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Although it's frustrating it's super interesting to see all the shenanigans going on behind the scenes, just shows that whatever is on an RNS re agreements don't have to be followed if you have all the cards you can strong arm other parties. I suggest AAG have done their feasibility study and due diligence and come to the conclusion that if the claim is likely to be settled it would be for the lesser amounts, hence the re negotiated higher rates.
This is concerning as it may work out more financially profitable for them to settle for a lesser amount to get the 40% rather than a higher amount, if have to run the numbers to confirm this but just my off the cuff tin foil hat commentary.
So the claim is in and we have started the ball rolling, so between now and 5 years we should know something
Let’s just hope it’s 7p a share
My reading of the RNS is to get £30 million for PFP the case will need to settle in excess of £120 million. If the case settles for more than £120 million PFP will get 22.5% instead of 25%. There is now a sliding scale for lower amounts.
Read the latest RNS !! Claim has been filed for Request For Arbitration - this should appear on the ICSID website within 3 weeks, if approved. As for the introduction of Luandwa Resources, this smells fishy to me. I have never trusted the Americans. First they default on the £2M, now a new entity Luangwa Resources LLC - filed Dec 2023 - is picking up all rights to IMM ? AAG were supposed to be the experts in recovering International Assets & agreed to do so under the SPA, not sell out. What the hell is going on?
Any your not paying them they are paying YOU or pathfinder!!! the 1 million (which more than half went to expenses)
they have probably forked out 5 million plus to try and put this in (over the year)
Err stuck in after the due dillegence? was 2 million wasnt it? now its a claim not BIT....hummm .....
Why would they pay £1M then do nothing?
Humm is the acumen advisory group having problems?
there website seems to be shut down as such.....or closed off.....no people off folk displayed and no projects almost like its mothballed
https://www.acumenadvisorygroup.com/about-1
Afternoon All,
I think your name sums up the current situation!
I expect neither to go ahead as a tortoise is quicker than AAG. As regards s the RTO I would be very disappointed as they already had the RTO lined up before the 6 month deadline started.
Keep the faith as I am losing mine.
Adamsky
So the latest deadline for the filing of the BIT is Jan 31st 2024 and the deadline for the RTO completion is Feb 17th 2024 -what are the odds ? anyone taking bets?
My understanding and primary concern is PFP will be delisted if the RTO is not completed before CoB 17th Feb. Secondly that there has been no details of the SPV or any confirmation that NewCo will set up a SPV or that the agreement between PFP and AAG at the sale of IMM is valid within NewCo. As always very happy to be educated.
Reply is days not weeks to BIT announcement of activation.
Was the new CEO, I’ve emailed him again for an update he usually does reply and I’ll post anything that he sends
Good Morning fellow investors or is that sufferers ?
So where are we with the BIT claim ? Lookingformoney posted the below several weeks ago ...........
The extension is to the 15th Jan and was given so paperwork could be submitted to the Moz Courts, no RNS done until a firm timescale on exact length is concluded.
Lookingformoney, who did you contact for this information ? Can you contact them as the date has passed ? If not please give me the e-mail of who you contacted and I will contact them, thanks.
RTO - 1 month from today to get it sorted otherwise PFP shares will be delisted.
Here's hoping that we get some movement on both SOON.
Keep the faith
Adamsky
Are you sure they just didnt throw all the beer cans in there? and thats where the annomilous readings are from?
Https://www.youtube.com/watch?v=0Z9rCMjEmfY
its not a mine its a pit
Https://media.abnnewswire.net/media/en/research/rpt/84284-ThomsonRes_2016July25.pdf
tin grade at 35m deep
https://romeresources.com/bisie-north-tin-project/
check geographics its 250m square
quick calc 250x250x10 deep at 1% at 24.6k per ton is about 150 million off tin total 30 year mine life 5 million per year 15 year mine life 10 per year
hummmm....never mind
@Lookingformoney. Who’s telling you this ? Nobody will loose shares, for you example to happen (1m to 250k) there needs to be a 4:1 consolidation. This has been mooted on the board before due to the large amount of share predicted in NewCo. Of course a consolidation leaves room for more downward movement and what ever the SP opens at there can be movement up or down minutes after.
I’m told that the value of pathfinder when it goes back on line will be 4 x the value it currently is so 1.2p, the number of shares you lose because of dilution I’m told will be the same as the increased valuation.
I take this as (a guide for ease of math) 1M shares now will be 0.00275p each , new valuation at relist you will have 250k at 0.012p each , therefore your gross value will be the same but less shares.
This might not be the case but I think that’s realistic and the value should increase once the Tin mining begins etc
Pathfinder and AAG , the claim hasn’t been done yet only a week to go
Who is in dialogue?....moz goverment and agg?
or pathfinder and aag?
They are still in dialogue as of yesterday so I was told
Excellent about time it was filled....been over a year since it should off been filled all the paperwork was effectly done and ready by dla piper 4-6 months before the aag stuff
Unless I am mistaken, I would expect to see the claim filed here within the 10 days : https://icsid.worldbank.org/cases/case-database