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Paragon Diamonds

18:15 on 04/01/2016

Current Price 3.98p | Bid 0.00p | Ask 0.00p | Change 0.00%

Company Overview

Paragon Diamonds Limited is a holding company of both producing and exploration assets with an initial focus on the diamond and coloured gemstone industry in Africa. The Group's objective is to continue production from its established operating Konoma Diamond mine in Sierra Leone, with the subsequent intention of increasing the value of its Diamond and Gemstone Assets through the development of resource estimates and, where appropriate, commence production of other economically feasible Diamond and Gemstone Assets. The Group is led by Directors who have experience of operating both producing and exploration resource companies in emerging markets. The Directors intend to utilise internal expertise to operate the Konoma mine whilst maintaining a disciplined and minimal cost base and where necessary, appropriate external expertise to assist in developing the resource estimates of the Diamond and Gemstone Assets. The diamond assets comprise 100 per cent. Interests in four diamond mining licences in Sierra Leone, West Africa and one exploration licence in Tanzania, East Africa, which is considered prospective for diamonds. The licences cover a combined total area of over 162 km2 in Sierra Leone and 64 km2 in Tanzania. Detailed geological work has been undertaken on a number of areas within the mining licences in Sierra Leone where an indicated and inferred resource of 119,000 carats of diamonds has been estimated.

Stock Details

EPIC PRG
ISIN GG00B6684H44
Shares in Issue 277,888,291
Market cap £ 10.84m
Sector Mining
Indices

Financial Highlights Year Ended 31/12/2013

Turnover £0.00 million
Operating Profit £-1.26 million
Dividend Yield 0.00
Dividend Per Share 0.00
Dividend Cover 0.00
P/E Ratio -1.19
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Key Personnel

Simon Retter Finance Director

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Price Summary

Mid Price ? 0.00p
Bid Price ? 0.00p
Ask Price ? 0.00p
Volume ? 0
Change Today 0.00p
% Change Today 0.00%
Open 0.00p
Previous Close 3.90p
Intraday High 0.00p
Intraday Low 0.00p
52 Week High 5.75p
52 Week Low 3.90p

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Broker Consensus

The above information represents a selection of the views and target prices published in the last 120 days by analysts in individual stocks. It is subject to change without notice and may not necessarily be the view held by Redmayne-Bentley.

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