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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Paragon Res | PAR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.22 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.22 | 0.22 |
| Top Posts |
|---|
Posted at 10/5/2017 12:48 by targatarga And it shows me that all along from the Noventa days to now, it was a way of getting money from gullible investors. Original investors in Noventa were given the run around.Just look at the string of dodgy announcements! imho |
Posted at 10/5/2017 11:21 by herringsarered Paragon Resources plc(“Paragon̶ 9 May 2017 Company Update The Company hereby provides an update to Shareholders concerning the affairs of the Company since 10 March 2016, the date of the Company’s last update. As Shareholders will be aware, the Company has been pursuing an investment in the Ambato Project, a potentially high grade rare earth elements project in Madagascar. As previously announced, the Company’s ability to complete the acquisition of the Ambato Project is dependent on the Company receiving new funding. In May 2015, the Company received binding commitments for £1.5m for this investment from two investors (the ‘Core Funding’). Further commitments were received in August 2015 for an additional £0.5m (the ‘Additional Funding’), which was conditional on the Core Funding being received and the re-listing of the Company on the AIM Market of the London Stock Exchange (‘AIM’), which was to be completed by 28 August 2015. The Core Funding was not received on time to complete the re-listing and the Additional Funding commitments lapsed. Despite daily communications with the investors who have committed the Core Funding, and the existence of legally binding subscription agreements (‘Subscription Agreements’) for the Core Funding, these investors have not yet complied with their obligations under the Subscription Agreements. While the Company remains optimistic that these investors will comply with their obligations and there is a reasonable expectation that they will do so, the Board has consulted lawyers concerning the basis for an action for breach of contract against these investors. Whilst this has been confirmed, the Company’s ability to pursue any legal claim is subject to raising sufficient litigation funding. In the event that the Company is unable to secure the Core Funding, or obtain litigation funding to pursue legal action against these investors, then in all likelihood the Company would be wound up. Based on the Company’s financial position at the date of this update, no amounts would be available for distribution to the Company’s Shareholders. The Board understands that this update does not provide the satisfactory news that Shareholders have no doubt been hoping for, which is in part the reason for the time between this and the previous update announcement while the Board has worked constantly on trying to get the Core Investment drawn down. This effort is continuing without let up. The Board would like to reiterate that all communication with Shareholders must continue to be through fully approved announcements and Shareholder documentation and/or Shareholder meetings. This is required to ensure that all Shareholders are provided with the same information, and therefore no direct contact to the Company whether by telephone, text or email will be responded to. Further announcements will be made as soon as there is relevant news. |
Posted at 30/9/2016 12:30 by bagless cleaner sirigold - No one will admit any wrong doing. The private investor is on his own. Remember park equity and the other bucket shops. Investors were compensated up to a point.The aim mess is enormous in comparison! |
Posted at 13/1/2016 21:21 by sirigold Why only for a short time, couldnt you post it and leave it?. other investors may see it and follow your lead. Thats the best thing. We will need help from others to get this moving, up to you of course, but i see no reason for removing it |
Posted at 11/1/2016 19:54 by sirigold Mike. Look. We cannot blame bad market conditions. Simon Hunt and Nick Harriss, are investment bankers by trade. They have access to the rothschild family silver.We alsi cannot say " on Aim they shaft investors" and just let it be ok, because its not the main exchange. Fraud and corruption is fraud and corruption. These people were being paid to do a job for us. How have they behaved? If you paid a painter £150 for a day, painting your bedroom, you would not phone him up if it was a horrendous job? Of course you would.. Just because they are privately schooled and sitting in plush offices means nothing to me! 2 shareholders have sent emails asking for investigation, the email address is aiminvestigations@lo |
Posted at 11/1/2016 15:04 by sirigold Mike... unluckyone. The time has passed for complaining on this site. It is the Duty of the FCA to investigate fraudulantly run companies. I think we owe it to ourselves and future investors on the markets to hold these guys accountable. No?? |
Posted at 09/1/2016 14:37 by sirigold Mike, there is another investor, over om the LSE board contacting the FCA, and askimg for an investigation.it certainly warrents it. I have loads of information, unshared here that will be used, trust me. The issue will be the FCA and their willingness to do a thorough investigation.. After all, Everybody knows the FCA are in on the Game, and do not like pressing their own blue blood buddies from private school, who run the fraudulant companies... However, i feel it must be done. Es muss sein! |
Posted at 06/1/2016 21:48 by sirigold Jo jo jo was another one.Showed up immediately after Luca Bechis, took away the Noventa assets Post after post about the positives of being a clean cash shell, and little or no mention of the aggressive and unfair tactics employed by Richmond Masters Limited to comandeer the assets. These boards are home to not just genuine investors, but company insiders planted to suppress dissent and to encourage acceptance of an unacceptable situation. |
Posted at 01/9/2015 13:16 by targatarga By refloating these the directors and advisors will rejoin the gravy train, nvta took millions from investors but couldn't produce.How long before production and how much more dilution to come. These projects cost millions!! |
Posted at 31/8/2015 17:17 by bam bam rubble With a boatload of aussies waiting to sell UK investors may need to get in lineQuote from the group they bought the license from, Perth-based M.R.E Mining Ltd; "We aim to divest our exploration licenses into internationally listed vehicles [then sell the shares] to generate returns to the shareholder group" |
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