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Work is progressing on the necessary documentation to complete the Company's Re-admission, including the Prospectus.
Yes it is VERY frustrating but it does not mean the share price wil remain at 12.5p once floated. It is highly unlikely to go down, more likely up for a producing mine with the market cap of £12.5m after raising £5m. This assumes I am making the right calculation by adding max raised to existing but somone with more experience is free to correct me.
I worked it out at £7.5m mkt cap raising £4m @ 12.5p after DeL Boy had his brown envelope. Kick in the teeth especially after getting 16p away in the summer before the mine had even started. P**s poor!!
Well no great shock the humble LTHs never get any good news.
This seems like ground hog day..
No board over on II.
This sort of funding going on years ago when Beaufort or Cornhill rang me ramping it has there been a can not recall which one it was now ?
Has there been consolidation in recent years ?
China Africa one i see on ( D ) ... August 2017...Beaufort .. 1.55p... Feb 2018 10 for 1 = 15.5p
Not even on Aim ... this raise 12.5p
If i've understoond yur question, yes there has been a consolidiation 1 for 10.
Some of us bought in the China Africa days backing PJ who had done well for PIs in the past and paid around 2x the equivalent value to day, which is why yu see so much anger at a placing at 12.5p. We would have been repaid for our patience at 25p and rewarded at 50p as was indicated in the past.
RNS June 21st extract
Key Highlights
· Pembridge is targeting a raise of approximately US$40 million by way of the Proposed Placing;
· Indicative price of placing at 50p per ordinary share after 10:1 consolidation;
· Proceeds of the Proposed Placing to be used for the acquisition of Minto, per the Share Purchase Agreement executed with Capstone on 14 February 2018, as well as fund future work at the mine to extend its life, increase productivity and improve profitability;
I have not got a clue how i am doing with this one.
Just seen i posted on 25th Nov .. if i did buy at 1.55p by BEP might be 15.5p today's 1000% rise to .. 13.75p to 14.5p .
Maybe just around 10% down and two years 4 months.
Ripley
Their are a lot of people here who would be happy at being only 10% down ha
got mine down to 25p average from 29.8p not too bad. hoping for a better start tho
( D ) seems to show i am well in profit here , more like i am even. ( price 15.5p to 16p )
Warrants expired December 2119 worthless @ 32p
Found this thread 17/1/2020 .
Might of been even .
Date shows top of a spike might have been a return to trading , declined fast after .
Might of saved half of loss May 2021 at 7p another spike up to 6p November 2021 decline to nothing after that .