They will not continue with the current Pembridge - They will start a new co listed on the LSE and PERE will not exist by the 30th June, suspended and will probably not return unless someone else reverses in to them
That is my take on it..
This company reminds me of early stage Monitise, sky's the limit, backed by the Government, soared to £1.20 then crashed when people realized that they cant monetize the product and it became a crowded market - Flanx - Monitise in the making... Will soar then crash....
They didnt need the money. When someone comes to you to buy a stake in the company at a slight discount to the market, you take it. Good to have cash for acquisitions ..... great call by the BOD
Few Rare Earth Companies Listed....26 Apr 2017 13:36
What you need to remember here is that there are very companies list currently mining rare earth - This is the sector that everyone wants to be in, hence why this will sizzle....