(PPA) Pan Pacific Aggregates
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3.75
-0.75
(-16.67%)
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- Level 2
Discussion
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| Wed 23:43 | ||||
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A 16.5% drop in the sp today.
New leadership should be showing by example .Yes by ploughing in their readdies into buying shares. I never heard of an standby equity scheme that bases release of funds based on volumes of traded shares. It appears no one rushing to lend or invest through the conventional methods. Why one might ask? Just look at the history. It looks as though the new leader has a big task ahead of restoring confidence. Don't come asking me for more funds unless there is a clear strategy or the purchase of a quarry at the end of it. And if you start ignoring shareholders and refuse to communicate.Well contempt works both ways. Regards DT |
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| Wed 18:52 | ||||
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...All they need is another 100 - 1 consolidation, and "BANG", back to where they started @ 5p...!!!
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| Wed 17:11 |
Hold
Re: Have faith
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I am 97% in the red, so staying i a no brainer for a sucker like me!
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| Wed 17:06 | ||||
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16% Down on no volume come on this is just game over imo
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| Wed 15:29 | ||||
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I shall keep the faith and hold on until I see a definae climb, no mattere how small sustained for a month or so the average down. I do think they will come back to a degree but not sure how much. A long term one this.
Out of interest the web site has changed. Used to show 3 operations, now only Quaddling and WV as Director Quaddling Quarry, management team. |
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| Wed 15:13 |
Hold
Have faith
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I like many other investors are at present looking at a paper loss, Lynda has joined a company with many past problems, so i feel we should get behind her and give her our full support, it may take 6 months or a year before she sorts things out, but i am not concerned, if i was i would sell up and write my losses off.
With only 39 million shares in circulation any good news must enhance the share price. so who knows what the future holds. |
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| Wed 14:47 | ||||
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Psycho - I think you are right to cancel your buy at 3.75p. Linda's primary responsibility is to keep the company solvent and she has arranged what she considers to be the best finance deal for ppa. If that results in an sp drop it is better than the company going bust.
Not surprised that she does not own shares yet. |
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| Wed 14:22 |
Hold
How low can we go?
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Dissapointing but predictable drop since the consolidation. Odd how it was sat around 0.04 and changed to 5p on the high side of the last few days and is now falling back. I think we will see 3.75p at worst over the next week or so and then it should settle until news. Not a negative post just how I see it will go. I've got a top up auto buy at 3.75p though just in case.
------- I've even cancelled my 3.75p buy now following this latest money raising issue. When they actually draw on it I think we will see a significant fall in SP. I'm still in and holding hopefull though. GLA I agree with all the comments about communication. Come on tell us what your plans are, within the rules I mean before everyone corrects me and says they can't. |
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| Wed 13:18 | ||||
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3/8" OF f.all then.
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| Wed 12:33 | ||||
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Here are the salient points of the answers to my questions.
I asked: Where is the future? The answer was that to get the company into a cash neutral position which is expected to happen through the growth at Quadling. They are also looking at other local opportunities to expand the asset base and are in discussions with teh Council regarding the operation of Shaw Pit. I asked: When do you see the company becoming profitable and being able to repay shareholders? The answer was that the company is progressing and that Lynda will keep shareholders informed when ever she can. I asked: Will communication with the shareholders improve? The answer was that the Company makes regulatory announcements as required and has recently updated the website. She hopes to post newsletters regularly and asks that we be patient as she has a lot to do! |
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| Wed 11:21 | ||||
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I have just had a reply from Bill Sharp saying that Lynda has answered my questions and he will let me have them later on today.
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| Wed 10:51 | ||||
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I have an email address for her in Canada and in the UK so hopefully she will answer and I will let people know how I get on
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| Wed 08:52 | ||||
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Good Lad Coch,
I hope that you do better than I do, I don't get any answers. Bill Sharp was very good at answering my requests for information but as he rightly said, he cannot answer for Lynda Chase-Gardener. Bill has asked her to contact me on two occasions but so far nothing has occured. Good luck, do let us know if you get a result. |
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| Wed 07:33 | ||||
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Sedanca - I agree 100% and I am going to drop our new leader an email to see if that is her intentions and express our dismay at the lack of comms with its shareholders
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| Wed 07:25 | ||||
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The draw down facility should create some interesting share price activity.
We have already seen the slightly odd buy and simultaneous sell of large volumes of shares (I think there were a few transactions of 72 million in old money). This will probably happen again as the amount of money that can be received is linked to volume. Also, ppa's shareholders (note that I do not include the new eChair in that group) will want the sp to be as high as possible to reduce dilution and VA will want the sp as low as possible. This is a recipe for fun and games, rampers and derampers and conspiracy theorists. Do we know if the stand by finance will also have first call over assets should things go wrong? Good luck all. |
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| Tue 20:55 | ||||
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Coch6670
Euan MacAlpine has done his bit and he has certainly put his hand in his pocket. Now the rest of them only put their hands in their pockets to bury their salaries! I hope that Lynda Chase-Gardener buys some shares and does not follow Voaden's example of giving out Options at ridiculous prices. We will just have to wait and see, there is nothing that we can do except hope that perhaps the BOD will listen to their shareholders, just once in a while. The BOD do not have the sole rights to be correct all the time! |
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| Tue 19:35 | ||||
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Sedanca - well over 100,000 shares traded in the end. Just wish the directors would put their hands in their pockets and buy some shares. It would really help with the creditability of PPA within the markets
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| Tue 16:52 | ||||
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No, III have still not got my allocation sorted. I cannot even find Corporate Actions on their new 'Improved' trading platform.
