Paternoster Resources Share Discussion Threads

[sweepie2] 08/2/2016 08:18

AND UP BY 14%, GOOD NEWS THIS

Alecto Minerals plc ('Alecto' or the 'Company')



Joint Venture with Randgold Resources for the Advancement of Kossanto West Gold Project in Western Mali



Alecto Minerals plc, the Africa-focused gold and base metal exploration and development company, is delighted to announce that Caracal Gold Mali SARL ('Caracal'), its wholly owned subsidiary, has entered into a joint venture agreement (the 'Joint Venture' or 'JV') with Randgold Resources (Mali) Limited ('Randgold') for the exploration and development of Alecto's 137 km2 Kossanto West Gold Project in western Mali ('Kossanto West' or the 'Project') comprising the Kobokoto Est and Koussikoto exploration permits (the 'Permits').



Highlights



· Joint Venture, for the exploration and development of Kossanto West, is in line with Alecto's strategy to retain exposure to its African gold exploration portfolio and upside generated whilst minimising exploration and development spend

· On completion of the Joint Venture:

- Randgold to fund all costs up to and including the completion of a pre-feasibility study on the Project ('PFS')

- Randgold will hold a 65% and Alecto will retain a 35% participating interest in the Permits

- On completion of a PFS, all costs will be split between the JV parties in accordance with their participating interest

- Permits will continue to be held by Caracal, until such time as the JV Committee forms a new company ('NewCo') for the development of a mine

- On formation of NewCo, Caracal will transfer the relevant Permits to NewCo, with the JV partners expected to hold 90%, held in the same proportion as their respective interests in the JV, and with the Malian Government expected to hold 10%

· Initial work programme, includes further geological and mapping of Kossanto West with potential follow up pitting and trenching and reconnaissance drilling, anticipated to be undertaken by Randgold in the first 12 months.

· Kossanto East, where Alecto has reported positive economics from an internal Scoping Study, with the project subject to a collaboration agreement with Desert Gold Inc. ('Desert Gold'), is not included in the Joint Venture and remains wholly owned and operated by Alecto



Mark Jones, CEO of Alecto, commented:



"We are delighted to announce this important milestone agreement with Randgold, who are the market leaders in the establishment of world class gold projects in West Africa. Utilising Randgold's expertise and financial muscle to unlock any opportunity allows us to retain exposure to the significant value we believe is available across our African gold exploration tenements, with minimal impact on our balance sheet.



"By bringing in such intellectual capital, and with Alecto not having to fund exploration work, the Company has been placed in a strong position to rapidly move its other projects towards development. The Company's main focus in the near to mid-term is to bring our Zambian gold project, Matala, into production whilst Randgold completes the work at Kossanto West and Desert Gold helps us move towards development at Kossanto East. With a diversified and exciting portfolio, we look forward to updating the market on development progress throughout 2016."



The Joint Venture



Caracal, Alecto's wholly owned subsidiary, and Randgold, a wholly owned subsidiary of Randgold Resources Limited ('Randgold Resources'), have entered into the Joint Venture in respect of the advancement of Kossanto West.



On completion of the JV, Randgold will hold a 65% participating interest in the Permits with Alecto retaining a 35% interest and Randgold will be responsible for undertaking all exploration work over the Permits and funding all costs up to and including the completion of a PFS. On completion of a PFS, all costs will be split between the JV parties in accordance with their participating interest.



A joint venture committee ('JV Committee') will be formed on completion, comprising three representatives from Randgold and one from Alecto, to manage the JV and to approve, inter alia, the work to be undertaken and budgets for the Project, approval of a PFS and any decision to proceed with the development of a mine. The JV Committee will also be responsible for the decision to establish NewCo, at which point the relevant Permits will be transferred from Caracal to NewCo, with the Malian Government likely to be issued 10% of NewCo (being a free carried interest or such other holding as may be prescribed by Malian Law) and the JV partners expected to hold 90%. This will be held in the same proportion as each company's respective interests in the JV, resulting in Randgold expected to hold 58.5% and Alecto expected to hold 31.5% respectively of NewCo, assuming that Randgold and Alecto maintain their respective participating interests at the same level subsequent to the completion of the PFS and the Malian Government being issued with 10% of NewCo. Alecto has guaranteed the due and punctual performance by Caracal of Caracal's duties and obligations to Randgold under the Joint Venture agreement. Each party has pre-emption rights in the event the other party wishes to dispose of its participating interest in the Joint Venture.



