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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 |
Date | Subject | Author | Discuss |
---|---|---|---|
14/6/2017 10:53 | Another placing due here 1st of July.Anyone any info on the proceedings etc? | scyther | |
25/5/2017 10:44 | If these companies (all or some) are behind any AIM listed company, people should look at the dilution history of that company, in general they may find dilution - consolidation - dilution pattern, no matter how good the company, if you are going to keep getting diluted to keep a company afloat, what's the point, It's you who are feeding money to them, source of income is shareholders. Cairn Financial Advisers LLP www.londonstockexcha WH Ireland Limited www.londonstockexcha Hybridan LLP www.londonstockexcha Daniel Stewart & Company Plc www.londonstockexcha Northland Capital Partners www.londonstockexcha Do go back and check those penny stocks that you may have been diluted out in the past, were these companies all or some may be behind those companies too? | galashiels | |
05/5/2017 08:52 | Worth picking up at around this share price area, in my opinion.....anywhere in the 0.8's. f | fillipe | |
03/5/2017 14:15 | Pathfinder risked NAV Our Pathfinder valuation starts with a £20m valuation for Naburi/Moebase to which we attribute a 25% risk factor for the legal decision in Mozambique and a 56% dilution factor for the cost of G&A and further technical work. This delivers a $4.7m (£3.8m) valuation and 2.7p target price. If the Mozambican Supreme Court decision rules in Pathfinder’s favour, it would result in an $11.0m valuation (£8.8m) and 6.0p target price. | h2owater | |
03/5/2017 14:07 | 25 November 2016 Will justice soon be done?... probably Speculative Buy The Pathfinder story started with the 2009 acquisition of the Naburi mineral sands mining lease in Mozambique. It then acquired the neighbouring Moebase exploration licence, an ex-BHP Billiton property which had had $29m spent on it. Together these licences contain upwards of 2Bt of minerals sands resources grading c 3.5%, with patches over 9% i.e. a world class property and opportunity. Unfortunately, it all turned sour when the local partners (and Naburi vendors) conspired to expropriate both licences in 2011. Ever since, Pathfinder’s management has been fighting its case in the English and Mozambican courts. The English High Court has ruled that the Mozambican Vendors have no case to assert that Pathfinder never validly owned the licence-holding subsidiary from which the assets were expropriated. The next step is for the Mozambique Supreme Court to accept this ruling, although timing is uncertain. Any positive developments in the Mozambican court should increase the likelihood of Pathfinder having its licenses returned. It should also result in Pathfinder shares responding very positively. Pathfinder sells vendor shares In a recent announcement, Pathfinder Minerals Plc reported it had sold Pathfinder shares owned by a Mr Cavaco (one of the Vendors) with the authority of the English High Court. This small event raises a little working capital for the company but more importantly reflects the legal progress Pathfinder has made in the U.K. English High Court – rules in favour of Pathfinder Minerals The most recent hearing at the High Court in London awarded Pathfinder £1.1m in legal costs and Lady Justice Gloster, Lord Justice Leveson and Lord Justice Beatson noted that the Mozambican partner's subsequent appeal was "wholly devoid of merit" whilst upholding the High Court ruling in Pathfinder’s favour. Potential value of asset Although much has happened in the industry since the expropriation in 2011 (some good, some not), the licences have considerable value. Even using a conservative valuation methodology, we believe the land package is worth a multiple of Pathfinder's current market cap. At its height, the stock was worth £85m and the last major institutional placing (£11m in July 2011) was done at a £50m valuation post-money or 50p per share. This followed the mining ministry’s granting of a full concession licence on the Moebase acquisition. Shares currently trade at 0.07p, for a c.£1.0m market cap. Recommendation Buying Pathfinder shares is not without risk, and relies on decisions of the Mozambican Supreme Court and Ministry of Mines. However, over the last 5 years the pressure has been building and we believe it will be remarkable if justice isn't ultimately achieved. We recommend a Speculative Buy and 2.7p target price, although we caution that this is a high risk, largely binary trade, and dependent on the Mozambican judiciary. | h2owater | |
03/5/2017 12:14 | PFPAlthough much has happened in the industry since the expropriation in 2011 (some good, some not), the licences have considerable value. Even using a conservative valuation methodology, we believe the land package is worth a multiple of Pathfinder's current market cap. At its height, the stock was worth £85m and the last major institutional placing (£11m in July 2011) was done at a £50m valuation post-money or 50p per share. This followed the mining ministry's granting of a full concession licence on the Moebase acquisition. Shares currently trade at 0.07p, for a c.£1.0m market cap. Buying Pathfinder shares is not without risk, and relies on decisions of the Mozambican Supreme Court and Ministry of Mines. However, over the last 5 years the pressure has been building and we believe it will be remarkable if justice isn't ultimately achieved. We recommend a Speculative Buy and 2.7p target price, although we caution that this is a high risk, largely binary trade, and dependent on the Mozambican judiciary. | h2owater | |
03/5/2017 08:25 | Ramped.. There is only you and me here and 10 posts on lse.. Haha what a tool | letmepass | |
03/5/2017 08:22 | Apf trying to buy as per usual | letmepass | |
03/5/2017 08:22 | In Sept 2015 there was a capital reorganisation which took the shares from 1 billion in issue, down to 100million in issue. That 100m shares has now grown to nearly 200million shares via equity issuing. This is being ramped...... beware of the void which will appear when the Pumpers exit. The spread will be wide and you wont be able to sell. BEWARE.... | apfindley | |
03/5/2017 08:16 | Lots of big buys flowing.. About to blow | letmepass | |
03/5/2017 08:15 | June 2016"It is impossible to predict what the outcome will be from the Supreme Court and, whatever it is, the Company may still seek to recover its assets or seek compensation for its loss through other judicial processes."One year later.... No progress And that is just for a court case.... The arbitration IF it ever happens has not even started yet. The company continues to raise capital every few months. By the time this reaches any conclusions, you would be diluted Into nothing. Death spiral......... . | apfindley | |
03/5/2017 08:09 | I repeat they are NOT even anywhere near arbitration stage yet. And they even seem unsure what their plans are if they do win the next hearing. | apfindley | |
03/5/2017 08:07 | If it's news then 5p easy.. But agree apf need funding | letmepass | |
03/5/2017 07:58 | Leak Mozambique news | letmepass | |
21/4/2017 13:19 | Anyone have any idea on timescales here at all? | scyther | |
03/3/2017 00:40 | Opportunist cash raise into a rising share price. Wonder were the interest in this stock came from all of a sudden? Whilst the jury is out, it clearly suits the professionals on fees "costs' to keep PFP alive and raising money to pay them. Mugs game | steelr66 | |
02/3/2017 16:18 | Looking like yet another false start here again. Really thought the court recess would have garnered a final judgement when the court opened again 1st March - not looking like that now. Very frustrating plus we get rewarded with yet another cash raise and dilution. Still, keep the faith I guess. | lady_g | |
01/3/2017 15:36 | Boom boom, Falia. | thehitman1 | |
01/3/2017 14:45 | Well that was entirely expected! Typical AIM | banksy |
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