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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 Shares Traded Last Trade
  0.00 0.0% 3.90 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -13.35 -3.29 11
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 3.90 GBX

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Date Time Title Posts
22/5/202017:45Paragon Diamonds - From development to full production8,089
26/4/201708:11Paragon Diamonds 20158,128
13/11/201523:10PARAGON DIAMONDS ARE FOREVER94
28/8/201414:09Paragon Diamonds. Diamond producer in Sierra Leone44
22/1/201407:57Premier Research Group PLC - Listed 03-12-041

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Paragon Diamond (PRG) Top Chat Posts

DateSubject
05/12/2019
14:44
richie1218: I was one of those loan note holders - I was taken in by Manduca - there were loads of questions that were unanswered at the time but I still put my hard earned in to the pot again ... I've framed the share cert and the note as a reminder not to be so stupid again...
30/1/2019
20:04
festario: I'd dearly love to hear from any of those who held Loan Notes in PRG before they were delisted.
05/11/2018
19:14
beeks of arabia: Oh dear, trouble at’ mill on the old VRS thread?
12/4/2018
19:27
beeks of arabia: Don't get on? I've no idea who you are.And my first post on that thread was when the price was 92p.....remind me again where it is now?Another nutter taking the fbb too seriously.
22/2/2018
11:11
ilovefrogs: Is this a VRS or PRG Board FFS?? Beeks, I've always enjoyed your posts, but your sudden obsessive focus on other stocks that clubbie holds is just starting to look a bit creepy/stalky. You must other hobbies apart from Clubbie-baiting, surely?.
15/2/2018
07:08
beeks of arabia: "well they're not getting my stock. Unless my personal circs change I won't even think about selling a share until the share price hits £50, and most likely £100."Oh dear. I hope Neil Rickets realises that if this doesn't happen, Clubby will swear a lot and hide behind the settee when the doorbell rings?
23/9/2017
09:57
club sandwich: Been going back over my emails with Bryan. As far as I'm concerned it's open season on him now, and I intend to use his emails to destroy whatever credibility he may have left. It was expensive employing Capital Law to write that letter to him, and I intend to get my money's worth - if he had an ounce of sense he would have apologised and retracted. On 15th March 2016 I sent this email to Bryan: "BTW, I forgot to ask you when we spoke: do they still have Lemphane, or was the Lesotho Times article correct and the license lapsed after they failed to pay the $12m (which they [the license] must have, since they don't have it)...?" the same day Bryan replied: "It's crazy but it's one question that was never asked in the meeting. It was touched on by PM that his offer for Mothae was dependent on retaining Lemphane, i.e. it was an offer for both, and with that offer came the increased employment and wealth that mining the two sites would bring. So, I think hearing that, we all forgot to ask whether Lemphane was still licensed to PRG but the inference there is that they no longer have the license, otherwise why bother to mention Lemphane in the offer for Mothae?" Quite unbelievable IMO - Paragon was delisted, according to the Lesotho Times Lemphane had lapsed, and Manduca was, apparently, *still* trying to dictate terms to the Minister, demanding both Lemphane and Mothae before Paragon would do anything with either of them (and quite how that was going to happen, since they had no funding, no listing and no Nomad is a question that didn't seem to occur to anyone at the time). My reply, the same day: "Well you can't fault his ambition/delusion: if only he had the wherewithal to deliver it - after all, he's not exactly ina strong bargaining position ATM... this from the RNS of 5th May 2015: "Paragon's Executive Chairman, Philip Falzon Sant Manduca said, "This is a tremendous opportunity, a major coup for Paragon, one which we had to prioritise the acquisition of, once Lucara announced their intention to dispose of the asset at the end of last year, and wholly justifies, in my opinion, minimally re-scheduling our intended production timetable by a matter of a few weeks for Lemphane from Q2 to Q3 2015 to benefit from joint production savings and production efficiencies from both assets. "This hugely important acquisition re-rates and simultaneously de-risks Paragon's business model, and elevates us overnight into an important and sizeable diamond company. Our Dubai based partners, ITGT, have agreed to provide the entire funding, for both Lemphane and Mothae, of approximately