Re: Sp When you have a decent sized investment in something it is tempting to constantly check the share price. But I have learned with this share that the only time to bother is after a decent RNS. Aside from that, you have to put up with the market makers playing games with the share price to try and knock investors either in or out depending on their whim. Of course, if you fancy a few more shares then the odd plummet to 5.5p could be tempting. I would see that as the floor for this share (he says hoping he is correct). Sit back, relax and wait for the summer. then PM should be able to give investors a decent update on phase 1. GS - steadily tracking west.
Sp Few large sales going through to day and no purchases.Private investors are growing nervous about a market correction.
stopping any price rise short and swift effort to tie down PRG price with persistent sells from15.28pm. Who doesn't want this company to prosper ??????END
Re: hands in purses Hello............extremely surprised to see that PRG is NOT off to the races thus farthis morning........ off the back of the brilliant article in Money Week.The article is a "must-read" for existing shareholders and hopefullyit will inspire many other investors to put their money in.PRG really is one the rare beasts that can enrich portfolios over thenext two years and more !!Rgds all.END
hands in purses Great to see PRG over the 6p mark (just) today.What it needs now is for us to raid purses, piggiy banks, money in jam jars,expropriation of offsprings' weekly pocket money, diversion of holiday cash............. even the mugging of grannies if need be.Then to plonk all the cash into PRG and encourage the uninvestedto follow suit and take us on past 7p and much more.(Dream on Phil ! !)END
Big buy Someone bought 1 million shares at 15.48pm....... not showing on this bulletin board's list of buys and sells today butconfirmation of the 'big 'n can be found on the list of lse bulletin board.Why not showing on here ??????P.S with obtala having sold out in the last few days this looks likewe are about to set of on an assault on the 7p a share mark.... and more.rgds all.END
A nice write up [link]
sale What is the 36million sale?
Re: becalmed around 6p mark "So it begs the question of why many investors are ignoring, thus far, what seems to be a huge opportunity to get in at a low price before the penny drops."This is a £15-20m AIM listed company and thus is way off most people's radar. Don't worry about it! Build a position for yourself and then sit back and wait. Not much is going to happen (imo) until at least the summer when we will start to get a meaningful update of the Q2 mining commencement. Even then, there may not be much movement unless the quantity or quality of stones is significantly different to the expectation. What will drive the share price is some good results or, even better, finding a 100+carat gem of high quality early on. The fundamentals are still strong. Diamonds are a very good investment, demand is high, productions is falling. PRG has a license in one of the very few proven diamondiferous pipelines that hasn't yet been mined. They have the equipment, they have the management. I personally am excited but am happy that this is remaining quiet and under the radar for now. Finally, Philip Manduca has dropped some hints about another mining prospect. The Dubai investment specifically included an option to draw down further money from them in the event of another opportunity. Diversification away from Lesotho would not be a bad thing imo. Forget 2015 and even 2016. This is an investment for 2017 onwards. Guitarsolo - better get back to reviewing details of a fraud at a Tanzanian gold mining group.
becalmed around 6p mark Hard to think that we are only four or five weeks away from (production) the beginning of work to dig out diamonds ........ with Dubai waiting eagerly to buy........... yet the share price sticks roughly around the 6p mark.Obtala may have a few more shares to drop on the market, but that to me is a minor consideration now.So it begs the question of why many investors are ignoring, thus far,what seems to be a huge opportunity to get in at a low price before the penny drops.Good luck all holders.... not much patience required at all !!!!!END
Re: action I agree.Hopes in my opinion of the Sp are to high.20p has been mentioned several times.Unless there is an RNS concerning a great acquisition the Sp will not really start motoring until stones are brought out of the ground.What bothers me a little is some posters are taking that as a forgone conclusion.
Re: action I am not sure just the act of commencing mining will do much for the share price as we are all expecting it. In my opinion we will probably have to wait for the end-Q2 update (perhaps August?) to see anything happen as this may contain positive news about finding stones and perhaps even a gem! Don't get me wrong, I think PRG is massively undervalued for the position it is in (30-year license with extensions in a proven diamondiferous (great word) location, top notch equipment leased, top notch management etc). But a mining company will truly be worth the value of the stuff it has mined, or should be able to mine in the future. There is nothing of the former yet and the latter is hopeful but remains unproven - only a very small sample so far. I have about 6% of my portfolio in PRG and that is plenty for an AIM listed miner. My prediction is 10-15p by the end of 2015 if things are going well, or 3p if they aren't!Guitarsolo
Re: action Thanks I was feeling very lonely!!
Re: action Hi there Scholomo........ thought I'd pop in, metaphorically, to buck you upas you've been on your own half the morning.Big RNS can't be long as the publicised starting date for mining is literally onlya month or so away -- at the latest....and barring any unforeseen hiccups.Bloody exciting... what ?? !!Best rgds.END
action Hardly any dealings or posts today.Everyone seems to be waiting for the next big RNS