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PGR Phoenix Global Resources Plc

6.50
0.00 (0.00%)
02 May 2024 - Closed
Delayed by 15 minutes
Phoenix Global Resources Investors - PGR

Phoenix Global Resources Investors - PGR

Share Name Share Symbol Market Stock Type
Phoenix Global Resources Plc PGR London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 6.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
6.50
more quote information »

Top Investor Posts

Top Posts
Posted at 09/1/2018 17:30 by stuart14
Anyone understand what this all means?

nteroil Demerger

The Board of Phoenix is pleased to announce that, further to the circular dated 7 November 2017, the Reduction of Capital becoming effective on 14 December 2017 and the delivery of interim accounts of the Company for the period ended 14 December 2017 to the Registrar of Companies, the Interoil Demerger completed today.

The Interoil Demerger will result in an entitled Shareholder receiving one Exchangeable GuernseyCo Share in IOX Investments Limited ("GuernseyCo") for each Phoenix Share held. For a period of six months following receipt by GuernseyCo of the Interoil Shares, holders of Exchangeable GuernseyCo Shares may exchange their Exchangeable GuernseyCo Shares in consideration for the transfer to them of one Interoil Share for every 36 Exchangeable GuernseyCo Shares (subject to adjustment). If an Exchangeable GuernseyCo Shareholder does not exercise the right to exchange in the six-month period then GuernseyCo will sell the remaining Interoil Shares it holds as soon as practicable and the net proceeds will be distributed to the remaining GuernseyCo shareholders on a pro rata basis.

Any Exchangeable GuernseyCo Shareholder who exercises its right to exchange (other than a nominee who holds Exchangeable GuernseyCo Shares on behalf of an underlying investor) will be required to exchange its entire holding of Exchangeable GuernseyCo Shares for Interoil Shares.

Share certificates in respect of Exchangeable GuernseyCo Shares will be issued by 5 January 2018 and will be sent by post or airmail.
Posted at 05/1/2015 19:51 by mike111d
Multiple private investors who IMO were caught out by a false rise.
Posted at 14/10/2014 19:23 by r g fletcher
This aint old news lol this is from the Kyrgyz press a couple of weeks ago.



The Kyrgyz government’s penchant for trying to revise deals with foreign investors stands to have a big financial backlash. An assortment of angry investors anticipates winning damage awards totaling almost $1 billion in international arbitration.

The plaintiffs’ primary concern isn’t connected with the soundness of their respective cases against Kyrgyzstan; most are wondering how outstanding and potential arbitration awards might be squeezed out of a bankrupt government with few foreign-held assets to seize in lieu of payment.

Weighed down by nine unresolved international disputes ranging from seized mining licenses to an expropriated hotel, Bishkek created the Center for Judicial Representation in February to coordinate its legal defense. Representatives of the center are reluctant to talk to the press, leaving local media keen to know how much the government is paying in legal fees in Moscow, Ontario, Paris, the Hague and other locations. They also want to know where that money is coming from. The total value of the disputes, before legal fees, is upwards of $925 million (about 13 percent of GDP), according to the Ministry of Justice.

Bishkek is now facing two unenviable choices: paying out on cases it loses – a largely unfeasible option, given the country’s budget woes – or following the reputation-damaging strategy of stonewalling. Early evidence suggests the government has embraced the latter, as wronged investors eye its only serious foreign holding—shares in Centerra Gold, operator of the country’s one key industrial asset.
Posted at 06/8/2014 13:29 by panadin
Nap: you must must be thrilled to be slagged off on a thread you started, particularly by Treacle who has been calling share price up for some time now, but doesn't see the irony of feeling the need to report daily trades ( which we all can see) most at the lower end of the ridiculously wide spread. At the other end of the spectrum we have those who confidently predict a placing at half the current share price New investors must not read this bb....
Posted at 04/8/2014 20:10 by treacle32
Costed Stan only around $300,000 for their tribunal in Moscow - very quick duration too. Stan wrote to their prime minister for the monies a day before PGR lawyers wrote to them too and submitted their notice claim. The pressure must be on and imo any windfall of £20m without tribunal or go back in the ground for which we are fully funded and for the drilling via £1m convertible loan from instituitional investor. One of the better juniors and minimal issue of shares over the years after the directors stumped up £120,000 at 0.40p within the big fundraising at that price.
Posted at 30/7/2014 12:22 by treacle32
I don't know about 4p valuation previously.

All I know is that it is valued at only 1.60m mkt cap - with possibility of a over a 1m oz of gold and possibly silver too. Hence I have bought 8m shares at these crazy prices over the past 4 weeks and will add a further 2m on Friday hopefully and then await newsflow.

Fully funded for drilling via 1 million pounds convertible loan from instituitonal investor and be given to PGR in quaterly installments.

For day to day running did small fundraisings at 0.20p and 0.13p late last year.

Also, board also looking at other projects now too to quicker shareholder value creation.

