I am in NO camp.I don't have any trust in this.Even after raising this money there is no gurantee that they will again face the same situation. bcoz we all should think about their commitment give to Chinese banks for IRC.I think BOD want to take this company private and they will go to anylength to acieve this.
I knew this would happen, so glad I took my loss at 70p
I hold 27000 share for yrs and do intend to vote no.
Me too have no confidence in pog and PH(All crooks).I do hold 27000 for 3-4 yrs.I inclined to vote no.I think most of the bonds they hold themselves and even after refinancing this time.What will happen year after when 240 million approx.needed to be paid to lenders.
Friends what will be the s/p if management fix cut of date for R/I eligibility to 05/12/14.
Revolt ...I am inclined to vote against this deal.
You also have to ask is Hambro a canny operator but how is is that qualified, I mean is he still in the game or is now pog in the hands of who knows who. If the share price drops to nought what happens-is that the end, but if it is what happens to the actual mine which is still producing gold well below the asking price.
I haven't posted for possibly a year, but I have to ask is pog actually still there? it seems like its a mirage and will evaporate as soon as you blink. s it still producing gold well below the asking price -so what's the problem-the debt?
Sunday Telegraph Business p2: "Hambro's battle to bring miner back to the land of the living" In a commentary, the columnist Ben Marlow gives a gloomy analysis of the gold miner's prospects, claiming the heavily indebted miner could become the "biggest corporate blowup this year". He notes according to one analyst "it would take the company more than 10 years to repay its debts."
This really is a car crash in slow motion,time to accept loss, in for ISA 17000.00 shares . Only hope is that it will survive but I really can't see it. It seems to be evaporating before our very eyes. Quite depressing really.
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