Pathfinder Minerals Share Discussion Threads

[tomboyb] 20/1/2021 11:32

Possible seller clearout today -

Peter Taylor buying around 2% on market -

[tomboyb] 20/1/2021 08:31

Peter Taylor now above 3% -

[tomboyb] 20/1/2021 08:21

Pathfinder Minerals Plc Director/PDMR Shareholding
20/01/2021 7:00am
UK Regulatory (RNS & others)

Pathfinder Minerals (LSE:PFP)
Intraday Stock Chart

Wednesday 20 January 2021

Click Here for more Pathfinder Minerals Charts.
TIDMPFP

RNS Number : 2364M

Pathfinder Minerals Plc

20 January 2021

20 January 2021

Pathfinder Minerals Plc

("Pathfinder" or the "Company")

Director/PDMR Shareholding

Pathfinder announces that Peter Taylor, Chief Executive Officer and a director of the Company, acquired, in aggregate, 3,150,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") on 19 January 2021 at an average price of 0.51 pence per Ordinary Share.

As a result, Mr Taylor's total beneficial interest in the Company is now 14,350,000 Ordinary Shares, representing 3.60 per cent of the Company's issued share capital.


1 Details of the person discharging managerial responsibilities / person closely associated
----------------------------------------------------------------------------------------------------------------
a) Name Peter Taylor
------------------------------------------ --------------------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------------------ --------------------------------------------------------------------
b) Initial notification /Amendment Initial announcement
------------------------------------------ --------------------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
----------------------------------------------------------------------------------------------------------------
a) Name Pathfinder Minerals plc
------------------------------------------ --------------------------------------------------------------------
b) LEI 2138009YG6AG3K86TN77
------------------------------------------ --------------------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, Ordinary Shares of 0.1 pence each in Pathfinder Minerals Plc
type of instrument

Identification code GB00BYY0JQ23

b) Nature of the transaction Share purchase
------------------------------------------ --------------------------------------------------------------------
c) Price(s) and volume(s)
--------------------- ----------------------------
Price(s) Volume(s)
--------------------- ----------------------------
0.4780p 1,000,000
0.4799p 500,000
0.4990p 500,000
0.5000p 150,000
0.5500p 1,000,000
--------------------- ----------------------------

d) Aggregated information

- Aggregated volume 3,150,000

- Price 0.51 pence per Ordinary share

e) Date of the transaction 19 January 2021
------------------------------------------ --------------------------------------------------------------------
f) Place of the transaction London Stock Exchange
------------------------------------------ --------------------------------------------------------------------

Enquiries:

Pathfinder Minerals Plc

Peter Taylor, Chief Executive Officer

Tel. [phone]

Strand Hanson Limited (Nominated & Financial Adviser)

James Spinney / Ritchie Balmer / Jack Botros

Tel. [phone]

Vigo Communications (Public Relations)

Ben Simons / Simon Woods

Tel. [phone]

Email. [e-mail]

Novum Securities Limited (Broker)

Colin Rowbury / Jon Belliss

[xawested] 06/1/2021 12:53

This is a dead horse IMHO . Better putting your money on 29 Black and spin :)

[induna123] 30/12/2020 13:54

Is this a cynical attempt to get a placing out?

[freezer1976] 30/12/2020 07:28

CEO bought 4 million more shares

[panadin] 15/12/2020 13:29

Steel: I will pass on justifying share price as I have long since given up on the idea of fair valuation in these small aim companies. Just pointing our that someone had the confidence to pay 12k for shares that you feel are worth between 750 and 1,500.

[steelr66] 15/12/2020 12:14

Dear Panadin, yes absolutely, this buyer clearly has a different view of valuation. I'm just struggling to see any value here that justifies a market cap of £1.6m. No liquidation value, no earnings etc. The only potential asset is a potential claim for a cost award of circa £1m that is to be sold to a claim specialist. This might be worth £100k to £200k in cash (10%-20% of recovery), which would be consumed by the ongoing admin cost of PFP. Beyond that as at today PFP has nothing. How is it worth a market cap of £1.6m?

[panadin] 15/12/2020 11:59

Steel; Someone who paid 12k to pick up 3mill shares today takes a different view; guess thats what makes a market.

