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One thing that might play out here, which I mentioned many months ago is that a certain person will buy the entire company for peanuts and then sell the Minto shares on the open market.
As I have explained 100 times. Funds can trade at a discount or premium to their NAV. That happens all the time. What matters for PERE is:
- how much debt they have - it's substantial
- how they'll pay a return to investors; unless Minto pays a dividend, the PERE revenue will be zero and hence ROI will be zero
- how much corporate governance there is - that is now close to zero.
Those factors all influence the share price of PERE, not just the Minto share price.
Why is somebody that makes true statements about a company a troll?
In contrast, somebody who offers no genuine fundamentals about PERE whatsoever, but who keeps screeming the virtues of the company - they are definitely a ramper.
@CAR3Y: Firstly: I have no idea who that other individual is. I've never heard of him before.
Secondly: @Rower is obsessed that I previously used another avatar. He posts on a single company for 10+ years, while I'm a genuine investor in 50+ companies. Yes, I used to use a different LSE avatar. I had to cease using that name after a lunatic tried to expose my identity after he became obsessed that I was a german individual called Thomas and posted it on twitter. Actually, I'm Australian.
Earlier in the year I had a large holding in PERE, but I've only traded it in tiny size ever since.
I think you'll find that 100% of what I've said is true. What has happened is precisely what I told you many months ago. There is something very strange playing out here. That is incredibly obvious, when the Minto Metals video only gives a passing remark about a company in England called Pembridge.
TOAD AKA FIREANT.
Quite a lot of boards on this web-site are plagued by one resident troll with multiple accounts. I wouldn't be surprised if this pair of toad accounts isn't just the machinations of a single delightful individual.
Nice bit of tag team trolling from the Toads …..
PERE looked very attractive while it controlled Minto. For unknown reasons, it lost that and is now a heavily indebted fund with a relatively minor (non-controlling) stake in a single company. Maybe Gati will pull something out of the hat, but most will want to see how MNTO develops and how the debt is reduced before investing significantly in PERE.