Path Investments Share Discussion Threads

[purple11] 21/1/2020 18:45

looks like its definately on then!

[purple11] 21/1/2020 18:38

Path Investments plc
("Path" or the "Company")
Update and resignation of director


Path Investments plc (TIDM: PATH), the natural resources investment company, is pleased to provide an update on the Company's progress regarding the proposed acquisition of FineGems Extraction Corporation ("FGE"), as announced on 19 August 2019 (the "Proposed Transaction").

The Company continues to progress the Proposed Transaction in line with its expectations and in December 2019 Path began the draft Prospectus review process with the Financial Conduct Authority ("FCA"). Initial comments on the draft Prospectus are anticipated shortly.

The remaining steps towards completion of the Proposed Transaction and re-admission of the Company's shares to trading on the London Stock Exchange include, inter alia, an equity marketing programme, final approval and publication of the Prospectus and, because the Proposed Transaction is classified as a reverse takeover, approval of the Proposed Transaction by a General Meeting of shareholders, which will be convened when the Prospectus is published.

Further updates will be provided as appropriate.

Resignation of Director

In the meantime, Path announces that after more than four years as a Director of the Company, Andy Yeo has resigned from the Board with immediate effect, in order to focus on his other business commitments.

The Board would like to thank Andy for his hard work and commitment to the Company and wish him great success in his future ventures. For further information please

[fatfish] 14/1/2020 07:42

I encourage shareholders to visit our new website www.pathinvestmentsplc.com on a regular basis to keep abreast of developments.


STILL NOTHING

[currypasty] 09/12/2019 12:36

"We are pleased with the progress that has been made since signing our binding Share Purchase Agreement with FineGems Extraction Corporation. Given the reverse takeover nature of the transaction, we intend to publish a prospectus during the final quarter of 2019 and are grateful of the support of our advisory team in this regard.

I encourage shareholders to visit our new website www.pathinvestmentsplc.com on a regular basis to keep abreast of developments."

[fatfish] 05/12/2019 14:07

big big zone then as not heard anything yet

[purple11] 21/11/2019 15:03

getting into the zone where we should hear news now.....

[purple11] 15/10/2019 12:56

they say prospectus is being written this qu so I presume this relists early in the new year or at the end of this year?all v exciting.they will be producing within a few months of relisting so v good chance here if they get the placing price right.

[currypasty] 15/10/2019 08:56

its been a while

[fatfish] 15/10/2019 08:56

All quiet here, any news??

[fatfish] 29/9/2019 08:22

Give me a nudge when it gets to 24.15p I will be at break even then. :-)

[purple11] 29/9/2019 05:33

This could go ballistic on relisting.

6p

[purple11] 29/9/2019 05:33

production and sales within 3 months,

Jagoda Tourmaline Redevelopment Project (Zambia)


The Gemological Institude of America’s coloured gemstone courses describe the Jagoda mine as one of the top 3 Tourmaline deposits in the world.
3% of the resource are high quality premium grade Tourmalines, including red Rubellites that command a very high price.
c. 425 mm carats measured and indicated Tourmaline gemstone resources (included 128 mm carat measured resources) with an upside case of 1.8 billion carats, including additional deposits identified on the licence.
Very low capex and opex project with first production in c. 6 months

Jagoda Manganese (Zambia)


High concentration (52%) Manganese deposits on surface have been identified on the Jagoda licence suitable for use with EV and storage batteries.
Volumes of Manganese situated on the Jagoda licence area are currently being measured. Preliminary estimates suggest inferred resources of 4-16 mm metric tonnes of manganese ore distributed over c25% of the licence area. Average Mn ore grade purity of 52% (range = 40%-65%).
A marketing and sales agreement will be completed imminently with an established metals trading firm to monetise the manganese ore.
Very low capex and opex project with first production in c. 3 months


Path will own a 75% interest in the Jagoda licence which is located in Central Zambia at a distance of about 300 km from Lusaka.

The mine has been exploited from 1995 to 2004 to a depth of about 15 metres, generating recorded sales of 214 mm carats of Tourmaline. Historical sales show that 3% of the resources are high quality premium grade Tourmalines including, red Rubellites that command a very high price.

