Phoenix Global Resources Share Discussion Threads

[napoleon111] 25/9/2013 07:23

nothing new really, just a reaffirmation that things are proceeding as planned and await the maiden resource which should set us on a different trjectory

[sos100] 25/9/2013 07:09

you must be on something if you think this is going up 200% today

but i think this a good clear cut statement and could do another REM in the future.

[vauch] 25/9/2013 07:08

and for what reason

[strongbuy] 25/9/2013 07:06

looking like this one is going to go nuts today +200% possible imho

[partridc00] 24/9/2013 23:03

Bit of crossed wires going on. Peawacks was just picking up on the unfortunate mis-spelling of the word "revealed" as "reviled". Totally different meanings. Revile means to be disgusted by something basically and criticize it angrily as I understand it. I think you can see where the mix up was.

Results have not yet been revealed, which is what I think you meant to ask, but could be sometime in October/November if all goes well.

[oilbuy] 24/9/2013 21:28

peawacks. Can you elaborate on your comment regarding the results being reviled. PGR are still in the process of drilling and will revile results as they come to hand.Oilbuy

[ride the wave] 24/9/2013 20:24

This will fall back to 0.2p and that's when I will buy . No point in rushing in and buying high , better to be patient and buy at the bottom IMO .

Extra shares (placing) means dilution , whatever way you look at it !

[peawacks] 24/9/2013 19:23

"There will be no need to deramp when they are reviled."
They are already reviled !

I thinK I've mentioned it before but I Have quite a few of these, so a 'deramp' is not the right word either. Try realistic.

[loverat] 24/9/2013 17:59

I think this is just the price one has to pay for entering into finance agreements like this. On the other hand it gives new investors the opportunity to buy shares in a stock which should be muliples of this when good news is released.

Obviously many resource companues enter finance agreements which dilute and distort the wider and truer picture and hence the share price However I have heard alot about Lanstead and the disproportionate affect it has. I suppose you could argue the manipulation is to such a degree that it completely distorts the market for supply and demand of shares.

[oilbuy] 24/9/2013 17:16

Lanstead wont matter too much if the maiden resource is as good as expected. Results due soon. There will be no need to deramp when they are reviled.

[peawacks] 24/9/2013 14:05

I see a share which is hogg-tied by Lanstead, who will profit by buying and selling these with impunity and use their millions of shares to set the share price for the length of it's equity Swap Arrangement, thereby suppressing the true share price, and thus paying less than they should for the shares they have been given.

[dontshootthemessenger] 24/9/2013 13:50

I see plenty of downside for PGR

It's in a Stan so the ultimate expropriation can occur. Just see OXS.

And in the meantime you get the beauty of death spiral dilution

[bankboy001] 22/9/2013 14:42

I see limited downside for PGR at this level, worst case scenario is it drops by a 1/4p, mkt cap is only 2m odd, dont see the point in being a hero and trying to buy at a fraction lower, a good positive RNS and you miss the boat,,,

Don't see the point of these de-rampers on here talking it down, its on the floor anyway, good luck to all long holders and hope if anyone daft enough to be short they get burnt, all imho

[dontshootthemessenger] 22/9/2013 12:56

Quality companies with quality licences in nice jurisdictions tend to get good deals.

Those with low grade licences in the Stans get bucket shop investors.

[jakleeds] 22/9/2013 11:17

Or they could enter into a joint venture with a bigger player, similar to what Alecto Minerals announced on Friday afternoon (JV with Centamin), causing their price to more than double in the last hour and a half of trading. ALO's Market cap went from £4 mill to over £8 mill

[dontshootthemessenger] 21/9/2013 15:41

There is no way the pitiful amount of drilling they do will be able to amount to much in terms of a resource. It just looks like familiar tactics to try to talk up a stock to mug punter PIs prior to a placing at a big discount to Institutions.

Surely the mugs here who were buying at 0.4p recently just prior to the 0.2p placing have woken up to the modus operandi by now?

[pj787] 21/9/2013 13:21

[...]


The first results from Cholokkaindy are expected in late September, or early October, Nolan says, with the maiden resource estimate expected by the end of the year."We are not going to put out numbers at random; we are going to put out a set of numbers. We don't want anyone drawing the wrong conclusion from just one number," says Nolan.The financing deal that has set the work in train is an interesting one in that Tridevi Capital has agreed that where it does convert the loan into shares, it can't sell that stock for a year.It means existing investors get the benefit of the Tridevi cash (received in equal quarterly tranches over the next year) without the initial dilution.

Could see some results in the coming week according to the above!

[ride the wave] 20/9/2013 13:55

Might buy some of these if they go back down to the placing price of 0.2p . Most buyers will wait for that price IMO so there's no rush as there will be a huge overhang of shares to sell first .

Patience is key here for a fantastic entry price !

[knowing] 20/9/2013 11:39

Loverat

There is a big difference between the real spread (.26/.28 now) vs the actual (.264 vs .27 depending upon quantity).

[loverat] 20/9/2013 08:34

They need to close that spread. Almost looks as if they don't want folks to trade.

[oilbuy] 20/9/2013 08:05

11% up!!!!