The Joint Venture is conditional on certain matters that are in the ordinary course and are expected to have been satisfied by the end of February 2016.



Kossanto West



Figure 1: Regional setting of Kossanto West and proximal mines and significant deposits



Kossanto West comprises the Kobokoto Est and Koussikoto exploration permits which cover 137 km2 in western Mali, some 40km north-west of Randgold Resources 10Moz Au Loulo/Gounkoto complex and approximately 50km north-east of their 3m oz Au Massawa project in Senegal.



Kossanto West was part of the larger Kossanto Gold Project and was split from Kossanto East for geological reasons. At Kossanto East, Alecto has defined a JORC code compliant resource of 247,000 oz Au and recently completed an internal scoping study which returned very positive economics for a small-scale, low-cost, development. Kossanto East is not part of the Joint Venture and remains 100% owned by Alecto. As previously announced, work continues to assess the potential for jointly developing Kossanto East alongside Desert Gold's neighbouring gold deposit, Barani East.

It is interpreted that a major structural event occurred within the permit boundaries of Kossanto West. The regionally significant Main Transcurrent Shear Zone ('MTZ') appears to change its strike direction from NNE to NNW, and exploration work completed by Alecto identified numerous high-grade gold targets coincident with this change of the MTZ. Initial scouting results reported in 2014 (see Operational Update 18 December 2014). Figure 2 below summarises some of the key results from Alecto's previous exploration work at Kossanto West.



Figure 2: Kossanto West, comprising the Kobokoto Est and Koussikoto exploration permits, showing interpreted MTZ and key exploration results from 2013/15 field work by Alecto (Please see PDF)





As at 31 October 2015, Kossanto West had gross assets of £0.6 million.



The Joint Venture Work Programme



With numerous gold occurrences having already been identified by Alecto as set out in Figure 2 above, Randgold is proposing to return to first principles in the Phase 1 work programme. This will include the completion of geological and regolith mapping, soil geochemistry, follow-up pitting and trenching, and detailed ground magnetic surveys, in order to more fully understand how these occurrences link up and to identify further targets. If results justify it, reconnaissance drilling will follow with either diamond core or RC drilling. It is expected that this work could be completed in the first 12 months of the Joint Venture at a cost of approximately US$1 million. The Phase 2 work programme will focus on completion of works to produce a PFS, with Phase 3 focused on undertaking works to enable the completion of a feasibility study.



Commenting on the work programme, Mark Jones added, "Randgold Resources' exploration teams are arguably the most experienced and knowledgeable in identifying and developing significant resources in within the Kenieba Inlier in Mali which hosts Kossanto West. The structured work programme going forward will enable the JV to more rapidly identify an economic opportunity which we hope will propel the Company forward to yet another development project."



About Randgold Resources



Randgold Resources is a FTSE-100 and NASDAQ listed African focused gold mining and exploration company. It is focused on creating value for all its stakeholders through the discovery of world class orebodies within the major greenstone belts of West and Central Africa. Its exploration is managed through the resource triangle as an integrated business tool and it defines economic deposits as 3Moz of mineable gold with a minimal internal rate of return of 20% at a long term gold price of $1000/oz.



Randgold Resources has developed and operates five world class gold mines - with all but one developed on deposits discovered by its own geologists. Loulo, Gounkoto and Morila in Mali; Tongon in Côte d'Ivoire and Kibali in the Democratic Republic of the Congo. It attaches importance to the process of discovery, evaluation and eventual development in order to create value. Randgold is also committed to creating lasting benefit for its host countries and the communities around their operations ensuring that the lives of stakeholders are improved.

[sweepie2] 08/2/2016 07:30

Management Restructuring

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce a restructuring of the Company's Board of Directors and business management.

The role changes reflect the shifting needs of Metal Tiger as the company has now advanced from early stage resource investor into a diversified investing company in mineral exploration, development and, potentially, production.

Board Changes:

With effect from Monday 8(th) February 2016 Mr Paul Johnson, previously Executive Director, will assume the role of Chief Executive Officer of Metal Tiger. Mr Cameron Parry, previously Chief Executive Officer will assume the role of Non-Executive Director.

