Patagonia Gold Share Discussion Threads

[hazl] 20/4/2017 16:20

At last getting the attention it deserves.

[goldenshare888] 20/4/2017 14:20

adding more here...

:))

[goldenshare888] 20/4/2017 14:08

Bemberg family.

[gsg] 20/4/2017 12:55

Guess who's behind Quilvest!

[novicetrade68] 20/4/2017 12:38

Hm, or was it Quilvest who bought, they're a sizeable private equity firm...

Wed, 19th Apr 2017 18:01 LONDON (Alliance News) - Patagonia Gold PLC on Wednesday said Arconas International Ltd now holds an 8.2% stake in the business following a transaction on April 3.

Patagonia said Quilvest (Switzerland) Ltd, through Arconas, held 84.1 million shares in the company before transaction, after which it held 130.0 million shares that is equal to an 8.2% stake.

[chrissh] 20/4/2017 11:33

Anyone know who are behind Arconas please ?

[novicetrade68] 19/4/2017 20:33

I like them too now having picked up a few earlier on. Reckon we must be close to the bottom here, but would add a few more if it dips further. We should see increased recoveries from June onwards too and imagine that to bring down the AISC.

[hazl] 19/4/2017 18:41

Well I still like them.

[novicetrade68] 19/4/2017 18:04

Looks like Arconas increased their stake here.

[investment dave] 12/4/2017 21:18

Well gold nearly at 1300 and pgd near an all time low something not right here

[steeplejack] 30/3/2017 10:19

Thing with a stock as disappointing as this,it can suffer holders just dumping their holding.We're approaching the end of the first quarter.Quite possible that some unit trust or the like just wants the stock of its list of holdings prior the next written quarterly update.Its speculation on my part but it's possible.

[hazl] 30/3/2017 09:29

Oh dear a big seller?
Seems in blocks....

I can only guess.

[investment dave] 30/3/2017 09:14

Bloody hell what's going on ? Hitting a profit for the first time and share price takes a hit?

[hazl] 28/3/2017 13:39

I have faith in Patagonia!

[sleveen] 28/3/2017 11:46

M7

Agreed not quite as precarious but they paragraph goes on to state

"In addition, the Company is looking into the development of COSE and the Cap-Oeste sulphide resources which would be financed through internal cash flow, supplier credit and other project financing alternatives."

Still demands on cash but perhaps not as worrisome as an initial look at the balance sheet suggests.

[hazl] 28/3/2017 11:16

I believe this is the time to pick up such companies when their share prices are just pennies with the forecast predicted.
If they were already further on their share-price would clearly be higher already. Though to be in profit, after a loss last year, would've brought far more reaction on a different day I'm sure..

[wigwammer] 28/3/2017 11:06

"Net current liabilities of $14m. Further funding needed probably a placing IMHO."To support mortimers point:186000k production x $400 per oz = $74m over 3 years.Even if they hit a fraction of the target they can pay down $14m.

[mortimer7] 28/3/2017 10:18

sleveen, looking at the balance sheet I thought that as well. But in the going concern notes they state:-
"With the installation of the agglomeration circuit, the Directors are forecasting production from Cap-Oeste of 68,500 oz AuEq for 2017 and the Directors therefore believe that the cash flow generated from this project will be sufficient to meet its obligations and lower the Company's debt position while at the same time enabling it to continue with its exploration activities"

[sleveen] 28/3/2017 10:04

Net current liabilities of $14m.

Further funding needed probably a placing IMHO.

[hazl] 28/3/2017 08:34

patagoniagold.com.

2016 Financial Highlights
-- A total of 24,572 oz AuEq sold during 2016 at an average gross price of $1,232.50/oz
-- 15% increase in revenues to $30.0 million (2015: $26.1m)
-- Achieved first annual profit after tax of $1.1 million (2015: $14.4 million loss


Hey I was a bit late off the mark this morning.....but 'Achieved first annual profit of 1.1 million $s!

[investment dave] 28/3/2017 08:01

Yes good rns today