Paternoster Resources Share Discussion Threads

[maytrees] 28/1/2016 13:56

My post above "One of the difficulties about AIM investing" seems to be borne out by further PRS share price fall today. I still hold and see that MXO share price is up again.

[maytrees] 27/1/2016 08:30

MXO share price still climbing though most of the few PRS trades in the last few days seem to have been sells. One of the difficulties about AIM investing!

[sweepie2] 25/1/2016 12:25

But when it comes to Nigerian assets nothing is ever what it first appears so for that reason haven't chased MXO but am thinking about buying back in here in the next few weeks

[outspan] 25/1/2016 11:53

Indeed sweepie and PRS looking like a cheap way in

[sweepie2] 25/1/2016 08:36

MXO
fabulous news this morning

[sweepie2] 21/1/2016 13:13

MXO taking a hit today

[knil] 02/1/2016 14:53

I don't think their is too much risk with this one.
Recently raised £300,000 and sold 50k PPG shares for £275,000, with several other liquid investments.
Has 8% of New World Oil and £575,000 in the kitty money to get involved when the reverse takeover happens. Probably moving into the health sector.
Stake in Metal Tiger IMO could do well in 2016.
Has recently taken a convertible loan with Alecto Minerals who have a decent gold resource in Zambia. Gold plays not very much in demand at the moment with a low gold price, but this is possibly when to get involved, as will not always be the case.
Oil also bombed out, but when it does recover MXO have recently won 4 licences in the Mexico sell off and PRS have a stake in them and Northcote Energy.
Reduced stake in PPG worth £728,000 at 1.05p.
Has a stake in the Shumba Coal deposit in Botswana.
Paternoster was .50p two or three years ago and traded at a premium to NAV with very little in their portfolio, but, at this time trades at a deep discount as resource stocks are at all time lows.
I am of the opinion that it is just a waiting game of patience until this cycle turns upwards which could be sometime during the current year or next, then things will change, but nobody really knows when this will happen.

[ramas] 01/12/2015 15:50

Nice 50% discount to nav and exposure to a mix of resource plays - what's not to like if you want a little dabble with these high risk maybe some reward type plays

[dugger12] 01/12/2015 13:54

Not much activity on this BB. Anyone got any insight that they want to share?

[sweepie2] 23/11/2015 16:19

NCT having a bad day with a placing at .09p

[ramas] 30/10/2015 19:18

Don't often agree with Tara but I do with PRS ... Nice way to get exposure to PPG NEW and reluctantly Mxo which is suspect is the dog of the group but a nice discount to compensate. Potential multi bagger

[worlds lrgest undies] 15/10/2015 15:11

Why?

Nick Lee has essentially lost big time on most of his investments and has squandered away £2.5m odd. Save for one lucky investment he has failed big time.

Time for change......

[oakville] 15/10/2015 05:23

There are a few mining experts here in Canada who are tipping a bright future for PRS.

[outspan] 14/10/2015 21:59

Especially since the climb so far still substantially lags the substantial increase in NAV from rising value in PRS investments, mainly PPG but also NEW. I think I'm right in thinking PRS has around 94m shares in PPG and this alone equates to about £250k more than the current PRS market cap even now. Everything else in the portfolio in for free too?

With Zak Mir this evening seeing the PPG chart up to 2.5p and any fall to 1.6 as a buying opp, PRS surely has to be ripe for really significant upward correction. Some are calculating current PRS NAV is already over .55p after recent advances in its investments.

[twodegrees] 14/10/2015 15:47

surprised no one is commenting on the steady climb here.

[market master] 09/10/2015 08:46

I agree PRS is a great bargain and an easy one bagger from here!

[barnetpeter] 08/10/2015 16:11

Nav here must be around 55.....you can buy at a fraction of that. Crazy prices that will close up as we go into the end of year. Plutus stake is worth the mkt cap alone here

[r ball] 27/9/2015 06:25

Buying shares in a duff company.?

[sweepie2] 21/9/2015 10:56

Like most of my holdings its the Land of the Living Dead Shares, thank goodness I love the day job NOT

[orchestralis] 03/9/2015 10:17

Very quiet here

[sweepie2] 11/7/2015 21:28

I see RRR have also bought into EO but from the description of EO current position it seems they are no further ahead than when PRS invested, disappointing but at least RRR have paid more for their stake.

[sweepie2] 09/6/2015 21:49

About time

[lr2] 09/6/2015 07:09

Directors buying.

[sweepie2] 06/6/2015 00:01

Paternoster notes the announcement by Northcote Energy Ltd ("Northcote"), an investee company of Paternoster, that it has added to its portfolio of high impact interests through entering into a Participation Agreement and equity investment in CEB Resources plc ("CEB"), the AIM listed investment vehicle focused on resource opportunities. This provides a third area of interest for Northcote, alongside its existing opportunities in the reopening Mexican energy sector and its onshore US asset base.



Highlights of Northcote's announcement:

· Agreement with CEB whereby Northcote will be entitled, at its option, to participate in up to 12.5% of CEB's participation in any concessions or other oil and gas transactions that it secures in Indonesia for a period of 5 years ("the Participation Right")

· In addition, Northcote has subscribed for 50,000,000 ordinary shares of CEB at a placing price of 0.4p per share representing an investment of GBP200,000

· CEB has signed an agreement with Corsair Petroleum (Singapore) Pte Ltd ("Corsair") whereby Corsair has agreed to assign a participating interest in a vehicle to CEB which intends to consider and, if applicable, apply for two oil and gas concessions in Indonesia

· Important addition to Northcote's expanding international portfolio, alongside the existing interests onshore USA and Mexico