luciano uk
28 Jul 2016
Re: swooped My take out of this is that PM likes to maintain his legal integrity.In other worlds you can not take him to court, for something that has been said by someone else.It should create a good picture of the subject in question.On another subject I wonder if ANY of the shareholder that attended the meetings, had the courage to as directly to PM why he misled investors, by declaring certainty in been able to receive funding for the mining project, when it as been years since prg had a license to mine but never receive a penny from finances, beside the poor shareholders that have been miked to the bone.???????????????
scholomo
26 Jul 2016
swooped Last year Swooped was posting regularly on Advfn and this site.He seemed to have regular optimistic e-mails from Philip which he posted.They seemed genuine but why Philip would pass this info through a third party was a mystery.This poster has not appeared for months.Anyone any ideas as it seems very strange?
HPC Follower
24 Jul 2016
Useful Meeting Can't say much but PRG could yet have a good future in my view at least. The Executive Chairman, Philip Manduca, was refreshing frank and did his best to actually answer all the questions.If you want to hear more and have already proven that you are a PRG shareholder, even if you couldn't attend the meeting earlier today, then please contact Vince by email:-Vincent Bryan <[email protected]>Ps For those who did attend, I am the tall gent who wore a blue tea shirt in the back row....
HPC Follower
22 Jul 2016
Re: Upcoming shareholder meeting I'm 6' 3" tall, greying hair nowadays, so feel free to introduce yourself with your III User Name initially.In some respects it's actually nice to be on the "inside" for once (especially in comparison to GKP over the last year or two) although we must all respect the confidentiality in this.Lemphane will be enough to start with, although I do wonder what might be leveraged from working with FDI, just 15 km down the road and 3 months away from re-starting production from the Liquobong Main Pipe with all new facilities so they will be able to capture very large gem stones without breaking them. PRG must ensure they capture their best gem stones without damage if they are to get cash positive quickly, to justify the main plant which will be needed - hopefully to even better deploy equipment bought for the first phase.Mothae will be mined eventually... but when and by whom are open questions.
luciano uk
16 Jul 2016
Change of plans ..unfortunately work commitment won't allow me to take part, in the coming shareholders meeting.I was looking forward to meet you all, they say misfortunes are less painful when shared...Anyway if anyone of you is bothered to send me few paragraphs to update me on what discussed at the meeting, my email is [email protected] L
Guitarsolo
15 Jul 2016
Re: Upcoming shareholder meeting Thanks for your post PB, Re my wrist it is most frustrating. I am not a patient patient and am having to postpone trips to Panama and the Dominican Republic which are becoming quite pressing. Oh well. I understand the need to restrict comment away from public places. Indeed I am registered with the PRG SA and receive Vince's missives. I won't quote those comments from him but in his recent note he referenced being asked to confirm the status of Lemphane and I have presumed that was prompted by me and possibly others. If you received Vince's email you'll know what he said but you'll also appreciate that this was not directly answered. Lemphane alone is a potential gold mine (well diamond!). Mothae was the cherry on top as it allowed for cost savings but wasn't part of the plan when PM was still as optimistic as an English football fan! So Lemphane alone should still be enough to get excited about if we can get funding in place and, as you say, answers to all the questions why PRG was delisted, the NOMAD issue etc. I too have written this off in my mind but, like you, still hold out hope that this could be a massive success. GS
Pharma Brown
15 Jul 2016
Re: Upcoming shareholder meeting I've been rereading all our posts on this bb from beginning of November 2015, and it has been an edifying read. One can sense the feelings of excitement and dismay, confidence and disbelief, which we all expressed at that time. It has lifted me a little out of my current gloomy outlook. After all, little has changed except that we are now a private company (therefore cannot trade) and still seeking finance, with a seemingly highly investible leader in PC. There must still be a better chance of my 1 million shares making me a millionaire than of winning the National or Euro Lottery! I look forward to meeting HPCF, Luciano and Scholomo (if we can identify each other! - how might you be recognised?), and am very sorry that we won't be seeing Guitar with whom we had such excellent dialogue.Safe journeys all.
