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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Paragon Diamnd | PRG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 3.90 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3.90 |
| Top Posts |
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Posted at 26/3/2021 23:50 by varrirob Just thought I would check on the PRG thread out of curiosity. I had a quick look and noticed that he is a director of colossal nenuphar ltd dealing in petroleum and petroleum products. |
Posted at 30/1/2019 20:04 by festario I'd dearly love to hear from any of those who held Loan Notes in PRG before they were delisted. |
Posted at 05/11/2018 19:14 by beeks of arabia Oh dear, trouble at’ mill on the old VRS thread? |
Posted at 22/2/2018 11:11 by ilovefrogs Is this a VRS or PRG Board FFS?? Beeks, I've always enjoyed your posts, but your sudden obsessive focus on other stocks that clubbie holds is just starting to look a bit creepy/stalky. You must other hobbies apart from Clubbie-baiting, surely?. |
Posted at 23/9/2017 10:57 by club sandwich Been going back over my emails with Bryan. As far as I'm concerned it's open season on him now, and I intend to use his emails to destroy whatever credibility he may have left. It was expensive employing Capital Law to write that letter to him, and I intend to get my money's worth - if he had an ounce of sense he would have apologised and retracted.On 15th March 2016 I sent this email to Bryan: "BTW, I forgot to ask you when we spoke: do they still have Lemphane, or was the Lesotho Times article correct and the license lapsed after they failed to pay the $12m (which they [the license] must have, since they don't have it)...?" the same day Bryan replied: "It's crazy but it's one question that was never asked in the meeting. It was touched on by PM that his offer for Mothae was dependent on retaining Lemphane, i.e. it was an offer for both, and with that offer came the increased employment and wealth that mining the two sites would bring. So, I think hearing that, we all forgot to ask whether Lemphane was still licensed to PRG but the inference there is that they no longer have the license, otherwise why bother to mention Lemphane in the offer for Mothae?" Quite unbelievable IMO - Paragon was delisted, according to the Lesotho Times Lemphane had lapsed, and Manduca was, apparently, *still* trying to dictate terms to the Minister, demanding both Lemphane and Mothae before Paragon would do anything with either of them (and quite how that was going to happen, since they had no funding, no listing and no Nomad is a question that didn't seem to occur to anyone at the time). My reply, the same day: "Well you can't fault his ambition/delusion: if only he had the wherewithal to deliver it - after all, he's not exactly ina strong bargaining position ATM... this from the RNS of 5th May 2015: "Paragon's Executive Chairman, Philip Falzon Sant Manduca said, "This is a tremendous opportunity, a major coup for Paragon, one which we had to prioritise the acquisition of, once Lucara announced their intention to dispose of the asset at the end of last year, and wholly justifies, in my opinion, minimally re-scheduling our intended production timetable by a matter of a few weeks for Lemphane from Q2 to Q3 2015 to benefit from joint production savings and production efficiencies from both assets. "This hugely important acquisition re-rates and simultaneously de-risks Paragon's business model, and elevates us overnight into an important and sizeable diamond company. Our Dubai based partners, ITGT, have agreed to provide the entire funding, for both Lemphane and Mothae, of approximately US$28 million, to allow us to accelerate the combined production schedules of both assets. I do not expect any undue delay in signing the acquisition contract, as the Lesotho Government has been informed of the intended acquisition at every step of the process, intensively so in the last two weeks, and is encouraging a rapid commencement of the production schedule, which suits all of us." and this from July 2015 "Paragon Diamonds Ltd Mothae Acquisition Update Paragon Diamonds Limited / Index: AIM / Epic: PRG / Sector: Resources 14 July 2015 Paragon Diamonds Limited (‘Paragon̵ Mothae Acquisition – Update Paragon Diamonds Limited, the AIM quoted diamond development company, is pleased to announce that, further to the announcement of 5 May 2015, the Company has now entered into a legally binding share purchase agreement with Lucara Diamond Corporation (“Lucara” The Acquisition remains subject to approval from the Government of Lesotho and completion of funding, as previously announced. Paragon’s Managing Director Dr Stephen Grimmer, who is based in Lesotho, has provided extensive details of the Company's ability to fund the long term development of the Mothae mine to the Minister and the Company is now awaiting formal Government approval for the Acquisition. Further announcements regarding the Acquisition will be made at that time." Quite stunning negligence, not making absolutely sure that the supposed funders actually had the money they said they did (and were prepared to commit it) before releasing RNSs like those. And/or: when he discovered the funding wasn't there (or that they wouldn't commit funds), where was the announcement to that effect? It was clearly price-sensitive, and denied shareholders the ability to make a rational decison about whether to stay invested. I think he'd have major problems explaining that away from the witness stand..." and Bryan replied (again, the same day): "Exactly - he's either the world's greatest business man, world's greatest optimist or world's greatest con man. I'm just hoping that it's the former!!!!! It's like walking in to a Rolls Royce showroom, telling them that you'll have the most expensive car they offer and then telling them you are working on getting the money together but trust me, I'm good for it!" My reply (same day): "If he was the world's greatest businessman we wouldn't be where we are - so take your pick between your options 2 and 3... The more I think about it the more confident I feel about a legal action. I really don't see what his defence woud be - he was under a clear legal obligation to RNS price-sensitive information; the funding (effectively) falling through clearly qualified, and yet there was no notification to shareholders it had happened - the first we knew was a suspension on 16th November 2015. Notifying the market that the funders either didn't have the money or wouldn't commit it would, of course, have caused the share price to collapse - but at least we would have been able to get out, even at a big loss. Far better than being trapped in a delisted stock with no liquidity