The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen 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.
draft
“ in the interview he said he would invest in some green cleantech soon, thats what i read it as”
Absolutely. That’s what he said.
I did the original IPO to mine something, which turned out to be copper at Minto. Great! I was very happy with Minto. I remain happy with Minto. In fact, if there was enough liquidity, I would probably sell and buy Minto. I’m happy with progress there and can wait dir dividends.
I’m not particularly happy with Gati buying a field in his native Bulgaria and wandering into solar panels, even if he had the resources to do it. Minto dividends are maybe two years out from here?
I suppose he could do one of his special loans again? Maybe 12% with his notorious arrangement fee on top of that?
Great interview, nothing but positive from Gati. PERE will find its true value soon.
in the interview he said he would invest in some green cleantech soon, thats what i read it as
Hot area, for sure, but PERE has no income. No cash. Just an illiquid asset and a “promise” of dividends at some point in the future, as decided by MINTO.
Not even jam tomorrow. Just tomorrow.
Pembridge Resources #PERE announces a new focus on the decarbonisation of renewables market
this is a HOT area - renewables and CLEANTECH and DEcarbonisation. could easily see bags here with the RIGHT rns like when MACS solar farm got approval back in the day it 10 bagged
also Bill Gates is fully pushing for GREEN CLEANTECH now
Yeah, saw it, LTH who will believe it when I see it.... I mean something tangible, share price has hardly rocketed lol
$10.9m where's my share haha, only haven't sold because no-one wants them.
Dear Shareholders, we caught up with Gati Al-Jebouri in Dubai after the release of this morning's announcement and asked him to put the company strategy in context for us. He gave us an update on the latest with the Minto mine, and confirmed that the new sector Pembridge will target when looking for a share stake to buy is the decarbonisation of renewables such as solar parks. Please view here: https://youtu.be/EZl7fCp99Rw
Yes it's $4.1m in USD. That figure includes additional items above and beyond the surety bond - it's the full list of receivables due from Minto.
USD$4.1m = C$4m surety + interest on that + USD$0.4m other receivables (I guess management fees) from Minto
"The unaudited receivable from Minto includes C$4 million arising from funding by Pembridge of Minto Surety Account, plus accrued interest on this receivable, which are to be repaid on a quarterly basis during 2022. Included are also other receivable amounts of $0.4 million."
I thought the 4.1mm receivable was in CAD $? Preso seems to suggest USD?
Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board of Pembridge said:
"This is an exciting time for Pembridge. Having achieved what, we set out to do with our investment in Minto Metals Corp. we are now in a position to consider the future of growing Pembridge itself. Our single asset portfolio is a very strong basis for growing Pembridge by identifying and investing in new investments that will add value to our company.
In the Strategy Presentation that we have released today, we have set out the nature of projects that we are looking to invest in, and what we would look for in such projects in the copper mining, gold mining, oil and gas and renewable energy sectors. I look forward to updating the market as soon as we identify a project that meets our investment criteria."
[The strategy presentation is available through the attached link and on the Company's website]
www.pembridgeresources.com
http://www.rns-pdf.londonstockexchange.com/rns/5591Y_1-2022-1-16.pdf
https://www.londonstockexchange.com/news-article/PERE/strategy-update/15289217
https://www.mining.com/copper-price-surges-toward-10000-as-bulls-bet-on-china-growth/
Daily volume for MNTO is now about 1,000 shares, which is about ~£1,600. Market cap of Minto has fallen about 15%.
In terms of liquidity, Minto has become even less liquid than it was with PERE.
We'll get there in the end - just need lots and lots of patience with PERE.
ADV = 1,800 shares/day (calculated from the first 3w of trading).
That amounts to ~$5k CAD per day, i.e. just £2,800/day...
I'm still deciding whether or not to invest in MNTO, but having it only on the Venture Exchange means that it's quite difficult. Hopefully more punters will arrive once they start producing stellar revenue.
Looking to buy back in once strategy set out now Minto completed, but not tempted given today's news....Another vanity project with PERE , like AAU, trying to convince us pi's it can reinvent itself as a specialist fund manager, but with none of the checks and balances , to say nowt of corporate governance, you'd expect from a professional set up. Why the fund raise/ bucket shop dilution at such a discount to the sp only a month ago? Nice timing for Gati and presumably his mates, no doubt forward sold in last few weeks knowing they'd be picking them up at windfall 5p prices..... Afraid this stinks.
Can't really comprehend what's going on here. Every RNS is good but the sp is spiralling down!!!
Gati Al-Jebouri, putting a bit more of our hard earned into his back pocket, hoovering up at 5p. His strategy is certainly paying off for some, well someONE.
PERE is considering increasing its portfolio of projects over the next several years via investment in opportunities that offer attractive returns and can be brought into cashflow in the near term
New projects are to be considered in copper mining, gold mining, oil and gas and renewable energy sectors, at varying stages of development. The Company has already commenced this process with several projects under review
Cashflow of C$4 million from Minto is to be received over 4 equal quarterly payments during 2022. This is repayment of the surety bond financing provided by Pembridge at time of acquisition of Minto. In addition, when Minto decides to pay dividends to its shareholders from the free cashflow generated from operations, Pembridge will be receiving 11.2% of such dividend payments
Minto cashflow will be used to support raising finance for new projects to be included in
the Pembridge portfolio
Accordingly, the Company has begun to identify new projects that can deliver further value to its shareholders. Also, the Company expects to receive C$4,000,000 from Minto during 2022, with first payment of C$1,000,000 at or around the end of Q1 2022, being the repayment of historic advances by Pembridge into the surety account.
Further cashflows are expected into the Company in due course as dividends based on its 11.2% economic interest in Minto. Pembridge's proportional share of the overall project cashflows from the current mine life at Minto, based on its shareholding, are expected to be US$18M to US$30.2M (assuming copper price range of US$3.10 to US$3.75 per tonne). Combined, these cashflows are expected to provide significant funding to advance any additional projects brought into the Pembridge portfolio.
The latest presentation is available on the Company's website at https://www.pembridgeresources.com/
Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board of Pembridge said:
"This is an exciting time for Pembridge. Having achieved what we set out to do with our investment in Minto Metals Corp. we are now in a position to consider the future of Pembridge itself. Our single asset portfolio is a very strong basis for growing Pembridge and the time has come to identify and negotiate new investments.
In the Investor Presentation that we have released today, we clearly set out the potential that our investment in Minto Metals gives us and our intention to seek opportunities in the copper mining, gold mining, oil and gas and renewable energy sectors. I look forward to updating the market on progress of all our discussions and in particular as soon as we identify a project that meets our investment criteria."