Paragon Share Discussion Threads

[sirigold] 15/8/2014 12:36

Mike, instead of getting back to the horses as you say, perhaps you would be better making a call to Simon Hunt. If Paragon do a deal similar to the one of Hunter, then we are going to get nothing out of this deal.
The terms and contracts need to be signed around this time. Now is the time where are fortunes are made and lost.
With all the luca bechis business, and Simon allowing under his chairmanship for the share price to drop 80%, it would be good im a holder like yourself were to get in touch... You need to make the point that a deal like hunter resources is out of the question, They need to make this a good one. Let us know his reply

[devil20] 12/8/2014 12:27

I see people are still selling out of HUN. Obviously not impressed with progress. I'm starting to get a bad feeling about PAR. Will it be another dragged out dog like HUN? Ah well....back to the gee-gees!

[devil20] 07/8/2014 14:44

Hi again Simone. PAR seemed to be getting on with it well, before suspension. Let's hope it wasn't all smoke and mirrors. It didn't strike me that way. As you say, it'll all be in the terms and details that occur at re-list. Let's live in hope.

[sirigold] 07/8/2014 14:37

Mike, your right, its not long now. I have high hopes for Par.
It all depends on the deal they go for. How much capital they raise and on what terms. Whether of not the asset is generating revenue, and how well they sell the idea to the market, and how the market makers are feeling at the time.
There will be an egm for the shareholders to vote on the deal that the board are proposing for us to do. 22 days notice of EGM, so really i think we will have news on the deal within 4 weeks max.
Lets hope guys like you and me, who have put a lot into this, will get a reward.
It could however be a total bummer, like Hunter resources.
Its been a long and tiresome wait, but we are edging closer.. Not log now Mike

[devil20] 07/8/2014 12:22

Just thought I'd pop in. Only another 6/7 weeks to go before cancellation or re-list. At least HUN was re-listed altho as you said it's not doing well. Still, this is the 'silly season'(summer), and AIM is well knackered. If SH is going for it, then September would be the best time, as the traders etc will be back in force. All depends what he presents and whether there's any split as with HUN. Just have to sit on it still!

[sirigold] 18/7/2014 13:13

Hunter is now trading at 0.15p old money. Lower than ever before. This is not good.

[jojo_jo] 17/7/2014 11:33

Yes Hunter traded somewhat lower (but only after the placing a week later).

I don't expect this to be perfect - there's bound be some pent-up selling pressure. However the relatively small discount of the Apex (effectively) DforE deal does give some indication of where we could be, worst case. They must have been given some assurances before investing. Best case is we get a great RTO which greatly increases our value. RTOs are generally positive for shells, and are after all a shell's raison d'etre.

The positive vibe comes from the prospect of a return to market following an RTO, as opposed to the alternative.

Let's just wait and see. We can't do anything - just speculate.

IMPO/DYOR/NAI
Jo

[devil20] 17/7/2014 07:41

Having a bad night Simone? lol. Don't forget peeps are just not buying AIM shares much these days...especially in the 'silly season'. Any drop in HUN was to be expected...peeps would of sold as soon as poss. It's what it does from here-on that will matter. Let's hope SH has a decent deal for PAR.

[devil20] 16/7/2014 20:15

Well done JoJo. A very reasonable assessment. Looks like it may well turn out ok.

[jojo_jo] 16/7/2014 18:51

It's worth noting that Hunter Resources recently returned to AIM following an RTO of a Gold Explorer operating in Peru.

I guess the man can now concentrate on getting us back in business and regard the Apex loan (effectively debt for slightly-discounted equity) as very positive. They would not be simply giving their cash away and must have been 'given the nod' before doing the deal on such reasonable terms, considering we are currently in limbo.
It could also be regarded as a 'cheeky' back-door way of buying shares whilst suspended! After all the cash will not be repaid - just exchanged for shares.
It may have been the only legal way of getting the necessary cash to complete, for example, the legals on a well-advanced RTO.

