Pembridge Resources Share Discussion Threads

[jamdan1] 29/9/2018 21:49

If this is such a dead duck why go to the trouble of preparing accounts Would it not have been simpler to not just say it's all over.... just wondering?

[escapetohome] 29/9/2018 17:18

Perhaps they crowed to quickly about the fantastic deal they pulled?

Seller had second thoughts perhaps about the ‘ amazing ‘ deal he was selling?

First rule of business - play a poker hand!

Do our highly experienced team perform?

[bazzerhino] 29/9/2018 17:04

Well well well. What a shambles. Betaville was bang on the money, lol

[soulsauce] 29/9/2018 12:29

Well someone must be bank rolling it as the £120k left at the end of June must be all but gone.

Does that give us confidence, I am not sure ad this whole thing has been a dogs breakfast.

[piefacefrank] 29/9/2018 12:25

Have the directors invested their own money into this deal? This should give some piece of mind that it will be successful.

[uknighted] 28/9/2018 11:47

“The Directors consider that adequate resources exist for the Company to continue in operational existence for the foreseeable future and that, therefore, it is appropriate to adopt the going concern basis in preparing the condensed interim financial statements for the period ended 30 June 2018.“

[jamdan1] 28/9/2018 10:38

I agree with the financial disclosures but don't think people think the initial tone of the rns sounds positive. Upon successful completion on the Minto project they intend to look at other projects. With the snippet from Betaville last week I wonder if there is still some hope?

[soulsauce] 28/9/2018 10:33

No as at the 30th of June they had £120k. I would suggest that is all but gone.

[bazzerhino] 28/9/2018 10:21

They have about £120k left. I think we are all screwed.

[bigboots] 28/9/2018 07:40

The deal has always been there, but they cannot get it funded, hence the radio silence

[soulsauce] 28/9/2018 07:24

So they haven't made late September Q3 either and funds are almost burnt through.
At least the deal must still be going through or they would have to say something.

[uknighted] 28/9/2018 07:22

No mention of returning from suspension, just this ominous statement under “going concern”:
The Company raises finance for its activities in discrete tranches. The Company has not generated revenues from operations. As such, the Company's ability to continue to adopt the going concern assumption will depend upon a number of matters including future successful capital raisings for necessary funding or loans from third parties.

[vivgav] 28/9/2018 07:15

RNS (interims)

[soulsauce] 24/9/2018 08:01

Betaville usually on the money. Thanks vivgav.

[jamdan1] 24/9/2018 07:48

Thanks Vivgav

[uknighted] 24/9/2018 07:46

Thanks Vivgav

Thursday, 20 September 2018, 3:25 pm
Loyal readers might recall Betaville has been following developments around Pembridge Resources, the London listed mining company, for several months.

Well, a reliable source has got in touch to inform me that some of the company's advisers have offered to invest their own personal money in the placing to raise $40 million for the acquisition of Minto Explorations, which owns a copper, gold and silver mine in Canada.

How regularly does that happen?.....

[vivgav] 24/9/2018 07:40

See Betaville

[encarter] 24/9/2018 07:38

Monday isn't over yet.

[jamdan1] 24/9/2018 07:13

Oh well...sorry

[soulsauce] 24/9/2018 07:13

Or maybe not.

[uknighted] 23/9/2018 15:30

I remember reading somewhere that the directors would not start drawing a salary/emoluments until the first deal had been completed.

[bazzerhino] 23/9/2018 10:31

Jamdan ,,, Because of the tweets?

[jamdan1] 23/9/2018 06:01

I've got a feeling news monday

[escapetohome] 20/9/2018 16:25

And you paid them to mug you!