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DARWEN SAID IT WONT HAPPY ALL PRAISE DARWEN
Pathfinder lost control over a decade ago,they have since been puppets/muppets in any avenue of recourse.
BIT claim (or compensation) is not going to happen and I have my doubts of any RTO with being led down another garden
When the deadline date before we are shut down
We ain’t getting anything the last RNS just shows how much of a mess the old and new board have done with this, won’t make it to a BIT claim
So IF the ozzy miner had given us 300 million??? big if......
47p per share (current shareholding)
or now possibly
0.189p
...sigh....
So its went from a 65% BIT case for 1.5 billion in damages to....
payout if they get it possibly under share value with an RTO which may or may not go thro for a pit with a bit off tin in it?
Wow would they off been better just going directly to them and just asking for 2-3 million????
this is getting silly if thats the case
Lol lol lol
so aag get there 7 million back theen.....safari zambia gets 1.8 million pathfinder 1.2 million???
so your getting diluted twice from the 2 legal firms?????????
Or 68% off current share price
Ok if the payout is 10 million?????
your numbers a BIT off now for starters its 40%........then thats net recoveries now if they are now talking about under 30 million and there i now 2 companies your not gonna get too much left from 10 million with legal fees for 1 year
7 million legal fees???
so 3 million left 40% gives 0.00189 per share or just under the current share price...humm not the bonanza we were told
632,494,834 shares means 0.158p per share per £1m received by PFP, or 1.58p per share per £10m received, or 15.8p per share per £100m received. So a “small” award gives a decent return.
632,494,834 that attract bonus shares on any BIT deal
just hope they dont lose the bit off a4 paper with all the names accounts and how many shares on them
@Lookingformoney, @itzagamble, for clarity remember that whilst there are 1,057,494,833 shares in circulation there are only 632,494,834 that attract bonus shares on any BIT deal, i.e. those on the share register on 5th September 2023. The share cannot have imploded in the last few weeks as they have been suspended since 29th November 2023 at 07:30am due to the reverse takeover.
Think someone might be talking out off there bottom with the 3 weeks
seems 83 days is average but more like 100 ish
https://icsid.worldbank.org/sites/default/files/parties_publications/C3765/Claimant%27s%20Response%20to%20the%20Respondent%27s%20Requests%20under%20ICSID%20Arbitration%20Rules%2028%281%29%20and%2039%281%29/Legal%20Authorities/CL-13.PDF
thats now 80 days since the 18th sept so any day now?+
thats quite along time to do this but ahh well
so they going back to the moz goverment asking for less than 30 million? whilst the BIT is still going thro?
So are they doing this with the IMM shares?
https://www.youtube.com/shorts/0c8Fy-eWQFk
In addition, and separate to the above agreed amendment, the Revised SPA prohibits AAG from assigning/transferring any of its rights under the Revised SPA. In this respect, Pathfinder and AAG now agree to amend this clause as such to allow for AAG to assign/transfer all of their interest in IM Minerals to a new third party entity, Luangwa Resources LLC ("Luangwa") and to allow for Luangwa to perform all of AAG's obligations under the Revised SPA (the "New Assignment Clause"). Notwithstanding this amendment, AAG will continue to guarantee to Pathfinder all of the future obligations of Luangwa under the Revised SPA if and when they become performable in accordance with the Revised SPA.
assign/transfer all of their interest in IM Minerals to a new third party entity
now thats the key thing transfer off rights and not playing hide the IMM shares which is what should off happened rather than playing hide the IMM shares as the rights to the claim i doubt are in the IMM shares
It’s all sounds dodgy this movement of the BIT claim, I just don’t get why it’s been moved and there hasn’t been any reason that make sense why it was moved from one company to another
This fish-shaped thing is starting to smell fishy!
I fear you have summed this up in a nutshell & the Board, grabbing at straws, has once again been led up the proverbial : as have us LT investors. Note that the minimum 40% return to PFP is NET Recovery. The wording Reasonable Costs does not appear on the revised SPA, unless I am missing something, leaving the door wide open to "creative accounting". How idiotic to drop a minimum payout amount from the SPA. This complete farce has stunk from Day1.
Looking at this now with all the changes to agreements and swapping companies, the actual payout if we get anything will be low, it seems like they are setting up to do a low deal rather than fight this, a kind of pay us this small amount and we will go away, then they take a massive cut and leave the bonus shares almost worthless
As for PFP and the RTO this seems to have gone very quiet now and looking more uncomfortable towards the deadline date
Share seems to have imploded in the last few weeks
Now key points RNS from this
https://www.lse.co.uk/rns/PFP/amendment-to-the-revised-im-minerals-spa-z2ppi7ix2eygqgs.html
AAG have confirmed they have submitted the Claim by way of a Request for Arbitration to the International Centre for Settlement of Investment Disputes.
so the 3 weeks is that it being assessed for the validity off the claim or BIT now i now see that they are refering to the claim (BIT) and not just claim now
so its up in front off judges as we speak to be assesed to see if the BIT court will accept it ?????
me reading between lines
So last RNS 29th jan.....monday canned from monday?
so that would take 5 days to write so started 22nd or on 2nd week process?
And RNS take 2-5 days to write 3 days last week? from 31st?...humm...humm.humm
So from the CHAT board
new company 27th -26th dec
aag website down...humm they dont seem to want or cant engage the BIT so new company?
now someone was going on about jan 15th? and jan 31st?
so new guys need 2-3 weeks to check paperwork
in jan 15th goes in.....3 weeks? (guys on board or chat board?) ends 31st? or 2.5 weeks in?
so ended last friday?
maybe hear next week on its status?
lol where they getting this non RNS stuff from...ouchie..