Paragon Diamond Share Discussion Threads

[club sandwich] 07/9/2017 20:21

codemonkey - have you signed up to the class action?

[club sandwich] 06/9/2017 14:43

and apparently another Titanium offshoot controlled by Manduca used to be regulated to provide financial products and services:

hxxps://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000MfKonAAF

But not any more. Wonder why?

That's a genuine question, BTW...

[club sandwich] 06/9/2017 13:36

...and I'm sure you've communicated all this to the lawyers...

"The key is 'two significant financial institutions'

I don't think PM and his family spread bet would would qualify under that description."

yes, I think only in Manduca's mind is Titanium a 'significant financial institution' - although don't forget they used to be a sports agent, so clearly they have a highly-successful track record...

[superg1] 06/9/2017 13:18

And there was us thinking PM would never provide any gems.

The key is 'two significant financial institutions'

I don't think PM and his family spread bet would would qualify under that description.


It's all very clear. He went on about avoiding dilution for shareholders but changed the OBT loan note to convertible shares before he and his family would take it on.

Not happy with a 2 mill loan note at a price of 1 mill, they went for large dilution to existing shareholders.

With his talk of the Sp post Mothae acquired he was expecting 10 times his money before the first spade went in.

It was cunning plan that many fell for. I'm sure the Mr Honest at spreadex knows all about it.

[club sandwich] 06/9/2017 12:50

'"Investors should also recognise that Paragon will now be backed by two significant financial institutions (Titanium Capital and ITGT)"

They convinced you guys there were serious backers and its obvious they thought Titanium Capital group NOT Titanium capital investments.'

Well it only says 'Titanium Capital', so it could mean either...?

[club sandwich] 06/9/2017 12:49

'They convinced you guys there were serious backers and its obvious they thought Titanium Capital group NOT Titanium capital investments.'

and you might wonder whether that was a deliberate passing-off...

"Please tell me the legal team are aware."

well I've certainly told them, and I think you have too. If not, drop them an email, I think they respect your views...

[superg1] 06/9/2017 12:48

CS

I'm gobsmacked at how gullible people are.

All I warned about and suspected is very clear.

Some have been living in hope but they know it was a likely dead need. The hope now lies on the legal side.

Don't forget we are talking balance of probabilities. When behind reasonable doubt seems to easy a hurdle clear.

That's the trouble with city crooks they haven't had their collar felt enough so they are an easy target when someone comes knocking.

All police cells are the roughly the same, no sushi or champagne just an open plan bog.

[superg1] 06/9/2017 12:40

re

"I served as Chairman of Paragon to supervise Titanium's investment"

I told you all that's what he was up too. It was all about that cheap loan note and his personal greed.

WTF are the loan note group still with him. I said all of this having worked it out. It was all about a get rich quick scheme with BS to hide the truth. His desperation to get rich led to all the lies and you lot getting screwed over.

Please tell me the legal team are aware.

[superg1] 06/9/2017 12:38

Ha

I haven't read the rest yet.

Brilliant CS

It is now Titanium bidding for the license in its own name and that my family office owns 100% of Titanium;

Mow then where is that broker note

"Investors should also recognise that Paragon will now be backed by two significant financial institutions (Titanium Capital and ITGT)"

As I said Northland screwed up and the mistake is obvious. ooopps get the chequebook out.

They convinced you guys there were serious backers and its obvious they thought Titanium Capital group NOT Titanium capital investments.

Now who played the card the led to that. Why would PM record a family company similar to Titanium Capital group.

[club sandwich] 05/9/2017 22:31

I'm very glad you're on our side, super ;-)

[superg1] 05/9/2017 17:50

I can tell you why Lucara binned it as I read the feasibility back to front.

They got through 2 sets of kit, crushing machines failed and when they sent some waste tailings for checking (grease belts) they found good sized diamonds had been missed.

Perhaps GEMD read that and with it right next to them they didn't put a bid in for it.

With PRG gone no serious players appeared for either Mothae or Lemphane.

Yet apparently they are exceptional assets in a world where new diamond mines are hard to come by.

[club sandwich] 05/9/2017 10:44

It's also very interesting to compare Retter's comments in the Lesotho Times article about 2015 being a very difficult year with Manduca's uber-bullish comments above - no mention of any difficulties there, only a very bright near-term future!

hxxp://www.lestimes.com/ultimatum-for-diamond-mine/

[club sandwich] 05/9/2017 06:37

"that we are a company with exceptional assets"

exactly. that's probably enough to secure a conviction right there.

"In fact if Mothae was an exceptional asset why did Lucara do a feasibility study then bin it."

dunno. I'm sure Slippery Phil will be asked that on the witness stand.

"As you know it was about getting Mothae signed over by any BS means available to enhance PMs personal wealth through that loan note bargain."

that seems by far the most likely - indeed perhaps the *only* - explanation for what went on...

[superg1] 04/9/2017 21:18

Interesting points CS and this line jumped out at me.

: that we are a company with exceptional assets

There you go an easy hit.

Lemphane was to be a feasibility study which is why they struggled to get funding for it. It was by no means a proven exceptional asset.

In fact if Mothae was an exceptional asset why did Lucara do a feasibility study then bin it.

As you know it was about getting Mothae signed over by any BS means available to enhance PMs personal wealth through that loan note bargain.

[club sandwich] 04/9/2017 18:46

I've been going back through old posts:

"Club Sandwich 16 Nov '15 - 12:57
the case for a class-action suit against Manduca for negligent misrepresentation gets stronger almost by the post!"

hate to say I told you so...

[club sandwich] 04/9/2017 12:14

Reckon Nomads could be the next big FS scandal...

[superg1] 04/9/2017 11:14

What they can't hide is what Tom W brings up re other cases. I see they did try to knock back his expert witness standing to put a lid on it.

Typically judges rely on case history as guidance for acton/punishment. I don't know what Tom is going to bring up but if the AIM have failed to act in some very serious cases there will be some fall out from the judge no doubt, which will reverberate into the AIM regulators.

[superg1] 04/9/2017 11:08

So no surprises there then.

AIM and regulators wanting things kept quiet.

[club sandwich] 04/9/2017 10:48

Pugugly

"Also further best wishes for your action against Manduca and Nomad."

Many thanks. If you were a shareholder and think you were conned get in touch if you haven't already - either with me or direct with Peter. As you know we're going after the Nomad first: if that is successful then we'll take a view about any further actions...

[club sandwich] 03/9/2017 14:19

A slightly problematic development for those who insist all Nomads are whiter than white and always conduct stringent DD. My own opinion - and at this stage that's all it is - is that the exact opposite is the case. Time and time and time again the financial sector has shown that if they think they can make a quick buck now, and damn any future consequences, they take it. Maybe Northland are an exception - but then again, maybe they're not...