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PNG Persian Gold

6.125

0.00 (0.00%)

03 May 2024 - Closed

Delayed by 15 minutes

Persian Gold Investors - PNG

Share Name	Share Symbol	Market	Stock Type
Persian Gold	PNG	London	Ordinary Share

	Price Change	Price Change %	Share Price	Last Trade
	0.00	0.00%	6.125	01:00:00

Open Price	Low Price	High Price	Close Price	Previous Close
			6.125	6.125

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Top Posts
Posted at 27/2/2011 11:03 by pat mustard irl ogill - 26 Feb'11 - 18:07 - 3192 of 3202 You both sound like very emotional people, perhaps you should not be buying shares . I buy to make money and try to remain detached , its working for me. We shall wait and see who gets it right. ............................ You buy to make money? You aer fooling yourself if you think you will make money here! The management have valued it at 2.5p - are you in below 2.5p? Look at the charts! Every one of the worthless Clontarf Rd stock is suffering from the 'Grand old Duke of York' virus - The management and the false rumour mongering bb rampers working with them - ramped them up to the top of the hill and they fell back down again in every case! Horgan is on record as saying that he knew investors who made £1m out of trading Clontarf Rd shares because they knew when to buy and sell! I wonder if the MPs in the now disgraced and defeated FF political party in Dublin who held shares in Clontarf Rd stock were among those in the know? Read Full Thread Reply
Posted at 26/2/2011 17:43 by fumanchuchu And the fact is, investors were not prepared to fund AFD with another fund raising. Teeling was then effectively forced into selling AFD onto LUC. As soon as that was done, LUC was able to raise the money without hassle. What bigger hint of the market not interested in Clontarf Road vehicles, do you want than that ? Must have been such big slap in the face to ex-AFD management. Read Full Thread Reply
Posted at 23/2/2011 08:23 by pat mustard irl O'Toole, only 8 trading days left for the boyhos to get their noses in the trough again? Director/PDMR Shareholding TIDMPNG RNS Number : 6759A Persian Gold PLC 04 February 2011 4 February 2011 Persian Gold plc ("Persian Gold" or the "Company") Issue of warrants On 2 December 2008, certain Directors and senior management of the Company were issued 2,659,363 warrants which were issued to investors participating in a placing of new Ordinary Shares by the Company (on the basis of one warrant for every two new Ordinary Shares subscribed for ("Warrants"). The Warrants carried an exercise price of 4p per Ordinary Share with an exercise period of two years from the date of issue of the Warrants. The 2,659,363 Warrants held by the Directors and senior management lapsed on 2 December 2010. The Company announces that it has now issued 2,659,363 new warrants each to subscribe for one new Ordinary Share at a price of 4p per share to certain Directors and senior management ("New Warrants"). The exercise period for these New Warrants is one month from the date of issue. It is expected that the New Warrants will be exercised prior to completion of the acquisition of Hydrocarbon Exploration plc (as announced earlier today). The New Warrants issued to Directors have been issued as follows: Director New Warrants David Horgan 625,000 James Finn 625,000 John Teeling 937,500 Dr. Manouchehr Takin 150,000 Jack Teeling 312,500 Read Full Thread Reply
Posted at 04/2/2011 09:03 by rajstar Potential investors:- Ignore the trio pat paddy, Dr MBBS and excel are e@nuch by status. They are called the "E" group from Madras - some place in india ( as per excel ) They are famous for the e@nuch dance and they perform every night. Pat paddy and excel's tool was cut off by dad MBBS alias Birdie. Hence the gripe they have against all explorers!! Read Full Thread Reply
Posted at 04/2/2011 08:56 by yarisverso Potential investors:- Ignore pat mustard- he is a liar and a chronic deramper. He claimed this would never re-list, claimed that they would never raise the cash required for Clontarf Energy....I see they have done so...and has even accused Horgan of falsifying the Ghana Map which shows the concession! He is sick in the head and proven consistently wrong through his lies. Read Full Thread Reply
Posted at 28/12/2010 18:18 by domtheone He has been involved in more than ten AIM start-ups, which have generally gone on to realise significant returns for investors. LMAO! Who was interviewing him. His Wife? Read Full Thread Reply
