Pembridge Resources Share Discussion Threads

[bean02] 16/6/2021 13:17

Sold these in the 11s just last month. Have reloaded recently and reckon we go again...

[bean02] 16/6/2021 13:02

Nowt available:)

[11_percent] 03/6/2021 08:37

The problem as I see it is........they can not do much with $2 million.

[dave4545] 02/6/2021 21:08

Couple of 100k buys today, does not take much to move the mm's

I still think this will have a decent run again soon, especially when they announce what they are doing with the cash so long as it's something exciting.

[11_percent] 02/6/2021 16:56

London, United Kingdom - Pembridge Resources plc (LSE: PERE) ("Pembridge" or the "Company") is pleased to announce that it intends to issue convertible loan notes to a value of up to USD 2 million.

To fund potential future investment opportunities,......

=====

Ok, will give them the denefit of the doubt.....for now.

But I want to see them do something usefull with the cash.

[soulsauce] 27/5/2021 10:26

It floated up with the copper price, not unexpected, and then was pumped recently.

[dave4545] 27/5/2021 10:15

Look it another way, it was sub 3p last year and this year it hit 12p

So those with lucky or good timing trebled their money or more in a year.

Cannot be that bad a stock

[soulsauce] 27/5/2021 10:01

King I was in from the early days when Paul Johnson still ran it and was doing a good job. Linsley and crew took over and promised all sorts but could not deliver other than a very lengthy suspension and deeply discounted placings which ended up in only a part project of Minto.
Enter Gati with a new broom sweeps clean mentality but put money in which hurt shareholders again while deciding to take the same extortionate wage as Linsley had been paying himself. He loaned money to the company at big ticket interest.
In the meantime, not long after doing a piece to camera extolling the benefits of Minto and how well PERE were performing, the bombshell dropped of losing a further two thirds of the 33% holding in Minto.
And here you are today with more news which will probably ultimately benefit the mgt greatly but shareholders not so much, if at all.
The history tells a tale. Does it make a good investment, very doubtful. Thankfully I am not in it anymore.

[dave4545] 27/5/2021 09:52

If management had 0-1% of the company then yes but they hold so many then it's in their interests to deliver.

New drilling program and now this funds for something new yet to be announced.

Worth holding especially as it's almost half the price of the recent spike high

[king suarez] 27/5/2021 09:48

Ok, dave4545, understood.

I don't know what to make of things now to be honest. This looked such a promising, undervalued prospect, but it is hard to have faith that management will reward shareholders with antics like this.

What does everyone think? Wait to see what transpires, or otherwise?

[dave4545] 27/5/2021 09:33

King

I was referring to one years interest. Better than a heavily discounted placing instead.

[dave4545] 27/5/2021 09:32

Great start

However I cannot even buy £100's worth at 6.75p so it should recover a little later unless there is a further sell off

[soulsauce] 27/5/2021 09:24

Minto won't be providing a return until next year, Gati has said that.

Greedy, opportunistic mgt - so what's new here?

Gati has already got loans set up at extortionate interest rates.

This company has rolled shareholders over from the start, since the day Paul Johnson was replaced.
At least 'it looks like' they are trying to find new assets. This was stated when the company went down to 11% of Minto and so much time has past that most of the good projects, especially in the copper space, have gone and those that haven't will be a whole lot more expensive now.

[king suarez] 27/5/2021 09:16

It is $2m, not £200k. Effectively 25m additional shares in issue if all converted, which is a c28% dilution on the current 89m shares in issue.

Greedy, opportunistic management imo and wholly unnecessary as Minto should be kicking out cash flow to fund PERE 'aspirations'. Not impressed.

[uknighted] 27/5/2021 07:30

Planned Convertible Loan Note Issue

London, United Kingdom - Pembridge Resources plc (LSE: PERE) ("Pembridge" or the "Company") is pleased to announce that it intends to issue convertible loan notes to a value of up to USD 2 million.

To fund potential future investment opportunities, the Company intends to issue up to 200 convertible loan notes of USD 10,000, with an interest rate of 14%, redeemable after two years. The loan notes may be converted into Ordinary Shares in the Company at any time from 1 June 2022 until 31 May 2023 at an exercise price of $0.113 (8p at an exchange rate of £1 - $1.415). The Company is marketing the loan notes to certain existing shareholders and other institutional and high net-worth investors and has received commitment for a large proportion of them. The loan notes will not be offered to the public generally.

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

"Funding from these convertible loan notes will enable Pembridge to take advantage of opportunities that we anticipate to become available to Pembridge in the near term. I am pleased with the initial interest expressed by potential investors, which shows the support and belief in the intrinsic value of Pembridge."

[dave4545] 27/5/2021 07:16

If all were converted it's only £200k so why worry when a small amount.

It's the price they convert at that matters and that's 8p, I'm glad it's not some stupid low ball price and above the current price, 10p+ would have been nice but it tells you they expect the price to trade much higher in the future.

[dave4545] 25/5/2021 16:39

89 mil

So around 2.2% of the company changing hands there.

[dave4545] 25/5/2021 16:23

oof 2 million trade at 7p, wonder if another will show later.

I'd not be concerned it's below the bid, if somebody was actually selling 2 mil with a mm in this market they would be lucky to get 6p so more likely to be a cross trade

[dave4545] 25/5/2021 09:54

The mm's know how to make money, they sit there yesterday and sell stock at 7.62p and do not move

And then today somebody sells 100k at 7p when 7.25-7.75p so a nice £620 profit for one mm

[mick1909] 25/5/2021 08:47

If you want to diversity your portfolio have a look at TEK they have a mcap approx £20 mil and have 4 Company's 1 of them will float on aim friday for approx £50 mil mcap which TEK own 15% the other 3 companies have huge potential

[mick1909] 25/5/2021 08:45

Rainbow chasers without doing any research

[dave4545] 25/5/2021 08:31

Yep well I knew 36jay was a pump and dump merchant, probably the same person as saw89
judging by their posting history.

I bought back and I will hold, good value. If they can fund a drilling program from cash generated then they are doing very well indeed.

As normal most people will not buy until the share price spikes, what a stupid market full of stupid greedy people who only buy stocks when they are spiking like Hur yesterday and they all lost half their money today.

[soulsauce] 24/5/2021 10:16

It was a pump and dump that is why several posters at the time have not posted since.

[dave4545] 24/5/2021 10:14

I really do not get penny shares these days.

So on the 12th on that news it gets chased to 12p high

And now they are drilling to expand the resource that on the 12th they demonstrate how much it can already make and the price has not even got past 8p.

Of course if the mm's spiked it to 12p again everybody tries to buy it but when they are dead nobody is interested.