JohnSalvage
09 Nov 2015
Uruguay QuestionIf, as some have suggested, the concert party intend to take the Company private. Why announce expansion into Uruguay?
Hunterguitar
09 Nov 2015
Re: Earn in agreement I thought that they did not have the resources to develop what they have got in Patagonia. Don't all rush into buy at once !HG
ajinbali777
09 Nov 2015
Earn in agreement Well this latest news took me by surprise!! Last chance saloon or very clever? I'm trying to read it with rose tinted glasses and but it looks like a slightly strange thing to do given the situation on their main Argentine plot and the possible change of attitude of governor (Mario Neves) at Huemules! So must wait and see how this unfolds!
JohnSalvage
08 Nov 2015
Elections Reuters Richard Lough3 hours agoRichard LoughBUENOS AIRES (Reuters) - Challenger Mauricio Macri took the lead in Argentina's presidential election race against his ruling party rival, a poll showed on Sunday, two weeks before the Nov. 22 run-off vote.The Management & Fit survey put Macri eight points ahead with the backing of 51.8 percent of voters, including a projected share of undecided votes. His rival, Daniel Scioli, had 43.6 percent support.The numbers indicate Macri and his "Let's Change" alliance have maintained their momentum, after a surprisingly strong performance in the first round that stunned the ruling Front for Victory party and left Scioli scrambling to regain the initiative.However, more than one in 10 of Argentina's 32 million voters are still undecided, leaving the presidential race open. Macri's lead narrows to six points with 46.3 percent of support when undecided votes are excluded from the candidates' count.The outcome of the election will shape how the South American country tackles its economic woes, including high inflation, an over-valued peso and a central bank running precariously low on dollars. Macri promises to start dismantling a raft of protectionist currency and trade controls on his first day in office if he wins, to open up Latin America's third biggest economy. Scioli says gradual reforms are required to lure new investment and labels Macri a neoliberal beholden to corporations and the rich. Scioli has courted the 5 million voters of third-place candidate Sergio Massa with promises to increase pensions, scrap punitive taxes on corn and wheat exports and use the military to battle narco-gangs - all key Massa policy demands.Even so, the poll showed that 57 percent of Massa's support will split toward Macri, favoring change over continuity after President Cristina Fernandez's eight years in power, which have been deeply divisive. Massa has not explicitly endorsed either candidate.Scioli won 37.1 percent of votes in the first round and Macri defied pollsters to draw 34.2 percent support. The narrow margin was widely viewed as a slap in the face for Fernandez's brand of leftist populism and has forced Scioli to distance himself slowly from the outgoing leader. The poll showed Fernandez's approval ratings fell three points to 38.8 percent from less than a month earlier.Management & Fit polled 2,400 people nationwide between Nov. 1 and 5. The survey has a 2 percent margin of error.
Antiques Of Woodstock
07 Nov 2015
Where Do We Go From Here? Good afternoon All285,205 shares exchanged hands for a total of £4,278.00 writing at one point just under £4 million (20%) off our market cap.Utter madness.Before stepping down - BH steered us into this cul-de-sac with few options remaining and now we await those with the controlling interest to make a decision regarding the company's future direction.'Altruistic' or 'self interest'? Personally I believe that we already know what the future holds as detailed in the Final Results RNS 19th May 2014:‘……The Company will be investigating opportunities to raise this additional capital, however, the continued volatility in equity and debt markets coupled with the current gold price indicate the existence of a material uncertainty that may cast significant doubt on the Group and Company's ability to continue as a going concern.'Eight months before that ‘revelation’ on 20th September 2013 I posted the following on this bb:'......Something does not feel quite right here. - I am getting the feeling that major shareholders stakes are being increased which is pushing everyone else into more of a minority position.Now if I was Carlos and I wanted to move the company back into my private ownership - what better way than to build my shareholding in this way?This smacks of a management buy out.'Whilst there are those also invested in this company who totally disagree with my opinion on this - I fear that the facts speak for themselves and further suggest that the position in which we find ourselves has been deliberately engineered by our management enabling the 'chosen few' to obtain a controlling interest at the expense of the rest of us.......And before anyone makes a 'quip' about why am I still holding shares if I believe that the company is in such dire straights - may I respectfully point out that the market cap fell by 20% with just 285,205 shares exchanging hands and as my shareholding runs into many multiples of the aforementioned this would not do anyone any favours least of all myself. However the main reason why I am still here is that there are growing numbers of Private Investors including myself who invested in PGD having undertaken extensive research based on what we were told by our management at the time via RNS’s and in person also at AGM’s - who now feel that the information which we were given has proven to be 'unsound' at best – deliberately ‘misleading’ at worst – however ‘hope’ always remains that there is a ‘master plan’ yet to be announced which will turn the company’s fortunes around.Should it be necessary to take action – it is always far better to do so from within – but for the purpose of ‘balance’ there are others on this bb would make us believe this of course is an irrelevance as the Concert Party/Management has all of our best interests at heart and not just their own.AOW not sceptical nor looking at things through 'rose tinted spectacles’ - just basing conclusions on ‘fact' coupled with 30 + years of investing experience some of which was in a professional capacity working alongside teams of fund managers investing the collective monies of others in companies who’s net asset worth was not reflected in their market cap.Time will tell – but how much time do we have left?A share price of 75 pence dropping to 1.5 pence - that's the reality - with a new share placing at 4.5 pence not so long back in which i did not participate for reasons stated at the time with those disagreeing with my opinion taking up their share allocation and investing yet more at that time. Certainly no pleasure from me watching fellow investors losing yet more hard earned cash - an utter disgrace as far as I am concerned with the money that was raised not being used for the stated purpose behind that fund raising.Good luck all…
Antiques Of Woodstock
07 Nov 2015
Wher Good afternoon All285,205 shares exchanged hands for a total of £4,278.00 writing at one point just under £4 million (20%) off our market cap.Utter madness.Before stepping down - BH steered us into this cul-de-sac with few options remaining and now we await those with the controlling interest to make a decision regarding the company's future direction.'Altruistic' or 'self interest'? Personally I believe that we already know what the future holds as detailed in the Final Results RNS 19th May 2014:‘……The Company will be investigating opportunities to raise this additional capital, however, the continued volatility in equity and debt markets coupled with the current gold price indicate the existence of a material uncertainty that may cast significant doubt on the Group and Company's ability to continue as a going concern.'Eight months before that ‘revelation’ on 20th September 2013 I posted the following on this bb:'......Something does not feel quite right here. - I am getting the feeling that major shareholders stakes are being increased which is pushing everyone else into more of a minority position.Now if I was Carlos and I wanted to move the company back into my private ownership - what better way than to build my shareholding in this way?This smacks of a management buy out.'Whilst there are those also invested in this company who totally disagree with my opinion on this - I fear that the facts speak for themselves and further suggest that the position in which we find ourselves has been deliberately engineered by our management enabling the chosen few to obtain a controlling interest at the expense of the rest of us.......And before anyone makes a 'quip' about why am I still holding shares if I believe that the company is in such dire straights - may I respectfully point out that the market cap fell by 20% with just 285,205 shares exchanging hands and as my shareholding runs into many multiples of the aforementioned this would not do anyone any favours least of all myself. However the main reason why I am still here is that there are growing numbers of Private Investors including myself who invested in PGD having undertaken extensive research based on what we were told by our management via RNS’s and in person at AGM’s - who now feel that the information which we were given has proven to be 'unsound' at best – deliberately ‘misleading’ at worst – however ‘hope’ always remains that there is a ‘master plan’ yet to be announced which will turn the company’s fortunes around.Should it be necessary to take action – it is always far better to do so from within – but for the purpose of ‘balance’ there are others on this bb would make us believe this of course is an irrelevance as the ‘Concert Party/Management' has all of our best interests at heart and not just their own.AOW not sceptical nor looking at things through 'rose tinted sunglasses’ - just basing conclusions on ‘fact' coupled with 30 + years of investing experience some of which was in a professional capacity working alongside teams of fund managers investing the collective monies of others in companies who’s net asset worth was not reflected in their market cap.Time will tell – but how much time do we have left?A share price of 75 pence dropping to 1.5 pence - that's the reality - with a new share placing at 4.5 pence not so long back in which i did not participate for reasons stated at the time with those disagreeing with my opinion taking up their share allocation and investing yet more at that time. Certainly no pleasure from me watching fellow investors losing yet more hard earned cash - just sympathy for every single one of us.Good luck all…
I am your Huckleberry
05 Nov 2015
Best Borker to trade on Canadian markets please? Who does anyone use?
shugg1e
28 Oct 2015
Re: Mario Neves back as governor of Chub... yep just 3500% to go
chutes
28 Oct 2015
Re: Mario Neves back as governor of Chub... it would put the price back over 70p !
charioteer
28 Oct 2015
Re: Mario Neves back as governor of Chubut -... A report from 10 years ago, it could be very good news.[link]
Finbar S
28 Oct 2015
Mario Neves back as governor of Chubut - Huemules? He was governor in 2006 when activity at Huemules was shut down due to a moratorium on mining, but has been elected back in but not under a Kirchner (FPV) ticker, but his own party (CHUSOTO).Anhyone hazard a guess as to what effect this might have on the cahnces of reopening Huemules?[link]
chutes
26 Oct 2015
SP Price recovering, political and commodity prices having an affect, any sustained buying and it should rise quickly.
