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could be set for a big afternoon here
Spot on - producing assets and a heavyweight team
taken longer than I thought,let's hope more realise the potential
I think the market dislikes uncertainty. DL knows this and is providing timely communication. The language Abt two assets being "inherited by management" makes it clear as day, that DL had nothing to do with them. Secondly they intend to invest in "producing assets" and so we will see revenue generation not just holes in the ground. What's not to like?!!
On 3.50p.. little volume this will break 3p . Exciting times from Monday- PERE
PERE from Monday then! Nice that's sorted.
China Africa Resources to scotch reverse takeover speculation by launching as an investment company - sources - See more at: https://www.betaville.co.uk/news/china-africa-resources-set-to-launch-as-an-investment-company-sources/#sthash.SQVuNNvz.IYimKt6Q.dpuf
Have a look at the team DL has put together ... this punt will pay off. It will be one of them shares everyone will remember for 2017
STRONG BUY------"In a very short time we have put together a team that is highly experienced in developing producing, cash-flow generating assets. Through our exclusive network we have sourced a number of compelling projects and we are carrying out initial due diligence on these. Shareholders will appreciate that at this early stage we cannot reveal any specific details about these opportunities. We continue to evaluate both the Botswanan copper investment and the Lithium project that management has inherited and will provide the market with an update once our review has been completed. We are cognisant of the time constraints imposed on us by the stock exchange however we are confident that we will be able to move forward as either a Rule 8 Investing Company or on an RTO in the not too distant future"
It's because people do not know an RNS has landed
market with an update once our review has been completed. We are cognisant of the time constraints imposed on us by the stock exchange however we are confident that we will be able to move forward as either a Rule 8 Investing Company or on an RTO in the not too distant future"
......
"In a very short time we have put together a team that is highly experienced in developing producing, cash-flow generating assets. Through our exclusive network we have sourced a number of compelling projects and we are carrying out initial due diligence on these. Shareholders will appreciate that at this early stage we cannot reveal any specific details about these opportunities.
Clear communication addressing speculation directly. And I do think the two PJ projects will be sold or in back seat. They have other plans. Exciting
Can someone plz explain the difference between rule 15 and rule 8 thank you.
thanks, im watching from the sidelines...if volume starts coming in them ill join you lads
China Africa Resources plc ("China Africa") Change of Name, Registered Address and Corporate Update China Africa Resources plc (LON:CAF), the AIM listed natural resource exploration and development company, announces that it has now completed the formal process of changing its name to Pembridge Resources plc (LON:PERE) (the "Company" or "Pembridge"). Dealings under the new name are expected to commence at 8.00 a.m. on 10 April 2017. The Company's website address will be www.pembridgeresouces.com with effect from today. The Company also announces that it has changed its registered address to: Suite A, 6 Honduras Street, London EC1Y 0TH with immediate effect. The Company has noted considerable speculation about its intentions and would like to take this opportunity to provide an update to its shareholders. The Directors believe that the mining, engineering and finance expertise it has acquired at a senior level since the management changes started on 17 February 2017 makes it well-placed to identify and potentially develop a number of projects which are currently under consideration. An option under consideration by the Board is for Pembridge to become an AIM Rule 8 Investing Company while maintaining the ability to complete a Reverse Takeover ("RTO") should an appropriate opportunity arise. David Linsley, Chief Executive Officer, said: "In a very short time we have put together a team that is highly experienced in developing producing, cash-flow generating assets. Through our exclusive network we have sourced a number of compelling projects and we are carrying out initial due diligence on these. Shareholders will appreciate that at this early stage we cannot reveal any specific details about these opportunities. We continue to evaluate both the Botswanan copper investment and the Lithium project that management has inherited and will provide the market with an update once our review has been completed. We are cognisant of the time constraints imposed on us by the stock exchange however we are confident that we will be able to move forward as either a Rule 8 Investing Company or on an RTO in the not too distant future" Shareholders should be aware that within six months of becoming an AIM Rule 15 cash shell (on 11 January 2017), the Company must make an acquisition or acquisitions which constitutes a reverse takeover under Rule 15 or face suspension from trading on AIM. The process of converting into a Rule 8 Investing Company will also satisfy the requirements of Rule 15. Contact: Pembridge Resources plc David Linsley, Chief Executive Officer T: +44 (0)203 778 0655 SPARK Advisory Partners - Nominated Adviser Sean Wyndham-Quin Neil Baldwin T: +44 (0) 2033 683 555 www.sparkadvisorypartners.com SI Capital Limited - Joint Broker Nick Emerson Andy Thacker T: +44 (0) 1483 413 500 Beaufort Securities Limited - Joint Brok
Good RNS. Name change Monday with new ticker. Either an RTO or we will be pursue Rule 8. Brilliant and they are reviewing projects
good
im new here
One or the other and projects under review. Brilliant
The Directors believe that the mining, engineering and finance expertise it has acquired at a senior level since the management changes started on 17 February 2017 makes it well-placed to identify and potentially develop a number of projects which are currently under consideration.