Pathfinder Minerals Share Discussion Threads

[ihavenoclue] 16/12/2014 07:44

Kman ...and your thoughts are based on what ? Absolute twaddle. Never seen a rise like this drop almost 50% then rise to be a blue day.Best stick to facts and not what voices in your head are saying.On a rise like yesterday it is much more likely to have a gap higher and then a continuing rise.

[kman5001] 15/12/2014 22:59

Expecting a slight retrace on open but as long as its not walked down to far (0.8/0.9p range) then it should be a big blue day

[h2owater] 15/12/2014 19:10

No wonder share price is moving north so quickly!!

[h2owater] 15/12/2014 19:09

From 2011


PFP is back!



Pathfinder Minerals - Initiating coverage with a recommendation of Speculative Buy at 8p with a 13.9p target price
1403 Days ago (2011-02-11 11:53:39)Print this Article


11th February 2011

Analyst: Dr Michael Green
Email: [e-mail]
Tel: [phone]



Pathfinder Minerals - Initiating coverage with a recommendation of Speculative Buy at 8p with a 13.9p target price



Key Data
EPIC

PFP
Share Price

8p
Spread

7.75p - 8.25p
Total no of Shares

809,406,498
Market Cap

£64.75 million
12 Month Range

5.375p - 9.25p
Market

AIM
Website

www.pathfinderplc.couk

Sector

Mining
Contact

Nick Trew - 07774 168688


Pathfinder Minerals (Pathfinder) has emerged as the owner of a titanium dioxide exploration project in Mozambique that may shape up to be comparable to the nearby Moma Mine which is owned by Kenmare Resources (Kenmare). It has been the appreciation of the true potential of the Moma Mine which has served to propel Kenmare' market capitalisation to over £980 million level which has catapulted the stock into the FTSE 250 index. It certainly seems that the market is waking up to an increasing shortage of titanium feedstocks from 2012, which has been highlighted by a number within the industry as well as Kenmare which is in the midst of a 50% increase in production to help meet this perceived shortfall.

IM Minerals (IM) has reversed into Pathfinder in an all-share deal worth £34 million. By this deal, the Company has gained an almost 100% stake in the Naburi and Moebase licences covering land near the coastline in the north of Mozambique, which lies just 50 kilometres away from Kenmare's Moma Mine. A full feasibility study which includes the environmental assessment was completed in 1998 by Billiton, which focused on the production of a chloride grade titanium slag formed from the ilmenite; with iron being sold as a co-product from the slag with both ilmenite and rutile sold as mineral concentrates. This structure of project was judged to be uneconomic at the time and the project was placed on care and maintenance by BHP Billiton in 2004. Since that time there has been no further exploration effort until IM acquired the Moebase and Naburi licences; but Pathfinder will be able to benefit from the $27 million that BHP Billiton spent on this project.

Since those days the fundamentals of the titanium dioxide market seemed to have improved substantially for this white pigment that finds its way into paint, coatings and plastics. Growth in demand looks assured with pigment producer DuPont believing that 85% of growth will come from emerging regions and this is not just a story about meeting the growing need of China but also the increased demand from Latin America, Central Europe, Africa and the Middle East. Lack of investment in titanium production and the depletion of reserves in countries such as Australia coupled with low global inventories seem to be tightening up the supply/demand situation which has begun to be reflected in rising market prices. Export volumes from China have reportedly been skyrocketing in recent months as Chinese producers seem to be the only ones left with any spare capacity.

Mineral estimates prepared by Billiton have been restated by consultants Scott Wilson to give a total of 71.72 million tonnes of contained metal in the Indicated and Inferred category of resources. Although this conforms to the current CIM mineral resource estimate standards, these figures are not compliant with NI 43-101 reporting requirements. As the dust settles on this acquisition, the Company is likely to embark on work to digitise the existing drill hole data and undertaken to replicate drilling of the existing holes to confirm the historical drill data. This will be followed by taking bulk samples and metallurgical tests which will culminate in a Feasibility Study for the mining and recovery of heavy minerals. Such work would probably take at least 12 months with a budget of around $10 million; but if successful should provide JORC-compliant reserve and resources and an improved understanding of the metallurgy deposit should allow a valuation to be placed on the project with a far higher level of certainty.

