Member Info for sen70

I think that is over 3% of the company bought in 3 trades. clearly someone is loading up and looks to be insiders.

Yea good post Major It is hearsay really until we know whether or not funding has infact gone which will be within 10 days by the looks of it.

Also do not forget the 500k is sorted until mid 2016 now so if they need to find new funding all that is needed is working capital to keep them going until they complete funding. So talking a 500k-£1mil placing which is something like 15-30million shares easy really if you look at the crap on aim getting huge placings.

If companies with tiny cap companies with huge debts and no assets can do placings then I do not see how it would be diffictult for PRG to do a placing to get it back up and going, we are not talking huge amounts here. He is spot on that Philip Manduca has been all mouth so far but I still believe that he has tried his best and has tried to get shareholders the best deal, I still believe it has been over optimism rather than a complete failure on his part and I will either be proven right or wrong if we come out with funding or a placing. No funding then Philip Manduca has failed, we get funding with limited dilution and on good terms then he really does have shareholders in mind. Only 10 days to find out. :)

Share prophets article out written by numpty Nigel Somerville. I do not agree with most of it and alot of is a load of rubbish but he has seem very good points regarding Philip Manduca being all mouth so far. He says PRG are now in a death spiral as they converted the £500k into £600k worth of shares errrrr this is not a death spiral, the lender has agreed to increase the time on the loan for a 5th time so they can sort out funding and it is no suprise that they want an extra fee on top. Extending the loan has given PRG room to negotiate and if they do get funding then I think it is safe to assume it will be done before May 2016 when the lender date ends. He makes a point about a placing to keep the lights on this is obvious if they do not secure funding. Philip Manduca has not done himself any favours being so optimistic and completely out of whack with his deadlines and has left himself under attack by shorters/bear raiders like seen on shareprophets. Either they secure funding over the next few weeks and we move into production in which case we can finally move onto digging up diamonds or we get hit with a few £million placing. The next few weeks we will find out if Philip Manduca really does have shareholders at heart which I believe he does because otherwise why not just issue a placing already. I tell you now though if we do not get funding and mothae I will be selling up, but in all honesty I do not see this happening. Good luck :)

I still strongly believe Philip Manduca has shareholders at heart and todays RNS has re-enforced that. The loan has been sorted into a convertable note at 5.2p with the company still in suspension but surely the company being in suspension has been extremely benefical for the share price? with all the derampers/false rumours/shorters hanging about suspension has protected us until we get an offcial RNS. Ofcourse there is still a huge amount of un-certainty here but if we come out of suspension with funding being agreed then Philip Manduca has done a very nice job, remember it is easy for Philip Manduca to issue shares and become like every other rotten company but he has not done this. Good luck.

good news :) Loan sorted until 2016.

11p to buy someone is buying in heavy

There is no reason to believe we will not get funding The issue is that PRG have mistimed the situation with the 500k loan they must have thought it would be in the bag by now but it has taken longer than expected. The 500k loan has screwed them a bit and now they are under pressure I still believe Phlip Manduca has got the interested of shareholders at heart. We will see.

sooooo GreyWolf got it wrong about Mothae No suprise

£9k buy at a premium

Thanks admins. I have stated the facts in the RNS it says funding is still being negtioated.

Shares suspended due to loan facility/funding negatioations the rns does not state any problems with funding.

Read the previous RNS LUC have stated they are willing to let PRG sort out finance so we can take Mothae and extend exclusivity period, I would be surprised if LUC back out.

Perhaps get some sort of update on the 18th or the 23rd telling.

The thing is people see suspension are go crazy. I say let us give Philip Manduca a chance and see what the next RNS is, for all we know this suspension has been for the benefit for all shareholders. 1. Protecting the SP until they complete deal 2. Dilution as last resort It is easy to **** him off but this could be good news yet. I will reserve judgement until we get teh RNS. Good luck

Over-optimistic is the word I think, he has been absolutely useless with timescales that is a fact.

EDEN going commercial and just the start Would not be surprised to see 30-40p soon.

I does seem un-thinkable when you put it like that. Although Mothae is a huge asset maybe Philip Manduca would have been better sorting out Lemphane to start producing and then move into other mines. Mothae is a game changer but in hindsight all this hassle cannot be worth it.

Yes people seem to forget that Philip Manduca has alot of skin in the game.