Don't ignore PEEL Hunt, Mc Keon, and Lanstead holdings news of recent.
Posted at 17/7/2014 21:18 by mo2550
Thanks Treacle32 - Agree PH will bag a tidy profit if share price breaks out on back of the long awaited news - it's must be imminent now - gla genuine investors
Posted at 10/7/2014 23:03 by genises
Treacle mike likes to follow me around.
He seems to pop up in stocks Iam invested in.
I don't post like you been their done it with rgt .
Got my fingers burnt with that company big time.
Recovering my loss in rem like other rgt holders.
Will be using the losses to off set against the profits.

Give it a few months and with news of restart of drill results i see investors will pile in.
Posted at 30/6/2014 14:40 by loverat
Treacle32

Nothing wrong with a punt. Mike111d seems to take a special interest in mining stocks with market caps of less than 3 million and warn punters and investors to stay clear. Funny thing is when these stocks were 20 times their current value he was nowhere to be seen.
Posted at 31/8/2013 17:07 by richie1218
Gold price making a comeback: Factors that are driving its resurgence

Associated Press August 31, 2013

The price of gold touched $1,420 an ounce this week, a three-and-a-half month high, as escalating tensions in the Middle East, volatile currency markets and renewed demand for jewellery in China and India pushed prices higher.

Gold has rebounded 15 per cent to $1,396 an ounce since sinking to $1,212, its lowest level in almost three years, on June 27. A gain of 20 per cent or more would put the metal back in a bull market.

Gold's resurgence follows a rough ride this year.

Gold slumped 4.8 per cent in the first three months of 2013 as the outlook for the economy improved while inflation remained subdued.

For many years prior to that, large investors, like hedge funds, bought the metal as a way to protect their investments against rising prices and a slumping dollar. They feared that the Federal Reserve's stimulus programme could cause prices to rise. But inflation remained subdued and that reduced the need to buy gold. Also, signs in January that the dollar was strengthening diminished the appeal of owning gold.

Then in April, the bottom fell out. A proposal that Cyprus sell some of its gold reserves to support its banks rattled traders, prompting concern that Spain, Italy and other weak European economies might also sell and flood the market.

Gold plunged by $140 an ounce, or nine per cent, on April 15 as investors unloaded their holdings. That was the biggest one-day decline in more than 30 years.

While the price of gold is still down 17 per cent this year, the metal is on the rise.

Here are the factors driving its comeback:

A LITTLE INSURANCE
One of the reasons people buy gold is that it offers an alternative to more traditional financial assets, says Mike McGlone, director of research at ETF Securities, a provider of commodity-based exchange-traded funds. When financial markets get jittery, investors often buy gold because it is considered one of the safest assets that can easily be converted to cash.

As the stock market soared this year, rising as much as 20 per cent, investors had less need to hold gold.

That has changed the last four weeks.
The Standard & Poor's 500 index has lost 4 per cent since reaching an all-time high of 1,709.67 on August 2. Traders are concerned about when and by how much the Fed will pare back on its stimulus, a major driver behind the market's rally.

Strife in Egypt and Syria has also reminded investors that it's a dangerous world out there: wars can spread and oil prices can spike, hurting economies and stock markets.

Investors want to add back a little insurance to their portfolios these days.

"If we lived in a perfect world, we would not need gold," says McGlone. "But since we don't, we do need something that is the ultimate store of value."

Investors don't need to buy gold bars or coins to invest in the metal.

Exchange-traded funds are investments that are similar to mutual funds. Both can be bought and sold on exchanges. Some of these funds, such as ETF's Physical Swiss Gold Shares and SPDR's Gold Shares, allow investors to buy into trusts that invest directly in gold.

HAVEN FROM STORMY CURRENCIES
The Fed appears close to reducing its $85 billion in monthly bond purchases, and that has stirred up currency prices worldwide, particularly in emerging markets. Investors had previously borrowed in dollars at low rates and then invested in faster growing economies in Asia and Latin America.

Now, that trend is reversing. US interest rates have started to climb in anticipation of the Fed's reduced stimulus. Investors are selling their emerging-market holdings and converting the proceeds back into dollars.

The value of the Indian rupee against the dollar has plunged by more than 11 per cent in August on concerns that surging oil prices are pushing the country toward an economic crisis. The Indonesian rupiah has also slumped.

When currency markets become volatile, investors worldwide look to invest in safe assets that will hold their value, says Dan Heckman, a national investment consultant who specializes in commodities at US Bank Wealth Management.

"Gold does fit that role," he says.

JEWELLERY BUYERS
Speculators like hedge funds were behind the surge in gold over the last decade. That sent gold to a peak of $1,900 an ounce in September 2011. It also priced out a large part of the market - jewellery buyers in countries like India and China. In those countries, people have traditionally bought jewellery as a way to invest in gold.

When prices slumped this spring, though, those buyers jumped back in because people in those countries bought more gold.

The World Gold Council, a trade group for gold mining companies, says in a report on Aug. 15 that consumer demand for gold surged 87 percent in China in the second quarter, compared with the same period a year earlier. Demand in India climbed by 71 percent.

Gold still remains far below its inflation-adjusted peak. It rose as high as $873 an ounce on Jan. 21, 1980. Adjusted for price increases that would be worth $2,475 in 2013.

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