Pharma Brown
07 Aug 2015
Government approval received Today's RNS should alleviate a few anxieties which may have been developing regarding the necessary Lesotho government approval of the acquisition of Mothae. We now have the green light, and are required as a condition to complete funding for both Lemphane and Mothae promptly. Philip Manduca has thrown in this intriguing statement:'We have to conclude the funding for both mines promptly, which indeed, is one of the conditions for the Ministry's approval. We have several serious level discussions occurring simultaneously, in addition to the original MOU signed with ITGT in Dubai. We will be updating shareholders as soon as we conclude one of these funding discussions as soon as practicable as we look to secure the optimal investment partner for Paragon, not just over the next 18-24 months, but also thereafter as we transition into full production at both assets.'Other irons in the fire in addition to ITGT? Hmmmm! Our fund-manager Chairman knows how to work the international financial market and create a competitive atmosphere. 'Back us now with the best deal, or this one-off opportunity may slip away' seems to be his message to the market. Good luck to PM - I'm loving the posture!!
luciano uk
14 Jul 2015
Re: topped up As predicted the dumping of shares from the usual suspect.I suppose we have to put up with it till his holding will be reduced, anyway this is for a 2/3 years time frame.Good
scholomo
14 Jul 2015
LSE site Intersting note from Swooped on LSE site
luciano uk
14 Jul 2015
Re: topped up are we ready for the next leg up to 10/12p?good spike up today and after consolidating at 5/6p range we are due a puss upward.
General Zod
10 Jul 2015
topped up with 50k shares, the only trade of the day so far!
scholomo
10 Jul 2015
news Where is swooped?Pm said he believes in transparency and news flow to share holders.Up to the last meeting with the finance minister he kept his word.From his last video it seemed the signing would be very quick.As we have heard nothing it seems there may be a problem.Surely as shareholders,and if he is true to his word, we should be told.
scholomo
08 Jul 2015
sp First time today getting a little concerned re the delay in any news from PM on his latest meeting.
josmith70
07 Jul 2015
xxxxxxx â€@mrhopefu1 28 mins28 minutes ago What you think of this? Grandinex raises cash at #PRG to invest in forestry divestment by #OBT. Nice one Frank Scolaro!
scholomo
07 Jul 2015
sp Pm is so intent on having a higher Sp is it not possible that he is withholding info on the last meeting so that as not to announce whilst the market is so turbulent.?
Guitarsolo
06 Jul 2015
Re: Sp Hi Scholomo, With the absence of any PRG specific news, I presume this is just risk aversion in the wake of the Greek situation. A lovely buying opportunity for anyone looking to top up. I would, but have enough of my portfolio in PRG to be honest. Time to just sit back and wait for this one. Not much likely to happen before Q4 of this year. GS
scholomo
06 Jul 2015
Sp Even with the delay of any news and the fiasco in Greece I did not think I would see a bid price of 4.91 again.
Pharma Brown
27 Jun 2015
Annual Report A useful update with details and plan outlines not previously given. Plenty to chew over. Personally I like to see a chairman making best use of the opportunity to promote his company on release of annual figures. The bottom lines, indicating that in 3 years time PRG might be clearing a profit of almost US$100m, is very exciting. What P/E might we have on that? Makes a market cap of £15m look crazy and my investment look very rosy!As has been said often before on this BB, sp currently depends on us getting production going and then finding that there really ARE those high-value large-sized stones as predicted. Meanwhile, building a larger holding at current prices remains my personal aim.GLA.PB.
luciano uk
26 Jun 2015
Re: directors buys Have to agree with you gsalthough short terms news may be unnervingone has to commit with this shares, if what to maximise investments.I suppose even PM talks of sp under valuations, comes form the massive commitmenthe has on PRG, hence I suspect his recent transfer of shares to a spread betting broker, shown his readiness to offload some....just in case.I got to give it to him.....21% owning of a Company is a lot of dough.Lets just stick to PRG fundamentals, without pay attention to the noise(including PM).
Guitarsolo
26 Jun 2015
Re: directors buys "AS far as I can see the directors have not bought any shares since Jan 2014"That's a bit misleading isn't it Scholomo? In March this year Philip Manduca upped his stake effectively to 60,700,000 shares (21.8% of the company) - albeit that 60m of that was through Titanium Capital, his private equity company. Its fair to say he has quite a lot of skin in the game. Plus, he paid for them! Much better than management simply being awarded huge numbers of gratis shares effectively paid for by diluting those shareholders who have actually paid for them. (See GSK CEO's shareholding- worth £500m!!!!!!!)Guitarsolo - waiting patiently, patiently for mining to start at BOTH mines simultaneously. Then a very welcome RNS around Christmas time that there are diamonds galore!
scholomo
26 Jun 2015
directors buys AS far as I can see the directors have not bought any shares since Jan 2014.
