Viridas Share Discussion Threads

[sweepie2] 20/4/2012 15:26

And as I type down it goes again, short term I'm sure and hopefully short term means until end of May

[sweepie2] 20/4/2012 15:19

Average down as I will be doing in May, huge discount to cash NAV, PPA investment seems to working out, a long fuse but one that will reward one day.
Have to say the wife has £40k to spend and she is putting it all into P BONDs until interest rates change for the worse. Just too many sharks and scams on AIM so we only play with what we can afford, don't want to be kicked out by the wife with playing with real funds LOL

[abbey8] 20/4/2012 14:21

sweepie2 , this one is keeping every one very confuse , I have already lost over 60% and I am still counting , AIM is no man land , I should have put my money on P BOND .

[sweepie2] 20/4/2012 11:23

Don't mind a fig if the share price drops until I can add LOL

[sweepie2] 20/4/2012 10:23

I hope not as I want to add big in VIR in May when I expect to have fairly big funds to do so, good news at PPA

[share_shark] 20/4/2012 07:49

PPA RNS. Perhaps we will see some movement in Vir today?.

[sweepie2] 17/4/2012 16:36

Thanks for the updated NAV but surely company should be on a slightly higher premuim because of the amount of cash they hold?

[mj84] 17/4/2012 16:20

VALUATION

CASH

30/06/11 Accounts £730,000

12/07/11 Placing £500,000

26/10/11 Investment £(195,000)

22/12/11 Investment £(474,000)

24/01/12 Sale £2,869,000

13/03/12 Investment £(300,000)

TOTAL CASH £3,130,000

INVESTMENTS

BRDY 16,977,675 @ 1.5p = £254,665

PPA 12,000,000 @ 2p = £240,000

TOTAL INVESTMENTS = £494,665

TOTAL VALUE = £3,624,665

Additional Value

LDP warrants 166,666,667 @ 0.5p = £833,333 less cost £250,000 = £583,333

PPA warrants 6,000,000 @ 2p = £120,000 less cost £300,000 = £(180,000)

Total additional value = £403,333

VALUATION of VIR £4,027,998 (0.697p per share)

[worlds lrgest undies] 17/4/2012 11:42

chart looks ace!

[sweepie2] 17/4/2012 09:25

Just shows how many shares are waiting for a home, a 1m buy at .37p doesn't move the price. Am surely tempted about purchasing 20k worth of stock, the only thing stopping me is the wife checking the joint account

[sweepie2] 17/4/2012 09:14

Bit of a dump today, wonder why,not huge volume but drop is nearly 10%, not good will hang on and add when I have fresh funds

[share_shark] 15/4/2012 09:39

Is this the reason VIR invested in PPA ?. Note last sentence by Nick Lee.

Pan Pacific Aggregates shares surge as it accesses extra reserves at Quadling Quarry

Fri 9:15 am by Jamie Ashcroft

Pan Pacific Aggregate (LON:PPA) shares surged in early deals today as a programme to move a power cable was completed.

This opens up a larger area of aggregate material at the Quadling Quarry. It gives the firm access to an extra one million tonnes of reserves and helps reduce operating costs.

"The BC Hydro cable diversion project is a large step forward in the development of both the Quadling Quarry and Pan Pacific Aggregates as a company," said chairman Lynda Chase-Gardener.

"I would like to thank all those involved in this very complicated task and I look forward to seeing Quadling Quarry reap the benefits of this diversion."

On AIM, Pan Pacific shares gained over 11 per cent in the first hour of Friday's session to trade at 2.5p each.

The micro-cap aggregate firm has strengthened its financial position in recent months with a number of deals.

In February it secured a £2 million equity line facility with Yorkville Advisors YA Global Master. Then last month it completed a £800,000 placing. Aim-listed investment group Veridas bought a 16.5 per cent stake in the company, subscribing for £300,000 worth of the new shares.

Pan Pacific, which has a quarry and other interests in British Columbia, said the net proceeds of the placing will be sufficient to fund the organic growth of the business into 2013.

The company also proposes to make a further payment out of the net proceeds of the placing as part of the terms of the creditors' voluntary arrangement announced last May.

"The company is steadily improving its cash flow and this placing will assist significantly in the further development of our attractive Canadian assets. It is also a clear demonstration of the confidence in the future of the business from a combination of both existing and new shareholders," Chase-Gardener said last month.

Nicholas Lee, Viridas' chairman, added that Pan Pacific represented an attractive opportunity to invest in a business operating within the Canadian aggregates sector with scope for expansion and development.

"This recent placing will better position the company to take advantage of opportunities that may arise," he added.

Pan Pacific's aggregates business operating in the Fraser Valley close to Vancouver in Canada.

Fraser Valley is currently one of the fastest growing areas in the region, with the local government committed to infrastructure development.

Pan Pacific currently operates the Quadling quarry producing processed hard rock for the local market.

"Having commenced operations 18 months ago, all the necessary infrastructure is now in place and all capital expenditure has been completed so the company is moving ahead

[share_shark] 13/4/2012 20:56

FinCAP ,House broker to PPA has set a price target of 24.6p according to Chalky on LSE but sorry I do not have a link.

[bains123] 13/4/2012 16:11

The risk / reward here is just fantastic!! I'm glad it's still under the radar as am building up substantial stake here :-)

[marab] 13/4/2012 16:08

Skiboy- If you do update the header how about adding a line to show the asset value of the cash. That alone would make this a buy let alone all the other assets literally thrown in for free.

[abbey8] 13/4/2012 15:50

Nice to see some good news here , I just hope they get on with more update .

[bains123] 13/4/2012 15:34

SKIBOY10, hi

could you update the header please where the VIR valuation is shown?

[ezlington] 13/4/2012 15:30

VIR Does it Again!

Pan Pacific Aggregate (LON:PPA) shares surged in early deals today as a programme to move a power cable was completed.
This opens up a larger area of aggregate material at the Quadling Quarry. It gives the firm access to an extra one million tonnes of reserves and helps reduce operating costs.
"The BC Hydro cable diversion project is a large step forward in the development of both the Quadling Quarry and Pan Pacific Aggregates as a company," said chairman Lynda Chase-Gardener.

[marab] 13/4/2012 07:47

Today's RNS for PPA looks good for VIR's investment there. Not such a questionable investment after all.

[marab] 12/4/2012 11:39

At a buying price of 0.4p I reckon VIR is trading at a discount of about 43% to NAV and a discount of 25% to cash alone. Worth buying a few at these prices I would have thought.

[steddieddie] 11/4/2012 14:07

Silly sods are probably shaping the business for the future instead of worrying about the share price Perverse! :-)

[abbey8] 11/4/2012 13:30

It keeps sliding down here , are they aware of that ?

[abbey8] 10/4/2012 16:56

Thank you sweepie 2 for trying , the market also down .Do not understand , what is the idea of having a forum with out seeing the good , the bad and the ugly over there in the BB , SO EVERY ONE CAN MAKE UP HIS MIND .

[sweepie2] 10/4/2012 11:54

Drip drip decline of the share price continues and I also notice that LDP are down alot today which poss has contributed to todays decline, also with PPA still being a high risk investment I fear that the decline will go on until some fresh news or rumours. A time to continue to build a position when its this unloved, daying that all of my so called investments are unloved at present. One of these days they will all come good