Member Info for Rower_1978

Correct Mullins, that is my understanding. Director buy on Friday oozes confidence, just wish PERE were better at PR and get this out there! Ridiculously cheap SP.

Mullins58 - shrewd. :)

*below its fair value.

*below its fair value

Currently trading 82.4% of its 'fair value'. Significant upside from here. https://simplywall.st/stocks/gb/materials/lse-pere/pembridge-resources-shares

Damn right he did Panda1. Onwards and upwards for PERE!

Mmm interesting. Whats your take on it Azamondo?

Bought back in yet? ;)

Director/PDMR Shareholding

London, United Kingdom - Pembridge Resources plc (LSE: PERE) ("Pembridge" or the "Company") announces an increase in the shareholding of its Chairman and CEO, Gati Al-Jebouri, who is one of the Company's major shareholders.

The Company has been advised that Mr Gati Al-Jebouri has acquired an additional 281,363 Pembridge shares at an average price of 6.03p per share between 29 June and 1 July 2021. As a result Mr Al-Jebouri's holding has increased from 20.71% to 21.02% of the issued share capital of the Company.

Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board of Pembridge said:

"I am pleased to have further increased my holding in the Company. I continue to see a substantial disconnect between the current share price and the underlying value of our assets, even more so given the anticipated restructuring of Minto and expected near-term listing on the TSXV in Canada. I believe the outlook for both the copper price and Pembridge is very positive and will continue to support as opportunities arise."

6.15p paid. Slowly, slowly catch the monkey...

Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board of Pembridge said:

"My fellow directors and I appreciate the support of the Company's shareholders. 2020 was a difficult year in which a lot of positive progress was made and we look forward to continuing to manage our investment in Minto Explorations and increasing the value of our Company."

is ridiculously cheap. Loading up at these levels. Target is 13p short term. GLA.

Well done whoever purchased £10k of PERE @ 0905hrs. These will be worth a hell of a lot more very soon!

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@FireAnt - I think the point here was that you were bullish right up to the RNS. Therefore why sell before this was released? Anyway, people sell for all sorts of reasons, in some cases nothing because of whats happening with a certain share. Good luck!

Lets get this board alive again! What is the general consensus of the RNS here? I thought it was very positive so was surprised by Fire Ants reaction. Happy to hold long and strong here!

My thoughts are Fire Ant is telling porkies. Like you say, he was bullish until the RNS, so why would he sell before then? And even if he had volumes have been relatively small. Besides that if the silent buyer in the background is true, then surely this is massively positive - ie someone knows more than us mere PI's, so why would you sell now? Simply a transfer of wealth from the impatient to the patient as the famous quote goes. Its a strong buy for me at these cheap levels. Looking for 15p minimum in the relatively short term here.

Not too many if he's offloaded everything today!

I would simply say Gati has invested a huge amount of his own cash in PERE. Unless he’s a complete numpty, then I would suggest he expects the SP to rise significantly, ie "I strongly believe having 100% of the Minto mine listed on a public exchange should help remove the current disconnect between the Pembridge share price and the materially higher underlying value of Minto."

More than happy to hold here. https://www.proactiveinvestors.co.uk/companies/news/907765/pembridge-resources-plc-continues-to-build-track-record-of-copper-production-907765.html