Paragon Diamond Share Discussion Threads

[superg1] 17/9/2017 18:53

Always the case CS, fat fingers and too much to do, nagged for being on here and so on.

[club sandwich] 17/9/2017 16:56

good post super - though you may want to re-read it and make some judicious edits / typo corrections ;-)

[cyberbub] 17/9/2017 13:24

OK thanks for the clarification CS

[club sandwich] 17/9/2017 12:26

A very useful weekend's work, I think.

[club sandwich] 17/9/2017 12:26

Lovely comment from a shareholder by email today, a new member of the CA:

"I owe you a thank you...if it wasn't for your tenacity and determination, then I guess, I would never have any chance of seeing any of my monies, and also, more satisfyingly, Manduca getting rubbished in the press and more."

I can't guarantee the latter, but I'm going to do my very best to achieve the former!

[club sandwich] 16/9/2017 06:48

cyberbub - in point of fact I gather that the PRG case is actually more advanced that Potash, and hopefully should move to the next stage in October. I gather we have more shareholders with bigger total losses than Potash. I think the plan is to run the two cases in parallel to minimise costs and get benefits of scale.

super - thanks for the kind words. Let's hope this project has a successful outcome and starts to bring some law and order to the wild west that is AIM...

[superg1] 16/9/2017 06:28

Hopefully Cyber and I'll be well clued up re it's content. Any holes will be filled.

[lama_rail] 11/9/2017 20:49

Your forgettin' my other title.........Head of Light Entertainment!

Clubbies been "RIGHT ALL ALONG"..........so the court case is over already is it and the judge has agreed? That was really fast.

[ilovefrogs] 11/9/2017 18:45

lamarail (and other identities) - give it a rest why don't you. Sure Clubbie's not always been the most pleasant of posters, but at least he's done something about his angst rather than complain from the sidelines. If you're really a barrister (doesn't seem overly likely TBH) I fear for the future of our legal system.

[club sandwich] 10/9/2017 11:12

Incidentally, for those of the 'Manduca is covered because the Nomad signed off all the RNSs' school of thinking - here's the RNS from 24th December 2015:

"Corporate Update

Paragon Diamonds Limited, the AIM quoted diamond development company with diamond mining interests in Lesotho, announces an update on activity and corporate matters.

The Directors of the Company have been working tirelessly to finalise the required funding to bring its Lemphane Kimberlite Pipe Project (‘LemphaneR17;) in Lesotho into production and to enable continued negotiation regarding acquiring a licence to explore the Mothae Kimberlite Resource (’Mothae’;) also in Lesotho.

The Board now believes that it is unlikely that any conclusion to the current funding discussion in the form of transferred funds will be achieved by the year end. The delay in funding has meant that on-going discussions with several Nominated Advisors have not been successful, which means the Company’s shares will be delisted at 7 am on the 29 December 2015.

The Directors are of the opinion that the value of investors’ share holdings will not be materially affected by the event of a delisting. The Company retains the same prospects and remain highly confident that the funding discussion will be concluded successfully in the near future and will enhance the existing value of the Company when finalised.

The Board continue to seek completion of the required funding as a matter of urgency and will update shareholders regularly via the Company’s website, which we encourage shareholders to monitor closely. The Company will continue to act in the best interests of all shareholders and, assuming the required funding is obtained, work towards a new listing on AIM or the main market as soon as practicable in 2016."

Couldn't have been signed off by the Nomad, BECAUSE THEY'D RESIGNED A MONTH EARLIER!


'The Directors are of the opinion that the value of investors’ share holdings will not be materially affected by the event of a delisting.'

Always thought that was bonkers statement, myself: how can our holdings be worth the same, when the company is suspended (soon to be delisted) and we can't trade them? Something you can't sell (but want to) has zero value.

'The Company retains the same prospects and remain highly confident that the funding discussion will be concluded successfully in the near future and will enhance the existing value of the Company when finalised.'

A clear representation, I would suggest, completely at odds with what the Mining Minister said in the Lesotho Times article a month or so later. Someone is lying - and I can't think of a single reason why the Minister should lie...

'The Board continue to seek completion of the required funding as a matter of urgency and will update shareholders regularly via the Company’s website'

There have been precisely two web site updates, both relating to the grooming sessions in Walsall and Luton. There have been *no* updates *whatsoever* relating to funding or the company's position or prospects.

[lama_rail] 09/9/2017 17:20

Careful, I might sue you for defamation............oh the irony! Course youve got me filtered CS. I believe you. So does everyone else. We're all stupid you know. Don't worry, no ones laughing at you behind your back, we're all doing it in front of your back...............................................

[club sandwich] 09/9/2017 16:50

You know I've got you filtered and you're talking to yourself, right?













Cretin...

[lama_rail] 09/9/2017 12:22

I was asked to back off by your chum as things were getting stupid. I agreed to that, so don't be a !"£%£! and start it all up again!

[club sandwich] 09/9/2017 11:52

Haven't heard from Lama_rail for a while. Wonder if that's because he's the same person who has just received a letter from my solicitors about an action for defamation?