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My thoughts are Fire Ant is telling porkies. Like you say, he was bullish until the RNS, so why would he sell before then? And even if he had volumes have been relatively small. Besides that if the silent buyer in the background is true, then surely this is massively positive - ie someone knows more than us mere PI's, so why would you sell now? Simply a transfer of wealth from the impatient to the patient as the famous quote goes. Its a strong buy for me at these cheap levels. Looking for 15p minimum in the relatively short term here.
Hi Ant
When did you stop being Bullish if you have been selling over the last couple of weeks but the RNS that you think means something is not right here has only just come out.
I remember you saying that the amount of shares you held in PERE was approaching a notifiable level.
I haven't seen anywhere near the amount of volume over the last couple of weeks that would suggest someone holding 2 to 3% had sold out.
How many shares have you sold over the past couple of weeks?
Not too many if he's offloaded everything today!
How many PERE shares were you holding Fireant?
I would simply say Gati has invested a huge amount of his own cash in PERE. Unless he’s a complete numpty, then I would suggest he expects the SP to rise significantly, ie "I strongly believe having 100% of the Minto mine listed on a public exchange should help remove the current disconnect between the Pembridge share price and the materially higher underlying value of Minto."
More than happy to hold here. https://www.proactiveinvestors.co.uk/companies/news/907765/pembridge-resources-plc-continues-to-build-track-record-of-copper-production-907765.html
I don't expect this to have a significant impact on SP value until the deed is done - maybe flitting within the 6 to 8 range, but if successfully concluded I agree that it should be very positive for us, and hopefully agree double digits likely this Summer, based on likely Copper prices forecast for next 30 months. At least it adds some interest to holding this share...been a bit boring . Mayt
Now we can see proper value being realised for PERE shareholders. This news should get us back to double digits.