Member Info for 4unme

I wish we could contact Pedro Nhatitima and ask, 'why he hasn't issued a judgement yet to recognise the UK High Courts ruling?'

to Cut Judges' Holidays =================== http://allafrica.com/stories/201703170741.html Maputo — In a major shake-up of the Mozambican legal system, the country's judges will now find their annual holiday entitlement cut from two months to one. Announcing the proposal, the spokesperson for the Supreme Court, Pedro Nhatitima, cited in Friday's issue of the Maputo daily “Noticias”, said that from now on judges should take their holidays like any other state employee, and will be free to enjoy a month's paid leave at any time in the year. The current system of collective “judicial holidays” covers the entire first two months of the year. In January and February only trials that began the previous year can continue, and no new trials may be started. So during those two months, Nhatitima noted, “the courts were stopped, interrupting the operations of a public service”. Adding to the absurdity, one study has found that, although their holidays are supposed to take place in January and February, about 40 per cent of Mozambican judges take their holidays outside of that period, thus reducing still further the productivity of the judicial system.

https://www.independent.co.ug/oil-mozambiques-gas-boom-dream-threat/

Mozambican Supreme Court 1. Proceedings in the English Courts have concluded in Pathfinder’s favour. Pathfinder is now focused on enforcing the English High Court’s ruling in Mozambique’s Supreme Court. 2. The Mozambican situation is somewhat confusing but the crux is whether its Supreme Court agrees to recognise the English High Court judgement. 3. The Mozambican Supreme Court has previously rejected a small English court “Cost Order” (which ruled in favour of Pathfinder Minerals Plc) while upholding, with one exception, all of Pathfinder’s arguments. The exception was a bizarre technicality on the wording of a jurisdiction clause. Pathfinder’s lawyers have, however, found a precedent in Mozambique involving HSBC where a foreign judgment with a similar worded clause was accepted, and are appealing it. This bodes well for Pathfinder. 4. Pathfinder is now awaiting the result of its appeal on the rejected English court “Cost Order”. If the Mozambican Supreme Court accepts the appeal it is logical that it should also accept the English High Court’s ruling that Pathfinder Minerals is the legal owner of the former licence-holding subsidiary (pre-expropriation). Although difficult to understand, the legal process appears to be nearing conclusion. For Pathfinder shareholders, it largely rests on the Mozambican Supreme Court accepting an English court ruling which looks increasingly likely although is not guaranteed.

https://www.**********************/img/pdfs/research/pathfinderminerals251116.pdf

PFP sold the General and his friend's shares. I look that as a positive sign. GLA

you didn't get the reply from PFP probably because we are going to get news soon?

very small holing at 0.85p. good luck to long term holders.

If the company wins the case this will be 6p.

share price moving up.

May be it is a good thing. We need the share price to be a bit more than 4p before the deal is done as IRON is paying for the smelting plant in cash and shares. It would be better to issue shares at higher share price.

The smelter that IRON is acquiring was owned by JLP. Jubilee Platinum sold the plant in Oct 2015 and the condition was that, Jubilee retains right to construct a 5MW platinum furnace at the Middelburg Operations. So how is it going work?

They are acquiring a smelter. So may not need to lease the land?

bbr- I hope you took your profits in AOR. sorry for O/T

acquisition to be completed by late April. Its only 7 trading days left in April. News soon?

Maputo — Mozambican prosecutors have asked the country's banks to provide details of the accounts held by former President Armando Guebuza, as part of the investigations into the security-linked companies Ematum (Mozambique Tuna Company), Proindicus and MAM (Mozambique Asset Management), according to a report by the Bloomberg news agency. http://allafrica.com/stories/201704060820.html

Good advice zapsnap.

Nice. I don't think the share price will stay at this level for long.

Usually, this share moves up/down with small trades. Now, the price is not moving with all these large trades. Something fishy?

The IRON mine is in the North of SA. The smelter and the power plant which they want to buy are in the middle of SA. It make sense that the raw materials are transported down to the smelter and then ship the final product to customer by sea? Would they need to lease the land? Would they upgrade the site they are buying? Wait for more news. .