Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Thanks SteveY1 for posting the interview link
Hi Key2- its here--
https://www.proactiveinvestors.com/companies/news/1024512/rome-resources-releases-fresh-assays-from-bisie-north-tin-project-1024512.html
First Gazette notice for compulsory strike-off posted by Companies House.
May be someone could post a direct link to the Gasson / Warner Proactive interview I just mentioned to highlight the potential here if this RTO goes ahead as shareholders will need to get clued up in order to vote.
Thanks
Roman Resources Ltd (TSX-V:RMR) President and CEO Mark Gasson speaks to Thomas Warner from Proactive after releasing fresh assays from a recently completed drilling program within the Bisie North Tin Project ........ 24th August 2023. Unable to post the link but definitely worth watching (10 mins) on YouTube or via Proactive ! This could be transformational if the RTO gets the go ahead as next to world class deposit and open in both directions and down dip.
% figures are impressive
Mark Gasson is also CEO of Roman Resources.......... here's a link to their acreage and drilling results: https://images.newsfilecorp.com/files/9037/186134_97a449a42462588c_002full.jpg
So can someone in simple terms break that down for me please
Thanks
They didn’t say, but I assume no RNS as it’s nothing to do with this share anymore that’s all I can guess?
Thanks LFM, surely they should have issed an RNS? Do you know how long the extension is
They have agreed a short extension to the agreement to commence the BIT claim, from a reply from the company. I expected something like this because it’s always been one extension after another on this.
@LFM I understand the frustration but cannot think what can be said that has not already been stated. Surely being in a position where details are privileged is much better than general statements that could be construed as being no where close to an agreement. Would you be placated by a statement saying ….. we’re investigating options that we cannot discuss in public due to confidentiality ….. Whatever is happening will be under a confidentiality agreement. We know timelines are fluid with PFP, I remain positive that things are in train
We are certainly due updates on both, I’ve also sent a stinging email to them last night, complaining about the lack of information been given to us on both subjects.
Morning Lfm,
Relating to the RTO, the BIT or both ?
Adamsky
I am expecting a RNS at some point this week.
Agsin before ajn had a large audtralisn minor set up who would off bought the claim and by now it would be generating money for the moz goverment
Legallly make claim thats claim by saturday...3 months legally have now passed nothing again its an unessesary delay in the bit process which is affecting the income off the moz goverment
Hi Adamsky,
I already put some thoughts down around the end of Sep and nothing has changed yet!
Post 1 – “Indeed bankrupty and, as you suggest, that certainly would matter if they were to dally excessively in lining up the way ahead. However, assuming they have something already in their sights, the consequent RTO would aim to wrap things up within an entirely different, newly-financed wrapper.
With similarities to the way an IPO comes to market, certain assets would be assembled within a proposed company (that is currently PFP) and the SP at relisting would likely be unrelated to the current SP. Instead it would come back from RTO process at an entirely new valuation based on a number of factors, such as asset valuation, shares in issue post-RTO, stage of project development, perceived timeframe to production/asset realisation, confidence in characters involved, level of appetite shown by instis and/or HNWIs etc. etc.”
Post 2 – “I don't think the future valuation will work like that Adamsky. While all the things you mention are important in terms of an attractive platform, I think the future valuation will be based more on the type of things I listed yesterday. In other words, a "step back" revaluation of NewCo on its new assets and prospects, a return to market at that sort of level and thereafter settling down in line with the normal market forces of supply and demand. At the moment, of course, it's a matter of how long's a piece of string and taking a punt, or not, according to how we read the runes.
I read them positively and, like bankrupty, have added substantially at current levels against the backdrop of my own take, again similar to bankrupty's. It's a punt but the way I see it is that once they're ready to go forward with something, the chance to add will be very likely be gone until after the RTO process is completed and the current £2m market cap is less than demanding against what the new "entrepreneurial geologists" are deeming to be an "exciting" future. DYOR.”
Poppyseed,
Thank you for your excellent research, have you had any experience of RTO’s and projected price for current PPF shareholders if it completes?
Oldblue1973,
You are incorrect, the starting of the BIT process has nothing to do with whether Pathfinder continues as a company, it is solely down to the RTO.
If by the end of the week no news about the BIT, I will e-mail the company asking what is happening.
Kept the faith.
Adamsky
So nothing friday last official day today so monday or we goingbto get nothing snd the company wound up no rns etc
Companies House reveals a change of Company Secretary effective today. Clearly a move to more than just any old admin outfit and more suggestion that the ducks are closing in on getting into line. Looks to be a wide-ranging quality appointment which adds to my positive take on the new executive appointment. Shaping up!
https://www.silvertree-partners.com/en/
PFP have never once been on time with anything, this won’t be any different
Last working day no rns...end buisness have to try legally till 3 month end so tonight or monday morning
Presumably therefore a 60% dilution for existing share holders and an EGM vote to get past ? A yes vote would presumably be based on the NewCo shares being worth more to the holders.
Not quite the same but similarities in taking a government to BIT over mining licenses. Possible yard stick maybe. Hhttps://twitter.com/cadenceminerals/status/1725061769729609966?s=46&t=b6za1ZtTKGiqyeh7V14hBQ extra “H” in the link.