Posted at 28/12/2010 09:30 by share_shark Company Q&A: Teeling ends 2010 on high, but is braced for an even busier year Monday, December 27, 2010 by Jamie Ashcroft Connemara's Stonepark project "might just be a sweet spot in what's turning out to be a massive zinc discovery", Teeling says. A serial entrepreneur whose business interests span diamonds, gold and oil, John Teeling is probably best known in his native Ireland as the founder of the Cooley Whiskey Distillery. However on London's junior market he is widely renowned for his excellent track record as a company builder in the natural resources exploration sector. He has been involved in more than ten AIM start-ups, which have generally gone on to realise significant returns for investors. It has been a busy year for Teeling as three of his companies - Pan Andean Resources, West African Diamonds and African Diamonds have been sold or merged. He is still actively involved with Petrel Resources (LON:PET) and Connemara Diamonds (LON:CON) as well as three soon-to-be-listed exploration companies - Botswana Diamonds, Clontarf Energy and Swala Resources. So, 2011 promises to be as frenetic as the 12 months just gone. Here in his own words are Teeling's highlights and thoughts on the year to come. Proactive Investors: John, sum up 2010 for us. Teeling: It was a year of significant change for our group. Pan Andean was sold for cash to Petrolminerales of Canada, West African Diamonds was taken over by Stellar Diamonds in a reverse, while in December African Diamonds was acquired by Lucara of Canada. Phoenix-like, two new companies are emerging from the deals: Botswana Diamonds and Clontarf Energy, both listing on AIM in early 2011. Proactive: Which of your companies has progressed the most over the last year? Teeling: African Diamonds made the best progress in 2010. The AK6 diamond discovery in Botswana is being developed and will come on stream in the fourth quarter of 2011. We are very proud of the fact that we participated in the discovery of a world class diamond mine. Proactive: In your opinion what was the standout project or event? Teeling: From an exploration viewpoint, it was the discovery by Connemara and Teck of high grade zinc ore at Stonepark North in Limerick. This just might be the sweet spot in what is turning out to be a massive zinc discovery. The discovery is shared between Connemara, Teck and Minco/Xstrata. Proactive: What were the big external themes and influences on your businesses in 2010? Teeling: Rising commodity prices, fuelled by demand from the BRICs were the principal influences. Gold at $1,400, oil at $90, zinc at $2,300 and all-time high diamond prices are powerful motivators for junior exploration companies. Proactive: What are you looking forward to most in 2011? Teeling: Next year will be frantic for our group. Botswana Diamond's listing on AIM in January has late stage projects in Botswana and hopes to acquire ground in Marange, Zimbabwe. Marange has the potential to become the largest diamond field in the world. Diamond values are low, $20-$40 a carat, but grades are up to 100 times richer than existing mines. We are also chasing ground in a new find in the Cameroon. It will be an exciting journey for shareholders. Matching the potential of Botswana Diamonds is that of Clontarf Energy, listing in February. Clontarf has a high potential portfolio of oil and gas exploration ventures in Ghana, Peru and Bolivia. We should also have gas production from the Gulf of Mexico and Bolivia. Clontarf Energy is the result of a merger of our own AIM listed Persian Gold and the invested assets spun off to the existing shareholders from the sale of Pan Andean. Since the deal was announced, two new blocks have been acquired in Peru. Proactive: What are your ambitions and targets for 2011? Teeling: Exploration is very uncertain, so targets are written in marshmallow, not stone, but we do have targets. For Petrel we hope to see confirmation of our title to Block Six in the western desert. I suspect that some other projects will be added to the portfolio. Connemara will drill 65 holes in the Stonepark area. It would be a big bonus to see the existing discoveries stretch to the southeast. For Botswana Diamonds: Producing Diamonds it's that simple, either in Botswana or Zimbabwe. For Clontarf Energy: Ratification of the title to the Tanoza block in Ghana, a farm out on one or more of our Peruvian blocks and viable production in Bolivia. Our private gold explorer, Swala, will list in Toronto in mid 2011. Proactive: Are you at all worried about the rather uncertain economic outlook? Teeling: The world economy overall had a good year in 2010. High growth rates in BRICs are very positive and should continue. I do have concerns. The Euro is suspect. It cannot survive in its present form but how and when it will collapse is uncertain. China has a massive property bubble which will burst with horrible consequences but this will only be a glitch on China's march to world economic supremacy. Proactive: Aside from the companies you're involved with, who should we be looking out for in 2011? Teeling: Look for gold exploration start ups. Our thanks to John Teeling for taking the time to talk to us. We wish him a successful Read Full Thread Reply
