Pathfinder Minerals Share Discussion Threads

[kemche] 11/9/2023 16:49

Pharmacal picking up all the cheap shares.

[lookingforhelp] 05/9/2023 21:34

Run by a bloke looking for a retirement gig. I'm sure he could use some of that cash for his trips to Africa...he looks like the sort that would enjoy what's potentially on offer down there.

[lady_g] 04/9/2023 09:23

Cash shell with £1million cash and £18million in brought forward tax losses isn't very little. It's a huge juicy fruit ready to be picked.

[bbm_144] 04/9/2023 09:18

I guess until we get news of RTO this is worth very little ! GLA

[outspan] 01/9/2023 13:44

Agree but, just to be clear, the moz claim isn't being moved to a new company, the misappropriated licence was always within IMM, a 100% owned subsidiary of PFP. It is IMM that is being sold, leaving only existing shareholders ahead of the Record Date with entitlement to any settlement of the massive claim and leaving the listed PFP as a clean shell with £1m and mega tax losses under new executive management, ripe for new assets and a new future via an RTO.

In my view, the new executive does not remotely resemble some sort of city stooge doing the rounds. Rather, I think he has been appointed with a purpose and I believe he is already well in the picture as to where this story is headed via RTO very soon.

[apfindley] 01/9/2023 10:49

Whatever happens next though, today is the last chance for investors to buy a ticket to get locked into the claim process.So if you've got a few hundred that you won't miss, it may be worth a gamble on an outcome of:-1)zero, 2)30mill, 3)30m-to-375m

[apfindley] 01/9/2023 10:42

The basic jist I understand, is the moz claim is being moved to a new company, so it doesn't effect PFP going forward, allowing pathfinder to finally move on.The shareholder entitlement for the claim is being passed on to the new preference shares, 1:1, which everyone on the register on 4th Sept (monday) will be entitled to receive. That part of business now will just sit there and wait for the claim outcome..Back to pathfinder, we will still hold our PFP shares, but it sounds like to make a clean break and move forward and pursue new opportunities, they will likely change name or do an rto. Maybe they will sit there as a shell and the listing will allow another company to rto into pfp and bring with it an asset, or pfp will hunt their own to explore. But I think the best route will be something already on the cusp of producing, rather than waste years exploring. Beyond that, I think a name change is inevitable within 6mo.

[freezer1976] 01/9/2023 10:07

Could somebody please explain to me like I am 10 years old how existing shareholders would benefit from an RTO ?

[officerdigby] 01/9/2023 09:37

Ok thanks guys.. I haven't been keeping up with the story clearly! I remember the General and the diamonds!.. But why would they do that to the company? Why not keep some more cash for the shell.?Can only be for clear corporate seperation.. I guess they don't want the waiting for payout (might take years right?) to get in the way of new business...Any more DMRFM'ers about.

[lady_g] 01/9/2023 09:30

Of course, rather than just selling your PFP shares when they go ex on Monday, DYOR, but if you hold on to them after receiving the free Pref Shares, PFP is expected to do an RTO very shortly. So there is a further potentially huge payday for shareholders. The gift that keeps on giving..... GLA

[outspan] 01/9/2023 09:20

Only those entitled to the bonus pref shares will benefit from the proceeds of any successful claim.

I agree with Lady_g, time to benefit runs out today in my opinion.

[lady_g] 01/9/2023 09:08

DYOR, but in my opinion, all holders of PFP shares on the Record Date will be allocated 1 for 1 Pref Shares. The Pref Shares are paid out with any legal recovery by Acumen who are now taking action against Mozambique. The pay out for Pref Share owners is absolutely huge. Approx. math as I see it - if PFP just get the agreed minimum $30 million then each Pref Share gets around £0.0374 or circa 5.8x current share price! IF PFP gets the max recovery then that shoots up to £0.4678 per Pref Share or circa 73x current share price.

IMHO today is the last day you can buy PFP shares in order to receive any Pref Share allocation. they go ex on Monday.

[officerdigby] 01/9/2023 08:45

What's the point of the bonus shares other than to lock-in a potential future divi of some sort and trade out?.I don't get it.If you buy some shares later on they won't be entitled to bonus shares, but those holders would still get to benefit of any payout just because they are holding.. right?

[outspan] 30/8/2023 12:39

"They" are no longer the same "they". As such, rather harsh!

[lady_g] 30/8/2023 12:27

The board have not even bothered to update shareholders. Just arrogance. What a complete shambles they are.

[freezer1976] 30/8/2023 11:42

So is tomorrow the report day? Can anybody please advise.

[lady_g] 21/8/2023 12:23

RNS 16th August " It is anticipated that the "Record Date" will be announced in due course by the Company. However, it is expected that the Record Date will be no later than 31 August 2023."

[freezer1976] 21/8/2023 12:13

Thanks. Where can I find the official update stating the record date in about 10 days ?

[outspan] 21/8/2023 09:37

The new executive geologist isn't a coincidence. Worth a good look at. DYOR

[bbm_144] 21/8/2023 09:15

So any ideas / thoughts on where this now may be heading? Obviously the action against Moq govt could take several years, but thinking more of RTO - I'm sure there must be plans in the pipeline. GLA :)

[outspan] 18/8/2023 16:54

Well, worth noting sale was also completed today and £1m received. Don't think that was on the agenda for today so a bit of unPFP-like speed is now suggested.

Then again, this is no longer PFP as was previously known - historical claim rights to be allocated to a new SPV, Record Date for a share in those rights still approx 10 days off, leaving totally clean shell, debt-free, £1m cash, £17-18m in tax losses, new executive management as of Wed (looks a really good guy) - Chairman, new assets and new name awaited.....

[bbm_144] 18/8/2023 16:38

So, GM done & dusted. Let's wait and see what happens now.

[lady_g] 17/8/2023 14:46

I am so glad I topped up at 0.31. That's already up 100% in exactly one month :)

[bbm_144] 17/8/2023 14:36

Maybe some interesting times ahead ! GLA

[outspan] 15/8/2023 13:24

Can't say what's best for anyone else but, after reading between the lines and noting the intentions of the largest shareholder at the GM, I'm going for your option 4 myself.

With CEO set to depart concurrent with the GM, to me, it's looking like we'll see a new Board and a new project to reverse into and, if the Resolutions are any sort of indicator, it looks to be of some scale.