Paternoster Resources Share Discussion Threads

[sweepie2] 09/3/2015 10:59

WOW, didn't see this decline coming, this seller who backed the placing seems determined at all costs to sell down their stake, how many have they got left, excellent short term and long term bet at these prices

[nick rubens] 06/3/2015 15:14

A discount to NAV could simply just mean a good value way of losing your money in Miners?

It's not as if Miners have done anything except plunder cash, is it?

[marab] 06/3/2015 11:20

For what its worth my guesstimate spreadsheet had PRS with a NAV of £2,713,611 or 0.403p per share, todays’ RNS gives £2,758,784 or 0.39p per share. Currently I make it about £2,665,521 or 0.396p per share. The only real difference is that you can now buy at around 0.21p compared to 0.254p in December. Still about a 43% discount. Even if you strip out the unquoted investments PRS is still trading at a 25% discount.

Bearing in mind the delays in getting the last placing away I think there is a good chance that someone wasn’t keen to cough up the cash and has been selling ever since.

[oilbuy] 06/3/2015 08:49

Buying the dips

[marab] 06/3/2015 08:14

The 24.35m NAP shares will become 62.25m NCT shares soon.

[moreforus] 06/3/2015 07:56

so maybe 23 vs 43....

[5310carraroe] 06/3/2015 07:50

Probably short term spike on opening.
SER is a better proposition.

[edcrane] 06/3/2015 07:47

Rough "back of the envelope"addition to NAV from rise in MX and Plutus is about £250k ... so adds 10% to the NAAV

[moreforus] 06/3/2015 07:29

whats the current nav with the PPG and MXO rises?

[oilbuy] 06/3/2015 07:28

Cheap as chips here. So what's the companies next move ?

[moreforus] 06/3/2015 07:04

The Company's total net asset value has increased by 3.6% over the last quarter, however, this does not include the significant recent increase in the share prices of Plutus PowerGen plc and MX Oil plc.

[moreforus] 06/3/2015 07:04

6 March 2015

PATERNOSTER RESOURCES PLC
"Paternoster" or the "Company"

Quarterly Update to 31 December 2014

Paternoster Resources (AIM: PRS), the investing company focused on the natural resources sector, is pleased to provide a quarterly update to 31 December 2014.

The key unaudited performance indicators are set out below.

COMPANY STATISTICS
31 December 2014
30 September 2014
Net asset value
£2,758,784
£2,662,191
Net asset value per share (fully diluted)
0.39p
0.43p
Closing share price
0.245p
0.26p
Share price premium/(discount) to net asset value
(37%)
(40%)
Market capitalisation
£1,648,502
£1,502,000


The Company's total net asset value has increased by 3.6% over the last quarter, however, this does not include the significant recent increase in the share prices of Plutus PowerGen plc and MX Oil plc. Net assets per share has reduced slightly as a result of the placing that took place at the end of the quarter offsetting the overall increase in net assets.

[fenseal3] 04/3/2015 10:46

NAV...0.48p, one day this will be rerated to the true value 8-))

[fenseal3] 04/3/2015 10:30

Double post.

[fenseal3] 04/3/2015 10:30

All quite here, MXO moving in the right direction at the mo, PPG up as well, this is a good buying op....1.7m gone through @ 0.226p, i'm looking for a bounce off this double bottom to 0.27p, GLA!!!

[maytrees] 27/2/2015 12:24

I'd guess that single large trade is a sell but at lest the share price has not drfted down again (so far!)

[oilbuy] 26/2/2015 16:13

So who is off loading ?O by the way thanks for the opportunity to pick up cheap shares

[maytrees] 26/2/2015 14:13

As I said earlier:

I wonder if the large seller has now finished? Usually the sells begin almost as soon as there is a sign of blue.

Thesubsequent 1m sell signiies that the seller is not (quite?) done.

[moreforus] 26/2/2015 13:38

normally you know as it goes up and once the stale bulls are cleared goes up more...and doesnt come down

it;s always a hindsight thing....

[maytrees] 26/2/2015 13:37

I agree oilbuy

I wonder if the large seller has now finished? Usually the sells begin almost as soon as there is a sign of blue. Presumably though an RNS would be needed to confirm a large seller's exit.

[oilbuy] 26/2/2015 13:25

Cheap at this level

[moreforus] 26/2/2015 13:13

need it more than a little blue!!

[maytrees] 26/2/2015 13:06

PRS Blue now - patience may yet pay!

[moreforus] 26/2/2015 11:20

MXO blue
MTR blue
PGR blue

PRS red.....