Posted at 01/11/2010 21:07 by f 10 eh m es mx - 1 Jul'10 - 22:19 - 2482 of 2671 Exposing ramping liars like you that peddle bankrupt stocks to unwary investors bears a lot of favourable fruits in the tree of my life. It makes my soul joyful that I am ensuring no investor ever gets sucked in by the lies people you spread on these boards. It's very rewarding. Read Full Thread Reply
Posted at 11/10/2010 12:09 by share_shark West Africa proving a commodities hotspot Fiona Bond 10.09.10 17:01 An insatiable demand for commodities has given rise to a whole host of burgeoning industries in West Africa, but political uncertainty and corruption threaten their growth. Boasting some of the most abundant natural resources in the world, a string of countries along the Gulf of Guinea have been fighting hard to carve themselves a place on investors' radar. But the stakes are not just high for those countries involved, but for investors and companies alike looking to earn their spoils in the untapped resources of the region. With rising rates of piracy and persistent political uncertainty, they face a treacherous path to production. Full of beans The Gulf of Guinea - comprising Nigeria, Ghana, Ivory Coast, Democratic Republic of Congo and Cameroon - produces two thirds of the world's cocoa beans. However, output during the 2009-10 season is forecast to slump to a three year low below 2.4 million tonnes, largely as a result in declines in top producer Ivory Coast. Commodities analyst Connor Noonan at Castlestone Management said: "The world depends on West Africa for cocoa, with close to 40% of coming directly from the Ivory Coast. This dependence has presented a dilemma for the market as geopolitical volatility and poor husbandry has led to a decline in the output and quality of cocoa beans and shortage of investment in maintaining crops." The Ivory Coast's government is keen to improve conditions but political uncertainty has marred efforts so far. Investors will therefore be keeping a close eye on the planned 31 October election date. US group Hackett Advisors agrees that while western Africa may house some of the greatest natural resources, "massive government corruption, civil war, lack of infrastructure investment and antiquated cocoa pricing systems that have kept more of this increased income from higher cocoa prices out of the hands of the cocoa farmer. "As a result, cocoa farmers in Africa have no incentive to plant more acreage, rejuvenate trees or practice good sustainable farming techniques." Stockpiles of the commodity in New York reside at their lowest levels since the start of the year, although consultants at VM Group and ABN Amro said they expected Ivory Coast's cocoa production to "bounce back to more normal levels" going forward thanks to better rainfall. The influence of the these West African nations on the cocoa market was all too clear to see this week as prices surged during the first half on speculation that inventories will decline, before tumbling to a one-year low on forecasts of a strong crop in the Ivory Coast. While prices zigzag back and forth, there is little denying the sharp ascent they have enjoyed over the past 18 months, with values some 150% firmer than they were at the start, having soared to a 30-year high at the close of 2009. The phenomenal rise has prompted Ghana to set itself ambitious targets of one million tonnes annually within the next two years, which would certainly help the global supply and demand dynamic. If successful, its campaign could place it in the running to overtake Ivory Coast as the world's number one cocoa producer and could help regional production break above the 2.5 million tonnes mark for the first time in three years. However, Connor Noonan adds: "On a positive note, we're seeing more global companies investing in the region's farmers. Until these investments can be fully implemented, however, the cocoa supply/demand balance will be under strain. There is a limited amount of quality beans available and demand for chocolate has risen over the past five years. "Demand for cocoa will remain high as the world pulls out of the downturn, which could put more strain on the market if it's still in the midst of recovery." Iron will But it's not just cocoa on the menu in West Africa; the Gulf of Guinea nations are fast becoming a hot spot for iron ore companies eager to tap into their vast unexploited resources. The recent proposed changes to the mining tax in Australia - a mainstay of the iron ore industry - has prompted many to seek their spoils elsewhere and