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PFP Pathfinder Minerals Plc

0.275
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pathfinder Minerals Plc LSE:PFP London Ordinary Share GB00BYY0JQ23 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.275 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crushed And Broken Limestone 0 -376k -0.0006 -4.50 1.71M
Pathfinder Minerals Plc is listed in the Crushed And Broken Limestone sector of the London Stock Exchange with ticker PFP. The last closing price for Pathfinder Minerals was 0.28p. Over the last year, Pathfinder Minerals shares have traded in a share price range of 0.075p to 0.525p.

Pathfinder Minerals currently has 632,494,834 shares in issue. The market capitalisation of Pathfinder Minerals is £1.71 million. Pathfinder Minerals has a price to earnings ratio (PE ratio) of -4.50.

Pathfinder Minerals Share Discussion Threads

Showing 2551 to 2565 of 4175 messages
Chat Pages: Latest  107  106  105  104  103  102  101  100  99  98  97  96  Older
DateSubjectAuthorDiscuss
20/7/2015
13:51
ANOTHER tradingstock buystock disaster

the insiders seem to be dumping at any price

growsomeballs dropinfo
16/7/2015
15:44
are you saying the Company Annual Report is wrong ?
the stigologist
16/7/2015
15:27
Latest blog that purports to be written by the general (he can't speak English!!) is, in my opinion, a twisted fabrication and written by a fool. Would somebody in the know tell me who the real author is? I am very surprised PFP's lawyers haven't moved to shut him down and sue for damages.
lady_g
16/7/2015
15:19
from the generals blog

Pathfinder now technically insolvent?
15 July 2015
Companhia Mineira de Naburi (“CMdN”)
HMRC claims £1.1m from Pathfinder Minerals plc (“Pathfinder”)

The Owners of CMdN, General Veloso and Diogo Cavaco, have noted the discussion on the LSE Blog disclosing the recent claim from HMRC to recover over £1.1m of VAT from Pathfinder.
Quite extraordinarily Pathfinder seems to have actively chosen not to make a separate RNS announcement in April 2015 when it first received a claim from HMRC for repayment of £1.1m. Instead, disclosure of this claim was made several months later and hidden away in Note 16 on page 22 of the 2014 accounts called “Contingent Liabilities”:
“In April 2015 the Company received an assessment from HMRC demanding the return of all VAT previously refunded to the Company. Together with interest, this assessment is for £1,109,765. “
Pathfinder had another opportunity to disclose this claim in its recent announcement of results for 2014. Again it buried this information completely and tried to claim that “…there are no immediate plans to seek…funding.”
If this £1.1m VAT claim from HMRC is successful (and in the current political climate in the UK it seems highly likely to succeed), Pathfinder now has no net cash reserves at all and estimated net cash liabilities immediately payable of probably over £300,000.

Technically Insolvent
To remain solvent in the UK, a company must pass two tests – a working capital test and a net assets test.
Under the working capital test a company must have sufficient cash to meet its liabilities as they fall due. Given the HMRC claim, it would seem that Pathfinder fails this test.
Under the net assets test, a company must have assets greater than its liabilities. Given the $9.9m unconditionally owed to BHP, it would seem that Pathfinder also fails this test.
By continuing to trade while insolvent the Directors of a company are in breach of their fiduciary duties as Directors and personally liable for any additional liabilities incurred.
Shareholders of Pathfinder Minerals should request urgent and detailed clarification from the Board as to why the £1.1m claim from HMRC claim was not separately disclosed when it was first received and why they believe this claim will not succeed.
The Directors continue to pay themselves salaries (£398,688 in 2014 alone) and expenses and incur liabilities. Unless this claim is resolved, Pathfinder would appear to be insolvent and therefore until it is resolved all such payments should cease immediately.
Shareholders should also ask whether in light of the failure to disclose this claim in April 2015, when the Board of Pathfinder first knew about it, there has been a false market in the shares of Pathfinder.

the stigologist
16/7/2015
15:11
lying spamming conmen trying it on again
the stigologist
16/7/2015
15:07
is there any truth in this ?
Mozambican President Filipe Nyusi on Monday swore Joao Beirao into office as the Deputy President of the Supreme Court. The position had lain vacant since its previous occupant, Adelino Muchanga, was promoted to President of the court last year. Nyusi appointed Beira to the position in February, and the country's parliament, the Assembly of the Republic, ratified the appointment on 13 May. One of Mr Nyusi first jobs was the return of the licence for London-based company Pathfinder Minerals after its long running battle with General Jacinto Veloso, ex-minister of state security in Mozambique, and Diogo Cavaco.

marbles1234
14/7/2015
10:47
100% buys and flat
bean02
14/7/2015
09:22
the £10bn is standard b.s. they include in these documents i.e. a totally unlikely figure as they can't say 'infinity' which is what they really want to say
the stigologist
14/7/2015
09:21
Someone likes it! :)
bean02
14/7/2015
09:12
No good if they are going to reduce the number of shares in issue merely by increasing the share price of each share. That has never worked. AVOID!

Many shareholders got wiped out when they did that at REFLEC.

When it is done and the after effects have ended then it will be time to buy.

johndee
13/7/2015
11:42
This proposed capital reorganisation effectively wipes out small shareholders. All the BOD are doing,under advice, is cleaning up a quoted shell. My guess is the purpose of this exercise is either a fundraising keeping the larger shareholders on side, or a sale of the company as a shell to be used for another purpose. Aside from the listing, the only asset this company has is potential success in litigation in Mozambique. The wording for the smaller shareholders is quite cute, "subject to market conditions" which is a catch all for everything. There seems to be quite a significant typo, or it may be intended in the circular, re the deferred shares relating to distribution of £10 Billion......DYOR
steelr66
13/7/2015
10:39
or just the share re-org pointing to capital destruction through equity issues ?
the stigologist
13/7/2015
10:39
news leaking about General winning ?
the stigologist
26/6/2015
10:18
more lies from buystock

just like IRG and ZIOC this will crash and results will show massive cash burn

expect to see this crash won't be able to afford lawyers fees much longer i think

the stigologist
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