Accordingly, I feel a lot more confident about future prospects and fully expect a return to AIM, RTO in hand, by September Quarter Day.

IMPO/DYOR/NAI
Jo

[devil20] 24/6/2014 13:03

Simone. Yes..did it straight away. No reply yet and not expecting one. We'll just have to sit it out.

[sirigold] 24/6/2014 12:57

Mike. Did you send that email to SH?

[sirigold] 23/6/2014 21:42

No mike. Forget those convertable loan notes..
The rto deal to save us from being delisted has to be done by 25 sep... or our shares are gone.

[devil20] 23/6/2014 21:33

Simone. Sorry. Mis-read this. Something about 2015, I read it as 2014!

If Admission has not occurred before 30 June 2015, then on that date the outstanding balance of the Facility will be converted into Ordinary Shares at a conversion price of GBP0.0015 per Ordinary Share ("Alternative Conversion").

[sirigold] 23/6/2014 20:38

30th june has no relevance.
Its 25 sep mike...
Hope your well

[devil20] 23/6/2014 10:37

Just checking in. Only another week before the 30th June....let's hope they make the RTO by then. They must have something in mind already I would of thought. I might email SH asking for any chance of an update....we won't hold our breath!

[devil20] 09/6/2014 09:00

Just need that news re the RTO....but things look ok with this RNS.

[moreforus] 09/6/2014 08:51

yes another "firefly" lighting the gloom... they can only benefit IF PAR returns to trading on aim

[72nov] 09/6/2014 08:49

9 June 2014 Paragon Resources PLC("Paragon" or the "Company")(AIM: PAR) Issue of convertible loan notes The Company is pleased to announce that it has agreed a new financing facility with Apex Utilities Limited ("Apex"), an existing shareholder of the Company, to provide working capital funding (the "Facility"). The terms of the Facility are as follows: · A total facility amount of £50,000, available for drawdown at the Company's request, £30,000 of which is to be drawn down immediately.· Interest payable at 8% per annum on all drawn balances.· Unsecured. The outstanding balance of the Facility will automatically be converted into ordinary shares of 0.05 pence each in the Company ("Ordinary Shares") on completion of a reverse takeover as defined under the AIM Rules for Companies ("Admission") at a conversion price equal to 83.33% of the price (the "Conversion Price") that any new Ordinary Shares are issued for cash pursuant to the Admission ("Conversion"). It is agreed that the Facility will not be repayable in cash. If Admission has not occurred before 30 June 2015, then on that date the outstanding balance of the Facility will be converted into Ordinary Shares at a conversion price of £0.0015 per Ordinary Share ("Alternative Conversion").On Conversion, Apex will receive warrants to subscribe for new Ordinary Shares on the basis of 1 warrant for every 1.25 new shares received on Admission, such warrants to be exercisable within 3 years from the date of grant at the Conversion Price ("Warrants"). On Alternative Conversion, Apex will receive warrants to subscribe for new Ordinary Shares on the basis of 1 warrant for every 1.25 new shares received by way of the Alternative Conversion, such warrants to be exercisable within 3 years from the date of grant at a price of £0.0015 per Ordinary Share.Interest is payable in cash on the earlier of Conversion on Admission or Alternative Conversion.

[mhw28865] 03/6/2014 08:06

Light at the end of the tunnel? Maybe not dead yet or what was the point in the change? I have two suspended with Viy and here so keeping everything crossed!

[devil20] 03/6/2014 08:01

As you say m4. I'd basically written this off....but hopefully it'll come good again. They seemed to be getting on well before suspension.

[moreforus] 03/6/2014 07:44

i'm sure there are some stats re how many aim suspenders return - however they are probably not good reading - there are exceptions of course but always best to plan for the worst even if hoping for the best.

[devil20] 03/6/2014 07:42

Let's hope so m4. They've been taking their time over it!