There looks to be obvious value here to be unlocked. To get the ball moving, the early investors in IM have swapped their shares for Pathfinder paper at what represents a substantial discount to the value placed on the project by consultants Scott Wilson. The Valuation Report was a reassuringly thorough and compelling piece of analysis, but our peer comparisons show that this work might also be fairly conservative. There has been a growing awareness of the real shortage of titanium feedstock supply although many producers are working at full capacity. Added to this is the forthcoming years this shortage is liable to become more acute as a result of the limited new supply coming on stream. Given this scenario unfurling it is little surprise that recently the share prices of the peer group have been buoyant. Indeed over the past three months the share price of Kenmare Resources has doubled to 40p. Given such moves in the market, we have chosen to adopt the top of the range valuation of $179.30 million for IM that was presented in Scott Wilson's Valuation Report of March 2010 as the most likely valuation to determine a target price. The $179.30 million (£112.1 million) valuation equates to a target price of 13.9p.

We initiate coverage on Pathfinder Minerals at 8.00p with a SPECULATIVE BUY recommendation and give the stock a target price of 13.9p.

[ayub1] 15/12/2014 18:47

can see this closing 2.50p+ tomorrow

[h2owater] 15/12/2014 18:45

News on Moneyweek

BIGGER MOVERS

Pathfinder Minerals (PFP) soared 672.97% to 1.43p after subsidiary IMM was confirmed by the Maputo Court as a shareholder in CMDN, which holds the licences for a mineral sands project in Mozambique. It fought a more than two-year legal battle over ownership of the asset.

[loverat] 15/12/2014 18:43

Check out the Stigologist 10 bagger Christmas Portfolio

[ron64] 15/12/2014 18:41

This was .05p in 2011

[stevedawn] 15/12/2014 18:36

Jsmith for your info it was 1.5p before this ruling today. So it has only recovered to where it was pre news due to it being massively oversold. So plenty of upside from here. You should research a stock before posting your scaremongering. This should be 8p based on the asset value which is now rightly PFP's. Christmas come early here :-)

[loverat] 15/12/2014 18:35

Worth checking out some of Stig's other plays. Have taken a position in one or two. Up 80% in NBU so far. JQW might be one to watch. AFPO and PLE have fallen alot lately. All bombed out although risky to commit too much.

That's the thing - you need to take a position when these stocks are bombed out. If Stig is deramping you are guaranteed a profit. You won't make a profit chasing spikes all the time.

[loverat] 15/12/2014 18:25

It was up there earlier and disappeared off the list. Perhaps when stocks go up above 750% it causes an ADVFN glitch. Or perhaps Stig could not bear it any longer and asked ADVFN to take it off the toplist.

[ihavenoclue] 15/12/2014 18:22

Still wondering why it didn't show up as the largest riser of the day ?

[loverat] 15/12/2014 18:19

And I recall the assertions made by Stig about this one. Even a moron knew he was wrong and a judgement along these lines was on the cards. Poor old Stig.

[loverat] 15/12/2014 18:17

LOL

Another Stogologist special.

He is certainly going to make a few folks Christmas this year. The moral of this story is buy bombed out crud like this and wait for the bounce. Some people also made money chasing today but likely to fall back again imo. A far bigger spike in one day than I expected.

[ihavenoclue] 15/12/2014 18:01

Jsmith ... you sound bitter perhaps ?

You couldn't buy so it is volatile ? LOL The shares are in demand .. that's why you couldn't buy ... you bloody idiot ... filter time !!

[kman5001] 15/12/2014 17:43

Great day today looking forward to tomorrow morning :0)

[21trader] 15/12/2014 16:58

True, I think genuine holders should not be targets. Pump and dump vermin from
the thread you mention are always worth targeting !

[stevedawn] 15/12/2014 16:53

Cliveas exactly right it was a final ruling and the General was not allowed to appeal so presume the same with this final ruling which has taken nearly 2 years to come about. Happy days