Hope RAGM Cease Operation Permanently

根據PGL 的聲明,RAGM在勞勿的金礦已暫時停工關閉,主要原因是環境局要求金礦管理好石渣廢料。公司近來虧損很大(six months to 31st December 2013 was GBP2,817,879), 周轉不靈(每個月要還的利息超過£140,000,US$750,000的分期付款12月到期,£1.2 M的債卷也將在22/12/2014到期 ),因此其母公司已要求倫敦交易所昨天停止交易。


Look like all the rumours are true, hope RAGM operation in Raub will be ceased permanently.

1) Peninsular Gold Limited, the parent company of RAGM announces that it has requested a suspension of trading of its shares on the AIM Market pending clarification of its financial position. The suspension was effective as of 7:50am on 2 December 2014.

2) As at 30 November, 2014 Peninsular has available funds of approximately £320,000. The Group currently has £1.2m convertible loan notes which are due for repayment on 22 December 2014, and need to service £140,000 interest per month (means their available fund is only able to serve less than 3 months interests)

3) Malaysian environmental authorities (DOE) impose additional operational requirements, in particular the authorities have requested changes relating to the location of RAGM’s tailings storage facilities which would require significant changes to its tailings management plan.

4) RAGM has taken the decision to halt gold production at Raub pending resolution of above issue (I smelt fishy here, I strongly believed DOE has issued a Stop Work Order)

Here is the statement released by London stock exchange



Author: huichun

Originate from Taiping, now staying in Kuala Lumpur, Malayisia and working in a management consultancy and training firm. A typical Gemini that like to poke the nose in everything, everywhere. Like to cook, travel, read, share views with others,help the needy.......... Currently the main concerns are Malaysia civil society & politics, world environmental issues and managing a community library in KL.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s