The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Signs of RTO preparation at Companies House today:
https://find-and-update.company-information.service.gov.uk/company/02578942/filing-history
Incorporation of resolutions following approval at the last GM and, for me, undoubtedly linked to the RTO and consequent re-admission/re-funding.
Still holding myself never sold still patiently waiting ATB all long suffering holders
This share has always move down sales and never up on buys I think at the current price it crazy not to top up, I would top up but I’ve no spare cash at the mo and hold a very healthy 10M + share here, I live in hope 7.2p pops up for aligns forecast higher would be even better. My honest opinion is that this share will make the LTH wealthy
And also minor point woridng again the aag now refers to claim without reference to a bit noention off bit in last one for 1 million
Err down 20 petcent on 8k worth off stock
Morning All,
Please can someone help me with my maths. More bought than sold and the price goes down 20% yesterday!
# Trades 9
Vol. Sold 1,550,000
Sold Value £3.45k
Vol. Bought 1,893,513
Bought Value £5.64k
Keep the faith, or pray !
Adamsky
Might be nothing but there’s no bid or sell price on PFP anymore?
I agree, I'd expect the proposal to just drop one fine morning and for the rest to flow from there. Not expecting anything beforehand except if it concerns an AIM requirement.
Don't think we'll get any more that what is stated on the website, " ... Pathfinder has become an AIM Rule 15 cash shell. As such, Pathfinder is evaluating opportunities in the sectors the directors consider appropriate, seeking to identify one or more projects or assets which the company can acquire, which would constitute a reverse takeover under AIM Rule 14 ...", until there are enough details to call for an EGM and vote. Far too sensitive for general RNS.
Correct, it’s a true gamble to sell or buy ATM there isn’t anything to base any decision on
They have until 18th Feb 24 to get it completed so still plenty of time. SP now is not related to SP on re-admission as a NewCo, it's merely an opportunity, or not, according to how we judge what little there is to judge ahead of RTO details being published.
They need to agree a deal, produce an admission document, call a GM and ratify it. Cutting it fine, there may be some significance to the end of month date but I cant identify it.
Why such a big drop on a few trades? This share has been up and down like a yo-yo of late so wondering if it’s worth a top up.
Disappointed at we reach month end still non the wiser if PFP are gone/going bust or doing a RTO. No squeaks from the board, the market doesn’t know and yet the odd person buys and sells shares. Surely an update on where we are is well overdue!
Eckhoff is so involved with PFP that he can’t be bothered to alter his TR1 position. His holding as stated on the PFP website is less than 3%. The board should be chasing him to amend his holding details, similarly Trew. I find it hard to square that MKM amassed 8% without help from a significant holder.
Still no holding rns now are they broke....on meeting said no money by 25 oct....22 days till the bit to be engaged as legally required by contract....no sept 5 share issue etc...do they even have the money left to write one should it go in
Yes, I think the particular appointment of Paul Barrett, another entrepreneurial geologist, as the replacement executive director a couple of weeks before the final sale of IMM shines a light on what you say - he didn't land by magic or accident so it's the strongest of suggestions that there was already an active plan in play.
He doesn't do the City boardroom rounds, he's had his previous success privately as far as I can tell, identifying opportunities through his professional skills and thereafter selling part-stakes on to larger entities, including Shell.
Perhaps this listed company will be his vehicle to see something through to maturity. Certainly hope so, I like the feel of the new team and have bought my tickets for the ride.
My apologies I missed this post Poppyseed! Indeed, it is very interesting reading.
No doubt the wheels are turning in the background for the next step, I can't help but feel ground work and planning had to be underway before the divestment of IMM - the 6-month window is so rigid and short.
Seems you're on the same page as me Investor01. my post 26 Sep 2023 12:26 refers:
"There's something else that raised an eyebrow this morning when researching Mark Gasson's form - his close association with a certain named major shareholder here, also a senior geologist:
https://www.africabusinessplus.com/en/816816/lithium-active-in-drc-klaus-eckhof-and-mark-gasson-are-also-making-inroads-in-uganda/ (need to be a subscriber to read but even the headline is tantalising)
Googling both names together produces further interesting connections. Coincidence? Perhaps, but makes me think, watch this space."
I can’t help but wonder if Klaus Eckhof will be involved in some way in the eventual RTO (he built a significant holding in PFP and I presume still holds as his name remains on PFP's website), him and Mark Gasson have long-running and very relevant business relationship (also covering lithium interests) extending beyond their work at AJN Resources, it's interesting reading and not even an exhaustive search. Fingers crossed for good news on the RTO front in due course.
https://www.proactiveinvestors.co.uk/companies/news/1026425/ajn-resources-positioned-for-soaring-lithium-demand-with-lucrative-drc-deposits-1026425.html
https://smallcaps.com.au/klaus-eckhof-mark-gasson-taruga-gold-cobalt-drc-project-acquisitions/
https://www.heraldsun.com.au/business/stockhead/mining-magnate-klaus-eckhof-in-middle-of-javelins-bid-for-mystery-unlisted-ugandan-lithium-prospect/news-story/684489f367c28b199736d78a24f55aa0
https://furtherafrica.com/2018/04/13/australian-gold-player-acquires-lithium-project-in-zimbabwe/
There's only one place to look for what should be the most reliable source for up-to-date information on these things and that's the Company website:
http://www.pathfinderminerals.com/investor-relations/shareholder-information/major-shareholders.aspx
Given the departure of both PT and DE in the last days of completing the sale process, the middle tab shows there are currently no Director shareholdings which, of course, was Free Buffet's point.
Under the rules, I'd say that's not likely to change until the RTO process begins with the release of an Admission Document, at which time I'd be astounded if the main players will not have major skin in the game for the future with the NewCo.
Ok seen directors holdings wondered why so google marketscreener and pathfinder minerals humm seems there quite a few rns that may need to be written just gets worse
I'd expect all management parties to become substantial shareholders as part of the RTO process.
In fact, I would be quite surprised if one or more of the new crew (in their final make-up/number) were not already sizeable shareholders in the proposed reverse candidate(s).
Many thanks
ATB
Morning All,
First of all I have received a reply form Paul Barrett (Executive Director) stating that any significant news relating to the IMM claim will be relayed to the market, any updates on the RTO will also be relayed to shareholders.
Nothing major but the main point is he at least took time to reply and at 20:50 last night.
FreeBuffett , I do not know all the legalities but I assume that the Directors are not allowed to buy as if there is significant news on the horizon isn't that called insider trading and is it a closed period ? I don't know but a semi educated guess !
Keep the faith and who knows what is going on behind the scenes.
Adamsky