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Good Afternoon,
MrBasse, totally agree with your summary and I am surprised the share price isn’t higher. I think it is a combination of ……
Investors don’t fully understand the situation
The ‘Record’ date hasn’t been announced
Those who understand , and are not invested, don’t want to either risk tying their money up for a while and are unsure of the RTO taking place.
If the ‘Record’ date is announced we might see some buys but if an RTO prospect is mentioned then we will see some action.
We have all highlighted the advantages of investing but only time will tell who’s right.
All the best to those invested.
Adamsky
Afternoon everyone,
I have had a reply to my e-mail and the answer is below ……
“The Bonus Preference Shares will not be tradeable and can only be exercised if the claim is successful. Further details will be announced in due course. “
baldmark, you are incorrect which confirmed my statement…..
"buy now you are in both , soon you are only in the RTO"
Why do you think someone bought 20,000,000 costing just under £160k ?
Best of luck to those who buy
Adamsky
Morning All,
If you want the opportunity to potentially increase your money by many multiples in the legal claim against the Mozambique Government you will have to act soon as the window is closing in the next few days. I expect an announcement from the company very soon of the exact timetable.
PFP have received £1 million for the sale of IMM which they will use for an RTO. Not forgetting the £18 million tax losses that can be used against any profits made by the new company.
AAG, with the assistance of DLA Piper , will pursue the BIT claim against the Mozambique Government.
As I keep staying WE HAVE ALREADY PROVED PFP’s. OWNERSHIP OF THE LICENSE THROUGH THE U.K. HIGH COURT.
AAG have carried out extensive due diligence and to proceed with the claim and spend up to £12 million they must realise they are onto a dead cert.
A valid claim will result in Pathfinder receiving a minimum of £24.5 million up to a potential of £250 million.
So you get a chance to multiply your money by many times and a chance of investing in a hopefully successful RTO.
If you buy now you are in both , soon you are only in the RTO., which in itself could be quite profitable.
I look forward to life changing returns and remain heavily invested.
The BIT claim can take up to 5 years but as soon as the Mozambique Government realise they are onto a hiding the earlier they settle the lower the potential payout.
Best of luck.
Adamsky
Morning FreeBuffett,
Please can you explain this statement you made below as I do understand where you get the additional shares from ?
My understanding is there will be 632,494,834 in the SPV and the same figure in Pathfinder shell ?
Your statement……………..
After the sale of IMM to AAG and set up of the SPV, PFP will still have 632,494,834 shares in circulation and 2,208,283,209 less 632,494,834 = 1,575,788,375 shares available for issue
………….
Thanks Adamsky
Evening All,
Just seen the £33k trade appear from yesterday marked as Unknown.
Are LSE having a laugh, highest trade yesterday was .60 and this was at .6846 so definitely a buy.
Someone has faith in the BIT claim and the RTO.
All the best to those invested especially the recent buyer.
Not long until the sale of IMM goes through and a potential RTO and successful BIT claim sometime in the future.
Adamsky
Morning Poppyseed,
The signs are all there , Richard Jennings has changed his stance from voting against a potential raise of £150,000 last time to voting FOR a potential raise of £1,500,000 this time.
Does Richard Jennings , who must have lots of company contacts through Align , have a potential RTO target for Pathfinder ?
Things could happen very quickly soon after the 18th,
Best of luck to all those invested.
Adamsky
Poppyseed,
Great post.
What you are saying , and I agree, is if the resolution is passed there is an RTO potentially lined up waiting in the wings.
As I said before BOGOFF , buy one get one free, before or soon after the 18th, after that you are potentially only in for the RTO before that you are in for the potentially big payout on successful claim as well.
Next couple of weeks will be interesting.
Adamsky
Morning All,
I think people who don’t know the history of Pathfinder view the latest RNS and don’t understand the enormity of what is going to happen soon after the 18th of August.
Pathfinder will receive £1 million for the sale of IMM which they will use for an RTO. Not forgetting the £18 million tax losses that can be used against any profits made by the new company.
AAG with the assistance of DLA Piper will pursue the BIT claim against the Mozambique Government.
As I keep staying WE HAVE ALREADY PROVED PFP’s. OWNERSHIP OF THE LICENSE THROUGH THE U.K. HIGH COURT.
AAG have carried out extensive due diligence and to proceed with the claim and spend up to £12 million they must realise they are onto a dead cert.
A valid claim will result in Pathfinder receiving a minimum of £24.5 million up to a potential of £250 million.
So you get a chance to multiply your money by many times and a chance of investing in a hopefully successful RTO.
Before the 20th of August you are in both , after the 20th you are only in the RTO. To be confirmed but Pathfinder’s intention.
I look forward to life changing returns and remain heavily invested.
Yes it was disappointing that we only received £1 million but I view this as showing the ruthlessness of AAG.
The BIT claim can take up to 5 years but as soon as the Mozambique Government realise they are onto a hiding the earlier they settle the lower the potential payout.
You have to be in it to win it.
Adamsky
Morning Lookingformoney,
I am sure it was stated in an RNS that in the unlikely event of a settlement being reached before the sale agreements were already in place for this event with AAG.
If this did happen what stops Pathfinder from pulling out of the sale of IMM to AAG.
This won’t happen and as you say if you don’t buy before the sale at the end of August you are only in for the potential RTO.
