Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I think this share news company as got it wrong 0.2p maybe.
Even that shows AIM just a way to be swindled out of money .
Shares were suspended in London on Thursday at a price of 20 pence per share.
Canada again .
Alliance News
Thu, 18th May 2023 ( Might of missed it 18 days after accident )
Pembridge Resources to liquidate after suspension of mining by Minto
Pembridge Resources PLC on Thursday requested the suspension of its shares with immediate effect after reviewing its "ability to continue to trade as a going concern."
As a result, the mining company with investments in British Columbia, Canada has engaged insolvency advisers at Evelyn Partners to commence steps to place the firm into creditors' voluntary liquidation.
The company took the step after announcing on May 15 that it was unlikely to receive CAD2 million due from Minto Metals Corp, the company's main asset.
Pembridge also announced on that date the suspension of mining by Minto, in which it holds a 11% stake, and the suspension of Minto's trading on the TSXV.
Of the CAD2 million due, CAD250,000 was payable during 2023 and was deemed "critical" to the company's cash flow over the next 12 months.
A general meeting of the company will be convened as soon as practicable to formally resolve that the company be wound up voluntarily.
Shares were suspended in London on Thursday at a price of 20 pence per share.
Found this thread 17/1/2020 .
Might of been even .
Date shows top of a spike might have been a return to trading , declined fast after .
Might of saved half of loss May 2021 at 7p another spike up to 6p November 2021 decline to nothing after that .
Small broker rang ramping it 2017.
Mistake to invest in AIM.
22/8/2017 ..64500 x 1.55p = £999.75
17/7/2018. consolidation.
15/1/2020 nontradable switch.
Chat does not reflect consolation no idea if ever in profit .
Unfortunately I was correct. Hope no-one listened to that muppet Barson.
> to engage insolvency advisers at Evelyn Partners LLP and to commence steps to place the Company into Creditors' Voluntary Liquidation. A General Meeting of the Company will be convened as soon as practicable to formally resolve that the Company be wound up voluntarily.
This will never return, plenty more penny stocks will follow the same path
Not surprised. This might be the end.
Looks like the idiot has been banned. Good work admin.
This share is no more than a total gamble. It's not an investment, and barely a traders share. It's more like putting your money on a nag.
The low liquidity may be a problem for anyone buying in and selling at the wrong time. Buyer beware.
I point out the obvious with a heavy heart as I had £2k in here. A small amount luckily that is probably worth about £100 now. It's not even worth my time to check. I doubt I'll be getting much back, ever.
Delayed buy at a guess
Good trade for someone made easy £500.00 from this morning.
Maybe a pump and dump share be careful guys
Look at level 2
Bid is 5X stronger than the ask now
If it returns to market listing price you’ll get 10x your money from this market cap
You could be right!
What asset? 90% of it is the mine stake, and the mine operator is screwed. PERE have already laid out the going concern risk in black and white. Anyone buying these is buying into a company that could be insolvent very shortly or, probably most likely, sold to a white knight for a bargain price - leaving us with a large loss or massive dilution at at the very least.
Trying to big this up as a bargain because the supposed asset value is higher market cap just makes you sound like a chancer and a fool.
Oops, should have gone to Specsavers
What’s the deal with them trades Friday? That kinda match some and not all of the big trades today, did gati sell Friday or is he creating a taxable events to write off?
11-May-23 11:09:27 1.45 3,982,930 Unknown* 57.75k O
15-May-23 08:47:22 0.3357 3,982,930 Unknown* 13.37k O
11-May-23 11:09:08 1.45 2,807,929 Unknown* 40.71k O
15-May-23 09:11:37 0.338 2,957,929 Unknown* 9,998 O
11-May-23 11:09:32 1.45 6,790,859 Unknown* 98.47k O
15-May-23 13:29:13 0.18 8,744,242 Unknown* 15.74k O
15-May-23 09:11:06 0.35 3,697,879 Unknown* 12.94k UT
Its Minto shares that are suspended, not this.
What idiots suspending the shares after hours.
Could of done that this morning.
I wonder if we're get a huge trade, in the next few days, selling at 1.45p.
For insider dealings???
It was always a lifestyle company.
Gati used to brag about being the big executive, but he has never seemed that sharp to me. And self-serving.
Another miner down around 99% for me.
There's always money to made raising money for mining, rather than mining itself.
Hugely disappointing. Only expecting for a miracle now. Gati & team have let us down big time and only a thin line of hope that they will turn this around. Such a hard truth for newbies.
More money down the drain 😠
I doubt these will ever come back.
These are not worth the paper they are writing o
Look like finish game over
Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board of Pembridge said:
"The ability to support Minto's financial position is of high importance to the success of our investment in Minto. The acquisition of Minto in June 2019 came with liabilities and obligations by Pembridge to Capstone and Zurich Insurance. I am pleased that we have reached agreement with Minto to receive full indemnity by Minto to Pembridge for all those obligations and liabilities and for Capstone's agreement to release and discharge of Pembridge of the obligations and liabilities of Pembridge towards Capstone arising from the SPA. To achieve this significant step in simplifying the potential liabilities of Pembridge has come at the cost of deferring a large part of our receivable from Minto. However, this enables us to continue more effectively seeking partnerships to grow our business and provides the fullest support to Minto that Pembridge is in a position to undertake. I trust that, with the additional financing that Minto has received and the support from Capstone with the deferral of the payment of the remaining purchase price, Minto will continue developing the mine and seek to generate the maximum value of the investment."