Pathfinder Minerals Share Discussion Threads

[euclid5] 24/10/2017 15:45

They raised £200k twice in March & Sept 2017, plus £150k in Dec 2016 to help with recoverimg their license

[lady_g] 24/10/2017 15:44

euclid5, they already raised cash after the 30th June accounts - £212,500 21st September, so no need to raise more surely? DYOR

[euclid5] 24/10/2017 15:39

cash as at 30 June 2017 £51,000 - so may need to raise

[panadin] 24/10/2017 15:38

Stig; Isn't your support of the General contradictory to the interests of shareholders here? Had it worked out for both of you and the General won, pfp would be toast. U.K. courts after weighing up all the evidence came to a different conclusion and this is the only reason that we are limping along towards a hopefully agreed solution.

[panadin] 24/10/2017 15:38

Stig; Isn't your support of the General contradictory to the interests of shareholders here? Had it worked out for both of you and the General won, pfp would be toast. U.K. courts after weighing up all the evidence came to a different conclusion and this is the only reason that we are limping along towards a hopefully agreed solution.

[induna123] 24/10/2017 14:57

I've been saying this for a while now, the best outcome for both parties is to work together for a solution. This stalemate has gone on long enough. The general isn't getting any younger, just work out a compromise and move on.

This is a pure punt, as with any stock of this type but most folks who use this site are gamblers anyway.

Possible 10 bagger if it comes off. You gotta be in it to win it.

[the stigologist] 24/10/2017 14:21

I've always been on the General's side in this so if he comes on board it's v.v.good news

He has not blogged negatively for 18 months...

pathfinderminerals.blogspot.co.uk

[colin12345678] 24/10/2017 14:06

is the real deal what evidence is there of the general coming on board

[letmepass] 24/10/2017 13:59

Expect equity funding

[the stigologist] 24/10/2017 13:55

Nice one Lady G

For reference the NPV figures from old Scoping Study

[lady_g] 24/10/2017 13:27

At current prices, that NPV is way over 1.3 billion. and I think we are looking at over $400 mil per annum gross revenue when in operation. Tough to get real HMS prices. I got these a few days ago: Ilmenite 270, Rutile 900, Zircon 1,350. Do your own calculations. Don't think I'm far off the mark.

So where do you level the mkt cap here then? £20mil, £70mil, £150mil....that's a tough call, but it sure isn't £2.8mil which is today's level. GLA

[the stigologist] 24/10/2017 13:24

Thanks Dan

you ain't seen nuffink yet

[danieldanrichardson] 24/10/2017 13:21

Some quality ramping going on here today

[qs99] 24/10/2017 13:11

so what price if deal done?

[the stigologist] 24/10/2017 13:08

The last scoping study NPV figure I can find is $500m

£2m Market Cap vs potential $500m NPV and I guess that NPV was done when prices for ilmenite etc much lower than today

[recordz] 24/10/2017 12:57

It's all about if you want to take the risk here, on the outcome.

[bigalan3] 24/10/2017 12:33

1 code - RNS - if you believe it.

[herschel k] 24/10/2017 12:31

I've taken a punt here solely based on the current mkt cap.

A very small punt.

[the stigologist] 24/10/2017 12:29

"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."

[the stigologist] 24/10/2017 12:28

"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."

[qs99] 24/10/2017 12:27

deal in the offing? Suddenly perked up on leader board?

[the stigologist] 24/10/2017 12:12

At 600p the Market Cap here would be £1bn which seems about right for a 'World Class' asset

[the stigologist] 24/10/2017 12:11

crazy chart

[tomboyb] 24/10/2017 12:05

was a 6p target in they received the licence from the last broker note -

that is off the top so dyor -

[marbles1234] 24/10/2017 10:59

This is getting interesting ! Multi bag potential with limited short term down risk, PFP will keep fighting until we get the licence back IMO. The stakes are too high to give up so at some point the licence will come back and its looking like it could be very soon. GLA and IMO etc.......