Member Info for ART123

So what happened to the cash they were meant to be raising at the fancy Mint Leaf curry house. Remember this: "Pembridge Resources, the AIM-listed company formerly known as China Africa Resources, is expected to launch its fundraising roadshaw tomorrow (2cnd May 2017) And little old Betaville understands David Linsley, the company's newish chief executive, has introduced a rather novel format for the roadshow. On Wednesday evening 25 select investors have been invited to the Mint Leaf curry house - http://www.mintleaflondon.com - in the Haymarket, Central London where they will spread out between 5 tables. As the punters eat, Linsley and his recently acquired team of mining seniors will join each table for 20 minutes to pitch the business plan and answer questions. Linsley, one of the founders of Cross Asset Management, has told Pembridge's broking advisors that "speed-dating" investors will be far more efficient than traditional road show presentations comprising a slide show in front of a large audience. The minimum needed to change the company's status to an investment company under Rule 8 is £6m but it's understood Pembridge has not set any upper limit on this equity fundraising. Sources said this could well be the only chance for investors to participate in a Pembridge Resources fundraising as after this transaction is completed Linsley doesn't plan to ever return to the equity market. Instead, he plans to grow using other financing techniques." And this: "Post on ADVFN by bigboots: Went to lasts nights dinner. They have raised already £6m, looking for £15m which could increase to £20m Lots of Institutional money backing this. They will easily raise the amounts above. City likes this story.... big investors backing it." Oh well, all a lot of baloney. £2.5 Million at 1.6p in the real world. Glad I'm out of this nightmare.

Me too - though I somehow got out without a loss if I remember rightly. Lindsey and co have managed to get rid of 2 quality assets and now are relisting on the Main Market with £2.5M cash and little else all raised at 1.6p. I thought companies had to be of a certain size to list on the LSE Main Market. They are just tiny. Also having recently witnessed the trouble that HNR went through as a Main Market listed share to raise cash - which needed a 352 Page Prospectus - with no cash or assets PERE may have been better staying on AIM. 1.6p on opening - a good kick in the teeth for the LTH's.

Not a hope in hell of NYO finding another NOMAD. It is just not possible as one of their functions is to help raise funds, as well as often being paid in shares for their services. Broker to go too. Suspension from 17th August and cancellation of listing one month later. There is no other possible outcome.

Fairly obvious what is going to happen here. Shareholders revolt and refuse the company any funding, NOMAD resigns, directors resign, everyone resigns, shares are suspended, no-one ever hears a word from or about the company (NYOTA Minerals) again. Another one bites the dust...................

contacts and shares - shame cos he's absolutely useless. Doing the same at KDR - he just seems to want his director's salary and nothing more. It doesn't look like he'll ever retire - he'll just stay in charge till he dies.....................

Just one question: Why not try and remove Prof Richard Conroy as well - after all the rest of the directors are just his puppets anyway and with him still at the helm what changes. Why not make a clean sweep of it.

I have 3 brokers none of which have been able to trade this so far.................

Totally disagree. CLON have been talking in Ghana for 9 years. They still don't have a prospect there. They may well continue talking to the Ghana Govt for another 9 years. Ghana is quite backwards regarding oil exploration and production with just one major field. The RNS today was just more nonsense. It is time for CLON to walk away from Ghana and to forget about the 9 frustrating years of talking and getting nowhere. Equitorial Guinea on the other hand is far more advanced and hold proper legitimate bidding rounds for prospects that exist. This is where the future lies for CLON. All just my opinion.

Yeah, funding required so they release some half-arsed RNS about Ghana. It's time for CLON to walk away from Ghana. They have wasted 9 years over absolutely nothing in Ghana and they still have not even got a prospect. It's time to tell the Ghana Govt to p*ss off. If funding is required at least get it for a real prospect and not over one they are still dreaming about.

Just come across this share today for the first time and the prospects in Guyana look very good. Tullow have a great success rate in Africa - Ghana, Uganda, Kenya - and they rarely open up a new prospect without finding oil so to be partnering with them here is fantastic. I don't hold out much hope for Namibia though as there have been numerous failed drills and the country is yet to come up with even one major discovery.

To be honest I had a 50% paper loss on this share which I had held for about 9 months since the Ghana talks last resurfaced and that has now turned into a 100% profit so I don't give a damn if they now dream that the Ghana licence(s) may now turn up too. It's time to tell Ghana to cough up NOW or for CLON to walk away NOW. This share has been dead for years over Ghana. To get shot of these prospects would be a good result. All just my opinion.

After 9 years of pratting about CLON are now in a position to tell Ghana to hand over the licence or CLON can walk away, which to be honest would be a good result here. Ghana is backwards compared to EG and besides will CLON ever have the resources to work 2 big prospects in 2 different countries.

tradehound Well done for spotting this a week or two ago. I had an average of 0.81p then but managed to average down to 0.41p with a whole lot more. Not sure about CHAL - seems to me they need to do an acquisition before any upside. Nice result so far here though.................

Keeps rising by 0.10p each time....................nearly 150 million shares traded so far..............581 million in issue and 16.91% not in public hands according to the website....................

100% up already. See how far it can go. Tiny m/cap. This is a very under-exposed share as it has been stuck in no prospect Ghana for years and years and years - probably about 10 years or more - and now it suddenly has a real prospect, in a better country, and in amongst some pretty big players which for a company the size of CLON means they should manage to attract a decent sized partner to fund the work.

0.50p paid...............and 50% up............much more to come I hope..............................

It's been so long since CLON have had any good news the management seem to have missed it - nevermind won't be long before they wake up..................

It won't be so hard for CLON to attract a farm-in/JV partner here with all these big companies involved - huge prospect and get it all paid for - no brainer at these prices.

This could push up hugely in the absence of an RNS..........and we know it will come eventually.........

Some big names there - Exxon, Ophir, Atlas - and as already stated Equitorial Guinea is a bigger oil/gas producing country than Ghana (as can be seen waste of time from the elongated negotiations in Ghana). Fresh start here. Big re-rate due.