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Paragon Diamond Share Discussion Threads
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|I think when Manduca finally admits defeat a class-action against the Nomads might have some chance of success. On my reading of the 2007 regulations regarding the legal obligations of Nomads they were in clear breach regarding the 2nd October 2015 RNS, or the subsequent failure to release a 'price sensitive news' statement, or both.|
|I know Mark it is shocking.
Funny how he doesnt post on OBT after it started rising into new 52 week highs, he kept bashing it when the share price was down however.|
|This is dead. Just wondering how long it will take Manduca to acknowledge the fact: until the fat lady sings we can't write off the loss, or start legal action.|
|Also says the guy who relentlessly negatively posted on OBT until the day they went on to triple. It was a combination of factors that made me sell OBT (PRG delisting being one major one) but Superg posting and contacting me privately at a time the other parts of my portfolio were struggling and I doubted all my decisions was significant. Had I held onto OBT it would have cleared all my substantial losses here. Lots of lesson learnt in an expensive way regarding my portfolio. I have not lost hope here yet at all and still believe with time things will come good.|
|"Regardless of all the sniping going on between posters it's not nice to see investors get mugged."
Says the guy who is pumping IOF...couldnt make it up lol|
|As CS said in Oct
Last I heard from Vince, Manduca was claiming the funding was due 'any day'. This is the funding that three weeks ago was due that week.
Same old same old from PM.
2 months on with funding due that week nothing and what backers would put money into Lesotho right now with the Government issues. At least PM can blame that for now.|
|It's got to be dead Beeks. Gov fallen apart and poor prospects reported for the diamond market in recent weeks.
Regardless of all the sniping going on between posters it's not nice to see investors get mugged.|
|Any news from the new Primary holders?
Be interesting to see what is going on.|
beeks of arabia
|Re that message shared from Lesotho and apparent hold ups in Lesotho, it's probably down to this 2 weeks ago
The current prime minister, Pakalitha Mosisili, heads a coalition government that took power after snap elections in February 2015.
On Thursday Mosisili sacked four ministers, immediately triggering the departure of four others including Moleleki, while 20 lawmakers from the ruling group announced they were quitting the fragile parliamentary majority.
With the diamond market news and now the troubles in Lesotho I think you can scrub the very slim hope for funding PRG may have claimed they could get.|
Diamond market gloom is back so funding of any type for anything diamond related will probably fail unfortunately.
The arrival of Firestone and others creating a supply glut is mentioned as one reason.|
|CS - everything's been said hasn't it? Probably 100 times over. If you've any new news, love to hear it.
Beeks, we'll see.|
|No posts in over a week? Have y'all given up on this POS?|
|Well it's true that the Lesotho gov hasn't announced the awarding of Mothae yet, but in the absence of funding it's hard to think it will go to PRG, however many hospitals and schools they promise to build...|
|Hold ups in the bid process or he has taken viagra.|
|wing and a prayer.... maybe|
|This was the reply I got from the Ministry of Lesotho on the Mothae Situation, it is their words so might take a little translation into the meaning :-)
" Currently.... things are bid stiff...but there is still that chance sir maybe after passing this silent time... there were still unsolved few thing for Mothae to take off... but this time will definitely pass..."
Answers on a post card!|
|...and think about it dispassionately; if funding *was* going to arrive, wouldn't it have done so by now? Day after tmrw is a YEAR since suspension, to the day. If Manduca was going to sort funding he'd have done it by now.It's Vince and the others I feel most sorry for: not only the hard blow of losing their original investment (a very substantial amount, in his case - slightly more than twice mine), but they were then conned by Manduca into throwing even more money after bad to save him from being personally sued. I'm kinda curious as to how long it's going to take Vince and the rest to stop believing Manduca's utterly incredible (quite literally: without credibility) and transparent lies of imminent funding. When the penny finally drops I imagine they're going to be very very angry indeed. I do hope none of them turn up at his golf club wielding baseball bats or, er, golf clubs...|
|Nope, not heard a peep.Think I can probably guess the answer, though...|