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He's balls deep. I wouldnt be surprised to see another Director buy RNS shortly....
Do you know how many Gati has now? From memory it's c20% so deep holdings from the man in charge.
The bod has loads of industry known members so I'm the same, can't wait to see what's next.
It would be nice, I think most agree that the value in PERE is low when you break it down.
I can see a few have commented about the next steps for Pembridge following the Minto listing and this (imho) will be the trend setter. 30p would be amazing, but I'm sure everyone would be happy at any type of double digit and for it to hold and grow.
Either way we will know shortly as the raise is due at the end of July.
CEO buying is always wonderful to see, he's gambled on copper, so let's see where we go following Minto.
Hope you are all keeping cool in this ridiculous British weather!
Sleeping giant - this could hit 30p once Minto lists in Canada next month
Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board of Pembridge said:
"I am pleased to have further increased my holding in the Company. I continue to see a substantial disconnect between the current share price and the underlying value of our assets, even more so given the anticipated restructuring of Minto and expected near-term listing on the TSXV in Canada. I believe the outlook for both the copper price and Pembridge is very positive and will continue to support as opportunities arise."
Slowly slowly catch the monkey. This is going BIG.
Hi fire ant,
I’ve got a decent chunk of these by my standards, my view is that at present this is simply a better ratio/value way of getting minto exposure. Simple view based on simple maths from me but the ceo is putting his money where his mouth is.
Nobody likes these convertibles but they don’t look like an issue unless 14% above strike price and even then not worth converting like for like.
Been reading your posts with interest and I do agree if you don’t understand something you shouldn’t be invested in it but isn’t there more bang for buying buying this at current level?
"Second quarter production at Minto has exceeded Q1 2021 performance, previously its best to date, by a considerable margin in terms of both production output and cash receipts. We are pleased to see this acceleration in production, which makes us increasingly confident for the rest of the year."
75,000 trade this morning showing as a sell was a BUY at 6.505.
Just noticed these from yesterday. Gati buying again? Or FireAnt? ;-)
I would prefer a gradual rerate after Minto lists. Why would I choose Pere over Minto? Access to tsx vs LSE? Discounted due to obscurity/shot sentiment vs Minto? And lastly the prospect of a rabbit in the hat? Another acquisition? Gati has spades of business experience, where he’s faltered is the salesmanship. Covid delayed our aspirations, I doubt it’s smashed them. The team behind Pere may have already lined something up who knows? When the cash flow is more transparent, and assuming Cu Au stay here, the asset will do its own marketing. All conjecture but certainly the wrong time to dump if one still holds imho.
Two pence well spent Lottohopes. I 100% agree. Gati obviously knows more than us mere PI's. Director buy RNS last week is clearly confidence in PERE - he's not stupid. FireAnt, thanks for your detailed post, but IMO I think you're well off the mark. Time to buy back in again for you?! :-)
Pere was designed to be an acquisition vehicle. If the value of Minto appreciates, then by extension Pere will appreciate. Gati and others hold a significant chunk. 48% out of circulation at last count. The liabilities to Capstone etc are due to be paid. Ditto liabilities payment to Pere by Minto which should pay off most of the loan. Mine life is likely to get extended further. We are likely to find new mineralisation in step out drilling. There are explorers with 2-3 holes in the ground and Mcap of 10/15/20m. We have an integrated explorer developer and producer here, valued at less than 50m. This is on target to produce 20MT Cu and significant gold/silver. They renegotiated the gold stream for 12 months last year, no reason they cannot achieve the same going forwards. No doubt this has been arduous journey for LTH, but I’m happy to hold given Au and Cu prices. Sumitomo wouldn’t bother partnering with a minion unless there were bigger plans ahead. Just my two pence.
FireAnt - specifically deleting your previous comments is a very strange thing to do, no matter what your reason.
6.72p paid. Slowly climbing....
Rower, Cheers. I will be adding more when finances allow. ATB
Correct Mullins, that is my understanding. Director buy on Friday oozes confidence, just wish PERE were better at PR and get this out there! Ridiculously cheap SP.
Rower, am I right in thinking that after the RTO , Pembridge will have an economic interest of approximately £10 - £11 million in the newco ? ATB
Mullins58 - shrewd. :)
*below its fair value.
*below its fair value