Shares in Pembridge Resources PLC (LSE:PERE) tanked 73% amid funding worries over Minto Mining, a Canadian company it has loaned C$2mln to.
Minto has told Pembridge it is unlikely to be able to repay the sum, including the $250,000 tranche due this year.
The Minto ‘receivable’ (as the loan is called) accounts for 90% of Pembridge’s assets.
At 9.17 am, the stock was changing hands for 0.39p, down 1.06p.