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Started: ripley94, 7 Jan 2024 18:31
Last post: ripley94, 7 Jan 2024 19:11
I think this share news company as got it wrong 0.2p maybe.
Even that shows AIM just a way to be swindled out of money .
Shares were suspended in London on Thursday at a price of 20 pence per share.
Canada again .
Alliance News
Thu, 18th May 2023 ( Might of missed it 18 days after accident )
Pembridge Resources to liquidate after suspension of mining by Minto
Pembridge Resources PLC on Thursday requested the suspension of its shares with immediate effect after reviewing its "ability to continue to trade as a going concern."
As a result, the mining company with investments in British Columbia, Canada has engaged insolvency advisers at Evelyn Partners to commence steps to place the firm into creditors' voluntary liquidation.
The company took the step after announcing on May 15 that it was unlikely to receive CAD2 million due from Minto Metals Corp, the company's main asset.
Pembridge also announced on that date the suspension of mining by Minto, in which it holds a 11% stake, and the suspension of Minto's trading on the TSXV.
Of the CAD2 million due, CAD250,000 was payable during 2023 and was deemed "critical" to the company's cash flow over the next 12 months.
A general meeting of the company will be convened as soon as practicable to formally resolve that the company be wound up voluntarily.
Shares were suspended in London on Thursday at a price of 20 pence per share.
Small broker rang ramping it 2017.
Mistake to invest in AIM.
22/8/2017 ..64500 x 1.55p = £999.75
17/7/2018. consolidation.
15/1/2020 nontradable switch.
Chat does not reflect consolation no idea if ever in profit .
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 .
( 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
got mine down to 25p average from 29.8p not too bad. hoping for a better start tho
Ripley
Their are a lot of people here who would be happy at being only 10% down ha
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.
Started: Ricardo2019, 18 May 2023 07:34
Last post: Ricardo2019, 18 May 2023 07:56
Unfortunately I was correct. Hope no-one listened to that muppet Barson.
> to engage insolvency advisers at Evelyn Partners LLP and to commence steps to place the Company into Creditors' Voluntary Liquidation. A General Meeting of the Company will be convened as soon as practicable to formally resolve that the Company be wound up voluntarily.
This will never return, plenty more penny stocks will follow the same path
Not surprised. This might be the end.
Started: scmdcyp, 17 May 2023 14:26
Last post: Ricardo2019, 17 May 2023 14:42
Looks like the idiot has been banned. Good work admin.
This share is no more than a total gamble. It's not an investment, and barely a traders share. It's more like putting your money on a nag.
The low liquidity may be a problem for anyone buying in and selling at the wrong time. Buyer beware.
I point out the obvious with a heavy heart as I had £2k in here. A small amount luckily that is probably worth about £100 now. It's not even worth my time to check. I doubt I'll be getting much back, ever.
Delayed buy at a guess
Good trade for someone made easy £500.00 from this morning.
Maybe a pump and dump share be careful guys
Started: Barson, 17 May 2023 13:36
Last post: Barson, 17 May 2023 14:19
Look at level 2
Bid is 5X stronger than the ask now
If it returns to market listing price you’ll get 10x your money from this market cap
You could be right!
Started: Barson, 16 May 2023 11:13
Last post: Ricardo2019, 16 May 2023 12:39
What asset? 90% of it is the mine stake, and the mine operator is screwed. PERE have already laid out the going concern risk in black and white. Anyone buying these is buying into a company that could be insolvent very shortly or, probably most likely, sold to a white knight for a bargain price - leaving us with a large loss or massive dilution at at the very least.
Trying to big this up as a bargain because the supposed asset value is higher market cap just makes you sound like a chancer and a fool.
Started: steve196, 15 May 2023 09:05
Last post: steve196, 15 May 2023 20:36
Oops, should have gone to Specsavers
What’s the deal with them trades Friday? That kinda match some and not all of the big trades today, did gati sell Friday or is he creating a taxable events to write off?
11-May-23 11:09:27 1.45 3,982,930 Unknown* 57.75k O
15-May-23 08:47:22 0.3357 3,982,930 Unknown* 13.37k O
11-May-23 11:09:08 1.45 2,807,929 Unknown* 40.71k O
15-May-23 09:11:37 0.338 2,957,929 Unknown* 9,998 O
11-May-23 11:09:32 1.45 6,790,859 Unknown* 98.47k O
15-May-23 13:29:13 0.18 8,744,242 Unknown* 15.74k O
15-May-23 09:11:06 0.35 3,697,879 Unknown* 12.94k UT
Its Minto shares that are suspended, not this.
What idiots suspending the shares after hours.
Could of done that this morning.
I wonder if we're get a huge trade, in the next few days, selling at 1.45p.
For insider dealings???
Another miner down around 99% for me.
There's always money to made raising money for mining, rather than mining itself.
Started: K3VMC, 15 May 2023 14:36
Last post: K3VMC, 15 May 2023 14:36
It was always a lifestyle company.
Gati used to brag about being the big executive, but he has never seemed that sharp to me. And self-serving.
Started: draft, 2 Dec 2022 21:28
Last post: mannnan, 15 May 2023 08:45
Look like finish game over
Pembridge Resources
@PembridgeRes
·
1h
?????????? ????????????
