Patagonia Gold Share Discussion Threads

[steeplejack] 19/2/2019 11:15

You haven't held Patty for as long as some then!

[lochlea] 19/2/2019 09:21

Wasn't there a buy-out clause of 4.5p (£4.50) connected to some distant fundraising activity & when we first heard officially of the Concert Party? Is that redundant now? Was it time limited (I seem to recall). Or am I just day dreaming??

[steeplejack] 19/2/2019 09:10

Umm...I think you’re suggesting that the management might give the existing shareholders a bit of dosh for their stock.Doesnt always work like that.The big shareholders pass a resolution,normally requiring 75%,and the company goes private.There’s then cancellation of stock and smaller holders could get nought.


To put it in context.Many years ago Marconi (GEC) saw a sharp fall in the price from near £15 to next to nothing.The company decided on a massive subdivision so the price didn’t look ridiculous but the upshot was that if you once held 559 shares,now you only held 1 share (sound familiar) but then Marconi decided to disenfranchise holders with less than 3 shares albeit that those very same shareholders had paid ten of thousands for stock pre the collapse when the shares were up near £15.Don’t expect any favours when a company’s on the ropes,even a once mighty GEC will do you no favours let alone an outfit like Patagonia Gold..which has arguably pulled the wool over shareholders eyes for years.

[lochlea] 19/2/2019 09:04

Must confess, I was getting increasingly suspicious why they hadn't replaced the longstanding COO.

Now effectively a full-time management team of ONE (excluding the interim finance guy).

16 years of consistently taking one step forward then four backwards since they launched on AIM!!

[kirk 6] 19/2/2019 08:51

Ok thanks but there wouldn't be any market to trade and therefore no public shareholders left would there ? So that would mean a management buy out?

[kirk 6] 19/2/2019 08:40

Well that is disappointing!!What does it mean for existing shareholders if it goes private?

[steeplejack] 19/2/2019 08:39

Unmitigated disaster and has been for years.Mañana Mañana and finally it looks like the whole shebang will probably be taken private other than the company has only survived by milking AIM investors now and then.Its ironic that as the price of gold now climbs above 1300 dollars,this outfit pulls stumps.Of course,all those stock options awarded over the years will be worthless if they do delist.Dear oh dear.

[doobydave] 19/2/2019 08:37

lochlea, vertical is only $5 at the time of writing. Steady on.

[doobydave] 19/2/2019 08:35

Oh my goodness.

Where are Karlos 2000 and Square1 now, I wonder?

[lochlea] 19/2/2019 08:30

PoG going vertical today........ typical of our luck here!!

[lochlea] 19/2/2019 08:29

Yes, that now looks a distinct possibility G.

Surprised about Cap O. That has been a bit of a white elephant. Misleading one too when you read back to all the bull published RNSs about it.

[gsg] 19/2/2019 07:49

oh dear. A concert party buyout just before Calcatreu news hits, looks to be on the cards. Miguens taking it private has always been a possibility.

[lochlea] 15/2/2019 11:07

Surely must be due some form of update on Calcatreu soon? Been over 4 months since drilling started.

Still not got a COO in place yet.

Company website looks a tad dated and needs updating. Shows only one single permanent
member of the management team. And one interim. Not quite one man & his dog. Far cry from days gone. Mind you, that might be no bad thing.

[gsg] 13/2/2019 16:20

eblitz.

Click on a posters name and you'll see a drop down. From the drop down menu click on 'Send Message'.

[eblitz1] 13/2/2019 16:07

Higgs
Is that the premium service messaging board or is there another one

[gsg] 13/2/2019 15:49

No problem eblitz.

Yes, I use L2 all the time on JLP. It has been very useful when timing purchases.

There is private messaging service via advfn. I did send you a message last year, however I got no response. There are a few of us over on JLP who communicate that way.

[eblitz1] 13/2/2019 15:33

Thanks GsG
Do you use this for JM and if so what is the situation there?

Is there any way we can contact one another without using the boards as we seem to have much in common

[gsg] 13/2/2019 15:21

eblitz.

For a monthly fee you can subscribe for the Level 2 market makers order book as supplied by the London Stock Exchange. It's not to much use to illiquid stock like PGD, however you can get an idea on what market makers are up to some of the time.

I have a micky mouse version, and there are much more sophisticated versions as used by professionals and brokers.

You can see from my previous post that there is the code of the mm's name, together with their normal market size and in the top column the price they are bidding for your shares. In the lower table is the price they will offer to buy your shares.

I'm no expert on L2 but it helps me have an idea as to how a stock is behaving at times during the day. In the case of PGD it is pretty much useless as nothing much happens.lol

If you click on the L2 tab on the top of the advfn page, they normally provide a live example of L2 in action.

I hope that helps.

[kirk 6] 13/2/2019 15:18

This is a market maker driven stock not direct market access other than the usual intra day auctions.There is a 3000 buyer at 1.05 in the auction tho

[eblitz1] 13/2/2019 14:45

Hi GsG
I am in here as well and LND and JM as you know, I do not understand your last post, I know it means buys and sells but can you explain more

[gsg] 13/2/2019 10:53

Level 2 order book

Buy Orders

10:50 3,000 105.0000
10:50 230 105.0000
10:50 475 104.0000
09:00 CFEP 500 100.0000
07:30 WINS 500 95.0000
07:44 SCAP 500 95.0000
07:50 SING 500 95.0000
10:04 PEEL 500 95.0000


Sell Orders

110.0000 500 SCAP 07:44
110.0000 500 SING 07:50
110.0000 500 CFEP 07:51
110.0000 500 WINS 10:04
110.0000 500 PEEL 10:04

[gsg] 13/2/2019 08:24

It would be surprising imo if today's rns had any impact on the share price Small drill campaign with mediocre results. That's not to say it could not develop well with further drilling.

The real game changer (for better or worse) for PGD will be the Calcatreu drill results. I would have thought they would have wrapped up the current drill campaign there by now.

[kirk 6] 13/2/2019 08:00

Looks positive let’s see what happens with such a tiny free float