Praetorian Share Discussion Threads

[p1nkfish] 25/1/2013 09:40

Ausgold likely to need more money.
Could lead to dilution etc.
Good luck.

[p1nkfish] 24/12/2012 13:17

It smells. No NAV update is a bad sign.

[p1nkfish] 23/12/2012 15:56

I can't find a NAV published since ocober but weren't they supposd to publish around th 15th of every month?

That doesn't instil confidence.

[langostino] 11/11/2012 20:48

It is too early to get any feedback on this share. You either believe in the management and their approach, or you don't. The biggest danger is a widening discount. However, everything they say points to targeting early profits. They have a dozen shares and we pay a couple % in the hope that they know more than we do. I buy that.

[punchpunch] 08/11/2012 16:08

Fianlly we get some movement and its in the wrong f'ing direction. But at least the speread is looking more sensible.

[punchpunch] 06/11/2012 09:41

This must be one of the most boring shares in the market. Not neccessarily a bad thing, though. Steady as she goes ;)

[energiser01] 01/10/2012 15:44

Prae seem to have forgotten to announce this in the UK ?

Polar Star another of the NCIM GCL holdings (as with Ausgold).

Full Rel @

Polar Star announces signing of promissory note and board change
Not for distribution to United States wire services or dissemination in the United States

TORONTO, Oct. 1, 2012 /CNW/ - Polar Star Mining Corporation ("Polar Star" or the Company") (TSX:PSR) is pleased to announce that it has signed a $750,000 promissory note (the "Note") with Praetorian Resources Limited. The Note will accrue interest at a rate of 12% per year, with a minimum amount of interest payable after the date that is 16 days from the date of issuance of the Note of $15,000. Proceeds from the Note will be used to make payment for liabilities of the Company now due.

dyor etc...

[chiaotijuio] 04/9/2012 10:52

the Aim-quoted gold explorer, are both shareholders in Praetorian and make up its assets.

[pugugly] 04/9/2012 10:49

Very illiquid price down 12% on less than £5K of shares sold.

[p1nkfish] 06/8/2012 06:07

Stake taken in Ausgold today. Aus exchange. Expect rns at market open.

[dusseldorf] 27/7/2012 15:30

These guys appear to have taken a stake in Noventa (NVTA) a struggling miner looking for finance - does Praetorian have a spare $21m?

[aleoap] 16/7/2012 10:41

Looks like in return for Artemis taking a stake here PRAE negotiated the transfer of a large portion of the 20%+ holding recently taken in AME Plc. With AME trading well under cash (1 of only 2 in the UK Gold Sector under cash levels) I can see why they acquired it.

[andrbea] 16/7/2012 10:25

14 July

This week saw the admission to Aim of Praetorian Resources, a mining and energy investment holding company set up by a group of well-connected former fund managers and mining executives led by Richard Lockwood and Malcolm Burne.
As well as raising £7m of cash at 50p a share, the company has put together a portfolio of mining and energy investments worth £17.3m through various share swaps. This means that companies including Galileo Resources, the Aim-quoted rare earths miner, and Sovereign Mines of Africa, the Aim-quoted gold explorer, are both shareholders in Praetorian and make up its assets.
Further investment of £2.3m is due from Longships, an Aim-quoted cash shell. Praetorian plans to use the cash to buy more stakes, driven by the view that there has been an indiscriminate sell-off in small resources companies during the past year and bargains are available.
Shares in Praetorian ended the week at 58.5p.

[andrbea] 16/7/2012 09:59

From first thread:

Veteran investors Richard Lockwood and Malcolm Burne have launched Praetorian Resources (LON:PRAE), their latest investment vehicle, on a very choppy AIM market hoping to repeat the success of their last venture.

[andrbea] 10/7/2012 15:49

Tks for the thread Lucky Punter
please edit the header to add charts & news

[lucky_punter] 10/7/2012 13:51

Veteran investors Richard Lockwood and Malcolm Burne have launched Praetorian Resources (LON:PRAE), their latest investment vehicle, on a very choppy AIM market hoping to repeat the success of their last venture.