The Board of the Company with effect from 8(th) February 2016 will comprise:

Mr Terry Grammer (Non-Executive Chairman)

Mr Paul Johnson (Chief Executive Officer)

Mr Cameron Parry (Non-Executive Director)

Mr Alex Borrelli (Non-Executive Director)

As part of his appointment Mr Johnson will receive an additional 7.5m share options vesting immediately in Metal Tiger, with a 3 year exercise period and an exercise price of 1.70p per share, representing a premium of 100% to the closing share price on 5 February 2016.

Recognising the role changes, both Mr Johnson and Mr Parry will offer themselves for re-election at the 2016 Annual General Meeting. There is no requirement to do this, with both directors having been successfully re-elected in 2015 for a 3 year term. However both Mr Johnson and Mr Parry feel shareholders should be asked to re-elect on the basis of the new roles undertaken by both directors.

Company Secretarial Changes:

With effect from Monday 8(th) February Mr Michael McNeilly will assume the role of Company Secretary to Metal Tiger plc, a role previously undertaken by Mr Alex Borrelli a director of Metal Tiger. The change reflects the need for a dedicated Company Secretary to focus on the increasing compliance demands as the company grows in substance and diversity.

Michael McNeilly is an experienced corporate professional with many years experience working for two Nomads and having advised several private, Main Market, AIM and ISDX listed companies on a variety of corporate transactions.

Michael will be liaising with our experienced in-house administrative and financial accounting support providing the Company with a strong back-office team to deliver efficiently on the varied requirements of managing a company listed on the London Stock Exchange.

Paul Johnson, Chief Executive Officer of Metal Tiger plc commented: "I am delighted to assume the role of Chief Executive Officer of Metal Tiger plc and am grateful to Cameron for the hard work and dedication that enabled Metal Tiger to be formed and to grow so rapidly. Cameron and I have worked closely together since mid 2014 and over that period tremendous effort has been applied to bring Metal Tiger to this point.

I am extremely pleased to welcome Michael to the team as Company Secretary and look forward to utilising his experience and skills in that role. We will continue to build the Metal Tiger team with highly experienced and capable members as we continue to develop and grow and anticipate more appointments during the course of 2016.

Metal Tiger is now positioned with a portfolio including very high potential mineral projects, solid working capital and a pipeline of opportunities that could only exist during the bottoming phase of a mineral sector cyclical downturn. It is a highly exciting position to be in, however there is a substantial amount of work to do to drive the value of our interests and achieve the level of return for shareholders we desire. The first stage of this work is the release to market of our strategic review findings, as originally highlighted to market in our Shareholder Letter announced on 6 January 2016.

With the size, scale and value potential of our business interests this strategic review is designed to ensure we focus our business structure and resources in an optimal manner to deliver the highest return to shareholders."

[sweepie2] 05/2/2016 14:42

MXO
Stronger today speculation is building that there will be an early sale of Nigerian asset

[sweepie2] 04/2/2016 16:22

Boring day but the value hasn't evaporated away, currently .174p for small amounts so won't entertain the notion of adding again unless its .17p or less for larger purchases

[sweepie2] 04/2/2016 07:15

MXO
Looks like they have their heads screwed on

MX Oil, the AIM quoted oil and gas investing company, is pleased to provide an update in respect of the four Land Contract Areas (the "LCAs") it was awarded, alongside its local partner Geo Estratos ("Geo"), during the third phase of the Bid Round 1 Licensing Round for onshore conventional concessions in Mexico (see announcement of 16 December 2015). The four LCAs awarded to the MX Oil/Geo JV, namely Tecolutla, La Laja, Ponton, and Paso de Oro, are all located in the prolific Tampico-Misantla Basin which has, to date, produced around six billion barrels of oil and currently produces approximately 70,000 barrels of oil per day.



The National Hydrocarbon Commission ("CNH") anticipates signing contracts with the companies awarded LCAs during the second quarter of 2016. In advance of this, CNH has requested draft documentation be provided in order to monitor progress. These documents include: a Joint Operating Agreement setting out the terms under which the Joint Venture partners will work together; a Provisional Plan which describes the operational plans for the execution of the first year's committed work programme, together with plans for maintaining any existing production; and proposed funding for the guarantees to support the committed work programme. On 2 February 2016, the Company, along with its partner Geo, provided the draft documents to CNH, who have confirmed receipt, and so the MX Oil/Geo JV have complied with CNH's requests. Further work will be needed by the Company and Geo to finalise these documents and it is anticipated that further drafts will be requested by CNH prior to approval being granted and contracts being signed.



