Pathfinder Minerals Share Discussion Threads

[timw3] 11/4/2019 06:48

This revision has resulted in an estimated pre-tax net present value ("NPV") at a 10 per cent discount rate of US$1.05 billion; with projected annual revenues of US$323 million over a mine life of 30 years. The project internal rate of return ("IRR") is expected to be approximately 25 per cent. The revised findings represent a near doubling of the previously reported equivalent NPV and an increase of 6.1 per cent in the project IRR. A summary of the key differences in scoping study outcomes between the 2011 Report and the 2019 Report is set out below.

$323m Annual Revenues!!

Market cap £6m

At £60m this is cheap. And even if some dilution required around the 15-20p level it won't matter.

How often do you see the BOD specifically say, we seek to limit dilution for shareholders as much as possible whilst increasing shareholder value.

You just don't get it and therefore I trust these Directors over 99% of others.

Even if we do 100% today you're talking 12.5m market cap. Basically, absolutely peanuts. Go and look at other companies listed on AIM with a resource anywhere near this size, you're talking at least 20-25m market cap. Basically 4 x from current levels and nearer the 9-10p mark for PFP.

[timw3] 11/4/2019 06:46

careful of those trying to tame this down... this is HUGE for a £6m cap..


“In parallel, the Board is evaluating, and is in active discussions with regards to, potential funding strategies (including both partnerships and debt provision) to facilitate the Proposed Transaction and finance
subsequent development of the Licence. Our focus as a Board is delivery of meaningful value to current shareholders minimising any future dilution.

And this - "The agreement between General Veloso and Pathfinder, subject to the further work to firm up the optimal transaction structure for Pathfinder shareholders to bring this to completion, should give shareholders confidence that the return of this asset is now, finally, on the near horizon. It reflects the considerable efforts of the parties to work together towards a resolution in the interests of all stakeholders. The Board's confidence in the deliverability of a resolution is further reflected in the directors' participation in the Subscription and Settlement Share issue today at a 48 per cent premium to the closing mid market price yesterday.

I repeat to all genuine holders - be careful with negative spin. The game changed for PFP shareholders yesterday.

[timw3] 11/4/2019 06:42

Fundraiser
‏

@Fundraiser2222
30m30 minutes ago
More
#pfp huge day coming up here after the transformational deal with the general rns late yesterday. An ex BHP asset with a NPV of over $1 billion, asset has doubled in value since Mcap was £80m with the same asset, tiny freefloat, sticky holders, tiny Mcap, should see 5-6p today
3 replies . 6 retweets 8 likes

[timw3] 11/4/2019 06:39

“the NPV (at a 10% disc rate) moving from just over half a bil dollars to now over $1bn.This truly is a world class asset & as the largest shareholders in the co we doubt that management will be short of potential partners”

MC was £80 mil+ before licence dispute now 6mil 🚀

[madchatter2] 11/4/2019 06:38

Sigh, people as always *need to take responsibility for their own finger on the buy/sell button*.

If you think this will drop, go out and short it today. If you think it will rise, go out and buy it today.

But don't sit there moaning about missing out, or being a doomsayer.

[apfindley] 11/4/2019 06:17

Beware, a lot of pumping going on here to force a rise.

[aimshares] 11/4/2019 05:32

I feel on open this will go nuts today and just keeping running ,I do feel 5p will be on the cards today ,it will then settle over 5p then go for another run .Absolutely mind blowing news.

[letmepass] 10/4/2019 22:53

End of day news.. MmMM.. AST, CAD.. wonder why seems a trend. One way to get spiked

[jungmana] 10/4/2019 22:51

Tim, many companies from 2011 to today have multiplied their resources but market caps are a fraction of those crazy inflated days.Take noteNite

[timw3] 10/4/2019 22:47

jung but AMC was a complete and utter farce.... carry on no problem.. what goes around comes around... remember that very soon!

[timw3] 10/4/2019 22:45

I think the company issued this game changing news at the end of the day so the press could get hold of it this evening and really understand the significance of this rns. It’s something I thought would never happen but they have done a deal with the general which looked impossible so well done bod of Pfp. The asset was ready to go 8 years ago and back then was seen as world class with an £80m Mcap. Since then the NPV has doubled to over $1 billion and the Mcap is £6m.... transformational news it really is and 5p looks conservative for tomorrow fully expect so big buyers to take positions tomorrow as this will just run and run

[jungmana] 10/4/2019 22:43

Let's just take one example. Amc, they have market cap of about GBP 19m with metal resource value of $21bn. My point is don't use the 2011 crazy market value . Those days were stupid valuation times

[timw3] 10/4/2019 22:42

just so you guys are aware... junkmana and letmepass same people... look at the toop there where they are pumping with false information... both are under investigation apparently...

[letmepass] 10/4/2019 22:38

Dony get caught on the spike in the morning

[timw3] 10/4/2019 22:35

jung all them companies you mention even after they have fallen have a market cap of between £10 -£34m and look to be going no where.

this is valued at £6m and was value at £80m many years ago... 8 years waiting for this news is massive... go back to ramping that dog toop !!

