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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Paragon Res | LSE:PAR | London | Ordinary Share | JE00B3YDHF95 | ORD 0.05P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.22 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.22 | GBX |
Paragon (PAR) Share Charts1 Year Paragon Chart |
|
1 Month Paragon Chart |
Intraday Paragon Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 25/10/2019 | 15:59 | Paragon Resources PLC | 1,049 |
| 09/10/2004 | 19:06 | If you're looking for Pan Andean Resources go to PRE!!! | - |
| 20/6/2002 | 10:07 | zzzzzzzzzz. | 4 |
| 06/3/2002 | 20:09 | Make a move. | 1 |
| 25/7/2001 | 22:56 | Time for PAR | 6 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 14/10/2017 18:33 by ununseptium Thanks a lot Targata. Will try that. Contacted the Jersey Register people but they were not interested and of no help at all.I once saw an official list of worthless shares approved by the Revenue but PAR was not on it! |
Posted at 27/9/2017 19:50 by ununseptium Is there some formality that needs to be completed before the losses from PAR can be offset against other capital gains? Will HMRC accept that these shares are now worthless? |
Posted at 02/5/2017 19:38 by john6185 Hi All. This share was a nightmare for me, and i sold out at a £100k+ loss after the Noventa asset auction failed to attract a buyer, and the assets were taken by Richmond Capital. I thought the fact that they defaulted within 2 month after the refinancing in which all the assets suddenly became secured under the loan, was very suspicious.But the reality is that I couldn't prove the criminal conspiracy which I suspected, and that these weren't just coincidences. Thus at that point there was no basis for legal recourse. I wasn't invested during the later period when the whole dodegy agrobusiness transactions took place, so I can't really comment on that period. It is however very clear that the directors failed in their duty to make annual returns and to properly notify shareholders. Their claim that they had become a private company following the de-listing does not appear to be true. But whether this was a matter of incompetence rather than fraud is unclear to me. I'll contact Alison de Breton, but I'm not sure whether there will be any financial benefit to shareholders. The director would have liability, if they can be proven to have acted dishonestly, but I'm not sure this would be easy to prove in court. |
Posted at 23/1/2016 09:40 by john6185 This is vaguely what I recall as the key sequence of events for NVTA that is evidenced by public RNS. I particularly loved the way they turned actual monies leant by Richmond of $14.5m into a $55.3m supposed debt. Which was used to set the minimum acceptable bid in the Sale Offer. That I recall was stated clearly in the sales brochure. Apart from this rather shocking financial manipulation, I have no firm evidence of the suspected collusion between the CEO Mr Torres and the ex-chairman and boss of RCP Mr Bechis, that led to the scuttling of the good ship Noventa. But the last chapter below stinks in my view.2010 Capital raising of $38m to build new plant at Marropino Initial capital raising for the project to build new plant, as old plant was grossly inefficient. Aug 2011 Further Capital raising of $30m to complete plant commissioning Due to delays further capital was required Jan 2012 Debt position Debt and lshort term oan from Richmond Partner Only a few months later an additional Bridging Loan of $6.8m was required from RCP RCP now with 12% of company May 2012 - funding crisis and discussion of long term secured financing with RCP Plant now over 1 year late in planned commissioning date Aug 2012 - Further short term Debt Financing $6.8m bridging loan extended to $10m, so $3.2m of new money to be drawable 23rd Nov 2012 - Secured Debt agreed to fund Marropino into production $10m max short term debt has somehow become $26.9m existing debt to RCP?? Basically they added all future expected interest of the lifetime of the secured loan from day 1 of the loan $2.5m of new $15m additional loan facility drawndown A handsome charge of circa a $2m arrangement fee and costs were added to the debt on this first draw down 26-28th Nov 2012 - Sell-off of entire 12% equity stake by Richmond Capital So just creditors now 11th Feb 2013 - Warning of technical default of secured loan terms as mine head grade dropped significantly No such issues had ever been reported before, and the head grade seems to have superceded the entire resource definition. This was a very suspicious event, considering all the asset became secured so recently 1st Mar 2013 - Discussion with lender regarding default, Darwin EFF and forward short selling of entire subscription prior to announcement Darwin blatantly forward short sold their entire subscription of $5m, which is illegal April 2013 - Settlement agreed with creditor and initiation of sale with minimum price of $50m With penalities the amounts now owed to RCP have magically become $55.3m . Basically $10m existing + $2m fee + $2.5m drawdown, means actual figure was $14.5m. So the penalty includes the inclusion of all expected interest to be accrued over the full 2 year term + penalties! HMAC assets put up for sale through agent Key point was that RCP demanded a minimal sales price of $50m. This meant that the sale was undermined from the start. April 2013 - Failure of sales process and final settlement to RCP Not surprisingly no bidders came forward and RCP took HMAC by way of settlement |
Posted at 22/1/2016 17:14 by sirigold John. The question is, Are you willing to share your beliefs that we have been defrauded, with the relevant authorities. ?The platform is in place. The authorities in the FCA and the Channel Islands are aware of the matter. They could do with more help piecing it together. I dont reckon we need to hold hard evidence... A reasonable doubt should suffice. If they want the evidence they can investigate. Which they will if enough shareholders/ex shareholders come forward. Especially you john. You lost £100,000 in the fraud. you believe the ship was scuttled = shareholders were defrauded. Could you articulate this to the authorities? |
Posted at 22/1/2016 09:00 by targatarga siri - Just look at mdx, you said it doesn't concern you but management got away with murder.Problem with par is finding something to charge management with! |
Posted at 11/1/2016 18:26 by devil20 Not defending them at all. We all know how AIM operates...we know we take a chance with any AIM share. It's got worse with the hard times in the stockmarket generally...particulEDIT: That now being just over 7000 after that consolodation. |
Posted at 09/1/2016 14:51 by sirigold Ps, Mike. The guy im talking about posted on the Hunter chat board, as the Par board was taken down, just in case you want to read what he has said.S Hunt told me "there are 480 shareholders, why are you the only one being awkward" I said "because im not letting you con me" and im watching what you are doing with my company and my investment. Where are all these 480 shareholders then? Any of you out there' |
Posted at 11/9/2015 17:21 by devil20 Had a letter today from my new broker(Hargreaves Lansdown)saying that my PAR shares could not be transferred from my old broker as PAR is delisted. Why I mention it is that it showed the number of my PAR shares held by the old broker is 1% of what I held there. So it looks as tho the 100/1 consolidation has been done. |
Posted at 04/8/2015 00:19 by n.marland My total guess is - Paragon Resources (having possibly received that mining company in Madagascar - associated with Andrew Richards of Tana?) will reverse in to Hunter Resources (Hunter's share price starting to rise?) - hopefully. Must be this sort of reason, why things are taking so long.Would make sense for Mr. Hunt to consolidate (streamline) his companies. ? in the absence of any information. |
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