PAN Pacific Share Discussion Threads

[happy bear] 26/4/2012 16:26

Could this have been deliberate to help the cerebrally challenged like you understand? Maybe she could send you a hard copy in crayon and pop-up book format? Would that help?

;o))

[happy bear] 26/4/2012 15:10

MM's are going to have to drum up some business here while we await the next RNS. Not many sellers left as anyone selling will be taking a loss, so maybe time to start the walk up? Some statement of intent from the mm's in light of the recent postive news may encourage trading imho.

[happy bear] 26/4/2012 15:07

I don't understand why you let it bother you? If you are not invested then it's really not your problem is it? Relax.

[happy bear] 26/4/2012 15:03

Everything you assume is to the downside. Like I said, worst case scenario is approx C$86.5k per month with some basic maths and that's if they paid nothing off, which will not be the case. However, with principal payments reducing the overall capital on the loan month on month the interest accrued reduces which in turn reduces the amount repayable and the figure drops. I also 'assume' you mean 4m to Apr 2014 on the last line?

[bam bam rubble] 26/4/2012 14:13

The RNS says monthly repayments over 24 months. If they mine over a certain tonnage the amount of each monthly repayment will increase, however based on the woeful previous rate of mining this faster payment route can be ignored. Assuming minimum monthly repayments are made then PPA has the following financial liabilities

3m to Jun 2012: $229,100 (including $40,000 SEDA fee)
3m to Sep 2012: $290,850 (including $40,000 SEDA fee)
3m to Dec 2012: $284,850 (including $40,000 SEDA fee)
3m to Mar 2013: $238,100
3m to Jun 2013: $232,850
3m to Sep 2013: $226,850
3m to Dec 2013: $220,850
4m to Apr 2013: $285,100

[happy bear] 26/4/2012 13:51

Maybe you should read the RNS's before typing. This is how they will repay the new mortgage...

"and will have monthly principal repayments which will be calculated at a rate based on the tonnage of product shipped from the Quadling Quarry in the previous month."

[happy bear] 26/4/2012 13:44

Even if they never paid down a penny the $1.67m plus 2x 11.5% pa divided by 24 would be $86.5k per month. So not $100k. Of course, as the mortgage gets paid off the accrued interest reduces so the real figure is even less.

[happy bear] 26/4/2012 13:39

So put your money and effort somewhere else. No one is forcing you to torture yourself here.

[sweepie2] 26/4/2012 13:28

Cheers, nice round up, just a reaction to all the H&S rubbish I get fed at the day job.
Thanks once again

[happy bear] 26/4/2012 13:20

It's just a newsletter sweepie. Any price sensitive news would have to be RNS'd. I'm encouraged by the fact she's visited Shaw and Sechelt. If they were a far flung dream and Quadling was the only focus then why would she bother? Tells me they are looking to act on them soon. Hopefully get a trading update too which accounts for the cost savings and the 100k contract at Quadling. Maybe a rollover of that 100k contract too as they said somewhere that it could be renewed and the six months are now up. Shareprice needs a boost, no doubt it's frustrating, but the mm's aren't helping with a wide published spread, although they did mark it up and now 3 are on the bid with SCAP switching sides after an age on the offer. I can't see how it will go much lower now as things do seem to be turning around, albeit slowly. We'll see.

[sweepie2] 26/4/2012 13:09

I would take it that health and safety meetings take place in every company in the land, we probably all have been bored by them, I don't think you have to tell people. Remember this was the first one you would have thought they could have put some meat on the story

[happy bear] 26/4/2012 13:06

sweepie2. Amongst others. They didn't need to do a newsletter at all. Try and look at the positives, the newsletter gives a clear indication that Sechelt and Shaw pit are back in the picture. Add the clues regarding investment from Tiger and Viridas and the mention in previous releases and it's pretty obvious we'll get a great RNS on one of these fronts soon. Aimho, dyor, etc...

[bill182] 26/4/2012 13:04

Better than announcing the outcome of a Health and Safety investigation following a recent accident in the workplace!

There are plenty of positives within the bulletin...what did you expect. Any price sensitive information would have to be announced via an RNS to the market.

[sweepie2] 26/4/2012 12:43

That news letter better come up with better material for the next one, really a photograph of a Health and Safety meeting!!!!!!!!!!

[happy bear] 26/4/2012 11:13

You're welcome :o)

[bill182] 26/4/2012 10:58

Happy Bear - keep up the good work. Makes for interesting reading on a wet and windy day up North!

[happy bear] 26/4/2012 10:55

L2 gone 3v2 again with WINS joining the bid alongside SCAP and CANA. Buy order in?

[happy bear] 26/4/2012 10:53

As for the present, it's found support with upside resistance in the downward channel of around 7p. Steady stream of good news should see it up in time. Aimho, dyor, etc...