The Jagoda Tourmaline Redevelopment Project consists in extending the existing pit to a depth of 35 metres to access 425 mm carats of measured and indicated Tourmaline gemstone resources, with an additional 195 mm carats inferred resources. Two other Tourmaline deposits have been identified on the Jagoda licence with an additional 1.2 billion carats Tourmaline gemstone inferred resources.

Sales will be conducted through auction processes, with annual sales expected to progressively reach 35 mm carats

[purple11] 27/9/2019 19:08

skankymanc

you don't know anything about the stock.what price they will place at or the level of excitement in the stock when it reliats.

near term production of a valuable commodity speaks volumes for me will be on their way.gla

[purple11] 27/9/2019 19:06

Interim Results for the six months to 30 June 2019

Path Investments plc (TIDM: PATH), the natural resources investment company, announces its interim results for the six months to 30 June 2019.

Highlights

· Sale of Legacy Turkish assets
· Broadened focus on the acquisition of producing natural resource assets
· Announcement of binding Share Purchase Agreement with FineGems Extraction Corporation
· Appointment of PKF as auditors to the company
· New website launched www.pathinvestmentsplc.com
· Profit before tax £ 23,263 (H1 2018 loss before tax of £483,418)
· Earnings per share 0.01p (H1 2018 loss 0.25 per share)

Commenting, Christopher Theis, Chief Executive of Path, said: "The first half of 2019 was an extremely busy time for the Company, culminating in our announcement, post the review period on 19 August 2019, of our intended purchase of FineGems Extraction Corporation. The proposed acquisition delivers on our corporate strategy; we are working tirelessly in these difficult times for the capital markets towards completion of the transaction."

Enquiries:

Path Investments plc
Christopher Theis

020 3934 6630
Shard Capital (Broker and Financial Adviser)
Simon Leathers
Damon Heath

0207 186 9900
IFC Advisory (Financial PR & IR)
Tim Metcalfe
Zach Cohen

020 3934 6630

About Path Investments plc

The strategy of the Company is focused on delivering a material acquisition in natural resources production or near production assets with the objective of providing the Company's shareholders with access to a low risk and, over time, diversified portfolio which can offer a dividend stream as well as offering development potential for capital growth. The Directors are looking to create a diversified portfolio of assets that is mindful of the maturity of asset developments, life of income stream and the potential for growth, and a number of opportunities have been evaluated and developed. The Company is open to ideas but intends that the Reverse Takeover will be of a business that can act as the cornerstone for building a substantial group within the sector.

Chairman's Report

The sale of the legacy Turkish assets during the period under review marked the final chapter of the historic business.

Your board is investigating the appropriate method of returning the consideration received to deferred shareholders, mindful of the company's current negative reserves position. We expect to be in a position to say more on this shortly.

We are pleased with the progress that has been made since signing our binding Share Purchase Agreement with FineGems Extraction Corporation. Given the reverse takeover nature of the transaction, we intend to publish a prospectus during the final quarter of 2019 and are grateful of the support of our advisory team in this regard.

I encourage shareholders to visit our new website www.pathinvestmentsplc.com on a regular basis to keep abreast of developments.

Brent Fitzpatrick

[fatfish] 23/9/2019 17:13

Maybe some people will get out fast BUT NOT UNTIL IT RE-LISTS

[manc10] 23/9/2019 11:36

mark my word this is going nowhere garbage money losing share get out fast

[purple11] 19/9/2019 17:43

tiny freefloat could really move this gl.

[fatfish] 16/9/2019 13:08

surprised to see that only about 46 mill shares are held by shareholders, the other 150 mill by large holders. They won't want too much dilution.

[currypasty] 16/9/2019 09:32

worth a look..

www.pathinvestmentsplc.com

[purple11] 15/9/2019 21:17

Should be news here soon.
Easy multibagger on the way with a nice placing price.gl

[fatfish] 27/8/2019 18:30

I don't think they have made an agreement yet it may still fall through as far as I am aware.

Whilst the principal terms of the Proposed Transaction have been agreed, the acquisition remains subject to due diligence, completion of the acquisition documentation, completion of the fundraising and re-listing of the enlarged group on the London Stock Exchange. The parties intend to proceed as quickly as possible with the Proposed Transaction. However, there can be no certainty that it will be completed.

[sleveen] 27/8/2019 17:46

Presentation

[spike52] 27/8/2019 17:00

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