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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 2801 to 2819 of 4175 messages
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DateSubjectAuthorDiscuss
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.londonstockexchange.com/exchange/companies-and-advisors/aim/for-companies/nomad-broker-profile.html?nomadBrokerId=312

WH Ireland Limited
www.londonstockexchange.com/exchange/companies-and-advisors/aim/for-companies/nomad-broker-profile.html?nomadBrokerId=101

Hybridan LLP
www.londonstockexchange.com/exchange/companies-and-advisors/aim/for-companies/nomad-broker-profile.html?nomadBrokerId=290

Daniel Stewart & Company Plc
www.londonstockexchange.com/exchange/companies-and-advisors/aim/for-companies/nomad-broker-profile.html?nomadBrokerId=134

Northland Capital Partners
www.londonstockexchange.com/exchange/companies-and-advisors/aim/for-companies/nomad-broker-profile.html?nomadBrokerId=22

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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