Pembridge Resources Share Discussion Threads

[vivgav] 22/1/2020 07:08

Drilling RNS

[owenga] 21/1/2020 10:53

Crazy drop on such low turnover.

[susiebe] 21/1/2020 10:17

Makes sense to appoint a day to day operator leaving PERE free to seek more investment oppotunities.So whys this share down 8%?

[soulsauce] 21/1/2020 07:25

Yes not sure what to make of that.

[soulsauce] 20/1/2020 15:17

Still steadily going in the right direction in conjunction with the copper price.

[noirua] 17/1/2020 17:17

A lift in the last 90 minutes of trading. This video, posted before, is very encouraging:

[someuwin] 13/1/2020 15:25

Copper heading in the right direction.

[maverick247] 13/1/2020 11:39

Great summary of the company and project in this video

Balanced investment case

Production will exceed that of CAML by more than 50% - assuming extension of mine life from up-coming drill programme potential huge upside from current £10m cap

[mostro] 11/1/2020 12:03

Thanks, will look closer at UOG which has indeed been on my radar for past 6 months.
Good luck next week to all here at PERE!

[soulsauce] 11/1/2020 11:44

Hi Mostro

I was in Ptal and made a bit of a turn but stupidly sold out after the (cough) accounting error.
But they have actually done what they said on the tin and consistently ramped up oil production in big increments.

I actually think UOG is massively better value for money having just taken RKHs Egypt assets but I totally get why you like Ptal.

With Pere I wouldn't be surprised to see some other acquisition before long. It is certainly talked about in most Rns that Minto was the first step in the building process.
My break even is 31p.

[mostro] 11/1/2020 11:34

Morning Soulsauce

Looking good here I feel, although still a long way to go to break even point ( 28p for me )
Have you had a look at, or are you in, PTAL. I like what they have achieved in 2019 and the 2020 plan looks excellent as well.
No ramp here as I do not yet hold and I feel I missed a good entry point a couple of months back at 20p (now 30p)
I think I will get in on Monday, just a few £k for starters..

G L A

[noirua] 10/1/2020 23:13

Pembridge Resources CEO expects Minto revenue to grow steadily
14 November 2019

[soulsauce] 10/1/2020 13:24

Ged yes it was always the plan to get a project like this and use their expertise to lower costs and increase production and mine life.
Seems like they are hitting the ground running.

You are right in the respect that a new broker note would be beneficial.

[russiaguru] 10/1/2020 13:20

Will wait for the first set of financials before buying here. Although I can speculate, its pointing towards a flat 6 months from this position due to demands on capital e.g. opex, closure bond etc.

If LOM can be increased 2021 onwards should be great.

Normally I am 50% right :)

[ged5] 10/1/2020 13:16

Page 94 onwards of the prospectus gives historical costs. They seem to have been variable but very high. I seem to remember a video (was it Frank McAllister?) where the speaker was very confident about reducing costs. The forecast costs in the broker report are significantly lower.

It's a little bit easier to give these documents a little more attention now we've relisted! :))

[ged5] 10/1/2020 10:49

Thanks Russiaguru. That figure was from July when they also forecast 1.9kt for 2019 and 20.1kt for 2020. They also forecast 1.1m net profit for this year rising to 51.5m for 2020.

We've just had production figures for 104005 dmt. Am I correct in my thinking that the actual production was about half the forecast? Even with net profit of 26m next year a mkt cap of 10m seems very low.

This was a broker forecast written when David Linsley was CEO. Perhaps we need an updated Broker report.

[soulsauce] 10/1/2020 09:58

I don't think we have seen it yet Ged until ramp up is complete but russiaguru above says he has researched all in costs at $2.04 per lb. No reason to dispute that but I have not seen it myself. May be researching old Capstone data might give a clue.

[ged5] 10/1/2020 09:49

Good posts Soulsauce.

Just to add $5.4m is only 90%. PERE also gets a third of a further 10% less interest charges.

Also worth remembering:-

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

Do we know the Opex yet? I don't remember seeing it.

[russiaguru] 10/1/2020 09:43

Researching this it looks like the ASIC is around $2.04/lb based upon the initiation report, page 28.

Interesting arrangement with Capstone as well. Great CEO.

Looks like they need to put CAD10m away towards the reclamation bond.