Pathfinder Minerals Share Discussion Threads

[induna123] 03/1/2020 14:55

They'll be dumping them later today when they realise the share price is going nowhere fast.

Looking for "other opportunities" means "funding" means "debt" means "dilution".

[the stigologist] 03/1/2020 14:30

Odd lot traders. Always a bad sign.

So dense they even identify themselves as being naive retail punters.

StockSTracker 3 Jan '20 - 12:04 - 3431 of 3437

took another 541k lovely

[stevie050] 03/1/2020 13:51

So looks like the BoD have achieved absolutely zero. Another AIM dead duck.

[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 14:12

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 09:28

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

[lady_g] 11/10/2019 09:23

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