to ordinary shares. I had to take a loss, but I did learn to compare more closely the mcap and the company's cash resources. Whether the SP is low enough now it is difficult to say. The mcap on mid-price is £1.28m whilst cash is probably no more than say £100k, which was raised from the placing. To me that is still a big gap and as the Dragons say "I'm sorry but I am not investing"! I may well be proved wrong. Investing now is certainly a punt and for me there are plenty of less risky shares. Although it may be frowned upon to mention another share on a company's BB, if you wish to take less risk have a look at IRR, in which I am invested. Good luck.

We then have a 1.6mn share trade at 4.35 pm!

Seems this one is under the radar. IMHO great potential.

If my chart performs as expected I see a possible bounce back up to 420p this week. Certainly the share does not deserve to have fallen by 18% in just 3 weeks on trading grounds, but this share has been prone to some sharp profit-taking in the past.

Will we hear this week? SP has not increased as much as I thought it might on speculation regarding the potential offer. So all being well, an offer for a major interest in the company could see a greater profit for those currently holding. On the other hand, if the offer comes to nothing, there isn't a huge downside, except for the initial reaction, which of course would be overdone. The company does still have its concentrates business and as you say p00rman, it would be good to have a positive update soon to reassure investors.