West Africa is fast becoming a favourite play. UK listed BHP Billiton (BLT) and ArcelorMittal hit headlines earlier this week when they chose to ditch plans for a joint venture in the region, amid growing speculation that both had been pushing to increase their self-sufficiency to take advantage of rising prices. The duo had entered into talks to combine their assets in Liberia and Guinea, but BHP Billiton has said its plans to explore Liberia for iron ore potential would not be affected by the decision. Out of the top 10 M&A deals in Africa over the past five years, three were for iron ore in West Africa with the US group Vale responsible for the biggest deal worth some $2.5 billion in Guinea. Meanwhile, UK-listed giant Rio Tinto (RIO) - who along with Vale and BHP Billiton account for some 70% of total global iron production - also has interests in West Africa. The company recently pledged $170 million to progress the Simandou iron ore project in Guinea and said it "continues to engage with the Guinean government and to invest funds to keep this world-class iron ore project moving forward". And moving forward is key. Output expansion in Guinea has been sluggish over the past decade, partly as a result of the poor political and investment climate. The highest growth rate of 4.9% was reported in 2008, but the economy stalled in 2009 as the political environment went downhill. The International Monetary Fund estimates that the country's GDP growth will be in the region of 2.7% this year, followed by 3.6% in 2011, although this remains dependent upon governance and policy framework. However, Rob Edwards, equity analyst at Renaissance Capital, comments: "Guinea's iron ore resource is simply too large to miss in our view. "We believe Guinea's change of leadership in 2009 has been positive for the minerals industry and for regional stability, manifested in massive commitments from major mining and strategic interests in the country over the first half of 2010." And it's not just the big guys getting in on the action; AIM-listed Bellzone Mining (BZM) which joined the bright lights of the London stock exchange earlier this year, is ramping up its efforts at its flagship Kalia mine in the country and just this week reported an increase its resource from 2.4 billion tonnes to 3.74 billion tonnes on the central zone of the Kalia I deposit. The company said: "With global demand for resources fuelling prices it is inevitable that the large bauxite and iron ore resources in Guinea will be developed. These developments and the associated state revenue and infrastructure developments will open a number of opportunities." Fellow mining minnow African Minerals (AMI) has taken a similar approach in neighbouring Sierra Leone, where it has shifted its focus almost exclusively to its iron ore project at Tonkolili. "We have carried out of the one the largest exploration programmes in Africa in 2009, proving up the largest reported JORC compliant magnetite iron ore resource in the world. This comes at a time of extremely high demand for iron ore by China and India," executive chairman Frank Timis said. Macquarie Bank estimates that there are 22 potential projects spanning West Africa, although warns that not all will be developed. Oiling the way Perhaps its most famous export, the Gulf of Guinea nations currently produce some 3 million barrels of oil per day mostly for the European and US market, with Nigeria accounting for the bulk of it. The International Energy Agency estimates that Nigeria is home to 37 billion barrels of reserve oil - a figure which far eclipses that of Norway at just six billion. However, with Ghana set to join the ranks of oil producers before the year is out, there are changes afoot in the western frontier. British oil major Tullow Oil (TLW) is on track to produce first black gold in November or December from its string of Jubilee fields, reputed to house up to 1.6 billion barrels with the potential for more. Where Ghana goes, others follow and both Sierre Leone and Liberia are hopefully that offshore drilling results will spell similar riches for them. Liberia has enjoyed a boom of international interest in the wake of its devastating civil war at the turn of the century and most recently welcomed US giant Chevron aboard. The energy giant will search for oil in three deepwater wells off Liberia after being given a 70% interest in the blocks by the Liberian government. British oil major BP (BP-) has estimated that Africa is home to 127 billion barrels of untapped oil, close to 10% of global reserves. Yet the country remains blighted by rebel attacks as rival groups fight for their slice of revenue. Cameroon held piracy responsible for a 13% dip in oil production in 2009 and said it expects its output to full further