Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
@appletree: yes, the volume is small. It's often small for PERE. Now that MNTO has listed, PERE is a fund which holds shares in a single company. Most people interested in MNTO will buy shares in MNTO directly. Gati (the 'fund manager') has a seat on the MNTO board. A fund does not necessarily soar, just because one of its shares does. It depends on the debt and cost situation of the fund holding the shares... Lots of funds trade at a big discount to NAV. If I was Gati, I'd be thinking about how to buy the whole of PERE and selling the MNTO shares, because until MNTO starts paying dividends, it's hard to see how PERE investors get a return. In order to do that, I'd want the PERE price as low as possible...
FYI: I am an active trader of PERE. I used to have a large position, but bailed once the MNTO listing was announced.
Great post Appletree1, completely agree.
This drop back to 6p, around the average SP level of the last year, is on very small volume. This stock is of course majorly under-valued currently. The TSX listing proves that. Paradoxically since that hasn't led to an immediate upwards re-rate the impatient have accordingly sold/are slowly selling and the LTH's are refraining from topping up until fresh investors spot this stock and buy in. I think we need exposure / a further catalyst to grab the broader market's attention. As a starting point I think Gati should do stock-market publicity interviews on VOX etc and set out the achievements, prospective revenues and his vision/plans for Minto and Pembridge.
Does anyone know when they are due?
@Bythesea: "Been here for about 5 years and about 70% down"
You might find the book 'The Art of Execution' by Lee Freeman-Shor useful.
Been here for about 5 years and about 70% down you have to just laugh at what the SP is and what people including Gati says it should be.The stock market is for BODs MMs and Traders to make money.People like me ordinary investors are just cannon fodder.
100k buy
**** drop
Minto had $90m revenue for the 9 month period upto Sept 2021. Once this gears up in production, the cash flow should be nice.
So we are expecting an injection of cash any day now then. ATB
RNS 24 Sept 2021
As a result of conditions outside the control of Minto's management, the capital raise and listing have been delayed until now and this has led to a postponement to the first cash receipt from Minto from Q3 2021 to Q4 2021. This has impacted the cash flow of Pembridge. See previous post.
Cash flow back from Minto is the logical way for this debt to be repaid. But until there is some clarity on the road map/timeline for that repayment, this will not rerate properly. Life of mine will get extended. New orebodies will be discovered. Extensions to current zones will be found. Plenty of good developments, but those will all add to the value of Minto BEFORE they add to Pere.
CEO, Gati Al-Jebouri, has provided an additional facility of up to £200,000 to cover any cash shortfall until the end of 2021. This facility has been approved by the Pembridge Board of Directors and entered into on 21 September 2021. The Facility carries interest at an annual rate of 14%, to be paid upon repayment, and an arrangement fee in the amount of 6% of the amounts drawn down.
How will this be addressed ?
Directors hold 29.8% of shares here, which is more than most companies. Not convinced any more buying will move the needle. I think market needs clarity on Minto’s mining expansion plans for 2022, and how Pembridge’s debt is going to be addressed. So far Minto has been run like a private co (which it was). It’s time for greater transparency, investor engagement and forward projections. One or two broker notes would also help.
,
An official RNS:
“States 15.9p per share.”
Even fully diluted would be 11.5p per share.
It is only when the market recognises it’s true value it will move north.
We’ll wait and see on that one.
On 30 November 2021, Minto Metals share price closed at C$2.95, a 13.5% premium to the C$2.60 share price at which Minto Metals raised C$31 million prior to the reverse take-over process, previously announced. The market value of Minto Metals at the close on 30 November 2021 was C$213.85 million (£126.1 million at exchange rate of 1.696).
At the market close in Toronto yesterday, the 11.2% Pembridge holding in Minto Metals was valued at £14.1 million. which is equal to £0.159 per undiluted Pembridge share based on the Company's issued share capital of 88,965,516 shares or 122,220,856 on a fully diluted basis.
As a result of the part of the reverse take-over process that formed Minto Metals, the Shareholder's Agreement between Pembridge and the other owners of Minto Explorations Ltd. has been terminated and Pembridge and Minto Metals have executed the Future Expenditures Agreement ("FEA").
