Pires Investments Share Discussion Threads

[phenomenonnick] 11/1/2017 12:40

Yeah weirdly my 300k buy at 11.18 shows as a sell though!

[apfindley] 11/1/2017 10:59

Someones hungry this morning.Realised that they have 700k cash and only £1m market cap....and about to finalise an asset deal.Should be nearer 12p than 3p with the low number of issued shares.

[divmad] 11/1/2017 08:34

Next stop 3p

[divmad] 10/1/2017 19:28

Why does the assumed rto here have to be in lithium?

[thehitman1] 06/1/2017 17:51

run up or down?.

[daicaprice] 05/1/2017 16:32

Couple of sellers this affy but looking good for a run up.

DC

[daicaprice] 05/1/2017 13:03

Taken 30k to dip a toe in, starting to look as if things are about to hot up.

DC

[alexios1201] 30/12/2016 09:34

Game on guys

[euclid5] 29/12/2016 20:16

Wonder what they are dropping their salaries to:

"An operating plan has now been adopted which will bring about a further significant cost reduction, including a reduction in directors' remuneration to a level consistent with the Company's size and stats"

[euclid5] 29/12/2016 20:13

They had £52,000 as at April 16

Raided £100k from their largest s/holder

then £675k gross- so perhaps they are sitting on about £700k

[euclid5] 29/12/2016 20:10

yep I do indeed

we are backing the BoD's & their connections & their past track record history, preferably of not taking a salary until they prove up the assets & actually create s/holder value & that's not issuing shares like confetti

[euclid5] 29/12/2016 20:09

They have raised gross amount of £675,000 in Nov

[apfindley] 29/12/2016 20:07

Piri have around 700k in the bank.Do you realise there are some aim companies with barely 2-300k cash, who are valued at 20-40mill and riding only on the back of pumps and dodgy assets.

[euclid5] 29/12/2016 20:07

They may do & KOD will have to raise more to further develop the Lithium asset - but hopefully at a higher price

where did you post the news please, so I can read it

Thanks

[apfindley] 29/12/2016 20:04

Euc.Piri have more cash in the bank than kod.Just saying..

[apfindley] 29/12/2016 20:03

Euc. I posted the news this morning elsewhere.Wait and see.

[euclid5] 29/12/2016 20:03

Even if they do a RTO, depending on the co in question, they may have to raise further funding to finance the co reversing into them & moved into AIM....but all depends on the co & it's potential

[euclid5] 29/12/2016 20:00

Apfindley, don't come on here with that line please....just because KOD - Kenv & BGS have moved up on the Lithium news

If your rumour was anywhere near true, you would be loading up here

If they did happen to buy into a Lithium asset, don't forget they will near a few £m to carry out the work programme. But do see the potential, all depends on pas BoD's experience & if they delivered before & are they qualified geologists, or will they be sold some duff license, bit like the Newog BoD's on Blue Creek......don't forget even Directors can be taken for a nice ride into an asset that they have not much knowledge or qualifications on

[apfindley] 29/12/2016 19:59

Pires appointed a director, Richard Armstrong. Pires invested in Armstrong ventures (13%). Pires director Peter Redmond was appointed a director of Armstrong ventures.Armstrong ventures then did a reverse takeover of MelodyVR, and rebranded itself as EVR holdings "EVRH".EVRH now put some big deals to paper, which is why their shareprice, and Pires investment in them is on the rise, infact it's doubled in a few days.This has not translated into any movement for Pires, who have a very small number of shares in free float.The market has unlikely put 2+2 together and noticed that Pires have an investment in EVRH.Tick tock BOOOOM..

[euclid5] 29/12/2016 19:56

So they can issue £3m worth of shares also as per their news release 11 March 2016

£3m div 3.25 = 92m new shares

"As an initial step towards delivering this strategy, the Board is proposing to seek to raise fresh equity capital which is expected to be sufficient to enable the Company to investigate suitable opportunities and undertake adequate due diligence in order to move towards execution of a significant acquisition.

The Company has authority to issue shares for cash up to an aggregate maximum nominal amount of £3,000,000 under existing authorities given by Shareholders at the last annual general meeting.

[apfindley] 29/12/2016 19:35

Purchase or Reverse takeover of a lithium asset or company.Plenty of cash.Heard a rumour earlier today about the lithium, so have wait see.

[euclid5] 29/12/2016 19:27

Wonder what the CLN is for the shares as they don't mention it below

Raised £525k plus £150k in Nov 2016 plus issued 8.75m warrants at 4.24p
Total £675k cash gross

34m shares in issue so a £1m market cap

"Our holdings in Kennedy and Armstrong are relatively small and we have in part profitably realised these investments and will likely continue to divest these holdings"

"he Board has arranged a working capital facility, which will be in the form of a convertible unsecured loan note or a similar instrument, with its major shareholder, Ambrosia, up to the value of £200,000 that may be drawn down over a period of eighteen months"

Has this BoD delivered s/holder value before in past co's?

"As previously indicated, we continue to seek a single investment or reverse opportunity if possible on a share-for-share basis and we have made further reductions in our operating costs"