Solar panels are being used more and more and the technology is improving
A Portuguese company have created a floating solar farm that follows the sun
@PembridgeRes
are assessing investment opportunities in this sector
#PERE #Solar
https://buff.ly/3AGrXF8
Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board of Pembridge said:
"The ability to support Minto's financial position is of high importance to the success of our investment in Minto. The acquisition of Minto in June 2019 came with liabilities and obligations by Pembridge to Capstone and Zurich Insurance. I am pleased that we have reached agreement with Minto to receive full indemnity by Minto to Pembridge for all those obligations and liabilities and for Capstone's agreement to release and discharge of Pembridge of the obligations and liabilities of Pembridge towards Capstone arising from the SPA. To achieve this significant step in simplifying the potential liabilities of Pembridge has come at the cost of deferring a large part of our receivable from Minto. However, this enables us to continue more effectively seeking partnerships to grow our business and provides the fullest support to Minto that Pembridge is in a position to undertake. I trust that, with the additional financing that Minto has received and the support from Capstone with the deferral of the payment of the remaining purchase price, Minto will continue developing the mine and seek to generate the maximum value of the investment."
Last post: Mullins58, 28 Apr 2023 08:06
Then take away the $9mm debt, meaning the equity is worth zero at current levels.
Good luck.
That worked sell and volume has been in the pipeline for months.
Its finally been filled by the 11% copper discovery at Minto.
The price action a few days ago soaked up that worked sell (2% of the company) and the subsequent action showed the MM's had limited to no stock at this £1.5/2m market cap level.
The value of Minto currently is worth over £5m and that is with Minto pulling back from their IPO at over $2 to $1.2.
If you believe in Copper then Minto and Pere are totally undervalued with a squeeze potential in Pembridge..
They are overdue a payment of $500k and another $500k due in June and $1m in September.
This stock was trading between 5-8p when Copper was these levels and slightly higher. Also note the CEO owns 22% and bought 550k shares at 2.1p on market as well as 300,401 @ 3.7p July last year on market & £80,000 @ 5p.
1.88 mil at 1.47p is clearly the worked seller when people were piling in for size yesterday at 1.49-1.5p
2 x 1 mil buys or a rollover hard to tell but the price did spike up earlier ?
My average is a fair bit higher then the current SP. Hopefully the rise will continue. ATB
Started: Mullins58, 14 Apr 2023 09:42
Last post: Mullins58, 14 Apr 2023 09:42
https://www.wsj.com/articles/net-zero-will-mean-a-mining-boom-electric-cars-minerals-oil-fossil-fuels-climate-change-policy-cb8d5137
California made a stunning decision last year—that by 2035 all new cars sold in the state must have at least 2½ times as much copper as conventional cars today.
blue
Last post: panda1, 28 Feb 2023 12:42
The drill results just released were very good.
The Minto mine didn't flood Steve, so it's not like the Weatherly International situation where the open pit flooded.
Minto had to deal with record snowfall last winter and managed to cope with the resulting water very well when it melted.
It closed the mill for several weeks as a precautionary measure but continued mining. The mill was later run at a higher production rate than previously to make up for the closure. Minto therefore managed to meet production guidance last year as per the recent news release. The amount of snowfall encountered last year is a very rare event.
Flooded mine, remind me of weatherly international, that delisted years ago
I'm surprised it didn't nose dive.
Started: Mullins58, 21 Oct 2022 07:57
Last post: Mullins58, 12 Jan 2023 07:47
oh dear ,. the share price just keeps dropping here.
Started: K3VMC, 9 Nov 2022 14:42
Last post: Toadhall1, 30 Nov 2022 09:17
So of the $8.7mm, $5mm now matures Dec23 ie £4.2mm. Then there is $3mm of CLN maturing end May 2023 of which $2.5mm is external investors. Conversion price is 11.3cents which is 9.4p at current fx so they’re not going to convert. So that’s £2.1mm that needs to be found or refinanced in 6months time.
Meanwhile from the interims to end May, the CLN will accrue £0.5mm interest cost. The Gati loan will accrue another £0.7-0.8 roughly as I forget the exact principal.
So question is where is the cash coming from. The company is looking like it will be insolvent unless there’s a strong recovery in MNTO share price. Currently worth £5.4mm. All depends on copper price I guess.
But you’re missing the $8.7mm debt as at end June. £7.25mm. This would have to be repaid first.
I note the Gati loan was extended by a year and a little clause inserted in case you did manage to club together some revolting shareholders! :
3. Company's right to dispose of any of its assets is subject to lender's prior approva
This lot has managed to have OUR 11% stake in Minto, currently worth about £5.75m, valued at a mcap of £2m.
I bought back in today. Surely Gati can’t eff this up more than he has done already?
Four directors’ drawing a salary fro PERE and they haven’t even managed a dodgy land deal in Bulgaria. Apart from drawing salaries and expenses, what the blue blazes do they do all day?
I think we should requisition an egm to return a special dividend to shareholders and dissolve the company.
Any more revolting shareholders here?
Started: draft, 7 Nov 2022 07:22
Last post: draft, 7 Nov 2022 07:22
Last post: Mullins58, 13 Oct 2022 08:03
Started: draft, 22 Sep 2022 08:38
Last post: draft, 22 Sep 2022 08:38
Started: draft, 22 Sep 2022 08:36
Last post: draft, 22 Sep 2022 08:36
Bloomberg
@business
"It's going to get extreme."
The great copper squeeze is coming — and it will hit everything from computer chips to air conditioners.
Read The Big Take ??
Last post: Rower_1978, 17 Sep 2022 08:21
There’s life in this old girl yet! Holding for the big one.
Firstly 26K buy is massive. Wonder what's going on!!
Secondly SP did not rise to the required level? Are we missing something...