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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Paragon Diamnd | LSE:PRG | London | Ordinary Share | GG00B6684H44 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.90 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
31/5/2017 15:28 | But I'll say this...it's a very small amount per person in my view, to hold Manduca and the Nomad to account.I'm committed to it. | festario | |
31/5/2017 15:16 | iL - not going to go into that in public. drop me a mail. | club sandwich | |
31/5/2017 15:12 | What is the potential cost between shareholders if lawsuit comes to fruition? | ileeman | |
31/5/2017 15:09 | One obvious question to ask. If Manduca is - as I gather he still claims - an honest man who was just unlucky, where is the full explanation issued to *all* shareholders (not just those who could be bothered to schlep to Walsall or Luton) explaining exactly *what* went wrong, *why* and *when*? Despite repeated requests for an explanation there's been nothing - not on the Paragon web site nor via any other channel. I think for shareholders who have lost their entire investment - life-changing amounts for some, including me - that is the very least we are owed. But for more than 18 months now, since November 2016, there has been nothing - just an arrogant, stubborn (you might almost say guilty) silence. No clarification of the company's financial position, in fact not a single word of any kind except to arrange the two shareholders' meetings (which it turns out were just an opportunity for him to chisel more money out of gullible shareholders to prevent him - him, personally - being sued by the landlord of the London offices). Manduca might be used to serial failure and just moving onto the next thing (sports agent, gold guru, diamond guru, brain cancer expert), but did he really think Paragon shareholders would just shrug off their loss? If he was above board you'd think he would have taken the opportunity to explain himself, to protect his reputation and future 'business' ventures. IF he was above board... Looks like it's going to take a court case to get the answers we demand. | club sandwich | |
31/5/2017 10:51 | 72Nov - thanks for the email. Have unfiltered you - my enemy's enemy is my friend... | club sandwich | |
31/5/2017 09:15 | Everyone who has mailed me over the past month or two (apart from Fest and Super, who have already responded): check your emails, there should be one from me... | club sandwich | |
31/5/2017 07:40 | PUG Good points its all about CPHT. Unfortunately Gemd and Paragon played the big stones game and the high $ per carat price achieved hence way back (17p) I pointed to Firestone was that mine has 20-30 carats per hundred tonnes. GEMD talked something like £2,500 per carat due to the run of big stones it found but their CPHT was 1.7. 25 CPHT needs $100 per carat. It's ore value v ore costs per tonne that gives you the likely profits. To rely on big stones is highly risky as GEMD are now finding out. The scam was that surprise to Paragon which was a lie on the reassessment of the mine. All they did was take out the low grade areas of the report stick the new figures into a calculator and guess what, the numbers went up which then somehow became a regulatory RNS. That was just plain old deceiving investors and I hope forms part of the case. The Nomad should have known it was just a con. CS I watched the video and use enough as thought such teams will go for the liability insurance via the nomads which is what I had hoped for. Now those will run into millions which is the best way to get money back. In a recent conversation with a city guy, an MM. He told me that my suggestion that 90% of nomads were bent was incorrect. He said it's 100%. He was deadly serious about it and didn't want his ID known, no chuckling or smirking, his face said it all, it was clearly what he believed through experience. The nomads are seriously bent and I'm hoping these legal teams smell big money via the liability insurance as that will be their driver, as whoever moves first could find it very lucrative. For the record I'm trialling my own methods but behind the scenes. Instead of trying to point out dud companies on BBs when I cross the path of one, if there is sufficient concern and viable evidence I'm reporting them via various routes. If certain sectors with obligations don't act I'll either go above them or drop the info to the bears in great detail. Better that PIs lose money with the chance to get out than sudden suspension where they city knows but no one else. | superg1 | |
30/5/2017 16:22 | All that time and effort put into the SFO letter seems to be paying off... | club sandwich | |
30/5/2017 16:06 | I have... and responded Sir! | festario | |
30/5/2017 15:46 | Fest, Super, you have mail... | club sandwich | |
30/5/2017 13:47 | Further to above post extract below if of any help from :> "Positive Diamond Value Modelling Report . Thursday, Jun 5, 2014 7:00 Paragon Diamonds Limited / Index: AIM / Epic: PRG / Sector: Resources 5 June 2014 Paragon Diamonds Limited (‘Paragon Diamonds’ or the ‘Company’ Positive Results of Independent Modelling Report at the Lemphane Kimberlite Pipe Project, Lesotho Titanium Capital Investments Ltd Philip Falzon Sant Manduca Paragon Diamonds Limited, the AIM quoted diamond development and production company in Africa, is pleased to announce positive results of an independent size frequency and revenue modelling report based on 300 carats of diamonds recovered during the 2012/3 bulk sampling programme at its Lemphane Kimberlite Pipe Project (‘LemphaneR Circa 300 carats of diamonds were recovered from a bulk sampling programme of over 15,000 tonnes of kimberlite at Lemphane, which was concluded in June 2013. The majority of these diamonds were subsequently independently valued by WWW International Diamond Consultants in September 2013. It should be noted however, that the values obtained relate only to the actual diamonds recovered. Diamonds exceeding 9 carats were not recovered due to limited sample size, although their occurrence can be statistically predicted with confidence. Large diamonds carry exceptional value (over 80% of the total value at the nearby Letšeng Mine) and modelling seeks to address this by applying appropriate values to large diamonds anticipated to be recovered during mining operations. Size frequency and value modelling are standard statistical techniques to determine the anticipated diamond sizes and values that would be expected in the much larger diamond populations recovered during production operations." | pugugly | |
