Pangea Diamond Share Discussion Threads

[miyk] 31/3/2010 16:15

The merger between Pangea Diamond and International Gold Exploration (IGE) was approved on 26th March
2010.
The consideration for the merger will be satisfied by issue of 495399057 new ordinary shares of IGE. An interim
distribution of approximately 87.5% of the consideration shares will also be made.
Further details of merger have not yet been annouced but any information we receive will be forwarded to
shareholders.


PLEASE ADVISE?

[miyk] 31/3/2010 16:10

Can aNYONE INFORM WAHATS THE STATUS OF THESE SAHRES? ARE THEY GOING TO CANCEL ON AIM?? ANY SUGGESTIONS??

[jprouten] 31/3/2010 10:51

Anyone know if this is the last day of trading these shares?

[tradermel] 27/2/2010 12:33

alex raga

Do yourself a favour and invest your money elsewhere.

IGE do not have moch money
IGE have a history of raising capital without including PI's.
IGE is an exploration company (PDF's own troubles have arisen since they have tried to go into production)
IGE need capital to get their own proven finds to the market
PDF are worthy of a better TO
To sell IGE shares you will need an Oslo trading licence through a broker and all the tax hassle that ensues.

Been in PDF for over a year and sitting on a 40% loss. This is a rotten merger for PI's, so beware. Also beware of new holders telling you this represents a good deal as they are only looking to exit before the merger.

[alex_raga] 23/2/2010 20:01

hi everyone just come across this and projects seem interesting. But can someone tell me whats happening at the moment here. and why the merge with IGE AB BY DISPOSAL OF ASSETS

alot of valume being traded here which is a good sign.

The thing i like alot about this sector is i see diamond prices increasing which with one of the reason for many of the projects to come on HOLD and that goes with other diamond companys.

[andrbea] 23/2/2010 09:41

doesn't sound good to me

sole listing thereafter is in oslo

which isn't easy for us to trade in & out of.


I'm out.

nia dyor

[newswseller] 23/2/2010 09:31

Guys I have a share below that should 4xbagger within the month.

INL - Current price is 18p but should be worth north of 79p

Current nav is 24.9p so still at a discount to nav




----- Reasoning for 4 x bagger ---------

At the AGM it was mentioned that getting planning permission for West Drayton would add approx £105million (before debt) to the value of the company (25% of the £420 million total devlopment value)

At the end of june the total debt was £8.489 million

£105million-£8.489 million divided by 174,815,079 shares in issue, gives an extra 55p per share to make the potential NAV 55p+24.9p = £79.9p

So we have a share at 18p that should be worth 24.9p currently (current NAV) but should be worth 79.9p

[the ross] 22/2/2010 18:45

Hey whats the bets of a bit of buy and sell pressure..could pass 1.7 if it gets enough interest? it's certainly a lot more positive than the RNS's over the last few months and a consolidation with another company... anyone got any recommendations for Oslo Stock Brokers!!! Plus Krone vs GBP! we going to stung there as well. Gen Q?

[someuwin] 22/2/2010 15:07

Should soon get up to 1.7p level.

[dadyal] 22/2/2010 14:48

LOOKS AS THIS ONE IS JAMMED AT 1.275, IS DOWNHILL TREND BACK WHERE IT COME FROM?

[waleriuszwatrobka] 22/2/2010 14:17

...the top spot booked for RLH ;-)

[dadyal] 22/2/2010 14:12

SOMEUWIN
didnt manage to stay at top, falling rapidly downhill

[someuwin] 22/2/2010 13:25

Number 4 on the top risers.

[someuwin] 22/2/2010 13:20

"the consideration represents a value of approximately US$47.6 million, or 1.7p per Pangea ordinary share. The consideration represents a premium of approximately 81 per cent."

[someuwin] 22/2/2010 13:09

Certainly looks too cheap.

[dadyal] 22/2/2010 12:17

LOTS OF BUYER'S COMING IN FOR THIS

[wattzy] 22/2/2010 12:06

That's the equivalent price mentioned in the rns released today, seems like a good deal. An 81% increase on current share price was mentioned.

[dadyal] 22/2/2010 11:55

WATTZY
thats over 66% is that possible?

[wattzy] 22/2/2010 11:01

Looking good here for a rise to 1.7 at least, just under the radar.

[wattzy] 22/2/2010 08:28

Can't imagine they will be this cheap for much longer.

[n0rbie] 22/2/2010 07:40

Shame. Wish I had an average below 1.7p...

Bet they won't give us a chance to buy below 1.7p today either.

[pelleeds1980] 22/2/2010 07:07

Nice bit of corporate action - merger at effective price of 1.7 so 81% premium to closing price

[bw123] 11/2/2010 07:59

Agree, confidence to lend the money is all important and should see the company cash generative rather then going bust....happy to hold.