Pharma Brown
15 Jul 2016
Re: Upcoming shareholder meeting Hi Guitar,Sorry to hear you are indisposed.The ruling is strictly no posting of any details on public boards which can be accessed by non-shareholders, as this could then get back to those with whom the company is negotiating and thus scupper or damage our chances if they know the strength or weakness of our hand. However, if you have registered your shareholding with PRG by supplying the required evidence, and are on the Share Association's mailing list as a bona fide shareholder, then you will get limited feedback from Vince through those mailings. If they are being cagey with you regarding current state of licences then perhaps you have not proved your shareholding? You could ask Vince by email. But once you are on PRG's list of verified shareholders and known as such to the Shareholder Association, the best way would be to telephone and speak to PC.Good luck to all shareholders here!My portfolio was split almost 50/50 between MARL and PRG, but just a few days before PRG share trading was suspended I sold a third of my MARL to add to my PRG with the aim that when the deal was announced I would take the same out of PRG and return it to MARL. Whereas my PRG is now showing 100% loss on my iii portfolio, my MARL is showing 229% profit. My biggest concern is to understand why they locked shareholders into PRG by suspending trading prior to resignation of the Nomad. Many companies if they see themselves becoming delisted would let the nomad resign and keep trading open so that shareholders could sell up if they wished. It is no advantage to PRG to have delisted at a higher share price. Hmmmmm.
Guitarsolo
14 Jul 2016
Re: Upcoming shareholder meeting Pharma B, HPC et al,I'm pleased to hear that another meeting is about to happen and hope there's still life left in this puppy. Unfortunately, I am unable to attend as I broke my wrist a week ago and can't drive (from Devon there aren't many options). Plus I have a 3 and 5 year old to help look after. Anyway, good luck to those that are attending and I hope this time feedback can be shared with non-attendees. It is my understanding that PRG still has the mining license for Lemphane but Mothae is uncertain. However, I would seek PM's confirmation that rumours of the Lesotho government revoking 9 licences does not include Lemphane and PRG. I've asked the Shareholder Association to ask PM directly but haven't had a straight answer. [link] Guitarsolo
Pharma Brown
12 Jul 2016
Re: Upcoming shareholder meeting .....should have added 'Glasses; 60-70 age bracket; vertically-challenged; fly-away hair trying to cover balding top'! Very identifiable!!
Pharma Brown
12 Jul 2016
Re: Upcoming shareholder meeting Good, that's 4 of us there so far. Will be great to actually meet with you! I'll be wearing a navy blue blazer with a small pale blue badge in the lapel which on close inspection is a Photographic Alliance of Great Britain (PAGB) badge (awarded when I achieved the Credit Award of the PAGB entitling me to add CPAGB after my name and call myself an 'Award-winning Photographer').I've mentally written off the investment here; so if things manage to come together so that something is returnable I'll be happy. The upside could be great IF things can fall into place; but that IF is very high risk! Bottom line as an investor is Do NOT post any details anywhere!! When you hear Philip Manduca describing the intricacies of potential negotiations and scenarios it becomes obvious that as investors we do NOT want potential deals personnel to know what cards we may - or may not - have in our hand. Poker player faces all!!See you there!
HPC Follower
11 Jul 2016
Re: Upcoming shareholder meeting I also hope to be there, but I'm sure the company will be looking for additional funds... not so easy nowadays for any plan they might present with diamond prices still relatively low.The kimberlite they have is relatively small for the mining investment ($100m+) which may be needed to mine the resources and extract the highest value gemstones - looking at FDI as a comparison. Right now it's difficult to know whether any of our investment money is left; and obvious questions are a) how much cash does the company have now; b) what is owed presently; c) what are their assets worth and d) what is planned and how is this to be funded; and, e) what is the forecast return (NPV).Why not a merger with another diamond mining company in Lesotho, to share facilities and save costs?Can they return any cash to shareholders if they don't proceed to mine the resource?
luciano uk
09 Jul 2016
Re: Upcoming shareholder meeting I too will be coming this time, hoping for some good news....See you there and finger crossed.
scholomo
04 Jul 2016
Re: Upcoming shareholder meeting Did not attend the last meeting but have my invitation to this one and will definitely be attending.
Pharma Brown
03 Jul 2016
Upcoming shareholder meeting Shareholders with this site still on their watchlists may wish to attend the upcoming meeting (very strictly for shareholders only), which is Sunday 24th July at 12 noon, near Luton. The announcement is now showing on PRG's website at:[link] you have attended the last meeting, or have subsequently provided proof of your shareholding to the Company, then you simply need to reply to the PRG notice and they will send you an invitation, which you will need to show at entrance to the meeting together with photo ID. If you have not previously attended then you will need to provide proof of your shareholding. My holding is with Halifax Online Sharedealing, so I photographed the screen showing my holding and account number details, then sent the photo to PRG as a jpg. I will again be attending. Hoping to see a few of you there!PB.