Antiques Of Woodstock
26 Oct 2015
Argentina Election Update: Good morning AllJust cut and pasted and posted below for you interest.Good luck all...Argentines voted for their next president Sunday, bringing a curtain down on 12 years under power couple Nestor and Cristina Kirchner.Their heir apparent, Buenos Aires provincial Governor Daniel Scioli, is poised to win but may undo parts of "kirchnerism," a populist creed built around trade protectionism, social welfare and defense of the working classes.The 58-year-old powerboating fanatic -- who lost his right arm in a 1989 racing accident -- served as Nestor Kirchner's vice president.He has vowed to uphold the core of the Kirchners' legacy, but has also promised a change in style to attract more investment and increase productivity.His top rival is Buenos Aires Mayor Mauricio Macri, the candidate of Argentines fed up with what they see as the Kirchners' heavy-handed economic policy and belligerent politics.Macri, 56, rose to prominence as the boss of Argentina's most popular football club, Boca Juniors, which won a string of titles under his reign.There may also be a spoiler in the form of Sergio Massa, a former Kirchner ally who fell out with the president and launched a rival party, the Renewal Front, two years ago.The frontrunners invoked sports analogies as they voted, with Scioli and Macri both aligning themselves with the country's team in Sunday's Rugby World Cup semi-final against Australia in Britain."They are what Argentina should be, with that grit, that pride, that strength to wear the Argentine jersey," Scioli said amid a scrum of journalists.Macri said he was on his way home to watch the match, calling Los Pumas "an example of the Argentina we all want."Despite this high-level cheerleading, the Pumas lost 29-15, exiting the tournament.Under Argentine electoral law, in order to win outright in the first round, a candidate must claim more than 45 percent of the vote, or at least 40 percent with a margin of 10 points over the runner-up.Opinion polls put Scioli at about 40 percent, with Macri at around 30 percent and Massa around 20 percent -- roughly the same scores seen in the August primary.That means the country could be headed for its first-ever run-off election, on November 22.Nestor Kirchner came to office in 2003, in the aftermath of a devastating economic crisis that triggered what was then the largest sovereign debt default in history.He presided over a stunning turnaround underpinned by average economic growth of more than eight percent a year.He handed power to his wife in 2007. They were widely expected to continue their term-for-term tango, but Nestor died of a heart attack in 2010.Cristina, a fiery former senator, won re-election in 2011.As she cast her ballot Sunday, the 62-year-old leader said she was proud to be handing over a "normal" country."In the past, we've always voted in the middle of crisis," said Kirchner, who leaves office with an approval rating of around 50 percent after serving the two-term limit.But the economic magic of the early Kirchner years has faded.When Argentina's next president takes office on December 10, he will inherit a country troubled by inflation, an overvalued currency and an economy facing what the International Monetary Fund predicts will be a 0.7 percent contraction next year.Argentina, Latin America's third-largest economy, after Brazil and Mexico, is also still waging a messy legal battle with two American hedge funds that reject its plans to restructure the $100 billion in debt it defaulted on in 2001.The firms, which Kirchner condemns as "vulture funds," successfully sued for full payment in US federal court. Kirchner's refusal to pay them pushed Argentina into a new default last year.Her tenure has also been marked by acrimonious battles with big media, the courts and old Falklands War enemy Britain.Argentina's 32 million voters, who are required to cast ball
Antiques Of Woodstock
22 Oct 2015
Re: AOW Hi hope all is well with you.I have always enjoyed reading your posts on various shares and value your opinion. I would like to ask you what you think of the share Quadrise. It does seem to be too good to be true potential appears to be enormous.No need to reply if not interested. Best Westbud ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------Good morning WestbudApologies for my late response.QFI is not on my watch list so sadly I can contribute nothing of worth.Good luck...
Antiques Of Woodstock
22 Oct 2015
Re: Uncomfortable Post: Hi AoW,Apols if I'm being more than usually dim ....but as per your last , on that date in Dec, concert party buys one more share etc, that means that they are not bound to a take out price set at last placing price ? i.e. 4 p ?---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- --------Good morning Biggles21As I understand things - An offer under Rule 9 of the City Code must be made in cash and at the highest price paid by the person required to make the offer - or any person acting in concert with him for any interest in shares in the company during the 12 months prior to the announcement of the offer. Therefore - because the Concert Party collectively hold enough shares between them - at any time they increase their shareholding - they are legally obligated to make an offer for the company at the highest price that they have paid for shares in the previous 12 months.In December we will have passed the 12 month time-frame in which they bought their last shares at 4.5 pence during the previous placing - so if they acquire any more shares (legally they just need to buy one more share) then they will be forced to make an offer for the company at that share price as it will be the highest price that the Concert Party has paid for shares in the previous 12 months - if that makes sense.Of course the rest of us shareholders can vote collectively to waive that right as happened the last time - but it sure places us in a seriously vulnerable position moving forward - effectively basing our investment future on the goodwill of the Concert Party not to take the company private.I hope that makes sense and as always am open to anyone to correct me if the technical facts that I have detailed are wrong in any way.Technically and legally we are in a seriously vulnerable position – morally as to whether this will ever happen – everyone has their own thoughts on this with some believing that the Concert Party’s motives are entirely altruistic with others believing the opposite.Only time will tell.Good luck...