30/5/2017 13:41 | a very wise move... | club sandwich | |
30/5/2017 13:34 | CS: cannot really say more than repost my comments from Dec 2014 below. "PUGUGLY - 07 Dec 2014 - 15:27:01 - 4914 of 7489 Paragon Diamonds - From development to full production - PRG iLeeman:> Agreed re neighhbours - hence my comment re Lestseng BUT all pipes are different - In oil it is the drilbit - In diamond mining it is the carats per ton and the pilot resuts were low some 2ctph is low though the larger stones and prices realised are encouraging. (The phrase "Do not count your chickens" is I think appropriate at this stage. Re Funding - If it is has been finalised my belief, under AIM rules is that they have to release details. Can anyone advise on this point ? or it might be a condition of the loan that the other points are cleared up first - If this is the case then the recent rns's are (imo) may be disingenuous PUGUGLY - 07 Dec 2014 - 14:10:57 - 4912 of 7489 Paragon Diamonds - From development to full production - PRG It is (imo) a worry that the recent rns's have all stressed the need for financing to be in place - OK we all know this but the fact that it is not yet in place when - I certainly expected it earlier - could (imo) hold back the share price and raises questions as to why the delay. I still buy the 3 part strategy - Mine - Cut,polish fabricate - Sell and capture the margin at each stage but a mining friend has suggested I relook at the grade as the 2 carats odd per 100 tonnes does not usually sustain a diamond mine, unless you are Lesteng. OK if the same super size stones are here then yes, but sill to be proved by mining - We only have the modelling projections at the moment and they have to be confirmed or otherwise through production." It was about then that I got out re low grade. | pugugly | |
30/5/2017 12:25 | "However they certainly know their kimberlites." so are you saying that in their experience and knowledge the story Paragon was pushing regarding the fecundity of the kimberlites was - how shall we say? - at odds with the truth or reality? | club sandwich | |
30/5/2017 11:31 | They obviously knew that PRG was a scam, and a facade. | festario | |
30/5/2017 11:18 | CS. > A junior member of a South African diamond family (I would rather not mention their name as confidential and unprofessional) BUT neither they or their family have nor had so far as I am aware any association with Paragon or Manduca. However they certainly know their kimberlites. | pugugly | |
30/5/2017 11:10 | Pug "Cost me a very expensive lunch for the advice" could I ask who the lunch was with and what persuaded you to get out (well done for not getting caught, BTW)? | club sandwich | |
29/5/2017 20:55 | "Now who I wonder is unliking the posts about trying to bring an action against the Nomad and Company ?" probably Manduca, still signed-in as itsallillegal but no longer posting because he's worried about us getting a court order to ADVFN for their log files to get hold of IP addresses - as he should be. I wonder how many of those addresses would resolve back to Paragon offices at one time or another? | club sandwich | |
29/5/2017 17:56 | Now who I wonder is unliking the posts about trying to bring an action against the Nomad and Company ? (Declaration - No me guv!) Folling with interest as once held (on suggestion from broker) but got out as mentioned somewhere above on very low cph. Cost me a very expensive lunch for the advice but one of the best investment (the lunch I mean)I have made in the last few years. | pugugly | |
29/5/2017 16:03 | "Loan notes requested to be rescinded. I hope at least some didn't rescind them as there must be some sort of liabilty reason that PM wanted them back." I gather from a conversation I had last weekend with a LNH that that's not true - he claims the LNs were not rescinded and still exist; albeit unsecured and therefore totally worthless... | club sandwich | |
29/5/2017 14:22 | I don't know company law but it seems there are various obligations and a cross over point into false accounting and so on. I'm suspicious about the story of what the funds were used for from the loan note holders. Spreadex and the position there of Titanium/Manduca and family. The false loan apparently from trade4business. ITGT loan which obviously never was in play. Leading diamond investor lie and so on. It was all just lies on top of lies with an unfortunate sad story to keep loan note holders at arms length. Loan notes requested to be rescinded. I hope at least some didn't rescind them as there must be some sort of liabilty reason that PM wanted them back. | superg1 | |
29/5/2017 14:06 | Yes: if and when this gets to court, I expect Manduca and Northland's position to collapse fairly quickly. I suspect that our allegations are only scratching the surface - if we ever get access to company documentation and find out what was *really* going on I think it will be much, much worse than even we suspect... | club sandwich | |
29/5/2017 13:02 | Fest - didn't read his post at the time, but just unfiltered him to read it. Appreciate the sentiment. SuperG - yes, your analysis would be most welcome: particularly around unpicking the fantasy 'funding' from ITGT and Acrux - I don't believe either of those 'fundings' ever actually existed, and were pure fiction on Manduca's part to talk the share price up so he could convert the loan note and cash in. After all, they must have been: we were told PRG had raised tens of millions of dollars in finance, enough to start mining: so why then was the company 'temporarily' suspended pending 'clarification of its financial position'? Still waiting for a letter from Manduca's lawyers threatening an action for libel for calling him a fraud, a cheat and a liar. Hasn't arrived yet - wonder why that could be? | club sandwich |
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