Paternoster Resources Share Discussion Threads

[ntv] 26/2/2018 17:12

Hartford complete selling down?
though site not up to date as it didn't show it in the first place!!

[tomboyb] 26/2/2018 13:53

90mill buy in today -

Big buy -

[encarter] 31/1/2018 22:31

Nicholas Lee quits PLMO

[tomboyb] 29/1/2018 15:41

Thanks Outspan -

Yep same number of shares held with the diluted interest -

[outspan] 29/1/2018 13:39

Holdings RNS - Melissa sitting firm - boils down to a reduced % holding following the placing share issue.

[tomboyb] 29/1/2018 11:38

Yep -

I don't think there is too much floating around as stock only seems to become available when someone sells a few -

It does seem like a few strategic's taking stakes here -

[encarter] 29/1/2018 11:25

Buy order imho. But up to what price will they pay?

[tomboyb] 29/1/2018 10:28

Cannot buy any at 0.17p -

Maybe there is something here with the strategic investors on board -

[gheebee] 27/1/2018 14:22

£250k into New World Oil and Gas, an appointment on the NEW Board and a return of £150k into Nick's personal bank account so far. No wonder he's recommending shareholders there to reappoint him a week on Monday! Just as he's on the way out here too. Then there's his money from Polemos where the clock is ticking on the carp Morgenstown deal he put his name to. Unbelievable.

[paleje] 26/1/2018 19:22

Ah so that's what they're going to do, more deals and more value for shareholders. Got it, right. So what have they been doing for the last several years. Where was Nick perhaps he could have explained this shareholder value thing and how come it doesn't seem to materialise. Not if you're a shareholder anyway:)

Amanda said she'd like to see 2x share price within a year. More than possible I'd say but not under Nicks stewardship. Or hers.

[encarter] 26/1/2018 14:42

NTOG double? Thanks I will take a look

[dabs1969] 26/1/2018 14:09

Lol and on the NTOG Board as well

[encarter] 26/1/2018 13:38

Exciting times. Could easily still double from here.

[tomboyb] 26/1/2018 12:07

1k online at 0.16p -

That is, a whole £14 worth of stock -

Unless someone sells this is looking "tight like a tiger" -

I hope the newbies have something impressive in mind -

[tomboyb] 26/1/2018 11:46

There is nothing available at 0.16p -

very tightly held although now I wish i partook in the placing -

[paleje] 26/1/2018 11:23

Costax you said same on pml and other boards, you'll have a lot of watching to do

[costax1654x] 26/1/2018 11:11

I think after FFI with Massive directors buys and loads of cash,this one is one to watch as well!

[paleje] 26/1/2018 11:04

Thanks Gheebee. Pity. Matter of time though hopefully.

[gheebee] 26/1/2018 10:55

He doesn't have to. She was diluted below the 5% level so she can't requisition a meeting without buying more shares and as she hasn't notified an increase.....

[paleje] 26/1/2018 10:52

Anybody know how long Nick has to respond to the GM request?

[gheebee] 26/1/2018 09:55

Might not be a death spiral this time. Shard and Riverfort are intermeshed at board level and Shard's boss has just bought in. Miton is a big holder and Neo hasn't done a holding RNS so he's still in there. Bruce Rowan too. There's no mine to dig, well to drill or survey to conduct let alone pay for.

I reckon this is something else. There's something in the portfolio that is either so good or so toxic it can't be left to Lee, Peterhouse and Beaumont Cornish to manage. I reckon this non-update is probably Lee's resignation letter.

It can't have helped his chances of hanging on by letting Eridge Capital(cost to PRS in 2015, c£250k. Value to PRS in 2018, c£0k. Eridge payments and fees to Lee in 2016 alone £82k) commit at least one offence, possibly more, under Jersey company law that could get it fined and him locked up.

Before anyone shouts defamation, it's in Arts 87(2) and 109 of CJL 1991. Check and compare it with the Calling Notice for the 2017 AGM on Eridge website for yourself. Then email the company to let them know!

[encarter] 26/1/2018 08:29

How is it a death spiral?

[pwhite73] 26/1/2018 08:07

With the Riverfort death spiral in place the £200k of savings will come direct from the pockets of Joe Mug PI.