George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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CaneToad, no hard feelings, just jesting with you.
CaneToad
“ As a large investment, this has too many moving parts for me. I've lost track of the finances and strategy. Gati effectively controls the company now; there's limited corporate governance.”
Exactly my view. CEO / Chairman makes it more sub-optimal.
@Rower: I don't have time to engage with individuals like yourself.
I offer genuine, balanced content. I am a genuine investor. While you just seem to be obsessed with insulting people. I have executed over 1,000 profitable trades over the past year, generating hundreds of k of profits, spread over Canadian, US and UK stocks, while you just seem to be obsessed with a single penny stock for 10 years!!!!!!!!!!!!!!!!. Get a life!
Good luck.
Rower: "You missed out 'aka FireAnt' when you quoted me. Why? Are you embarrassed you got found out?"
@Rower: Maybe somebody should add your name to a fake email and send it to everybody, accusing you of some fake crime? Nothing has been found out. You seem to be obsessed with this fake story.
FYI: I hope it does well on the TSX and I'll trade it if it does, but I'm cautious about that.
There are other Canadian miners, like Rambler, that are having a very tough time, although, granted, PERE is lucky to have a CEO with deep pockets.
None of the copper miners are doing well currently. e.g. Atalaya has an impeccable balance sheet and it massively profitable, but is priced on a 4.1 P/E. Similarly, Central Asia Metals is doing well, but they're also very cheap. Then you have Lundin and Capstone, both Canadian and both with great balance sheets and are v. cheap. Bottom line: Copper miners are not highly valued by the market at the moment and this makes it even more unlikely that the Minto listing will strike gold.
You missed out 'aka FireAnt' when you quoted me. Why? Are you embarrassed you got found out?
@Rower: "Have you worked it out yet CaneToad?"
@Rower, I'm a trader. I trade. I cashed-in a nice trade earlier this week on the back of the rise and will wait for another entry-point.
As a large investment, this has too many moving parts for me. I've lost track of the finances and strategy. Gati effectively controls the company now; there's limited corporate governance.
"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. The Facility carries interest at an annual rate of 14%, to be paid upon repayment, and an arrangement fee in the amount of 6%"
Good luck.
Have you worked it out yet CaneToad aka FireAnt?
I recall reading this
https://twitter.com/CorsieRichard/status/1419620584669986818?t=HGRyT2qUS0PIF2ayPxNFcQ&s=19
I hold his comments in high regards, just a waiting game.
Unfortunately, I'm finding it very difficult to get any information about the listing, so as many here, a waiting game as said.
You've changed your tune FireAnt? Wonder if you'll get this post removed as well?
I'm not concerned about the IPO, even if it didn't go ahead. I invested here due to Minto, which (in my view) is an incredible asset. Minto, combined with Gati, given his huge holding. I've been scratching my head for months with this, never worked it out. Being also in some other small copper miners, I've seen first-hand how the market is currently pricing these companies and it's not inspiring. Even some of the blue-chip copper miners have been dropping or stagnating for months.
The delay may be purely regulatory/legal process taking its time. RTOs can take several months I read. Main thing is copper remains buoyant, Minto is in production with ramp up of capacity planned, ready buyer of concentrate in Sumitomo and the step out drilling has commenced. Investors move in herds. When/if the value emerges, buyers will come in. Until then it’s an orphan holding 11% of an op that’s obscure as regards profitability. Imho only. DYOR.
I’m hoping minto ipo has been delayed and Pere sp is pricing this short term disappointment in hence recent lull.
If it’s not that reason there’s probably a bigger concern so hoping it’s simply all down to a delay.
Can any fellow Pere holders honestly say they would be that surprised or disappointed given the markets treatment of “risk” since may?
Would seem like common sense/good management to hold off floating in these conditions and if there is any other reason to value approx 10% of a 200 million enterprise at approx 5 million I can’t fathom it.
Scratching my head a bit to be honest. Won’t sell but equally can’t stomach adding more right now even though value looks obvious to a mug like me
Why's there been no further news about the IPO? Wasn't it meant to close in July?