[timw3] 10/4/2019 22:32

This asset is world class.... NO doubt about that, rns from 2011 “The Company's licensed area was originally issued to former subsidiary companies of BHP Billiton, which invested approximately US$29 million in geological exploration, metallurgical testwork and related engineering studies; and in the construction of a site camp, roads, bridges and an airstrip. Between 1996 and 1998 BHP Billiton's subsidiaries drilled and analysed the results of over 3,000 boreholes. Pathfinder Minerals will undertake a confirmatory drilling programme to twin a selection of drill holes to establish the validity of the historic database and to enhance the Company's understanding of the deposit, parts of which had been classified as a Measured Mineral Resource by BHP Billiton. ”

[lukead] 10/4/2019 22:17

Ssrover, the spamming King,

[jungmana] 10/4/2019 22:13

the market in 2011 is not the same as the market in 2019. bem, rrr, cnr, thr , zioc etc etc and lots of other companies have resources with huge npv's and market caps in 2011 of many multiples of todays.
just take note of that

[timw3] 10/4/2019 20:24

Rebs438
Posts: 1,202
Opinion: No Opinion
Price: 2.25
RE: CLARITYToday 21:21Derampers can say whatever they like. LTHs will understand the significance of today's RNS which is a real game changer. Its taken 8 long years and for the first time the light's turned green. The asset is huge with over 1bn, and worth over 300m revenue annually and the current market cap (6m) is utterly and grossly disconnected.

I posted earlier with 270 odd million shares even with an share price of 10p the mcap would be only £27m. Multi bagging right there.

Best thing to do over the next few days is take a position as quick as you can and sit on your hands. Let it run now since the General is now on board;)

[timw3] 10/4/2019 20:18

RICHIEBOY666
Posts: 991
Opinion: No Opinion
Price: 2.25
RE: CLARITYToday 21:12You did indeed Madchatter and it illustrates v starkly the magnitude of the prize at hand.

Do I believe that PFP will be there receiving these revenues at that stage? No. I believe the asset/the co will be sold on long before then.

This is another key line from our post today per here - hxxp://www.alignresearch.co.uk/pathfinder-minerals/pathfinder-minerals-game-changing-news-8-long-yrs-mozambique-licence-return-now-sight/
"We can foresee a scenario in which the company ends up with 30-50% of the asset as a free carry through inviting de facto farm ins. Set against a market cap of just £6m, under almost any scenario this looks woefully out of kilter with a risk weighted adjustment. Of course, Kenmare is the elephant in the room ref their adjacent operations and industry talk is that they need to do a deal in addressing their share price decline. PFP owning the licence outright again would, we posit, be a perfect fit in this scenario and we for one would happily take Kenmare’s paper."

The light bulb will go on in the market tomorrow imo.

[timw3] 10/4/2019 19:54

Mkt cap was £80 million+ before licence dispute so none of those SharePrices are over the top. In fact this has 10p+ written all over it over the coming weeks. Shareholders have waited years 4 this day 2 come & what was very nice was it was intraday RNS so MMs got stuffed with it

[timw3] 10/4/2019 19:46

There seems to be (as there always is) a couple of naysayers/poo-pooers here.

Reality of the matter is per this key para here in our piece - The announcement today details also a placing taken up in large part by ourselves and Directors and that provides adequate corporate costs for at least 6 months to progress to the all important licence return. As per the key para in the RNS – “In parallel, the Board is evaluating, and is in active discussions with regards to, potential funding strategies (including both partnerships and debt provision) to facilitate the Proposed Transaction and finance subsequent development of the Licence. Our focus as a Board is delivery of meaningful value to current shareholders minimising any future dilution.” this sends a clear and unequivocal message to shareholders that the BoD will not be carrying out a material equity raise at this level and is evidenced by the BoD participation in cash and salary conversion at the new base price of 2p together with new options that require a price of 2.5p in order to begin to make money. This is clearly intended to send a strong signal to the market where management see the stock price going.

Also, as per our para here - Management are now looking to close in on the residual 50% interest in the licence and we speculate that a timescale running into early summer is likely with regards to completing the SPA and getting the requisite Mozambique Ministry of Mines approval. This provides adequate time to put in place the most equity accretive purchase and partnership structure with the placing today providing runway into the autumn.

The company has adequate cash for at least 6 months. I fully expect a partner to be brought in at the project level hence the CEO's line - "Our focus as a Board is delivery of meaningful value to current shareholders minimising any future dilution." There is no point doing a deal that hands the spoils to new equity providers. If that was the case/the intent then the BoD most certainly would not have participated in this premium placing,

Stock remains v tightly held and my sense is the market makers were small short into the close. Would not take much more in the way of buyers realising the import of this news to move the stock to the all important 3.7p which is the price at which Africa Focus Grp have capped the company and only beyond which they make money.

Hope the above clears up matters for genuine holders.

[timw3] 10/4/2019 19:43

"the Board is pleased to relay that the principle of a Proposed Transaction has been agreed between Pathfinder and General Jacinto Veloso who, with his family interests, is a 50 per cent shareholder in the entity to which the Licence is currently registered.