Pathfinder Minerals Share Discussion Threads

[the stigologist] 26/2/2018 09:37

To make a complete Horlicks of it

[lady_g] 26/2/2018 09:29

Rumour has it he is bringing in Tim Horlick as the new CEO. LOL hahahahahahaha.

[uen_investor2] 26/2/2018 08:46

Dont miss UEN. They are already asking the full amount again to be filled

At 13m quid its hard to see a downside.

3 - 4 million shares available to the market. This on its own means there is very little available for large chunks. No warrants, no dilution

This will keep rising,

Here is why.

This ticks every box:
Excellent revenue.
Rejected takeover at 250p per share
Debt wiped shortly
Dividend. (5p per share paid in November)
Proved reserves.
2200 bopd production.
Bod have plenty of skin in the game.
Cpr due.
Drilling underway on high cos prospect.
Very small free float of shares.
Few shares in issue.
Well underpinned at a mcap far exceeding what we're currently at.
Exponential upside.
Not on the radar....YET!
Fabulous entry point
Own their own refinery - 30 million US conservative valuation on its own
UEN oil sold at a PREMIUM to brent


Worth reading this over and over again..

hxxp://www.uralsenergy.com/archive/presentations/Urals_Inv_Presentation_20_11_2017.pdf?v=231117

Urals remains one of the highest ranked E&P companies (4th) on the AIM market by 2P Reserves
Russian 2P Reserves volumes dominate the AIM E&P sector and continue to trade at a significant discount
to the market average
Urals generates more operating cash flow per barrel produced than its AIM listed peers
Urals 2P Reserves trade at a discount to the market and its regional Russian and FSU peer groups
Urals have continued to outperform its Russian peer group during 2017

[ohisay] 26/2/2018 07:25

The Company received on 23 February 2018 a communication from a representative of General Jacinto Veloso, in consequence of which the Company is informed that currently there is no ongoing settlement negotiation for the return of the Licences.

Well that should go down well this morning..some new blood needed here for sure.

[the stigologist] 21/2/2018 14:18

Because the resource is World Class and worth £100m+ if run by a decent CEO

Even managed by a monkey it's worth considerably more than current price IMO

As Warren Buffet says, if you're a long term buy and hold shareholder only own shares in Companies which can be run by monkeys because at some point they will be

[ohisay] 21/2/2018 14:12

Hard not to see its personal ...

[lady_g] 21/2/2018 08:11

Looks like an RNS update to shut Align up who were throwing their toys out of the pram, even though there was no update to announce. Well Richard you got what you moaned for. Enjoy.

[the stigologist] 21/2/2018 07:22

Was expecting a 'General Veloso told us to eff off' at the end of that

[spectoacc] 16/2/2018 08:16

@richie666 - still waiting for you to pay up for your side of the bet on GRIT. Have you no shame?


richie66619 Apr '17 - 18:09 - 172 of 195

Spec. I got a new bet for u. 5k on my part v 1k on yours that GRIT 20p before Dec 15. 5:1 in your favour.
Deal?

SpectoAcc20 Apr '17 - 11:29 - 173 of 195

Sure, superseding previous bet. £5k from you to BTRS if GRIT don't trade at 20p before Dec 15th this year; if they do, I give £1k to Brooke.

richie66620 Apr '17 - 18:10 - 174 of 195

Spec. Dealt!

[steelr66] 14/2/2018 22:02

With all respect to Mr Jennings, there is no deal with General Veloso. The time for this negotiation has long passed, mostly as a consequence of Nick Trew's ego and lack of integrity. The LSE will be informed next week of material non disclosure whilst the BOD were raising money via the allotment of shares. Pathfinder Minerals PLC is dead.

[euclid5] 14/2/2018 21:13

PATHFINDER MINERALS – WHY IT’S TIME TO BRING NICK TREW’S STEWARDSHIP TO A CLOSE
February 11, 2018 | Posted by admin

By Richard Jennings

I make the opening remark that I am a slightly less than 4% holder of Pathfinder Minerals through my own holding and via Align and thus my sole interest is in the accretion of value to all PFP shareholders (which by extension includes current CEO Nick Trew).

That I believe there is meaningful value in PFP is apparent per HERE and given the appreciation we have seen in the price of ilmenite over the last 24 months I believe that the time is NOW to do a deal.

It is almost 5 months now since the BoD released this statement – “Also as previously announced, Pathfinder continues to seek an alternative resolution which does not rely on the courts. The Company is pleased to report encouraging progress on this strategy. The Company’s regional representative is leading discussions on the Company’s behalf with the two principal parties to a would-be resolution: the Mozambique Government and Jacinto Veloso (the Company’s former local partner into whose control the Licences were transferred).

While the content of such discussions is sensitive, Pathfinder is pleased to report that it is currently preparing with its legal counsel the framework of an agreement with Jacinto Veloso that would, if successful, result in the restoration of the Licences to Pathfinder’s control.”

Since this encouraging announcement there has been effectively radio silence, barring a modest equity raise in Dec. Either the framework proposal is dead (in which case the BoD should announce to the market this material event) or it is live and an update is due.

My own brief discussion with Trew in early Dec last year at the time of the equity raise was pretty curt and that was due to 2 reasons – one, I and others would have in fact put money into the company at a premium to the then equity raise (and avoided bolstering the bank balance of the decimator of minorities that is Beaufort Securities) and so I believed he was acting in contrast to his fiduciary duty in raising money at a lower level and two, Trew should simply get the deal done now and not miss the cycle in commodities and ilmenite in particular and that has moved in PFP’s favour.

Wheels are now in motion here to present a fait accompli to the current CEO Trew with other material shareholders re an EGM request to replace him. What we understand from conversations with sources close to the company is that the principal hindrance to the closure of the framework deal with Veloso is in fact the toxic basis of the relationship between Trew and Veloso.

This farce has gone on for way too long now, too much of the capital raised by our old friends Beaufort has gone into the BoD’s pocket (and theirs) and the lawyers and not applied to finally resolving this impasse and moving this world class project forward for all PFP shareholders. We intend to catalyse what Trew has been in capable of doing for several years now.

In the weeks ahead we will present an EGM requisition to the Board with a replacement CEO and a clear plan to, hopefully, finally receive back our licences and move this company forward. If you are a shareholder and would like to pledge your support to this please email us at [e-mail] with your shareholding and contact details.

hxxp://www.alignresearch.co.uk/pathfinder-minerals/pathfinder-minerals-time-bring-nick-trews-stewardship-close/

[brad44] 14/2/2018 21:09

stig are you still in this share? whats going on?

[steelr66] 14/2/2018 16:38

There is no deal with the General, nor any negotiation. The market in this stock is false, and is about to be reported to the LSE. Publication of a very stark letter (signed by the General) to Nick Trew will be reported next week. Nick Trew has misled the market to raise money from optimistic investors in this sorry story.

[lady_g] 14/2/2018 12:21

According to LSE blog he didn't just buy all the way up to 2p, he took out a material spread Bet too. Ouch, that has got to hurt :)

[richie666] 12/2/2018 07:25

It is time for action guys -