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Reckon 10p on funding and first asset news ... could well be more than 21p by year end ...
If anyone is looking for a similar set up to PERE, have a look at UPL. Board holds 38% - all have quality experience and directors wife has been buying huge chunks PERE is my baby and will be holding long term, looking to top up end of May if it hasn't re rated by then !!
It's still a bargain, contract win is huge
Might have a pop at it..,
Paid for a little volume. Market waking up to the huge upside
Will be a very good day
I expect a strong volume day tomorrow, mms nicely took it up today on small volume. The fundraise is until tomorrow and we should have the outcome on an RNS Monday if all well
Looks like MMS moving ask on trades.. good things coming..
Going up a tad.. really exciting to see the outcome of the fundraiser
Fundraise 2nd May - 12th may (last day tomorrow) then be strapped in for news flow, it's going to be huge !!
junior mining company on Aim is inviting investors to join it as it looks to snap up cash-starved assets around the world at knockdown prices. Pembridge Resources, which changed its name from China Africa Resources in March, is hoping to raise a minimum of £6m and anywhere up to £20m to spend on a string of mines primarily in base and precious metals. David Linsley, chief executive, said the timing “couldn’t possibly be better” for the company to attract investors, as “projects have been starved of capital for a few years”. “We can get in at very compelling prices,” he added. Pembridge will look to take majority stakes in assets or form joint ventures with mines’ current owners, but with the stipulation that it imposes its own management teams to run the operations better. “We’re looking at assets we’ve sourced and where we feel we can add value,” said Mr Linsley, who has assembled a team of industry veterans with experience at companies such as Stillwater Mining, Vedanta Resources, Asarco and Fortescue. The management team, which will be participating in the fund raise, hopes to use its experience to overhaul projects that are “not on the radar”. Mr Linsley said two gold projects were top of its list, while the company would prioritise “friendly jurisdictions”, such as North and South America, Europe, and sub-Saharan Africa. Pembridge, which is currently a cash shell on London’s junior market, is hoping to raise enough funds to become a ‘Rule 8 Investing Company’, allowing it operate a private equity-style model but with enough liquidity for investors to trade in and out. Alternatively, it may use the purchase of an asset to perform a reverse takeover into its existing shell. The response to the company’s two-week roadshow, which began last week, had been “very positive”, Mr Linsley said. “We’re offering something different, but it’s not crazy different.”
* Transition from cash shell to AIM Rule 8 investment company, including a significant capital raise2 * ✓ Construct a portfolio of production and development stage projects diversified by commodity * ✓ Generate near term cashflow to re-invest and pay dividends * ✓ Board and Management team investing and incentivised to create shareholder value
A little volume and we may see 3.25-3.50p
Anyone getting in early should see a decent day. Another day closer to news
Last 3 trades look like buys, could see a strong opening. News is travelling, the exposure past few days has been amazing. Expecting another decent rise tomorrow as we may get funding news this week
Now on the PERE website http://www.pembridgeresources.com/component/rsfiles/download-file/files?path=Media%2FPembridge+Resources+Article+-+08.05.17+Telegraph.pdf
What's happening next week, your not ramping are you :-)
junior mining company on Aim is inviting investors to join it as it looks to snap up cash-starved assets around the world at knockdown prices. Pembridge Resources, which changed its name from China Africa Resources in March, is hoping to raise a minimum of £6m and anywhere up to £20m to spend on a string of mines primarily in base and precious metals. David Linsley, chief executive, said the timing “couldn’t possibly be better” for the company to attract investors, as “projects have been starved of capital for a few years”. “We can get in at very compelling prices,” he added. Pembridge will look to take majority stakes in assets or form joint ventures with mines’ current owners, but with the stipulation that it imposes its own management teams to run the operations better. “We’re looking at assets we’ve sourced and where we feel we can add value,” said Mr Linsley, who has assembled a team of industry veterans with experience at companies such as Stillwater Mining, Vedanta Resources, Asarco and Fortescue. The management team, which will be participating in the fund raise, hopes to use its experience to overhaul projects that are “not on the radar”. Mr Linsley said two gold projects were top of its list, while the company would prioritise “friendly jurisdictions”, such as North and South America, Europe, and sub-Saharan Africa. Pembridge, which is currently a cash shell on London’s junior market, is hoping to raise enough funds to become a ‘Rule 8 Investing Company’, allowing it operate a private equity-style model but with enough liquidity for investors to trade in and out. Alternatively, it may use the purchase of an asset to perform a reverse takeover into its existing shell. The response to the company’s two-week roadshow, which began last week, had been “very positive”, Mr Linsley said. “We’re offering something different, but it’s not crazy different.”
DL says that once the fundraiser is complete- First project should be completed imminent. Imo the placing would be at a premium. They have big plans Expecting another blue day tomorrow Exciting times