US$28 million, to allow us to accelerate the combined production schedules of both assets. I do not expect any undue delay in signing the acquisition contract, as the Lesotho Government has been informed of the intended acquisition at every step of the process, intensively so in the last two weeks, and is encouraging a rapid commencement of the production schedule, which suits all of us." and this from July 2015 "Paragon Diamonds Ltd Mothae Acquisition Update Paragon Diamonds Limited / Index: AIM / Epic: PRG / Sector: Resources 14 July 2015 Paragon Diamonds Limited (‘Paragon̵7; or the ‘Company’;) Mothae Acquisition – Update Paragon Diamonds Limited, the AIM quoted diamond development company, is pleased to announce that, further to the announcement of 5 May 2015, the Company has now entered into a legally binding share purchase agreement with Lucara Diamond Corporation (“Lucara”;) with regards to the acquisition of the Mothae Kimberlite Resource (“Mothae”;) (the “Acquisition”). Mothae is located close to Paragon’s nearby Lemphane Kimberlite Pipe Project in an area of Lesotho known for producing large high value diamonds. The Acquisition remains subject to approval from the Government of Lesotho and completion of funding, as previously announced. Paragon’s Managing Director Dr Stephen Grimmer, who is based in Lesotho, has provided extensive details of the Company's ability to fund the long term development of the Mothae mine to the Minister and the Company is now awaiting formal Government approval for the Acquisition. Further announcements regarding the Acquisition will be made at that time." Quite stunning negligence, not making absolutely sure that the supposed funders actually had the money they said they did (and were prepared to commit it) before releasing RNSs like those. And/or: when he discovered the funding wasn't there (or that they wouldn't commit funds), where was the announcement to that effect? It was clearly price-sensitive, and denied shareholders the ability to make a rational decison about whether to stay invested. I think he'd have major problems explaining that away from the witness stand..." and Bryan replied (again, the same day): "Exactly - he's either the world's greatest business man, world's greatest optimist or world's greatest con man. I'm just hoping that it's the former!!!!! It's like walking in to a Rolls Royce showroom, telling them that you'll have the most expensive car they offer and then telling them you are working on getting the money together but trust me, I'm good for it!" My reply (same day): "If he was the world's greatest businessman we wouldn't be where we are - so take your pick between your options 2 and 3... The more I think about it the more confident I feel about a legal action. I really don't see what his defence woud be - he was under a clear legal obligation to RNS price-sensitive information; the funding (effectively) falling through clearly qualified, and yet there was no notification to shareholders it had happened - the first we knew was a suspension on 16th November 2015. Notifying the market that the funders either didn't have the money or wouldn't commit it would, of course, have caused the share price to collapse - but at least we would have been able to get out, even at a big loss. Far better than being trapped in a delisted stock with no liquidity whatsoever... He can't argue he was forced into those RNSs by the nomad - the language in that 5th May RNS is Manduca talking, not a dry-bones notifcation. He has made a noose for his own neck (metaphorically, of course)..." and Bryan's reply (also on the 15th): "I must confess to taking the Ostrich approach until it's over. The other option, which I fear is more likely, is one that I don't allow myself to think about. When you think how hard it is to get money and how easy it is to lose the lot! You are right regarding options 2 and 3. Let's hope it's option 2 (optimism can still lead to success) as if it's option 3 there won't be a court case. There's people who specialise in permanent resolution." That sounds like a clear threat of violence against Manduca, if you want my opinion. Two days later (17th), after a disussion about legal action against Manduca (which I won't quote for now), Bryan mailed: "................................................let's hope all comes good and we don't even have to think about this scenario.....................................when I think how much money I'm in for it makes the adrenaline pump! Doesn't do my blood pressure any good. At this rate I may not be around to worry about it!" That's all just one email exchange - there are probably a couple of dozen others. More to follow.
