The mainstream financial press appeared to have skirted over the fact that metals explorer Pembridge Resources is looking to quit the Alternative Investment Market for a standard listing on the London Stock Exchange, so I thought I would take a look at the issue on little old Betaville...
Pembridge Resources, the AIM-listed company formerly known as China Africa Resources, is expected to launch its fundraising roadshaw tomorrow.
And little old Betaville understands David Linsley, the company's newish chief executive, has introduced a rather novel format for the roadshow...
Oh look: China Africa Resources - now called Pembridge Resources - has effectively confirmed yesterday's jackanory. Click on the link below for all the detail about the move to become an investment company.
Remember my tale about about China Africa Resources? (in case you don't, here is the link: https://www.www.betaville.co.uk/news/revealed-the-real-reason-china-africa-resources-changed-its-name-to-pembridge-resources-sources). ..
To the AIM bulletin boards where investors appear to have got rather excited about China Africa Resources's proposal to change its name to Pembridge Resources.
The move to change the company's name comes after David Linsley - one of the founders of Cross Asset Management (older readers might recall the investment firm was one of first London-based event driven hedge funds set up in the City) - was appointed as chief executive in February...