Re:In or out13 Jun 2017 00:41
No brainer imo this is easy money short, medium and long term. Something for everyone .....................................
* What we plan to do
* Transition from AIM-listed cash shell to LSE Standard listed mining company, including a significant capital raise
* 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
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How much it will raise remains to be seen, but Linsley isn't too worried about the exact amount.
If, say, the company were to raise US$2 mln, then there is an open pit gold mine that looks like it could support a deal.
"If we raise between US$10 mln and US$20 mln that will give us over US$100 mln to play with because of the debt we can put around these assets. In the long run it's not about how much cash we can raise now, it's about the quality of our projects and our value add. That will determine the quality of our paper."
So what will the company look like in a couple of years' time?
It all depends on the deals, of course. But Linsley has a clear enough idea.
"The ideal would be to be diversified by commodity," he says. "It's all about risk and trying to de-risk these things.
I'd have producing assets and near-producing assets so that I'd have a fairly constant flow of news."
By then, it's conceivable that Pembridge will be spinning out some of its projects into new listings of their own. "But," says Linsley, "fine words butter no parsnips."
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Project pipeline snapshot
Pembridge’s pipeline of potential project investments consists of reserves and resources of 5Moz gold, 40Moz silver, 2Blbs copper, 2Blbs zinc, 0.5Blbs lead, and 4Moz PGMs
http://www.pembridgeresources.com/component/rsfiles/download-file/files?path=Presentations%2FPembridge+Resources+Presentation.pdf
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