15.9p
1 December 2021
Minto Metals Shares Commences Trading on TSXV
London, United Kingdom - Pembridge Resources plc (LSE: PERE) ("Pembridge" or the "Company") is pleased to announce that the shares of the newly formed Minto Metals Corp. ("Minto Metals") have commenced trading on the TSX Venture Exchange ("TSXV") under the symbol "MNTO" on 29 November 2021.
On 30 November 2021, Minto Metals share price closed at C$2.95, a 13.5% premium to the C$2.60 share price at which Minto Metals raised C$31 million prior to the reverse take-over process, previously announced. The market value of Minto Metals at the close on 30 November 2021 was C$213.85 million (£126.1 million at exchange rate of 1.696).
At the market close in Toronto yesterday, the 11.2% Pembridge holding in Minto Metals was valued at £14.1 million. which is equal to £0.159 per undiluted Pembridge share based on the Company's issued share capital of 88,965,516 shares or 122,220,856 on a fully diluted basis.
As a result of the part of the reverse take-over process that formed Minto Metals, the Shareholder's Agreement between Pembridge and the other owners of Minto Explorations Ltd. has been terminated and Pembridge and Minto Metals have executed the Future Expenditures Agreement ("FEA").
As a result of the FEA, Minto Metals now assumes the obligations of Pembridge with respect to all outstanding Capstone payments arising under the Share Purchase Agreement for the acquisition of Minto Exploration Ltd. (now renamed to Minto Metals Corp.).
Pembridge continues to remain active in the management of Minto Metals as its Chairman and CEO, Gati Al-Jebouri, is now a director of Minto Metals and chairman of the Audit Committee of Minto Metals.
Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board of Pembridge said:
"We are delighted to have reached the end of this multi-stage process that has led to the Minto mine becoming a publicly traded company in its own right, having re-started its operations two years ago. It has taken a lot of work and co-operation from the management of Minto Metals, its advisors and our fellow investors in the business, which is highly appreciated by us. We are grateful to the Selkirk First Nation Leadership and the Yukon Government for the ongoing support of Minto Metals and look forward to continuing to grow the business for the benefit of all stakeholders.
Now that the Minto Metals shares are traded on TSXV, we hope that the market will quickly recognise the inherent value of Pembridge's holding in Minto Metals and the Minto operations generally."
Can sell 200k above the offer price! Hang on
A few impatient traders selling out have dipped the price temporarily but as a sterling proxy for MINTO, following Minto's successful IPO in Canada currently this stock is now considerably undervalued and it should in time rise to fair value once the impatient traders have moved on.
In the words of Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board of Pembridge regarding the Pembridge raise for funding Minto in September:
"This capital raise by Minto Metals, resulting in investment by new and existing shareholders at a pre-money valuation of CAD$ 156.6 million, confirms the true value of our investment in Minto. This additional capital will enable Minto Metals to further increase production, to benefit from the resulting economies of scale as well as the current strong price of copper and to extend its life of mine with further exploration. The capital raise and listing of Minto Metals provides a transparent third party valuation of our investment. I trust that the market will now recognise the value of Pembridge's investment and reflect this in the Company's market valuation. We are proud to have been involved in re-starting the mine and pleased that it is now able to move into a new phase of development with the upcoming listing and new capital and look forward to seeing the value of our investment increase as Minto Metals delivers on its long term objectives. With the expected cash inflows from Minto Metals and higher valuation of our company, I believe that we will be ready to execute on the fourth stage of Pembridge development, which I outlined in 2019 when I took over the leadership of the company. This stage is the identification of new projects to invest in and grow our business."
Decent buys going through. This will rerate, just needs patience....
You might as well hold shares in Minto direct as no other projects yet
Why>
What exactly is the value proposition of this co?
Genuine Q, Is PERE now just a shareholder in MNTO i.e. an 11% stake?
How will this deliver value to PERE shareholders?
In theory the value of our investment went up yesterday but the price of PERE is slipping
If PERE had other business away from MNTO fair enough but that does not appear to be the case.