All they say is that I should call a phone No if I want to trade these shares. Not exactly what one expects of a Web based dealing system. Hence my 'HOLD' vote...what else can I do! |
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| Tue 13:16 | ||||
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250 QUID NOW, LOL. sHAW PIT WILL BE A GOOD MOVE TO GAIN INTEREST BUT, WITHOUT NUMBERS TO GET IT OFF THE GROUND, AINT WORTH A W. 6 MILLION SPENT HERE TO LOOSE 30-50K A MONTH?
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| Tue 10:31 | ||||
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According to the terms of the SEDA PPA is going to have to increase the interest level in the company quite dramatically:
___________________________________________________________________________ The amount of each Advance cannot exceed, inter alia, an amount equal to 200 per cent. of the average daily trading volume of the Ordinary Shares multiplied by the VWAP on AIM for the ten trading days prior to the draw down request. ----------------------------------------------------------------------------------------------------------------------------- Over the last month it would appear to me that PPA have traded an average of about 6,000,000 a day. If that is correct take an VWAP of 4p then the maximum they could raise would be: 6,000,000 x .04 x 2 = £480,000 That is all well and good but the terms also state that this is subject to: The draw down is subject to certain restrictions, including marketability, which may limit the total amount available under the SEDA. So far today 268 shares have been traded! The Board has got to "up their game" if they are going to get the money. |
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| Tue 09:19 | ||||
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Coch6670
I agree with you, it is vitally important to get the interest level moving upward very rapidly. I have never understood why the BOD have not seen the benefits of keeping people informed. If the number of shares traded do not meet the requirements of the SEDA then they could have difficulty in drawing down any money. It appears to me they would still have to pay the £100,000 arrangement fee even if they cannot draw down the cash. Am I correct? |
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| Tue 07:12 | ||||
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Will be nice to know numbers since last newsletter and keep up the dialogue with investors
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| Mon 23:33 | ||||
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This is good news as gives us working capital to move forward
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| Mon 23:31 | ||||
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Call your broker and get them to update their website as you should see your share holding has be consolidated 100:1 ie if you had 1 million shares you will now have 10 thousand shares
I hope this helps |
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| Mon 23:29 | ||||
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Pan Pacific Aggregates sees price growth in 2012
Aggregates miner Pan Pacific Aggregates (LON:PPA) emerged among the top performers in London last week as investors cheered the bullish outlook for 2012 offered by the management. The recently appointed executive chairman Lynda Chase-Gardener said the groups main asset Quadling Quarry in British Columbia has traded well in the local market despite the challenging macroeconomic environment. The local market, said Chase-Gardener, should grow two percent in both 2012 and 2013 as major infrastructure works that started a couple of years ago are now in full swing. As a result, PPA expects to see growth in aggregate prices this year, which, along with continuing improvements and expansion of Quadling, should help it achieve its goal of becoming cash flow neutral as soon as possible. We are reviewing all local opportunities available to the company to profitably expand our asset base and discussions with the Local Council regarding the operation of Shaw Pit remain a key focus, said Chase-Gardener Earlier this month, PPA entered into a non-binding agreement over a stanby equity distribution Agreement (SEDA) for up to £2 million to fund further development of the business and cover capital requirements. |
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| Mon 23:22 | ||||
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Sedanca - once the cable move is completed then we will see profits at PPA. PPA need to invest in other quarries particularly Shaw Pit as they have licence in place
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| Mon 23:19 | ||||
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A well balanced post. Which others shared your view
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| Mon 20:28 | ||||
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I decided to leave my shares alone for approx a year a I have a habit of interfering at the wrong time. I seem to have a hold/understanding of all my share prices apart from PPA. On my share dealing account I it states the total consideration of these shares at £0.00 and also says corporate action consolidation.
I am hopeful someone can I help me understand the situation as I feel I may have lost my money on this one, am I right??? any help is appreciated, thanks |
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| Mon 19:39 | ||||
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Must fit the new keyboard........................
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| Mon 19:37 | ||||
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At the ebd of the day we are a 1 trick pony with no cash? they have to pay 100k just to borrow and can only borrow 200% of 10 days trading? At todays trades 2k x 10 days + 40k so if they want 500k they will need to trade 25k for 10 days? Not sur if the include more sells than buys as if the price drops to 3p? well.
