PYX Resources: Achieving volume and diversification milestones. Watch the video here.
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Expecting a big blue today tomorrow, a lot of people most likely didn't buy in because of possible suspension from RTO. I still reckon this could still smash 52week high on the right news. DL & team are serious people with serious contacts.
And remember what happened with MCC !!!!!!!!!!! :)))))))
One of aims favourite words. Expect to see blast off shortly. If correct was right all along about binning the PJ stuff..atb folks.
Exciting that things are finally moving. Is there any possible negatives for us? I'm not familiar with the mechanics of the move to investment co. Thanks
If the speculations are correct: Market Cap currently £2.3m, with another £6m+, this will easily triple+ in share price.
Considering this has been said: https://www.betaville.co.uk/news/china-africa-resources-set-to-launch-as-an-investment-company-sources/ David Linsley will need to comment on these speculations sooner than later, to keep things in check.
Do you think we might actually have blue day tomorrow or just more red
News is going to be huge when it lands. If there is a raise it would be at a much higher premium but according to the website we have funds sorted
I like these rumours. DL is giving private investors an opt out by leaking this news few days before it arrives officially. How smooth! Secondly funding appears to be sorted: great news. the investors will buy into the formidable team, like (I hope most here) I have.
These guys have access to the money people so I don't see a huge discount if any and don't see them limiting themselves to £6m. A very interesting turn and looking forward to what transpires with these big hitters.
Iam guessing with their connections any placing will be quickly filled , if not already . A little more patience and well soon find out . This Co is a hold , not a trade & Iam expecting spectacular returns over the cycle .
Primary bid*
Aslong as they raise £5m at 5p or more I don't care. If they do some carp like prem or lgo and try raise on primary if at ~30% discount on today's price that would be annoying. But not the end of he world, any certainty to complete the aim listing will help.
So will their be a placement and if so how much lower than today's price
Six million quid gives them access to a lot of opportunities right across the sector . Exciting times ahead
I think this is good news . Gives them control & more flexibility & access to many more opportunities. Look at their team , top of their field . More importantly great access to funding / private equity , that's their specialisation. They will want the best returns in their sector during this next commodity bull market . They've staked their reputation on it , so will be highly motivated to be the best ...
Very interesting. However these guys decide to move forward you can be sure it is going to be very good for shareholders. I am sure there are a lot of struggling miners out there with great assets that just need a cash injection and a firm hand to turn them around.
China Africa Resources to scotch reverse takeover speculation by launching as an investment company - sources Thursday, 6 April 2017, 4:15 pm Remember my tale about about China Africa Resources? (in case you don't, here is the link: https://www.betaville.co.uk/news/revealed-the-real-reason-china-africa-resources-changed-its-name-to-pembridge-resources-sources). Well, I hear followers of this AIM-listed tiddler are on the cusp of receiving some hard news, some of which is likely to be quite unexpected. China Africa Resources - which is in the process of changing its name to Pembridge Resources - is poised to relaunch as an investment business under Rule 8 of the AIM rules for companies. An announcement could be made in the next few days, according to my industry sources. This might surprise some of the bulletin board punters, who have been expecting a reverse takeover announcement as it's the standard move for a cash shell and one that is generally required by AIM rules. Over the last few weeks David Linsley, the newish chief executive of China Africa Resources, has recruited a heavyweight team of mining specialists as directors or advisors and, according to sources, he wants to use their experience and network of contacts to make a series of mining investments. One person who has heard of his plans says Linsley - one of the founders of Cross Asset Management - is going to run Pembridge like a private equity firm, taking total control of the mining operations wherever it invests. AIM rules state that: "within six months of becoming an AIM Rule 15 cash shell, the AIM company must make an acquisition or acquisitions which constitutes a reverse takeover under rule 14. For the purposes of this rule only, becoming an investing company pursuant to rule 8 (including the associated raising of funds as specified in rule 8) will be treated as a reverse takeover.” Rule 8 states that: "where the applicant is an investing company, a condition of its admission is that it raises a minimum of £6 million in cash via an equity fundraising on, or immediately before, admission.” So, investors should expect an roadshow in the not too distant future...
Seemingly going to be an investment vehicle ,that's the crack on twitter
Worth of Sales again across 3 trades :(
I recommended a good share in the morning while waiting for a rise here. Check where it is now?
The 4 trades are 200K buys v 114 sell - this does take into account the delay factor. Taking averages, the SP is holding reasonably well +/- Things will change in time.
Corporate presentation available shortly. Site not far off completion now.