[steelr66] 15/12/2020 11:16

"Mankind is in the habit of paying more for the chance of a gain than the chance is actually worth" - Adam Smith. If ever there was an example of this, it is PFP. A market cap of £1.6m with no assets on the balance sheet except the potential sale of a potential legal claim. IMHO the bod would be better advised to try & monetise PFP's tax losses, which in itself is quite complex. 0.4p per share is a remarkably good price for the lucky vendor. This company is worth no more than the cost of a listing ie £250k, which is 0.06p per share. Would be very interesting to hear why this valuation is wrong.

[steelr66] 15/12/2020 11:15

"Mankind is in the habit of paying more for the chance of a gain than the chance is actually worth" - Adam Smith. If ever there was an example of this, it is PFP. A market cap of £1.6m with no assets on the balance sheet except the potential sale of a potential legal claim. IMHO the bod would be better advised to try & monetise PFP's tax losses, which in itself is quite complex. 0.4p per share is a remarkably good price for the lucky vendor. This company is worth no more than the cost of a listing ie £250k, which is 0.06p per share. Would be very interesting to hear why this valuation is wrong.

[lady_g] 15/12/2020 08:23

3million down at 40. Ouch.

[induna123] 11/12/2020 08:04

The Company has become aware that the title holder for mining concession 4623C (with which mining concession 760C was amalgamated in 2011) (the "Licence"), as specified on the Mozambique Mining Cadastre Portal, has now changed from Pathfinder Moçambique S.A. to TZM Resources S.A. ("TZM"). TZM has no connection to the Company. All other details relating to the Licence on the cadastre remain unchanged.


I'm sure TZM Resources are saying the same thing! They have no connection to Pathfinder Minerals.

[lady_g] 11/11/2020 09:01

Last one out turn off the lights....... I think we might be missing a few TR1's, but hey, who cares about silly regulatory rules. I took my hit here and will wait on more detail from the board before taking a very long term view. No point in being a rabbit caught in the head lights.

[lady_g] 02/11/2020 17:21

According to a Google search, international lawyers say Bylateral Investment Treaty claims take 4 years on average, costs are circa $7mil and claimants win 43% of cases. Hmmmm, can't wait to hear more detail on this plan in today's RNS. Dilution going to be a killer and even then a less than evens chance of success. Come on Bod, we need more detail.

[lady_g] 02/11/2020 14:06

or he sold to the chinese like his partner cavaco did so is out of the picture...... if that is the case, the chinese won't care two hoots about a little UK company that had a claim on the licences 9 years ago and has been proven not to by the supreme court in moz.

[eblitz1] 02/11/2020 13:36

Lady G
You may be correct but the other point of view is that the General can't do anything either

[lady_g] 02/11/2020 08:11

eblitz1, do you honestly think the Pathfinder issue has been kept quiet for these past 9 years? Do you honesty think the major gas companies will not go ahead with their muti billion investments (exploitation) of Mozambique gas reserves because of pathfinder? The highest courts in Moz found against Pathfinder. As far as they are concerned due process has been completed. The subject is closed. Our onlt hope was a settlement with Veloso and for years every RNS has gushed about how well that is coming along.

[eblitz1] 02/11/2020 08:03

Hi All
Do you really think that the Government of Mozambique want the world to know that you can't invest in their country.

[ohisay] 02/11/2020 07:50

End of story .I see Align have a pump piece out saying this is good news.
It isn't.

[mdchand] 02/11/2020 07:49

Unfortunately, I have to agree Lady G - bearing in mind they released an RNS on the 7th October stating the following'

Dennis Edmonds, Chairman of Pathfinder, commented:

"The exercise of these warrants, at what is the current market price, coupled with the positions recently taken by the Chief Executive Officer, Non-Executive Director and a major shareholder, is testament to the confidence that exists within the Pathfinder Board of achieving a resolution to the licence dispute over Mining Concession 4623C in Mozambique. We look forward to updating the market in the near future."

It looks like the recent share price rise was engineered to allow 'friends and family' to exit. Litigation is purely a mechanism to transfer wealth to lawyers. Was there ever a negotiated position here, or have various parties simply strung them along for little 'one off' fees.

Will be interesting to see what Align say to this RNS.

[lady_g] 02/11/2020 07:38

Time to turn off the lights. Firstly they admit no chance of any settlement with Veloso or the Chinese.niw they are going down the bilateral investment treaty route which if successful will take 5 or more years. Finding that litigation will wipe these shares out. Dilution to keep the lights on and pay the lawyers is going to kill all our hopes of a pay day here. Just about the worst RNS they have ever put out. Sorry everybody. I'll take my hit.