in 2011, before staging a rebound. There are also growing fears that an amnesty called in Nigeria in 2009 could be broken as former fighters argue that their monthly pay from the government comes nowhere near their previous illegal earnings. Supermajor Royal Dutch Shell (RDSB) has said that up to $40 billion worth of investment in its offshore blocks has been delayed due to the ongoing uncertainty surrounding government legislation. However, president Goodluck Jonathan has vowed that next year's election will not follow the pattern of the past three discredited polls and has said a raft of new legislation will reverse the underinvestment that has plagued the country's oil and gas industry and left it running at half speed. Cameroon, which relies on petroleum for half of its export revenues, said it expects output to rebound sharply in 2012 as a slowdown in pirate attacks and the onslaught of new wells would help break its recent slump. Dragan Trajkob can see why foreign investors continue to flock to West Africa's shores despite the ongoing uncertainty in the area. "Why Africa? Because it pays," he says, adding that from from 2008 to mid 2010, the shares of the top four exploration and production majors with the greatest African exposure have outperformed the shares of comparable global peers with a small African exposure by 31%. "In our view, the good fundamentals - production growth, crude oil reserve growth and export potential, make Africa a good investment opportunity in the global oil and gas industry," he concludes. Read Full Thread Reply
Posted at 23/6/2010 09:00 by pat mustard irl PNG do NOT have a concession or a signed Petroleum Agreement in Ghana although Teeling would like you to think they have! Read the qualification document below and decide for yourself how far a penniless consortium without an appointed operator would go before getting kicked out! GHANA APLICATION FORM FRAMEWORK FOR MANAGING UPSTREAMPETROLEUM INDUSTRY IN GHANA PROCEDURES FOR OBTAINING AN EXPLORATION BLOCK IN GHANA GNPC has conducted a preliminary evaluation of the oil and gas potential of all our sedimentary basins and has packaged the potential into Blocks which are promoted to the international oil and gas industry. This is done through presentations at various international oil and gas conferences, industry exhibitions and other forums. Interested investors visit GNPC for further data review and discussions. An application form is then completed and submitted to the Minister for Energy who then refers it to GNPC for evaluation and due diligence on the Company that has applied for a block. GNPC then conducts the evaluation using the following criteria, that is, GNPC assesses and evaluates the Financial Capability, Technical Track Record, Proposed Work Programme and Budget, and the Fiscal Package proposed by the Investor. The work programme and the fiscal package are the two critical items for negotiations. In addition to these, GNPC conducts due diligence on the Company to satisfy itself that it is duly incorporated as a corporate legal entity and it is free to conduct petroleum operations. GNPC further examines the competences of the investor's management and key technical personnel. A comprehensive report, including the Board's recommendation, is then submitted to the Minister for Energy. If the Company is found qualified in accordance with the set criteria, the Minister constitutes a Petroleum Agreement negotiation team to negotiate with the Investor. The team includes senior officials from: 1. Ministry of Energy; 2. Ghana National Petroleum Corporation; 3. Attorney-General's Department; and 4. Internal Revenue Service. The negotiated draft Petroleum Agreement is submitted to the Minister for Energy for review and thereafter it is presented by the Minister to Cabinet for consideration If Cabinet approval is obtained, the Agreement is then forwarded to Parliament for consideration, modification, where necessary, and ratification. GNPC appears before the Parliamentary Select Committee for Mines and Energy to defend the Agreement and to clarify provisions or terms that might be questioned. It is only when parliamentary ratification is secured that the Petroleum Agreement becomes effective, and barring any other conditions precedent, the Investor is granted the licence to commence operations. Investors without strong financial capabilities are required to post performance bonds or provide bank guarantees to cover the risk of their inability to discharge agreed work programmes. All Investors carrying on petroleum operations in Ghana are doing so within the framework of negotiated Petroleum Agreements that have gone through the above-described processes. Read Full Thread Reply

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