Pathfinder Minerals Share Discussion Threads

[dplewis1] 03/1/2020 13:10

It's not a bash, your record speaks for itself. You're a failed investor..give it up you clown!

[lady_g] 03/1/2020 11:50

How on earth is the CEO still paying himself a salary? Total failure.

[dave4545] 03/1/2020 11:45

Cappick strikes again !

[aimshares] 03/1/2020 11:32

RNS out extension for further 3 months

[serialinvestor1] 03/1/2020 06:16

A REMINDER OF WHAT IS AT STAKE...

• Mining Concession 4623C contains the Moebase and Naburi heavy mineral sands deposits. These are spread across 32,000 hectares of land (in Zambezia Province of Mozambique) and contain the much sought-after ilmenite, rutile and zircon minerals.

• Revised scoping study of Mining Concession 4623C by 2M Mineral Services Ltd in 2019 assigned a pre-tax net present value of £791m (US$1.05 billion) with projected annual revenues of £244m (US$323m) over a mine life of 30 years.

• On 03 June 2019, the BOD advised the market that, should any of the ongoing discussions conclude positively, the effect on the business would likely be transformational.

• On 03 June 2019, the BOD appointed a new CEO; City heavyweight, and former Bidstack director, John Taylor. A former blue beret (Lieutenant Colonel of the AAC; the combat aviation arm of the British Army), JT was tasked with spearheading negotiations with fellow military strongman General Jacinto Veloso with the aim of delivering a conclusive deal by the year-end.

• On 26 June 2019, the BOD advised the market that, Align Research and related party R S & C A Jennings, had built-up a significant stake in the company (28,500,000 shares: 9.1%).

• On 02 August 2019, the BOD appointed a new director; the heavy-hitting, hugely successful, southern African corporate lawyer, and former head honcho of the South America-focussed Alien Metals, Dennis Edmonds.

• On 24 October 2019, the BOD advised the market that, having reached an agreement in principle on a proposed transaction between Pathfinder and General Jacinto Veloso, the company was able to confirm that positive dialogue was now taking place with ALL the shareholders of Pathfinder Moçambique S.A.

• On 24 October 2019, the BOD advised the market that, it had found a preferred funding partner with which it was now in detailed discussions over the financing and structure of a proposed transaction. The BOD went on to advise that, the partner was both well-funded and experienced in mining opportunities in southern Africa.

• Finally, on 24 October 2019, the BOD advised the market that it had extended the engagement of AFG, pursuant to the terms announced on 11 February 2019, until 31 December 2019.


VERDICT

It’s abundantly clear, substantive progress is being made by the BOD and AFG to bring this to a meaningful conclusion. And the absence of any progress update, pre the 31 December 2019 deadline, bodes well for a positive outcome. Of course, it goes without saying, the upside reflected in the stock, should Veloso and co. ink a deal with the company, is nothing short of obscene.

ATB.

[stevie050] 21/11/2019 19:53

Been dire here since the last pump & dump a few months ago.....

[stevie050] 24/10/2019 13:12

Corporate update...... sounds positive, but could just be waffle for all I know (which is very little), fingers crossed for positive outcome.

[eblitz1] 11/10/2019 08:28

There are in fact 3 sides to a story your side their side and the truth

[lady_g] 11/10/2019 08:23

Yes, you are of course correct. There are always two sides to any story.

[richie666] 11/10/2019 08:09

Lady G. U should appraise yourself of facts first before believing 1 side to a story.Thank u Rhodri for your kind words.

[lady_g] 09/10/2019 17:54

Hello Rhodri (Steelr66), you are missing the point dear.

[steelr66] 09/10/2019 12:05

Actually Richard Jennings has & is a great supporter of PFP. If it wasn't for his 'activism' PFP could very well have disappeared several months ago. PFP shareholders should be grateful for Richard's involvement. PFP is an extremely messy situation, but fingers firmly crossed, help might just be on the doorstep. All shareholders in PFP should be grateful that Richard Jennings is on the shareholder register with a significant holding.

[lady_g] 09/10/2019 11:29

Looks like a post on LSE has just called out Richard Jennings at Align for walking away from a bet on Pathfinder Minerals share price. Makes him look like a complete con man - "he’s prepared to cheat his way out of a simple £1000 bet I dread to think what else he’s quite happy to do. Very sad that clearly £1000 means so much to him". I make no judgement, but Oh Dear Richard!!

[eblitz1] 01/10/2019 16:39

Hi Daniel
Tell me about it, got in here at a mad passionate moment and regret it
however, you never know