Pembridge Resources Share Discussion Threads

[trader465] 24/11/2021 15:00

Watch the drop tomorrow

[dave4545] 24/11/2021 14:18

tops has not pumped pere today I have been told

Currently 8.01-8.325p having touched 9.1-9.25p high

Still a lot better than 6.5p bid earlier

Unless there's another surge it might come down to the price action on the Minto float and if the valuation holds up or even improves then the price has a lot to catch up
but on the Asx it really is volatile, some stocks float and have zero volume and drift back.

[farrugia] 24/11/2021 14:08

tops handle is?

the volume is not superficial

[tomboyb] 24/11/2021 12:10

Taking its rightful place today -

[farrugia] 24/11/2021 11:33

haha starting to get attention - the 27% jump will put it on people's radar now. I'm definitely not selling. Minto could list and move up further...

[tomboyb] 24/11/2021 11:31

looking better -

[mick1909] 24/11/2021 11:14

See what MNTO trades at monday to guage what PERE is ultimately worth then could see any rises in MNTO correlate to PERE

[mick1909] 24/11/2021 11:11

Only 89 mil shares in circulation does anybody know how many are free floating?

[dave4545] 24/11/2021 10:27

Seller is out

25k max 7.4p

100k sales for months even today they were blasting them out, had to run out eventually

[tomboyb] 24/11/2021 10:10

Good luck -

Think this is worth way more than that -

[farrugia] 24/11/2021 09:08

anyway i bought some more at around 6.75/6.80

[tomboyb] 24/11/2021 09:04

It worth more than the 13.8p -

That is undiluted -

add an extra 1/4 on top for fully diluted -

[here and there] 24/11/2021 08:20

Deal done, arbitrage looks pretty straight forward

[tomboyb] 24/11/2021 08:05

punt at these levels -

[dave4545] 24/11/2021 07:54

Does nobody believe it then ?

Punters do not, they keep selling around 6p

mm's do not believe it, they have opened up virtually unchanged

13.8p, you think it would open at least 7-8p on the news

[farrugia] 24/11/2021 07:44

RNS out - Minto listing 29 November 2021

Arbitrage opportunity?

As a result of Pembridge's participation in the capital raise, Pembridge holds 11.2% of Minto Metals. The valuation of Minto Metals based on the subscription price of C$2.60 per share is C$187.1 million. Therefore, Pembridge's holding of 11.2% will equate to C$20.1 million (£12.3m at an exchange rate of £1:C$1.70), which is equal to £0.138 per undiluted Pembridge share based on the Company's issued share capital of 88,965,516 shares. If all existing options and the conversion rights of the recently issued convertible loan notes were exercised, the Company would have 122,220,856 issued shares.

[uknighted] 10/11/2021 10:00

RNS

Minto Receives Conditional Listing Approval

London, United Kingdom - Pembridge Resources plc (LSE: PERE) ("Pembridge" or the "Company") is pleased to announce that, in connection with the previously announced "reverse take-over" of 1246778 B.C Ltd. ("778") by Minto Explorations Ltd. ("Minto") (the "RTO"), the TSX Venture Exchange ("TSXV") has conditionally accepted the RTO and the TSXV listing of post-RTO common shares of an entity to be named Minto Metals Corp. (the "Resulting Issuer"), which will be formed through the amalgamation of 778 and Minto (the "Amalgamation").

The Resulting Issuer common shares are expected to commence trading on the Exchange with the symbol "MNTO" before the end of November 2021, following the fulfilment of the remaining conditions by 778, Minto and the Resulting Issuer.

As previously announced on November 8, 778 and Minto will complete the Amalgamation in accordance with and pursuant to the terms and conditions of an Amended and Restated Amalgamation Agreement dated November 5, 2021 between 778 and Minto, a copy of which has been filed on 778's issuer profile on SEDAR at www.sedar.com.

The full text of Minto's and 778's own joint announcement follows.

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

"This conditional acceptance by TSXV clears an important hurdle in Minto's path to being a listed company and we appreciate the work that has been done by Minto and its advisors on the RTO and listing process."

[uknighted] 08/11/2021 09:20

Share consolidation !

[uknighted] 08/11/2021 09:19

Minto Moves Forward with RTO Transaction

London, United Kingdom - Pembridge Resources plc (LSE: PERE) ("Pembridge" or the "Company") is pleased to announce that Minto Explorations Ltd. ("Minto") and 1246778 B.C. Limited ("778") have entered into an Amended and Restated Amalgamation Agreement.

The Amended and Restated Amalgamation Agreement now agreed between Minto and 778 reflects certain changes since the original amalgamation agreement dated 14 June 2021 in relation to the Reverse Take-Over ("RTO") of 778 by Minto, which will form a resulting issuer to be named Minto Metals Corp. The main change is that Minto will implement a share consolidation on a ratio of one post-consolidation share to every 12 pre-consolidation shares.

The RTO is intended to be completed immediately prior to the listing of the resulting issuer, Minto Metals Corp, which is subject to the TSXV's acceptance of the listing application prepared in connection with the RTO. Minto and 778 have now submitted the listing application to the Toronto Stock Exchange (TSXV).

The associated capital raise, on which Pembridge previously updated the markets on 22 September 2021, has now closed a second tranche. In addition to C$16.4 million of proceeds now raised, a further C$14.6 million has been committed, to complete on completion of the RTO, giving aggregate proceeds of C$31.0 million.

The full text of Minto's and 778's own joint announcement follows.

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

"This RTO process is complex but crucial to the future development of Minto and we are very pleased to see this progress towards its completion."

[dave4545] 03/11/2021 15:00

Got to be the same person selling out, it has all the signs of a distressed seller and perhaps that random number 169k is the last of them

[uknighted] 25/10/2021 08:14

RNS

Minto Operations Update for Q3 2021

London, United Kingdom - Pembridge Resources plc (LSE: PERE) ("Pembridge" or the "Company") is pleased to announce the result of the Minto mine's operations for the third quarter of 2021.

Highlights

-- 7,127 wet metric tonnes of concentrate were produced during the third quarter of 2021 (Q3 2020: 5,707 wet metric tonnes).

-- Payments of US$21.0m received by Minto from Sumitomo (Q3 2020: US$18.4m)
Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board of Pembridge said:

"We are pleased to see another strong operational performance from Minto in the third quarter and thank its new management team, whose efforts are showing in the results. With the continuing high copper prices, the recently announced fundraise and the imminent listing of Minto, this is an exciting time to be involved in the mine."

[farrugia] 20/10/2021 10:39

The Company was advised on 18 October 2021 that Mr. Gati Al-Jebouri has acquired an additional 99,599 Pembridge shares at an average price of 6.59p per share, giving him a holding of 18,799,716 ordinary shares. As a result, Mr Al-Jebouri's holding has increased from 21.02%% to 21.13% of the issued share capital of the Company.

[farrugia] 18/10/2021 15:18

meanwhile we wait. price of copper very healthy up 34.26% year to date.