Pembridge Resources Share Discussion Threads

[ilostthelot] 09/1/2020 09:07

It's good income for a company valued at £11M. I've bought in today.

Question is how much of that is profit?

[nick rubens] 09/1/2020 09:00

"with a further payment for December's record production due imminently"

RNS coming in the days ahead then. $7m already received for two months, so it's possible that for the month of Dec we are looking at around $4 million at least?

[kilijarslan] 09/1/2020 08:29

Let all the weak holders sell. I've got more buy orders in place ???

[mad foetus] 09/1/2020 08:02

Got some at the bell for 16

[ammu12] 09/1/2020 07:33

What is the margin/profits ?

[soulsauce] 09/1/2020 07:25

Indeed. Excellent update and payment Rns to come expected to be the biggest yet.
Should see a nice uplift today.
Achieved when everything is pretty much frozen up in the Yukon.

[vivgav] 09/1/2020 07:10

Excellent RNS

[someuwin] 09/1/2020 07:07

Wow!

Highlights

- December copper in concentrate production up by 57% month-on-month

- Milling operations currently operating on a 2-weeks-on, 2-weeks-off schedule as mining operations continue developing underground, preparing the mine for an increased mining rate later in 2020

- US$7.1M has already been received in payments for production in October and November, pursuant to the offtake agreement between Sumitomo Canada Limited ("Sumitomo") and Minto dated 22 July 2019 (the "Offtake Agreement"), where Minto receives a 90% provisional payment ("Advanced Payment") for the copper concentrate produced at each month end.

- The Advanced Payment for production in December 2019 is expected to be a new high, since recommencement of operations, due to the increased copper production and a stronger copper and gold price.


- 2019 production was all mined from the Minto East mining zone. Mining of this zone is expected to be completed in Q2 2020, at which point production will continue from the next mining zone, Copper Keel.

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

"I am very proud of what the Minto team has achieved during 2019. Following the restart of operations in October we have seen improved copper production levels each month. I am delighted to report that December's copper in concentrate production figures showed 57% increase on the previous month due to improvements in the head grade.

Minto has already received in total over US$7M from Sumitomo under our offtake arrangement, with a further payment for December's record production due imminently. All of this has been achieved with the plant still running on a two-weeks-on, two-weeks-off basis to ensure efficiencies during the ramp-up phase. Accordingly, we expect the revenue stream to continue to improve throughout 2020, due to increases in the production rate, as well as the increasingly positive outlook for copper prices, which have already gained circa 10% since mining operations recommenced."

[mostro] 08/1/2020 16:27

Yippee! 15p on the bid. Love it!!

[inthepub] 08/1/2020 11:06

I think we are getting a bit carried away with 20p.Everyone is expecting them to be a bit better than the first 2 announcements with copper and gold being higher.The next big move will I think a RNS telling us of an extended mine life.

[soulsauce] 08/1/2020 10:41

I think that is quite possible simonparker so let's hope they are good ;-)

[simonparker5] 08/1/2020 10:37

If they are good we see the 20s.

[simonparker5] 08/1/2020 10:35

I guess we should get to hear the December sales figure any day now. The November figures were released on the 4th of December.

[soulsauce] 08/1/2020 10:29

Thanks someuwin, very interesting tweets from the company over the last couple of days.

[someuwin] 08/1/2020 10:16

Pembridge Resources‏ @PembridgeRes · 1 hour ago
𝐆𝐎𝐋𝐃 𝐀𝐓 𝐒𝐄𝐕𝐄9821; 𝐘𝐄𝐀𝐑 US$ 𝐇𝐈𝐆𝐇
The #MintoMine is a producing Copper/Gold mine
With gold at 7 year highs, the Minto bottom line is boosted from gold credits via the amended Wheaton Streaming agreement (announced on the 8/11/19)
@PembridgeRes

[nick rubens] 07/1/2020 14:53

There's been some decent volume since relisting. I'm looking forward to the forthcoming updates on production, cashflow and hopefully profitability, we seemed to have good updates while it was suspended, so lets see.

[someuwin] 07/1/2020 09:27

Moving now.

[someuwin] 07/1/2020 09:07

Can barely buy anything online.

[kilijarslan] 06/1/2020 21:38

This will go higher :)

[tunafish1] 06/1/2020 16:51

Any thoughts on how high this will go when they announce the next revenue payment?

[soulsauce] 03/1/2020 10:01

Great post as usual someuwin.

Given how gold is going lets not forget the gold take here as well.

[someuwin] 03/1/2020 09:57

As the last line above says, this is just the first of many acquisitions as the company builds.

[nick rubens] 03/1/2020 08:35

This will be the most interesting of the commodity companies this year as it reports it's sales figures. With a bit of luck and demand we could see a bull market develop in the price of copper itself. Might as well see it through for a year at least.

[babbler] 03/1/2020 08:11

Great to see momentum continuing...