MX Oil's Chief Executive Officer Stefan Olivier said, "We are pleased to report that we have satisfied our initial obligations in connection with our four LCAs. As previously announced, the LCAs include previously discovered but underexploited conventional fields as well as other already identified exploration targets, all of which have enormous potential for development. I look forward to providing further updates in due course."



Appointment of Sole Broker

The Company advises that Cornhill Capital Limited has been appointed sole broker to MX Oil with immediate effect.

[knil] 03/2/2016 16:02

If Adam Reynolds and Nick Lee get what they want with NEW (and there is a good possibility they will), in time it could be a company changer and your bubble will be inflated again.
Cash is king just now which we have got, and with so much undervalued assets on the go proven ones can be got at bargain prices. In a couple of years I think mining and oil assets will cost much more.

[sweepie2] 03/2/2016 15:36

Small add on, so much news coming atm which sooner or later will increase shareholder value, will continue to add when I can

[sweepie2] 03/2/2016 15:16

What have you done bursting my bubble!!!!!!!!!!!
Meanwhile news from NCT, news just keeps on coming from several fronts


Notes Andalas Energy & Power Update

Northcote notes the announcement today from Andalas Energy & Power Plc (‘Andalas̵7;) regarding the heads of agreement it has signed to acquire, via a farm-in, a 30% working interest in the Technical Assistance Contract (‘TAC’) covering the Tuba Obi East oil and gas concession (‘TOE’) (“the concession”) in Jambi province, Sumatra.

Pursuant to the terms of its participation right, Northcote has the right to participate in any project alongside Andalas at a level that is equal to 12.5% of Andalas’ participation, or 3.75% net interest in TOE if Northcote were to elect to participate, until April 30, 2020. Northcote will have 20 business days (from the date that Northcote receives written notification from Andalas) to notify it of its intention to participate in the concession. With this in mind, the Company continues to monitor developments with great interest.

Northcote Managing Director Randall J. Connally said, "This is an exciting development for Andalas and we congratulate the company and the board on this achievement. We are following this with interest and are particularly keen on the natural gas focus which provides for a return profile independent of world oil prices. I look forward to updating the market once we have been able to consider whether to participate in the concession in due course."

[knil] 03/2/2016 15:00

Sweepie
Do not know where I got the 50 thousand from as the PRS sale in PPG shares was for 25 million @ 1.10p netting £275,000 before expenses.
PRS still hold 69,333,334 shares in PPG

[sweepie2] 03/2/2016 14:36

Wish it was 50,000 PPG shares as PRS would be worth 350 million pounds and I could guarantee the wife would stop having a go at me for wasting my money on these type of stocks

[knil] 03/2/2016 14:00

Nick lee will know what is going on with NEW, PRS own 8% and if there is to be a reverse takeover and possible rights issue he will have to decide what to do with the £300,000 fund raising in November plus the £275,000 raised before expenses from the sale of 25 million PPG shares in early December.
He would also have had the money for a bit of the MXO placing, or is he keeping his powder dry for something else.
Not sure what PRS position would be if NEW moved out of oil into healthcare or finance as their holdings are resources and power generation.
Adam Reynolds specialises more in healthcare like Optibiotix and may be looking at something similar for NEW.
Could PRS hold a stake in a healthcare stock?
Will just have to wait and see but I feel sure Nick Lee will use the money to the best of his ability..

[sweepie2] 03/2/2016 07:40

No mention by NL of whethervthey participated in the placing so was the money they recently raised earmarked for another new project,lots of comments in previous releases to say that they are looking at new opportunities and I always take this with a pinch of salt as most of companies of this type say it I just wonder whether this time PRS will be offering up something let's hope its near cash production rather than an elephant oil set up

[sweepie2] 02/2/2016 16:56

Comments by NCT under pins what a good bit of business this is for MXO as long as they get paid

Northcote is pleased to note the announcement today by MX Oil regarding its pending sale of the proven Aje Field offshore Nigeria (‘Aje’) for gross proceeds of US$18 million and placing to raise £560,000. In respect of the sale of Aje, this remains subject to the signing of legal documents, expected within the next few weeks, and completion of due diligence. Northcote will keep investors updated as this proceeds.

Northcote holds approximately 38 million warrants in MX Oil and has the right to participate with MX Oil as a 20% partner in its Mexican onshore blocks. Therefore, the management is delighted with the disclosed sale terms which both underpin the value of MX Oil shares and positions MX Oil well to undertake future activities in Mexico.

