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Pinetree Capital Ltd T.PNP.DB


Primary Symbol: T.PNP Alternate Symbol(s):  PNPFF

Pinetree Capital Ltd. is a Canada-based investment company focused on enterprise software and technology. The Company's objective is to maximize shareholder value. It invests primarily in equity, as well as debt and convertible securities. The Company holds approximately 8-12 investments, resulting in equity positions between 7% and 12% of assets (though its positions may at times reach or exceed 20%). Its subsidiaries include Pinetree (Barbados) Inc., Pinetree (Israel) Inc., Pinetree Capital Investment Corp. and Emerald Capital Corp.


TSX:PNP - Post by User

Bullboard Posts
Post by Skymanon May 10, 2016 9:30am
299 Views
Post# 24857124

Legacy Holdings

Legacy Holdings

I've been poking around and adding to my position at this level after exercising my rights. I'm curious as to what a veteran merchant banker will do with his own public company! Much of the Pinetree legacy assets are private, so the value does not generally fluctuate until a further financing or whatever. The only two public companies that meet Pinetree's reporting threshold are AAO and LAT, the latter with a fully-permitted operating gold mine in Paraguay! In the new pro-gold sensitivity now driving the other junior golds to fair valuation, the share price of LAT has not budged because the company fell off the radar after operating a test bulk-sample mine unprofitably during exploratory years and crashing like a penny stock in 2015. LAT reduced mining activity to 50% during the gold price bottom, and consolidated shares10-1 under new management. Now they have completed engineering to advance to commercial production of 30 tonne per hour by mid-2016, and have been raising money with ease. (Oversubscribed $1.5m Nov 2015 @ 0.10 with warrants @0.15. $1.0m Apr 2016 in advance gold sales to SilverStream, and 0.5m Current Financing @0.12 with warrants @0.18.) This is a potential bonanza for insiders holding warrants and options!


Bullboard Posts