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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
Ur best just going through the RNS
Not been on much in. last 3 years due to cardiac arrest and luckily - recovery.
Can anyine give me a summary of where we are please.
Is the share suspeneded
Thank you.
Timelimes have never meant anything to pfp,aag or the moz government.
Why do we expect anything different?
I was told they had till the 15th Jan
Again what a bit is is a last chance saloon for international legal cases that cant be solved by other means
so you have to prove that you have tried everything to legally solve the matter and both parties cant come to an agreement so the bit or an arbitarty commity has to solve the matter and try to resolve it
Guys a few questions
1. how are you getting 16 million?
2. is the claim gone thro or has the bit been engaged?
now they have had 3 months to do the 'claim' now the extension for the 'bit'? thats apparently end in 5 days or the 15th? so last really is THIS friday?
and before you say about bashing....err...its under a rto? nonone can actually buy shares or sell that matter
are they going to do another unessesary delay? or extension...again complicates damages claculations in regards to a dmages claim
That’s a massive dilution at 85% and the opening price needs to reflect that loss so effectively you still have the same value invested, it surely has to open above 1p
FB, re dilution, compared to old PFP, the value and potential value of the assets to be acquired makes all the difference, especially what appetite the City (pre-Readmission) and PIs (post Re-admission) will have for the NewCo stock on the back of such potential because, of course, that will determine the SP.
On the face of it, the new valuation will be c. £14m market cap but I've heard of people fancying a return at up £30m market cap and then potential for at least 20x over time.
There are so many things that go into the valuation and demand melting pot, not least the mood of the market, not least further drilling and determining an initial JORC Resource but overall, I could see a floor of around .35p and good potential for a return at, or a demand-led early rise to, 0.7p to 1p (or equivalent because I could easily see a share consolidation as part of the re-admission process).
Further out, if indeed the drilling confirms a world class resource similar to neighbouring Alphamin, there should be potential for a ride to 3p to 5p+ but always with the potential for an attractive offer from a major player (like the C$1.1bn market cap Alphamin where, indeed, many of the Rome people were involved in that discovery!)
Will history repeat itself? That's the game here!
https://www.alphaminresources.com/
Along the way there needs to be an increase in authorised share capital, this probably comes from the £15.9m purchase price, but any increase in authorised share capital has to be voted for by the share holders. So before this can happen the current 1,057,494,834 (Nov 2023 was 632,494,834) shareholders get a say, formality it passes. Ex-Rome holders get 3.2bn shares from the increase share capital in NewCo, which now has 4.257bn shares in circulation. So if you held in November 2023 your holding will be diluted by 85%. Key therefore that the new SP has a proportionate rise or you’re further in the mire.
@Poppyseed. There was £30m authorised share capital divided into circa 2.2bn shares. 1.1 ish in circulation now. How/where do they get 3.2bn shares for Rome ? Happy to be educated.
How long is the wait!
A fair few more than that FB!
It is intended that the Proposed Acquisition would be affected by way of a Canadian Plan of Arrangement pursuant to the British Columbia Business Corporations Act (the "Plan of Arrangement"). The headline consideration payable pursuant to the Proposed Acquisition is stated in the non-binding heads of terms as £15,940,891 or CA$27,418,332 using an exchange rate of 1.72 GBP:CAD, to be settled by the issue of new Ordinary Shares in the Company. In this respect, the Company proposes to issue to the shareholders of Rome Resources a total of 3,188,178,220 new Ordinary Shares at an implied price of 0.50 pence per new Ordinary Share, representing a 3.28% discount to the 12 month volume weighted average price (VWAP) for Pathfinder's Ordinary Shares, being 0.517p.
On the other hand, Rome Resources shareholders apparently willing to price "old" PFP shares at .5p, presumably with a view to an uplift from there, and new assets to at least the value of c. £16m, hopefully rising as the exploration results confirm the potential "world class resource".
New ball game. Relist SP will depend on how much the City wants to pay for a stake in the "Bisie North Tin Project" potentially comparable to Alphamin.
"Rome Resources has made recent discoveries of tin, copper, zinc and silver on both permits, which are situated only 8km North and on-trend from Alphamin Resources (AFM.TSX) Mpama North and South Tin mines. Alphamin is the highest-grade tin producer in the World mining at a grade of 4.5% tin and accounting for approximately 4% of global supply from the Mpama North mine alone."
Only another 1.15bn to go
SP will have to go some with the now confirmed 40% dilution. Slight concern that the previous +3percenters have little control now unless they’ve managed to increase their holding..
2024 is a huge year where all the share holders will become quids in, years and years of waiting and we finally get the cash we all knew
Only 27% (173.3m) of share holders could be bothered to vote at the recent GM. 425m shares just issued that don’t hold the benefit of a share of any BIT windfall. I imagine the holders of the 425m would mobilise far easier than getting a larger part of the 632.4m.
… will be interesting to see these amended details on the PFP website, shortly hopefully.
Does this mean that the shares are back trading on the 27th December?
So what the next stage? And how long we talking
Both resolutions voted through.
https://uk.advfn.com/stock-market/london/pathfinder-minerals-PFP/share-news/Pathfinder-Minerals-Plc-Result-of-General-Meeting/92872902
Daydreamer
Edzi.
Let's cross that bridge when (if) we ever get to it.
Hi All
Just wanted to make a point regarding the Moz Claim that Pathfinder have sold onto AAI and DLA Piper
I have it on good authority that the wording of some of the paperwork is ambiguous.
There is a strong possibilty that IF there is a payout regarding the case that the Board of PFP having overall
control with the share register that they will not disperse the monies and keep it. I am not trying to start
causing irrational problems as I am a shareholder with a considerable holding. The problem is that the new board
once the new deal is in place will be able to outvote everyone and maybe keep the bigger shareholders sweet