Northcote Managing Director Randall J. Connally said, "I congratulate MX Oil on an excellent outcome with respect to its investment in Aje. The long term opportunities in Mexico are fantastic and with a strong balance sheet MX Oil is now well positioned to exploit current and future opportunities in what I continue to believe is the best upstream opportunity in the world for the next decade."

[sweepie2] 02/2/2016 15:53

Just added had to pay premium

[sweepie2] 02/2/2016 15:01

MXO
$18m for Nigerian assets against £5m current mc value also £560,000 share placing, wonder whether PRS was involved?

pdate on proposal for its Nigerian investment, placing and notice of GM



Further to its announcement on 25 January 2016, MX Oil is pleased to provide an update in connection with the proposal it has received for its Nigerian investment in the proven Aje Field offshore Nigeria.



The Directors believe a sale of its Nigerian investment is an attractive option for the Company and they have today signed a term sheet with the proposed purchaser who is part of an established international oil and gas group.



Under the terms of the proposal, the Company will receive US$18 million for the sale of its investment upon meeting certain conditions as set out below. Initially up to US$3.5 million will be advanced to the Company in two stages after the signing of binding legal documentation. These funds will be used to finance the remaining cash calls expected to be required for the investment in order to bring the underlying asset into production.



The proposed purchaser will then have the right to acquire the investment, which is most likely to be when initial oil production commences. On exercise of this acquisition right, the Company will receive one payment of US$5.75 million and then a second payment of US$5.75 million six months later. The balance of US$3 million will then be paid in three annual US$1 million instalments from the date of the exercise of the acquisition right, although these payments may be accelerated in the event that the oil price exceeds US$45 per barrel for a three month period.



If, for whatever reason, the purchaser decides not to exercise its acquisition right then the amount initially advanced will either be repaid, converted into a convertible loan in the company holding the investment or become a secured loan to be repaid from the cash flow generated from oil production.



Clearly, whilst good progress has been made so far and the Company is moving towards the signing of legal documentation within the next few weeks, the transaction is still subject to contract and the completion of due diligence and therefore there can be no guarantee that a transaction will either be completed at all or on the above terms.



The Company is also pleased to announce that it has raised £560,000 from a placing (the "Placing") of 44.8 million ordinary shares at a price of 1.25 pence per share (the "Placing Shares"). Application will be made for the Placing Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective on or around 8 February 2016. The Placing Shares will rank pari passu with the existing ordinary shares of the Company (the "Ordinary Shares"). The Placing does not require shareholder approval as it is at a price above the nominal value of the Ordinary Shares.



In accordance with the terms of the convertible loan notes the Company issued in December 2015, certain of the loan note holders have the right to convert their notes at the price of the first placing that takes place subsequent to their issue but prior to redemption. The loan note holders therefore have 20 business days to decide whether to convert their convertible loan notes at a price of 1.25 pence per share.



Following the Placing but before the conversion of any convertible loan notes, the Company will have 424,095,737 Ordinary Shares in issue, each share carrying the right to one vote. The Company does not hold any Ordinary Shares in treasury. The above figure of 424,095,737 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.



Against this background, the Company will continue to review all of its financing options and in order to maintain maximum flexibility, it intends to proceed with a reorganisation of its share capital. It has therefore today posted a circular to shareholders convening a general meeting for 18 February 2016 in order to seek shareholder consent for this capital reorganisation which would permit the Company to issue new Ordinary Shares at a price below 1 pence, the nominal value of each Ordinary Share. This circular will be available on the Company's website, www.mxoil.com.



Further announcements will be made in due course.



MX Oil's Chief Executive Officer Stefan Olivier said, "The US$18 million proposal received for our Nigerian investment represents a significant upside to our current market value of £5 million and therefore we will be progressing this whilst, at the same time, continuing to consider our other funding options. We will keep the market informed as the situation develops."

[sweepie2] 02/2/2016 09:56

Northcote Energy Ltd (‘Northcote217; or ‘the Company’)

But share price WELL DOWN DON'T SEE WHY MYSELF?

