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PGL Peninsular

6.25
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Peninsular LSE:PGL London Ordinary Share GB00B09TKL88 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 6.25 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 6.25 GBX

Peninsular Gold (PGL) Latest News

Real-Time news about Peninsular (London Stock Exchange): 0 recent articles

Peninsular Gold (PGL) Discussions and Chat

Peninsular Gold Forums and Chat

Date Time Title Posts
03/7/201512:12Peninsular Gold (AIM: PGL) shares are about to get moving981
11/6/200610:45Persian Gold69

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Peninsular Gold (PGL) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Peninsular Gold (PGL) Top Chat Posts

Top Posts
Posted at 02/12/2014 13:58 by timgw
Can't see any good coming out of it unfortunately. They do not hedge gold so the current low price has probably done a lot of damage. Have had this one in the "write off" section of my portfolio for some time.

(Later: Second RNS seems to imply it is all over bar the shouting! (IMHO/DYOR) )
Posted at 21/2/2014 12:13 by thomcooper
Just arrived here. Dipped toe in. Tidy little co but what on earth is going on with that loan?

I get the impression that their cost of production is probably quite high & with gold price slumping since last financials & EM interest rates rising, they're probably short of operating cash, but surely they could have got better terms than a share option.

Not sure who's lending? Another reservation is that the board, whilst having some historic mining experience - don't seem to be thoroughbred mining guys. That being said, it doesn't mean that they don't know how to deliver.

Possible buyout if gold price goes north? Would like to see them cut down the leverage a bit. Anyone know how long the debt is fixed for? Their main asset seems to be the smelter but presumably they could sell off some of the satellite fields in the future if gold climbs...
Posted at 23/1/2014 23:29 by v1d
21trader - it'll be interesting to see what they do now that their cover has been blown. Looking at the trade volumes over the last few days they could have 1m - 1.25m hanging around - unless they have done some block deals with clients - always possible.

Maybe 5p or so for a short while, as you say - if anyone wants any more, that is!

Not helping the company any, if they are trying to persuade the holder of the Loan Notes to convert at 12p AND cough up another 3p a share for the privilege.

Oh, the joys of the AIM!
Posted at 23/1/2014 19:25 by v1d
21trader - many thanks - that would explain why WNTS were operating in the dark pool of "PLUS". It worked to an extent, because I and others bought some, although at less than 7p overall.

The big question is - why is the seller distressed? Redemptions demanded from an illiquid fund, or do they not buy into the story of improving gold prices this year and feel that PGL is doomed?

I'm definitely letting my shareholding run and maybe add some more.
Posted at 23/1/2014 19:08 by 21trader
VID

Winterfloods are always the mm that buy blocks off a distress seller and they never lose money infact they make great profits because they get time before they
disclose it and can sell quite a bit of it at over 50% profit and even when the
trade shows they know they can drop the price and sell the rest for a profit even
if they offer 5p for the last bit of it, they shifted a fair bit of that stock
in last 2 days for 7p+
Posted at 23/1/2014 18:50 by v1d
21trader - do you know if the WNTS trade is a block of shares which they have bought themselves, or a block traded from one holder to another across the market? It would be unusual in the extreme for a market maker to go "long" - they play the book to the "short" side as far as I know.

Even at present gold prices the company appears to be EBITDA positive - there's something like £4M of Depreciation and Amortisation written off p.a. in the accounts. However, cash is a problem unless the PoG improves. (which it seems to be doing right now).

Am I right in my reading of the Loan Note Terms? Conversion to shares at 12p plus an additional 3p at the Noteholder's option, otherwise the Loan Notes are redeemable in 12 months from issue - in which case the company has to pay back the principal (£1.2M or the unconverted portion) plus £300k or 3p per share equivalent?

As you say, WNTS are hardly encouraging the punters to pay even 6.5p! All very odd.
Posted at 22/1/2014 15:37 by v1d
21trader - It seems a bit odd that, as you say, they will sell at a premium to the offer price, but don't raise the offer.

I had assumed that someone (Baker Steel??) was just dumping their holding and that there was a significant overhang to clear, but is that what is going on here?

ALEOAP - long time since our musings on the CNR BB!! Have you any theories?
Posted at 27/8/2013 16:31 by captain_crash_and_burn
Right in that case I continue to be baffled by the prices of some of these junior goldies but unfortunately I've had my tail burnt recently so don;t want to plough in until I can take some others out :D. I am sure that PGL will end up doubling just before I get the chance to buy in, certainly can't see it dropping much further though.
Posted at 27/8/2013 13:20 by captain_crash_and_burn
Hi Eric, gold rocketing away can't be a bad thing for old PGL, do you know what the JORC resource stands at currently.

I think if gold were to settle around $1450 co's like PGL should do very well indeed over the next year or two!
Posted at 08/8/2011 16:05 by horndean eagle
PGL share price is a reflection on management and their performance so far. Deeply disappointing. Don't fancy their chances at getting another placing away if thats what they had in mind.
Peninsular Gold share price data is direct from the London Stock Exchange

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