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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Pembridge Resources Plc | PERE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.225 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.225 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 17/5/2023 13:39 by mrmark1 Squeeze! Gati holds 22% and £5m in the company, PERE owed $2m and Minto can raise finance with Copper rising, plus new discoveries made not so long ago |
Posted at 16/5/2023 16:15 by pwhite73 PERE will have a legal claim against the Yukon government. It does seem to me they're using the cost of environmental issues to force Minto off the mine. |
Posted at 16/5/2023 15:01 by tomboyb Pwhite -Completely agree on the copper statement - Next few years will be all about Energy / Green energy and commodities - To me however, looks like the end is here for PERE - |
Posted at 16/5/2023 14:48 by tomboyb PERE looks completely finished - |
Posted at 15/5/2023 11:50 by bozzy_s 3 minutes of research would've stopped most people investing in PERE. Find Minto's TSX-V quote, and click the last production update for Q1 2023 -"Under the Wheaton Precious Metals agreement, the Company receives 65% of the adjusted Gold price up to a maximum of US$1,250 for 2 years and then 50% up to a maximum of US$1,000 thereafter. (12 Months remaining on initial term) Silver receipts are at the lesser of the prevailing market price and US $4.35/oz with 1% annual escalator." That single paragraph should've been a huuuuuuuuuuge red flag. Sorry for anyone who lost badly here. |
Posted at 15/5/2023 08:21 by farrugia that's my thoughts too dave - good news moves a stock 5% to 10% if you're lucky. Bad news annihalates it. Not that PERE has helped itself with threats of delisting and this statement'As a result of this material uncertainty to the Company, the Board has no option but to carefully assess the financial viability of the Company, consider delisting from the London Stock Exchange as well as obtaining appropriate professional advice on the restructuring and insolvency options available. The Board will consider every feasible option available to ensure that any losses are minimised for all creditors and other stakeholders of the Company.' No mention of shareholders! |
Posted at 11/3/2022 08:45 by farrugia dave which small cap do you have? As for Pere if they really wanted to sell their holding they could find an institutional holder wanting their stake. I presume 'copper' is a hot metal at the moment and will stay hot for years. |
Posted at 11/3/2022 08:08 by czar Yes, thanks Dave. I'm going to buy more, PERE could start to pay us dividends way above the share price over the next year or two. I am patient. |
Posted at 11/3/2022 07:34 by czar PERE only has a market cap of £4.5m, this has to be wrong by a factor of several times? Am I missing something?"Pembridge's proportional share of the overall project cashflows from the current mine life at Minto, based on operational assumptions set out in Minto's updated 43-101 Preliminary Economic Assessment Technical Report and our shareholding, are expected to be circa US$26M at a copper price US$3.75 per tonne. Given the current copper price of approximately US$4.50/lb and favourable outlook, coupled with the commencement of the recently announced drill program to expand mine life, the Company feels there is additional significant potential to this share of the overall project cashflows . These cashflows for the Company, which are dependent on the dividend policy of Minto, are expected to provide significant funding to advance any new projects that Pembridge invests in." There is a typo in here tonne should be lb. |
Posted at 04/3/2022 20:30 by dave4545 All depends if they can find a buyer for their stake.Minto is traded on the TSK Canada and is lucky if 5000 shares change hands a week. It's currently down 8% but that means nothing, there is only 2200 shares traded so it can have wild swings. How on earth do Pere sell it to realise value for UK shareholders ? Pere have about 8 million shares in Minto or 11% so unless they find a buyer to take them all they cannot sell on the open market there is zero liquidity. On paper they are worth 12-15p, in reality they are not worth much at all |
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