[happy bear] 26/4/2012 10:45

24.6p is the underside of the old range. Not inconceivable ;o)

[happy bear] 26/4/2012 10:30

24.6p! One day Rodders....

[happy bear] 26/4/2012 10:29

Pan Pacific complete cable diversion

Fri 13 April 2012 13:10
A A A

Pan Pacific Aggregates, the British Columbia-based aggregates company, has completed its BC Hydro cable diversion at the Quadling Quarry in the Fraser Valley District.

The project was completed within budget but, as previously announced, was delayed due to poor weather preventing the helicopter from carry out its work.

The project saw the removal of the 911 emergency cable moved to the west of the quarry in order to give the company access to over one million tonnes of further reserves and lower operating costs by allowing direct delivery of shot rock to the processing unit.

Chairman Lynda Chase-Gardener said: "The BC Hydro cable diversion project is a large step forward in the development of both the Quadling Quarry and Pan Pacific Aggregates as a company."

House broker finnCap banged the drum for its client, saying: "The company now has a robust and diverse portfolio of assets and a high quality management team that is well equipped to make further acquisitions and grow the business. We see this as being an important attribute, and one that distinguishes it from many others within its peer group."

The broker has a target price of 24.6p for the stock.

NR

[happy bear] 26/4/2012 10:19

Even by PPA's standards it's time for that work permit on Sechelt, profitability at Quadling and the corresponding rise in the sp! Clearly Viridas think it's going to happen soon, so let's have it Euan! Trading statement would be nice.....

_____________________________________

11 August 2011

PAN PACIFIC AGGREGATES PLC

RESULT OF AGM AND AGM STATEMENT

The Board of Pan Pacific Aggregates plc (the "Company"), the British Columbia based aggregates company, held its annual general meeting today and all resolutions were duly passed.

AGM STATEMENT

At today's annual general meeting, the Executive Chairman, Euan McAlpine made the following comments:

"The progress that we have made on the ground in the last seven months has helped to refocus the group following the frustration and inability to complete a reverse takeover earlier in the year. In addition, the financial position of the Company has been clarified to enable us to move forward on a firmer footing.

Last year we brought Quadling Quarry into production and we have since seen a relatively large increase in revenues, albeit from a low base. We have continued to improve both the product mix and the client base and in the first half of the current financial year have seen revenues rise 209 per cent. compared with the first half of 2010 and expect the quarry to be operating profitably by the year end. We are also looking to extend the reserves.

In addition, we expect to obtain a working permit for the Sechelt quarry towards the end of 2011.

In the past year we have addressed many issues and have recently refinanced the Company and restructured the Board and are looking to further strengthen it by the appointment of additional non-executive directors.

We now have a business that is refinanced, increasing revenues and actively winning new business. British Columbia has a strong economy and Canada has been less affected by world events than most countries. It is currently growing at over 2.7 per cent. per annum.

We are now in a position to grow the business and hopefully the share price will in due course reflect the asset value and the potential of the Company."

[happy bear] 26/4/2012 10:09

13 March 2012

Viridas plc

("Viridas" or the "Company")

Investment in PAN Pacific Aggregates plc and award of options

Viridas announces that it has subscribed for 12,000,000 shares in Pan Pacific Aggregates plc ("Pan Pacific"), the Canadian aggregates business listed on AIM, as part of its recent placing, at a price of 2.5 pence per share for an aggregate consideration of GBP300,000. It will also receive 6,000,000 warrants exercisable at a price of 5 pence per share at anytime up to March 2013. As a result of this investment, Viridas will have a 16.5 per cent. shareholding in Pan Pacific.

Pan Pacific is an aggregates business operating in the Fraser Valley close to Vancouver in Canada. This is currently one of the fastest growing areas in the region, with the local government committed to infrastructure development. Pan Pacific currently operates the Quadling quarry producing processed hard rock for the local market. Having commenced operations 18 months ago, all the necessary infrastructure is now in place and all capital expenditure has been completed so the company is moving ahead to full production.

Viridas also announces that Nicholas Lee has today been granted options to subscribe for 14 million new ordinary shares in the Company at an exercise price of 0.48 pence per share (the "Grant"), being the closing mid-market price of the Company's ordinary shares on the last day of trading preceding the Grant. The options are exercisable for a period of ten years from the date of the Grant, with one third becoming exercisable on the first, second and third anniversaries of the Grant, respectively. Following the Grant, Nicholas Lee holds options over 42 million new ordinary shares in the Company, which, if exercised, would represent 6.8 per cent. of the Company's enlarged share capital. Nicholas Lee does not have any other interest in the Company's share capital.

Nicholas Lee, Chairman said:

"Pan Pacific represents an attractive opportunity to invest in a business operating within the Canadian aggregates sector with scope for expansion and development. This recent placing will better position the company to take advantage of opportunities that may arise.

This investment is consistent with the Company's strategy of investing in the natural resources sector in situations where Viridas can both add value and where there are significant opportunities for growth"