Pembridge Resources Share Discussion Threads

[uknighted] 26/5/2022 15:05

RNS Pembridge Minto Q1 2022 results.

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

"Operationally and financially strengthened Minto is delivering the results with the strongest quarter since restart of operations in 2019. Like our company, Minto for the first time is showing positive net assets, positive net operating cash flow of C$15 million and fully diluted earnings of C$0.20 per share for three months of 2022. These excellent results together with the continuing investment in exploration give me added confidence in the strong value of our investment."”

[bean02] 19/5/2022 14:17

This price is ludicrous

[livewireplus] 17/5/2022 19:21

Indeed .... a GBP 1,300 hit (+ dealing charges/ stamp duty)....

[dave4545] 17/5/2022 19:02

That 200k RNS trader paying 4.99p and then not waiting for another trade and selling 14 mins later for 4.34p !

[livewireplus] 17/5/2022 15:35

RNS: Pembridge Resources plc 4 Year Concentrate Offtake at Minto

[uknighted] 29/4/2022 07:52

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

"These financial statements illustrate a major stage in Pembridge's development, showing a profit for the year and positive net assets for the first time since taking its present form as Pembridge Resources plc. During 2021, Minto was listed on the TSXV and successfully raised C$31m of capital. We continue to execute on our four stage strategy set out in 2019 and having achieved financial and operational stability at both Minto and Pembridge we are now moving forward to grow our business.

The success of our investment in Minto means that Pembridge is now able to pursue its 4 (th) stage of our strategy, which is to identify and invest in new projects in the energy transition sphere. Today we can say that our future investments are supported by our balance sheet, which for the first time is showing positive net assets and allowing us to bring significant value to potential partners."

[livewireplus] 29/4/2022 07:38

Indeed .... about as expected ..... looks good for the future .... happy to sit on my existing holdings in this company ....

[uknighted] 29/4/2022 07:31

RNS Annual Financial Report.

[livewireplus] 01/4/2022 06:48

Adjusted EBITDA totaled $22.2 million, a $27.6 million increase from a loss of $5.4 million in 2020.

[bean02] 01/4/2022 06:19

WHITEHORSE, YT, March 31, 2022 /CNW/ - Minto Metals Corp. ("Minto" or the "Company") today announced the Company's financial and operating results for the fourth quarter ("QTR 4 2021") and the Full Year results of 2021 ("YTD 2021"). The Full Year Results include a strong 44% growth in production and an increase of $27.6 million in Adjusted EBITDA(1) compared to 2020.Minto Metals Corp. (CNW Group/Minto MetalsFourth Quarter Highlights:Copper sales increased 109% to 8.4 million pounds compared to 4.0 million pounds in Quarter 4 2020. Revenue grew 160.8% to $47.3 million, a $29.2 million increase from $18.1 million in Quarter 4 2020.Improved operating resultMill Feed for Quarter 4 was 261,615 dry metric tonnes (dmt), a 58.6% increase from 164,969 dry metric tonnes (dmt) in Quarter 4 2020.Production costs increased 40.0% to $34.8 million compared to $24.9 million in Quarter 4 2020, consistent with operational ramp-up.Operating cash costs per pound sold (2) averaged USD $2.92/lb, a 35.0% decrease from USD $4.49/lb in Quarter 4 2020.All-In Sustaining Costs ("AISC") per pound sold (2) averaged USD $3.50/lb, a 33.5% decrease from USD $5.26/lb in Quarter 4 2020.Adjusted EBITDA totaled $13.1 million, a $20.4 million increase from loss of $7.3 million in Quarter 4 2020.Full Year Highlights:Copper sales increased by 43.8% to 25.6 million pounds compared to 15.0 million pounds in 2020. Revenue grew 72.3% to $138.3 million, a $58.0 million increase from $80.3 million in 2020.Operating cash flow increased 72.2% to $12.2 million a $5.1 million increase from $7.1 million in 2020.Improved operating resultsMill Feed total for the year was 903,498 dry metric tonnes (dmt), a 43.6% improvement from 629,078 dry metric tonnes (dmt) in 2020Production costs increased 35.1% to $113.5 million compared to $84.0 million in 2020, consistent with the operational ramp-up.Operating cash costs per pound sold (2) averaged USD $3.19/lb, 9.6% lower than USD $3.53/lb in 2020, the result of increased maintenance expenses to improve operational performance.AISC per pound sold (2) averaged USD $3.87/lb, 6.5% lower than USD $4.14/lb in 2020.Adjusted EBITDA(1) totaled $22.2 million, a $27.6 million increase from a loss of $5.4 million in 2020.Total year-to-date Net Loss of $2.0 million, a 89.1% improvement from the $18.3 million net loss in 2020.

[czar] 01/4/2022 06:17

Minto Metals generates record Adjusted EBITDA(1) in 2021 highlighting a 44% increase in production
01/04/2022 6:49am
PR Newswire (Canada)

Minto Metals (TSXV:MNTO)
Intraday Stock Chart

Friday 1 April 2022

Click Here for more Minto Metals Charts.
WHITEHORSE, YT, March 31, 2022 /CNW/ - Minto Metals Corp. ("Minto" or the "Company") today announced the Company's financial and operating results for the fourth quarter ("QTR 4 2021") and the Full Year results of 2021 ("YTD 2021"). The Full Year Results include a strong 44% growth in production and an increase of $27.6 million in Adjusted EBITDA(1) compared to 2020.

[livewireplus] 29/3/2022 19:25

This evenings RNS : Pembridge Resources plc Minto Market Maker

[livewireplus] 29/3/2022 14:46

Todays RNS : Loan Repayment and Investment

[cyberbub] 23/3/2022 13:12

Dave4545, if you have 3M shares then you must have a notifiable holding?Interestingly the company don't seem to have a 'significant shareholders' page on their website, which I thought was mandatory.

[farrugia] 16/3/2022 16:47

do we have an institutional holder? :P

[farrugia] 15/3/2022 10:08

lovely update

"We are very encouraged to see these results, which indicate that there is a lot of potential to find further high-grade copper and precious metal lenses near to the mine's existing resources. They give a strong start for the planned 2022 exploration programme, which I believe will confirm my expectations of a much longer Minto life of mine to the currently confirmed remaining 7 years."

[marmar80] 11/3/2022 09:11

Advfn states they have 61m debt. Is this correct?

[farrugia] 11/3/2022 08:45

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.

[czar] 11/3/2022 08:08

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.

[dave4545] 11/3/2022 07:43

czar

It's Minto's listing on the Tsk that is the issue.

They have 11% of it, worth way more than Market cap here but how do they sell it. Yesterday only 100 shares changed hands.

I have the same issue, I have 3 million shares in a small cap with 50,000 NMS and no support. I cannot sell it unless I take a significant discount, I have to wait for liquidity. Unless Pere find somebody to buy it off them, they are resigned to holding it long term.

See for yourself and the daily volumes

[farrugia] 11/3/2022 07:42

I think many in here had given up because they expected a re-rating on the Minto Metals float listing.

well we've started receiving some money at least.

And the mine life will probably be increased - a long term hold this one.

[czar] 11/3/2022 07:34

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.

[mrmark1] 04/3/2022 20:51

Pembridge don't need to sell Minto shares to increase in value.Copper is only going one way in the coming years and the mine life will increase with exploration. The mine is throwing off cash at $5 and the loan and Divs will be worth multiples. Minto shares will start to trade as institutions see the financial updates. Just because they are illiquid now dosent mean they will start that way.The CEO owns a huge chunk of this small cap and will want a return on that investment.

[dave4545] 04/3/2022 20:30

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