One other think to notice, the MOZ courts seem to be most active between Oct-Dec. This is I guess is to 'clear the desk' before their recess between Jan-March. So, we maybe approaching potentially a critical period in this case and in the MOZ judicial calendar?
Prefer to take it step by step. Like the timeline. Seriously think the elections next month could work in our favour, this is because the current regime don't really seem to want to get involved...maybe because of the Generals close ties with them. But with a new government anticipated, this could all change next month.
Pathfinder Minerals (the UK listed one, not the false one set up by Cavaco et al in Mozambique in order to trick the Ministry of Mines into transferring the licences away) will legally regain its mining licences within the next 3 months - The Mozambique Supreme Court will recognise the UK High Court ruling and in so doing will enforce the awarded claim of £1.1 million against Cavaco and Veloso. The Ministry of Mines will act in accordance with the ruling, which incidentally is final and cannot be appealed. PFP’s lawyers go after all connected parties for substantial damages. The share price immediately rocket’s ten-fold and levels at 3p awaiting progress to complete the JORC and rally’s to 6p shortly thereafter. The mine is sold within a year at 9p prior to a spade being put in the ground. Here endeth A Shareholder’s Prophesy. So, do you sell at 3p, 6p or 9p?
At least the General's (Tim's/Moziman's) blog got it wrong when they prophesied on the 1st July - expect the Mozambique Court of Appeal to issue its judgement in respect of the First Claim in the next few weeks. They must know the game is up soon and that the long arm of the law will seek retribution. The shareholders here have taken so much pain because of this group and I for one will want to see justice done.
Prior to the call from Nick, I must admit that I would have been hitting the sell button if the spread was narrower.
Following the call my faith has been somewhat restored, so I'll stick around. Though I do wish that there was a little more transparency over these court proceedings, as these judicial processes seem unnecessarily opaque.
Over the claims for compensation, I don't think they've got to the Supreme Court court order stage yet, more of a preliminary dialogue.
Seems a distraction however, as this case at present seems all about the Moz court accepting the English Law Jurisdiction decision ... once accepted the rest seems a formality ( at least to me as a Layman )
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