Completion of Infrastructure Upgrades at Shoats Creek Field

Northcote is pleased to announce the completion of the planned infrastructure upgrades at the Shoats Creek Field in Louisiana. Following the completion of the infrastructure upgrades, which have been inspected and approved by the State, the field is fully equipped to support production from the LM#20 well as well as production from future Frio wells up to an estimated capacity of 1,500 BOPD. The infrastructure work completed includes:

Installation of 5,400 barrel oil and water storage tanks with room for incremental additions as production grows in the course of drilling additional wells
Installation of high and low pressure separators, heating, flare stacks and other necessary production equipment
Installation of associated pump and pipeline work
At the LM#20 well, production operations are now commencing and the production rate will be reported in due course after rates have stabilised.

Northcote Managing Director Randall J. Connally said, “This is an exciting time for Northcote and we expect this well to generate substantial cash flow at current prices. The economics of the Frio formation at Shoats Creek are fairly strong at US$40 and US$50 oil prices and thus preparation for drilling additional wells continues. Timing and other information regarding our 2016 plans will be released in due course, and we look forward to further developing what we believe is a great oilfield this year."

[sweepie2] 01/2/2016 15:14

PPG
Up by 17% but other investments are down today to ensure a balancing act

[sweepie2] 01/2/2016 09:48

PPG

Plutus PowerGen plc / Ticker: PPG / Index: AIM

1 February 2016

Plutus PowerGen plc ('PPG' or 'the Company')

Directors' Dealings, Issue of Equity and Exercise of Warrants

Plutus PowerGen plc, the flexible standby power generation developer and operator in the UK announces that it has today issued a total of 120,000,000 new ordinary shares of 0.1p each in the capital of the Company ("New Ordinary Shares").

Deferred consideration

100,000,000 new ordinary shares of 0.1p each (the "Deferred Consideration Shares") have been issued to Philip Stephens, Chief Executive Officer and Paul Lazarevic, Chief Operating Officer, pursuant to the acquisition agreement between Philip Stephens, Paul Lazarevic and the Company, dated 5 August 2014 ("Acquisition Agreement") and as amended following approval of the new terms by shareholders at a general meeting held on 20 November 2015.

Details of the Acquisition Agreement are set out in paragraph 12.1.3 of Part VI of the Company's admission document dated 5 August 2014. Details of the amendments to the terms of the Acquisition Agreement are set out in the circular to shareholders dated 28 October 2015. The Acquisition Agreement provided for an element of deferred consideration for the vendors of Plutus Energy Limited (namely Philip Stephens and Paul Lazarevic), such consideration being for a total of 100 million new ordinary shares of 0.1p each to be issued at 0.6 pence per share.

Exercise of warrants

20,000,000 new ordinary shares of 0.1p each have been issued to Charles Tatnall, Executive Director and James Longley, Chief Financial Officer following the exercise of 10 million warrants each at an exercise price of 0.9p per ordinary share. As a result of the exercise of warrants by Charles Tatnall and James Longley the Company has today received a cash sum of GBP180,000

[sweepie2] 01/2/2016 09:44

MTR
Drill campaign in February, share price up by 11%

MOD Resources Update

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased note the Quarterly Activities Report released via the ASX by MOD Resources (ASX:MOD) and covering the quarterly period ended 31 December 2015.

This quarter covered various key stages in the agreement for a new Joint Venture with MOD Resources and Metal Tiger in Botswana, a major new development for both companies. Therefore the aforementioned Quarterly Activities Report released by MOD contains information that may prove of interest to Metal Tiger shareholders and investors in general.

[sweepie2] 30/1/2016 12:48

With MXO Nigerian assets potentially being sold at multiples of mc of MXO at time of announcement and good solid results from PPG which highlights potential of company which should allow them to go on a run back to 2p sooner or later PRS share price will have to respond. I did say on Top traders thread when MXO deal was announced that PRS was a good way in and the so continued to fall,just got down to a level where it seemed crazy not to buy in. With POO also stablishing probably only for the short-term other investments could well see progress.

[maytrees] 29/1/2016 16:21

Great - have a good w/e

[sweepie2] 29/1/2016 16:20

Yes. last time I was here got .79p as an exit and time before .35p so third time lucky, paid .17p

[maytrees] 29/1/2016 16:18

Greetings Sweepie

Is that 1.47m buy yours?
Good to see some buys at last and a narrowing of the spread.

[sweepie2] 29/1/2016 10:29

Am definitely looking at buying back in, as soon as I get a few pennies in

[maytrees] 28/1/2016 14:34

Still I added a few at sub 17p