Pembridge Resources Share Discussion Threads

[soulsauce] 06/4/2020 07:41

No dixi. The US investors owned the other 66%, we only owned 33% from the agreement at the start.

You could say we have been misled with what we have paid in to escrow and them wanting more but it's clear we have been wheedling our way out of Minto from previous Rns's.
Now the bad times have come we are wanting out of it more, even though in his last interview Gati was making light of coronavirus.

So we are left with a measly 11% of Minto and nothing else.
More excellent work from this band of so called experts in their field.

[susiebe] 06/4/2020 07:21

Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board said:"The current unprecedented market conditions have led to this development. The agreement we have reached with the US Investors will result not only in Pembridge removing potentially crippling financial liabilities, but also ensure that Minto is now in a much stronger financial position to continue with the development.Pembridge will retain an 11% interest in Minto and has now removed the direct liabilities, which potentially stood somewhere between US$6.4 million and US$22.1 million. In addition, Pembridge can reasonably expect the repayment of its loan to Minto, arising from previous contributions of CAD$4 million into the Control Account, in 2022.As the largest shareholder in Pembridge, having personally invested over GBP4M in the Company since October 2019, I am pleased that the Board of Directors of Pembridge have taken these steps to ensure our company will have the best chances of continuing to operate and develop the Minto opportunity. I remain focused on ensuring Pembridge becomes a success and look forward to updating shareholders in what hopefully proves more advantageous times."

[dixi] 06/4/2020 07:15

Does this mornings news effectively suggest the board here have been 'had'? And just who are the US investors? I don't hold, but have been following since WTI days.

[soulsauce] 02/4/2020 17:03

Yes it's not pretty is it bazz. Let's hope for good news from the explo.

[bazzerhino] 02/4/2020 16:58

I really hope the share price rockets after first quarter operations update.
3m market cap ffs

[ged5] 26/3/2020 14:41

Re: RNS Taking sensible precautions in my mind. This might take a bit longer to get where we all want it to be.

[rakepat37] 26/3/2020 14:33

Time to buy gold in anyway you can as we are heading into recession and gold has always been the go to commodity when going into recession

[bazzerhino] 23/3/2020 10:14

Down again. Give em a chance to release some results? Lol

[soulsauce] 19/3/2020 17:17

Lol. Well spotted.

[uknighted] 19/3/2020 17:14

It declares 2267791 and then that becomes 2267971!

[ged5] 19/3/2020 16:58

Agree Uknighted.

That's my reading of it as well, Soulsauce

2 437 806 awarded on 8th November 2019 and issued on or after the readmission. I'm not sure how many (if any) shares he had before the consolidation.



Today's announcement he declares 2 267 791 shares down by 160015. So down from at least 3.53% to 3.3%.

Stay safe.

[soulsauce] 19/3/2020 16:33

How do you figure susiebe? He was granted circa 2,427,000 for failure in his settlement when booted out and now has circa 2,247,000.

Looks like he has chopped 200k to me.

However I think it is just a long delayed holding statement for his pay off.

[uknighted] 19/3/2020 16:32

Yes, shame they can’t complete a TR1 properly!

[susiebe] 19/3/2020 16:17

Good to see David Linsley buying some shares here,hasnt stopped the slide though!

[soulsauce] 13/3/2020 15:16

Lol indeed Ged but given how my team has been performing it ain't a bad thing 🙄

[ged5] 13/3/2020 13:40

I think we all need some good news. No football, how can we survive?

[soulsauce] 13/3/2020 13:38

Thanks Ged.

[ged5] 13/3/2020 13:34

Looks like a company in good shape says Alastair Ford, Mining Capital

[backtogo] 12/3/2020 19:36

another one of money sponge ramps.FCA to his Youtube LOL

[bazzerhino] 09/3/2020 19:51

King... Been waiting 3 years if I remember correctly.. Ffs

[soulsauce] 09/3/2020 19:27

Be nice to get some exploration news, might steady the ship a bit.

[king suarez] 09/3/2020 19:24

At least wait for some production/financial numbers before writing it off as a 'bag of sh1t'! It has just been sold down (along with everything else) due to market turmoil ffs..

[bazzerhino] 09/3/2020 18:04

What a bag of sh## this has turned out to be