Paternoster Resources Share Discussion Threads

[ramas] 04/4/2016 11:30

I'm not averse to some selling .... MTR is interesting Paul Johnson is saying all the right things as an investment, throw in a potential reversal in commodities and we can be talking 100 bagger over the medium term....... Still lots of variables including the usual debate with micro caps of snake oil salesman vs the real deal. Holding via PRS gives some other dubious investments at nil cost.

[barnetpeter] 04/4/2016 10:12

yes although i guess they have sold more into the rise? A lot of vol so nows the time!

[ramas] 04/4/2016 08:50

£1.155m at 5.5p bid plus over £400k cash you pretty much get everything else in PRS for nothing

[6ste] 04/4/2016 08:32

Shares in MTR must be worth over 1 million now.

[barnetpeter] 04/4/2016 08:23

yes...MTR rise is key here. Paul Johnson a director bought more stock last week and 8-9p might be reached I guess. Looks crazy to me ....

[ramas] 04/4/2016 07:15

Another £200k of value added courtesy of the rise in MTR atm

[6ste] 04/4/2016 07:11

They still have a stake over 4% in MTR

[ramas] 02/4/2016 10:07

My earlier numbers were a bit rich but on the 1.7m mkt cap I get 30% discount to the assets with a value. MTR and PPG providing the rump of value. PPG having burned their bridges with the pis community near term. If this is the commodity bottom then PRS will do well .... It's the reason I'm here and I like the basket of risk , as you say directors will make or break this stock. Would be nice if they can get a position in ARS should there be a dip in price ..... I guess 30% discount represents fair value today.

[barnetpeter] 01/4/2016 18:15

I hold plenty of these but don't see a huge discount. A lot of the holdings are illiquid / worthless. MTR and PPG plus cash covers the current mkt cap .....great....but what is left? A ragbag of not very much. Meanwhile the company and director costs add up. I thought PPG would soar.....

I hope the co will sell off half the remaining holding in MTR at 5p plus.....get the cash in. Overvalued now imo.

PRS has been good to me on the spikes and I could see a 30% upwards move still. But some of the discounts quoted here.....I wish!

[ramas] 01/4/2016 14:23

Another £160k of MTR value added today ......of course no change in the shareprice of PRS

[sweepie2] 01/4/2016 07:57

That was my sell yesterday so won't be posting here anymore good luck with your investments

[ramas] 31/3/2016 10:03

Breakout and into uptrend ?

[ramas] 31/3/2016 08:51

MTR PPG and cash are now in excess of PRS valuation by close to £200k ... All the other investments like NEW , MXO etc you get for free ..... Be good to get an update and new NED announcement toot sweet

[sweepie2] 31/3/2016 08:28

Paternoster Resources PLC

31 March 2016

31 March 2016

Paternoster Resources plc

("Paternoster" or the "Company")

Directorate change

Paternoster Resources plc announces that non-executive director Graham Haselden will be retiring from the board after many years of service with immediate effect.

Nicholas Lee, Chairman said

"Graham has been with the company over a number of years and seen a number of changes during that time. I would like to thank Graham for his excellent support and counsel over the years that I have worked with him and I wish him well for the future."

[paleje] 30/3/2016 10:14

If MTR keep going as they are (their Oz partners MOD have 5 bagged since 16 March and the Aussies are still excited about further upward), their holding alone could soon overtake the m/cap here.

[ramas] 30/3/2016 08:38

I have spent some time adding up all the asset values where possible and get £2.294m made up as follows ...MTR £700kPPG £552kNCT £27kNEW £240kShumba coal £210k Botswana exchange 140bwp per share =8.4pElephant oil £80kAndiamo gold exploration unlisted $300k at cost not included in valuationMXO £55kCash about £430kIt's difficult to deduce an exact status and PRS next update will hopefully give a clear picture of wtf they are doing. Nevertheless there is a 38% discount to nav minimum and plenty of potential .... IMO dyor

[ged5] 30/3/2016 08:10

I bought a few of these at the end of January and February, just looked in here and noticed the discussion on market cap.

In November there were 922,857,956 which at .18p gives a mkt cap of £1.661M



Reading todays RNS from MXO there could be good news on its way hopefully very soon.

[ramas] 30/3/2016 07:32

It seems the market can only focus on MXO ... I say call it a zero and move on there is still a huge discount to nav

[sweepie2] 30/3/2016 07:27

More good news from MTR

[ramas] 29/3/2016 15:10

Thanks for the clarification ... That makes a more reasonable discount to nav albeit still significant

[landay] 29/3/2016 14:49

At 31 December 2014, there were 673 million shares and the market cap is 1.18 million at 0.175p

[ramas] 29/3/2016 14:39

We now have a 240% discount to nav if we only include MTR, PPG, NEW and cash 1.8m versus 760k mkt cap. This discount is just too big so we need clarity why ..... The market has missed the opportunity , underlying assets are overvalued by the market or dare I say it fraud , or my maths is just plain wrong .... Thoughts ?

[sweepie2] 29/3/2016 09:29

That's better, I was right that the update would come nearer the end of the month and I wouldn't at all be surprised to see news of a new investment around the same time

[ramas] 29/3/2016 08:58

We could do with a nav update ... Despite MXO I suspect the discount to assets has widened ....