A real siht deal if you ask me? wonder if willy aranged it? |
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| Mon 11:57 |
1 |
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I agree with you that you have lost nothing until you sell or the company goes bust! I also agree that the past is the past and there is nothing that we can do about it. But we could influence the future by making suggestions to the board, regrettably it would appear that they do not listen or at any rate they certainly do not answer any questions. The Bulletin Boards should be buzzing with news and excitement now that there has been a change at the top, but what have we got . . . continuing lack of communication.
You say that the company has contracts, and that it has money coming in, again I agree with you but in the company's own words they are losing money on the Quadling operation. It is costing the company money to sell the aggregates! I have to say that this is not a viable method of conducting business. We have to be brutally honest with ourselves if we are going to continue with our individual investment in PPA. I am far from suggesting a massive sell out of investors positions, I would simply ask that people look at the opportunity and make a realistic decision. I am staying in because I have no other realistic option. |
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| Mon 11:34 |
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I stressed in my earlier post that it would be easier to raise funds in the future, with the shares at 5p, and i feel that is right, who in their right mind would want to lend money for shares when there is 3 billion plus in circulation, if in the future PPA wishes to invest in another quarry with only 39 million shares funds will be easier to raise, with a lot less dilution.
Fot those who have no faith, cut your loses and get out, better to get 10% of your outlay back than nothing, or stay in and believe this company may come good one day, and your patience rewarded. |
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| Mon 10:57 |
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Use of the facility is entirely at the discretion of the Company and there are no penalties for not requesting an Advance. The implementation fee of £100,000 will be paid in four quarterly instalments.
They do not have to issue (by taking up the advance) the full number of availble shares under its terms. |
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| Mon 10:31 |
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Like the way she,the so called(e chairman) says.."We are delighted . . .
_______________________________________________________ Of course she is delighted, this will guarantee her salary for at least a year! 39 million shares toady with a market Cap of £1.76 million, I agree with that. but when £2 million worth of shares are taken up by this arrangement I would guess that the SP will slide and we will have close to 100 million shares. Izzy Bear says it will be easier to raise funds! Great Scott we have only just raised £2 million and you are already talking about raising more which in turn will dilute all the shareholdings. Yes, I agree that if they had not taken this course of action the company would probably have folded but please do not rejoice on the proposition, that this will make it easier to raise more money. I do not believe it to be the case. Every investor, particularly the City will have full access to the past history, and the board would have to divulge all the details of the past before any investor would dip their toe in this icy cold water yet again. Lynda Chase--Gardener has been moving quickly since she has been on board, now she needs to communicate with not only the shareholders but the industry that, we are told, she knows so well. If she is not seen to be doing things then I fear she will follow Voaden down the road. So Lynda talk to us, give us something to discuss on the various bulletin boards, get some real enthusiasm into your supporters. I do not want to see the company go down, I have a great deal to lose (about £65k) and I would like to get some of this back. Lynda buy some shares, show us you have confidence in your ability! Demonstrate your courage and determination to succeed. |
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| Mon 10:26 | ||||
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Pan Pacific Aggregates secures £2m facility from Yorkville Advisors
February 06. at 10:13 am http://bit.ly/xikkmQ |
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| Mon 09:22 |
Hold
39 million
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What other people think of this share doesn't really bother me, like others i have been on board for 3 years, and seen the price go up and down like a yo yo, i've seen a lot of what i would call under hand fund raising, people with no names or faces lining their pockets, taking investors for a endless ride, but as i keep saying, a profit or loss is only when you sell, if the company goes bust, thats when you lose all you investment, and not before.
I like the fact there are only 39 million shares now, we have a stronger board and access to over a million tons of Aggregates, plus the fact people are more likely to invest in a company with only 39 million shares than 3 billion shares, capital is easier to raise, and the company has a stronger base on which to build, with the days of WV and his side kicks behind us, it's time to move on. There is a viable business here, the quarry is up and running, it has contracts and it has money coming in, yes the past few years have been hell, the debts, permits and the access bridge have all been problems, but now they have been resolved i am happy with my investment. |
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| Mon 08:14 |
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I'll take that back..not a fool..so sorry for that.,you dont warrant that.
But i have been in this dog share nearly 3 yrs...like a lot have,only to lose £2k...others are far more down. They will never see their funds again..or at least a few yrs..if the company does not fold. Whats good about that. We are all intitled to are view who have invested,besides i hardly come on here....what for. |
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| Mon 08:13 |
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100k admin fee....but good news
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| Mon 08:08 | ||||
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How can i comment,i'v lost £2k...so i can comment you f*ool.
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| Mon 08:06 | ||||
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Danpoe - Change the record. How you can comment when you don't even know what the SEDA means for PPA.
This is the best chance you will have to get back your investment. |
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The discussion boards on this site are intended to be an information sharing forum and is not intended to address your particular requirements. Whilst information provided on them can help with your investment research you need to consider carefully whether you should make (or refraining from making) investment or other decisions based on what you see without doing further research on investments you are interested in. Participating in this forum cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you.
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