Paragon Diamonds Forum

Sadly this latest rumour, which actually stemmed from Lesotho, is not true, although PRG are still working hard to get the finance.

(Sorry to split the message - didn't know that hitting enter for a new para would post last!) the RNS stated: '....The Company maintains the view that the development of Mothae is highly synergistic with its Lemphane Kimberlite Pipe Project (‘Lemphane’). Accordingly, it will negotiate directly with the Government of Lesotho, which controls the definitive approval on any transaction in respect of developing Mothae, and will update the market accordingly on progress made.' So has PM indeed been chatting with the Minister and achieved a deal? Can anyone shed light on what exactly the Lesotho governmental position might be in regard to 'definitive approval'? Can they twist Lucara's hand and force a deal? Can they provide finance?

This little snippet of news is just what we need to keep spirits up. I hope that it stems from this statement issued in the RNS of 14th December:

PB, same here mate, I was so over invested in PRG, but PM sounded so convincing, then it all went wrong. I just can't see what PM hoped to achieve by getting PRG delisted, unless he was just so worried about the SP. The optimist in me is hoping for a miracle, let's hope PM can deliver

Hi Johnny, many thanks for your message, and a very Happy New Year to yourself! It's a miserable life on iii portfolio seeing them recording my investment in PRG as 100% loss - that's half my retirement capital shown as down the drain. I don't know which interpretation of PM to believe, so the optimist in me wants 100% to support Holeefook's last. But failure after so long to appoint a replacement nomad is my chief current concern - does it really take so long if at least a substantial part of PRG's affairs remain in order? Fingers, toes, arms and legs crossed for a happier end to 2016! Happy New Year to all holders.

Hi Pharma Brown, good to see our respective BBs are still up and running. If they are taken down, see you on here. Happy New year matey.

Agreed Johnny. I've just now come onto this site with that in mind.
Happy Christmas, and may we all enjoy a prosperous new year!
PB

Calling all LSE and III users. If your PRG BBs are closed on your respective sites, and this really goes belly up. This BB may well be the best place to keep in touch.

Hi All, I purchased shares in Paragon back when it was 3.9 so am waiting with fingers crossed for them to pull some diamonds from the ground, then im sure it will convince any investor to get onboard. So when do we think it will break 10 pence ?

gg, with Lanstead's shares gone, and funding in place, it's a possibility.