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we keep getting cash back
https://mintometals.com/blog/corporate-presentation-may-2022/
Pembridge Resources
@PembridgeRes
·
14 Jun
@PembridgeRes
has an 11.2% in Minto Metals Corporation who have just released a new presentation, investors can view the presentation via the website or the below link.
#PERE #Minto #Canada #MiningSimulator2 https://mintometals.com/blog/corporate-presentation-may-2022/
https://www.londonstockexchange.com/news-article/PERE/issue-of-equity/15475335
Agree to an extent. If PERE sold their stake in MINTO (assuming they could achieve market value), ceased all operations and returned cash to S/H, we might get 12p or so per share back imho. Also, if the MINTO board wanted to buy out PERE's share of the mine, it might be massively cheaper to just buy PERE!
Either way, I'm convinced this isn't a value trap and this will start to show sooner or later.
I cant pretend to understand what you are tslking about
I took the original ipo and bought steadily all the way down. I could have, and should have, sold the lot at 9-10p. I’ve always liked the Minto mine.
I’m not impressed with Gati “I was head honcho at Lukoil”, and three other directors being paid to look at projects and, eventually, invest £50k. It will be years of this until we have enough dividends to invest in anything meanwhile. PERE has turned into a lifestyle company.
Either sell the Minto shares and return a special dividend, or give me my Minto shares and I’ll be happy as a whatsname in doodah.
Repayment of loan due as well from Pinto,valued at
$1000,000 to invest in other opportunities
Few of us had great faith in this, nice to see a steady rise today. Waiting for news to sink in and to see north of 10+ soon...
Nice steady tick up
Re rate must surely be on the cards with those results
Its been looking likely for months, but still we wait. Patience required, but we will get there eventually....
So we own 11% of a mine producing profit of 20c per share (so more than 1p per share profit to us, or about 20% of our sp). That company is valued at $175m. Our market cap is £4.5m.
On top of this, we have other potential sources of income and are paying down debt.
Given runaway inflation, and the weakness of the £ too, it's only a matter of time before some junior analyst at a PE house spots the disconnect and a major rerating happens. (Why would you buy shares in Minto, when you can get them on the cheap through PERE?)
Hang on tight.
so revenues increased by a whopping $27.8 million in Q1
to add they generated revenue growth of 109% to $53.5 million and current market cap around £4m!
Huge increase in production in Pinto mine!!
70%
cannot believe the current huge disconnect between the share price and underlying value here - a rerate looks very likely now
Great news. Nice entry onto leaderboard with 5.88% rise.
that's great news released:
Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board of Pembridge said:
"Operationally and financially strengthened Minto is delivering the results with the strongest quarter since restart of operations in 2019. Like our company, Minto for the first time is showing positive net assets, positive net operating cash flow of C$15 million and fully diluted earnings of C$0.20 per share for three months of 2022. These excellent results together with the continuing investment in exploration give me added confidence in the strong value of our investment."
Endless tweets about copper prices and green energy possibilities.
Four directors being paid for one tweet per week and £50k investment.
Please stop wasting my time and money. Sell the Minto shares, pay shareholders, then carry on with your vanity projects.
Thank you.
Pembridge Resources
@PembridgeRes
·
May 17
???????????? ???? ??????????????????
Inside practically every #EV is a lithium-ion battery that depends on several key minerals that help power it
The average battery in 2020 contained 20kg of copper
#PERE #Copper #MintoMine #Investment
https://buff.ly/3vE4RwN
this was flying up on each little trade there, if the market had jumped in we would have seen a big rise
RNS Highlights
· Profit for the year of US$20,580,000 (based on exceptional non-cash gains) (2019 - loss of US$11,193,000)
· Basic earnings per share of 24.4c (2019 - loss per share 15.8c)
· Net assets at 31 December 2021 of $10,894,000 (2020 - net liabilities $10,958,000)
· Minto Metals Corp. ("Minto") is listed on the TSX Venture Exchange ("TSXV")
Post Year End
· Raised £160,000 through a placing in January 2022
· Received first quarterly repayment of C$1m from Minto in March 2022; further repayments due in throughout 2022.
The operating profit for the year of $21,225,000 comprised exceptional gains of $18,571,000 resulting from the assumption of Pembridge's liability to Capstone by Minto as part of Minto's listing and reverse takeover process; a gain on mark-to-market revaluation of the Company's investment in Minto of US$3,800,000; and administrative costs of $1,146,000. The operating loss in 2020 of $10,954,000 comprised an exceptional expense of US$9,369,000 on revaluing the present value of the Capstone liability and administrative costs of US$1,585,000.
TWENTY MILLION PROFIT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!