26/8/2017
11:30
lama_rail: I recall that Bryan was trying to get you on-side back then. That was back when you were intent on destroying any last hope that PRG had of recovery by writing to anyone and everyone associated with PRG telling them not to deal with PRG. I can't figure why a shareholder would do that but nonetheless that is what you were doing. I recall that Bryan tried to get you to back PRG by becoming a LNH and you turned him down on several occasions. He may be wrong in backing PM and time will tell but at least he was proactive and tried to help everyone.
20/4/2017
14:34
superg1: CS I was hunting for something and dropped on this post which I'd forgotten about. Have you seen it/sent it off, it looks very interesting on the comments supposedly made by PM. Imo not very clever things to say and look at the spread bet comments too. I'll mention it again as I did a while back. While PIs were piling in buying many millions of shares who was selling as the share price never took off? swooped - 05 Jun 2015 - 14:03:21 - 5774 of 7335 Paragon Diamonds - From development to full production - PRG Ok Guys, as you all asked here is an email from Philip Manduca received this morning, my suggestion is forget about the temporary flucuations and take full advantage, please note I asked all the questions recently raised here (includig the spreadbetting) I am more than happy with the response and remain fully invested: Email from Philip Manduca: Dear XXXX The share price action has been disappointing since the release of very positive news over the last four months, and in studies of its movement, the following analysis arises: 1. The current investor base remains too narrow and too weighted with private investors within the free float. They appear to possess either too low an investment quantum to invest and thus positively impact the share price on a sustained basis and/or too short a timeframe to retain a position, requiring constant positive news flow on which to feed rather than focusing on the successful construction of medium term enterprise value in this company, which has been occurring. Until the market capitalisation rises above a minimum of £30 mln, and more preferably above £50 mln, we may find it more difficult to attract the necessary amount of initial institutional buying that tends to have a longer term timeframe in their investment. That level of market capitalisation translates to a share price of about 12p. Itâ€T82;s not a difficult rise from the 6p level, in my opinion given our projected net asset value with Mothae will be in excess of $1bln. 2. The share price does not appear to want to move higher on either the Mothae acquisition nor the funding MOU until either the contracts with Lucara (and subject to government approval) have been concluded and/or until the subsequent funding is released. We have now received the initial draft contracts this week from Lucara. Once they have been concluded, and government approval has been granted, (for which I do not expect a material delay) then we can move straight to getting the pre-designed plant to site and commencing actual production. Not long now, then, and the 3rd quarter remains the plan. 3. The prevailing low daily volumes suggest that there is not a major seller placing stock in the marketplace. This thesis would be consistent with assurances I have received in the second quarter from the larger existing shareholders that they were not selling. But the Board are considering taking immediate action to acquire shares from any existing major shareholder prior to the completion of the Mothae acquisition and associated release of funding, to ensure that we have a fair reflection of share valuation in the market in the interim. 4. AIM and its brokers are struggling to operate optimally, and it is very disappointing to most companies listed there. I do feel that the brokers are culpable in accentuating the short termism that pervades financial markets, as they are so wholly focused on “todayâ€� and short term revenue targets and of course potential bonuses. 5. Investors in the small cap area surely are buying great potential at a deep value point. It follows then that it can take time for the value to be identified by larger investors, as corporate developments occur as anticipated. in the case of Paragon, one is not just investing in a company nor a sector. One Is also diversifying into a portable currency producer with a product that provides strong fiscal and monetary system hedge characteristics, and a Board of Directors, who are fellow shareholders, that will be precious with shareholder capital, contrasting markedly, I feel, with large corporations’ “loose and fastâ€� policies on expenses, remuneration and dressage. 