RE:LH10 Jun 2017 00:34
Imo it will be briefly suspended, I reckon it will be out of suspension early July. They have chosen to go for this listing on the back of the fundraise, I reckon they will have a few strong ii on board. On relist, we could see 10p very quick, the market cap is only 2 million, the heavyweights won't dillute the freehold by issuing stupid amount of shares, this was once 16p on weak news.. since then we have a team of highly experienced & successfull people, we about to announce how much money raised and assets news. They have a huge pipeline............................I reckon end of the year late 20s/Early 30s.............................
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
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