Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
No, it’s a buy.
Its a rollover and you guys know it. Please don't mislead people.
You don't whack £32k in PERE on a whim. This is about to go boom.
Someone's in the know - possibly Gati buying? This really is a share that needs a lot of patience, but it will come good.
· Minto application to TSXV to list the shares with expected listing in Q4 2021
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.
Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board of Pembridge said:
"These interim financial statements set out the position of our Company at a time of slow recovery from the Covid 19 pandemic. Although in recovery, the economy and Minto's operations are still affected by the Covid 19 pandemic impact. This has resulted in additional costs being incurred in relation to protecting the Minto staff and ensuring that we comply with all Government regulations implemented to combat the pandemic. The recovery in the copper price has supported the Minto operations, which generated free cash flow from operations of USD$7,815,000. The preparation of the NI 43-101 Preliminary Economic Assessment Technical Report ("Technical Report") clearly showed the long term potential of the Minto mine. The issuance of the Technical Report and the current market conditions have provided the opportunity to list Minto on the TSX Venture Exchange as well as raise CAD 30.5 million. This capital raise has provided a solid foundation for Minto's continued growth by ensuring that Minto has sufficient working capital to meet all its financial obligations as well as fund an exploration programme that we believe will significantly increase the Minto resource base. Although we will no longer be controlling Minto and thus will not be consolidating Minto's financial results into our Company's, as a result of the convertible loan raised this year we have been able to maintain our interest in Minto at 11.1%. I look forward to realising further gains on our investment as the market recognises the true value of Minto and this being reflected in the market valuation of our Company."
Have you worked it out yet CaneToad aka FireAnt?
Owns 21% of the company. He's in balls deep.
Shareholders
https://www.marketscreener.com/quote/stock/PEMBRIDGE-RESOURCES-PLC-44965083/company/
A lot !
How much has gatti put into it
Super bullish confident. I always knew it. Why would Gati put so much of his own money into PERE if he didnt know Minto was going to go BIG. It was obvious this day was coming. Hold tight!!
Looking very strong for rerate now.
Couldn't agree more. Confident RNS.
Today is perhaps just the start (imo)