6. Much fuss is being made of spread bets. Titanium Capital deployed some of its shares into a spreads bet structure to utilise the cash in the interim elsewhere and to control its overall shareholding levels. It is a temporary mechanism has no other implications. In the meantime, there have been several developments occurring both directly and indirectly affecting Paragon. We have been receiving several exploratory approaches for additional funding. It means that industry specialists appear to agree with us that we have two great assets which amount to more in combination than apart, in terms of the potential to aggregate our scale of distribution and improve the companyâ€;™s revenue stream therefrom. In the field of technology, both X-Ray technology at the plant site (to which we committed early in the design process), and the newish Sarin technology, which accurately predicts how to cut a rough diamond optimally, and precisely what output one can achieve from a rough stone, have improved the quality of the recovery and subsequent financial return for diamond producers from their output quite significantly. Once production commences in the 3rd quarter, I expect the share price to increase significantly shortly thereafter (which is consistent with what I have written to you before) as annual net revenues 24 months after production commences are forecast to reach $80mln at current diamond prices. Furthermore, I would speculate that the stronger share price will gain an additional “bidâ€5533; premium, as other producers look to replace their diminishing open pit resources with acquisitions, as the industry remains exposed to having to mine (more expensively) deeper underground in the absence of discovering any new major kimberlite resources, a lack of discovery that has been, for almost 25 years, creating a predicted shortage of supply relative to demand of the larger stones within the next two or three years. Paragon does not have this problem, and has two sizeable assets with, we believe, strong geological credentials on an open pit basis to produce quantities of larger stones. I recognise that the market is always hungry for constant news on developments, but a process has to be formally followed here with both a Canadian listed company that has an intense focus on accuracy and proper practice (which bodes well for the integrity of the science at Mothae), and of course with the Government of Lesotho which must approve the acquisition. Yet developments at a macro level continue to enhance the potential for diamonds both as an investment and as a currency store of value, as both the geopolitical and monetary policy picture worsens, and the global banks continue to be forced to support governments in exacerbating the bearish environment for cash and both onshore and increasingly offshore deposits. Investors should be focused on these developments more than they are. In addition, gold continues to deteriorate as an investable and low visibility asset that can be utilised outside the banking system (given its high density to value), which means there is likely to be accelerating asset re-allocation from gold holders into other more mobile, less dense stores of wealth that also act a currency. In this respect, investment grade diamonds are top of my chart, and in my opinion, Paragon represents the best corporate proxy for investors to be exposed to diamonds, given our tight controls on cost expenditures and self-remuneration, which will be through equity participation alongside shareholders and not through constant large annual bonuses unrelated to performance. Paragon is not losing time in the interim. We have continued working on the design to enhance the existing plant at Mothae, finesse the existing plant design at Lemphane, ensure that we will get prompt implementation of the plant assembly and commissioning at both sites, complete all necessary drilling work, commencing the plant design for the full production of Mothae at 2MT within two years, ensure that all senior level recruitment is in place in time to expedite prompt production at both sites etc. The board are working flat out preparing to accelerate production and the related revenue stream. I still expect a double digit share price by year end. I hope this helps to answer your letter comprehensively. Kind regards Philip Falzon Sant Manduca Executive Chairman Paragon Diamonds Ltd 103 Mount Street London W1K 2TJ
23/3/2017
16:27
lnholder: 'Linkedin for PM Executive Chairman Company NameParagon Diamonds Ltd Dates Employed Aug 2014 – Jan 2016 Employment Duration' Yet PM was soliciting investment to 'save' PRG (not Titanium or any other company) in Q3 2016 in the guise of 'director', wilfully giving hope and belief to unsuspecting PRG shareholders that PRG would rise again and was very upbeat about his chances of winning over the mining minister of Lesotho. At that same time he appears to have already decided to allow the company PRG to be struck off by default and all directors played along with this apparent charade. The money was raised and ALL directors scarpered. PM now proposes that leaving PRG to rot in favour of a 'new clean company', as he put it last week, makes good sense. PRG goes down with a bad record of mismanagement and failure of basic obligations and the 'new clean company' will be sparkling for a short while .... and repeat ... Why would PRG investors and LN holders continue to trust PM? Perhaps because he posts upbeat statements such as 'I had a highly positive conversation with the investors this morning' and the like. There are many such statements in recent weeks. PRG had investors money, blew it, left a mess and unpaid bills, asked PIs to pay those bills (directors bills) to save the company, still did not save the company, continue with the deceit even today, all other directors are silent. Four utterly useless directors. Seems like a reasonable guess at what happened does it not? Just a guess. I welcome the previous directors of PRG to give their side of the story.
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