whatsoever... He can't argue he was forced into those RNSs by the nomad - the language in that 5th May RNS is Manduca talking, not a dry-bones notifcation. He has made a noose for his own neck (metaphorically, of course)..." and Bryan's reply (also on the 15th): "I must confess to taking the Ostrich approach until it's over. The other option, which I fear is more likely, is one that I don't allow myself to think about. When you think how hard it is to get money and how easy it is to lose the lot! You are right regarding options 2 and 3. Let's hope it's option 2 (optimism can still lead to success) as if it's option 3 there won't be a court case. There's people who specialise in permanent resolution." That sounds like a clear threat of violence against Manduca, if you want my opinion. Two days later (17th), after a disussion about legal action against Manduca (which I won't quote for now), Bryan mailed: "................... That's all just one email exchange - there are probably a couple of dozen others. More to follow. |
Posted at 26/8/2017 12:30 by lama_rail I recall that Bryan was trying to get you on-side back then. That was back when you were intent on destroying any last hope that PRG had of recovery by writing to anyone and everyone associated with PRG telling them not to deal with PRG. I can't figure why a shareholder would do that but nonetheless that is what you were doing.I recall that Bryan tried to get you to back PRG by becoming a LNH and you turned him down on several occasions. He may be wrong in backing PM and time will tell but at least he was proactive and tried to help everyone. |
Posted at 25/8/2017 18:51 by extratopping A few members of my share club who also owned PRG shares are watching this board with great interest, as are some other investor friends. You may not actually see the support on here, CS & Super, but trust me we are watching closely and wish you success. Some of my share club members are converts, initially hoping PM would deliver but now see him for what he is, while others haven't trusted him since Oct 2015. What a month that was. All are against PM now and despise some of the LN group who they see as very weak individuals and some are just plain ugly individuals. Bryan is pathetic, we all agree.PM thinks he's angry at what's going on with the CA and his dwindling support from the LN group. He didn't calculate the anger of a few hundred shafted shareholders that he vowed to look after yet couldn't wait to cut them off. PM divided a large group and ended up with a handful of pliable oddballs. The smart ones have come to their senses. Knowing that at least some of the LNHs are still communicating with the group while offering evidence for the CA fills me with glee. Several other investors that I know are considering supporting the CA. Happy Holidays |
Posted at 15/8/2017 21:34 by superg1 Funding for what Mothae, Motete and Lemphane have all gone.The key will be points to prove from the info publicly put out there. So back on funding ITGT supposedly were to fund mining. Of course ITGT is made up. At no time has it ever been suggested that ITGT were pulling out. The ITGT loan as I recall was what was presented to Lesotho on the first visit for approval. Then pre approval PRG drop ITGT on the mining front to the polished side. All PRG had tp do was move ITGT back to the mining side. But of course the only ITGT "International triangle trading limited llc" is a one man band registered in Floridaand was no more just before the Acrux news came out. Then up pops Trade4business finances which is obviously ficticious as is calling Acrux a leading diamond investor. It as simply elaborate fiction and enhanced through displays of arrogance in interviews. For the record Proactive investors would have a clause in their representation of PRG, making PRG liable for anything untrue. PM tried to con Lesotho into signing over a mine with false details and it sounds like he has spun it on for a considerable time to the brain-washed note holders. S |
Posted at 13/8/2017 06:06 by superg1 Just one more to show the guy seems to know little about law."I'm guessing the counter-suit will be at least five million pounds, which your group will be liable to pay when you lose. All Northland have to prove is that they took due diligence and reviewed evidence from PRG, which of course they will have done as it's not in their interest to sign off without it." No MR Law Degree. Northland don't have to prove a thing. It's for the defendant to prove what they said had some basis for what a reasonable person would conclude. As this is already quite public. Lesotho suggested publicly that all was not well with PRG submissions and direct contact with the mining ministry confirmed the validity of the newspaper article. That's just one point on a list. ITGT don't exist in the form described and the timing of the demise of the one listed ITGT I can find PRG switched to Acrux. Someone sold 1.1 mill shares through Spreadex. A fact which will be fully recorded leading to the seller if relevant. So no it's not PIs that should fear Northland imo quite the opposite. |
Posted at 23/3/2017 16:27 by lnholder 'Linkedin for PMExecutive Chairman Company NameParagon Diamonds Ltd Dates Employed Aug 2014 – Jan 2016 Employment Duration' Yet PM was soliciting investment to 'save' PRG (not Titanium or any other company) in Q3 2016 in the guise of 'director', wilfully giving hope and belief to unsuspecting PRG shareholders that PRG would rise again and was very upbeat about his chances of winning over the mining minister of Lesotho. At that same time he appears to have already decided to allow the company PRG to be struck off by default and all directors played along with this apparent charade. The money was raised and ALL directors scarpered. PM now proposes that leaving PRG to rot in favour of a 'new clean company', as he put it last week, makes good sense. PRG goes down with a bad record of mismanagement and failure of basic obligations and the 'new clean company' will be sparkling for a short while .... and repeat ... Why would PRG investors and LN holders continue to trust PM? Perhaps because he posts upbeat statements such as 'I had a highly positive conversation with the investors this morning' and the like. There are many such statements in recent weeks. PRG had investors money, blew it, left a mess and unpaid bills, asked PIs to pay those bills (directors bills) to save the company, still did not save the company, continue with the deceit even today, all other directors are silent. Four utterly useless directors. Seems like a reasonable guess at what happened does it not? Just a guess. I welcome the previous directors of PRG to give their side of the story. |
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