I will post more later
Everyone have a good Sunday.
Adamsky
Good Afternoon all fellow sufferers,
I am in total disbelief of the shambles that is happening in front of our eyes.
I have in the past hoped that negotiations are going on in the background but I personally don’t believe this is the case otherwise PFP would have released an RNS to boost the share price so they could benefit from their recently 40% REDUCED share options
I always supported the BOD and had a dislike for Align and Jennings but my opinion is changing after the last few weeks of this ongoing farce.
Align and Jennings are like a bull in a China shop but their actions are in the best interest for themselves and at the moment us as well.
Why did Jennings want to get rid of Peter Taylor ? His pals at PFP gave him a safety net though.
Where will this end, who knows, even if AAG manage to find the funds how does this reflect on both AAG and PFP.
A very disgruntled long term shareholder as this is solely down to PFP’s BOD for the choices they have made.
Adamsky
Evening FreeBuffett, can I give you my opinion , thanks.
All the information we have been provided with and I have based my opinions on are through the official RNS route.
How can you say ……..
any missed or rushed or ill considered action could hole the BIT below the waterline and will be pounced on by the Moz Gov legal team
……………………………………
AAG spent over 6 months carrying out due diligence, twice as long as originally notified via an RNS, originally completion date was the 27th December 2022. This has been completed and the SPA signed, what else is there to investigate?
From the circular for the General Meeting on the 11th May …….
The consideration payable by AAG to the Company for the entire issued share capital of IMM is £2m which is payable on Completion. The Company expects AAG to fund an escrow account of its choosing with this amount in the days running up to the General Meeting, and confirm such action to the Company.
…………………………………..
PFP , I hope don’t make things up , were expecting the money in an account when the General,Meeting took place on the 11th of May. OVER 7 WEEKS AGO.
Why do people keep saying patience. It is not us that has stated the above deadlines, they are all in official RNS’.
My opinion , from what has been officially stated , is that AAG have led PFP up the garden path. PFP would only state deadlines that they have been informed by AAG.
I blame PFP for not doing due diligence on AAG as to the funds being available.
I am not sure how legally binding the SPA is but we could be at the stage that we make a legal claim against the people who were going to make a legal claim on our behalf !
No updates from the BOD recently.
Keep the faith and any spare change please donate to AAG on behalf of PFP !
Adamsky
I am heavily invested here but get frustrated that each RNS , specifically relating to MicroSalt , has no sales figures relating to the number of bags of crisps sold in previous signed up stores.
The crisps must be in over 3,000 stores by now, are we selling 300 a week . 3,000 a week , 6,000 a week ?
My opinion is until we get concrete figures the share price won’t move , we can sign up even more stores and celebrity chefs but where are the sales figures for the crisps and the salt ?
Obviously if we sign up a McDonald’s the share price will increase but I guarantee there will be no details of quantity.
Come on MicroSalt give us some meat on the bone.
Adamsky
Dear fellow posters,
I am so sorry, I thought this was a chat board where people can discuss various opinions and thoughts on the company and not restricted to what other people think you should post.
Deadlines have been met after being postponed several times , leaving it till the last moment to notify shareholders.
Is there a clear misunderstanding of the process, not on my behalf maybe on some posters ? II copy the relevant part of the circular below and the account should have been set up before the 15th and the money in the account before the 15th. So it’s late.
INFORMATION FROM CIRCULAR FOR GENERAL MEETING.
The consideration payable by AAG to the Company for the entire issued share capital of IMM is £2m which is payable on Completion. The Company expects AAG to fund an escrow account of its choosing with this amount in the days running up to the General Meeting, and confirm such action to the Company.
Completion of the Disposal (and due date for receipt of £2m initial consideration) - 15 May 2023
The times and dates above are indicative only. If there is any change, revised times and/or dates will be notified to Shareholders by means of an announcement through a Regulatory Information Service.
So where is the update relating to the points above ?
I am patient and not anxious you will be pleased to know just a shareholder wondering what’s going on and seeking other peoples opinions which from some is just be patient.
Have a great afternoon
Adamsky
Here we are getting to the point where the £2 million should have been received and the share suspended in anticipation of an RTO within the next 6 months.
What do you think the delay is caused by ….
A) Normal slow progress
B) Issues raising the £2 million by AAG.
C) Negotiations are ongoing between PFP, TZM and the Mozambique Government.
I would love it to be C), think it is A) and B) very unlikely.
Keep the faith and let’s see what the next RNS delivers.
Adamsky
Good Afternoon All,
SmartMoney1, thanks for your post.
I am a bit disappointed that the Mozambique Government and TZM haven’t seen sense to settle up to now but let’s get the show on the road and unleash AAG with a nigh on certainty that the claim will be successful.
Time to look forward to an RTO and the future prospects for PFP.
PFP have cash of roughly £2.25 million
I am no expert in corporate tax losses but assume on the £18 million loss you can put this against profit saving you the 25% corporation tax which would amount to £4.5 million.
If you add the cash reserves and the tax savings together this gives a figure of £6.75 million.
Times this by the cash value of a shell by 3.5 this gives a figure of just over £23.5 million
This equates to 3.7p without taking into the strength of the BOD, the RTO company future prospects and the future prospects of a successful claim.
Keep the faith and you might be rewarded.
Adamsky
Good morning All,
Here we go again, 7 working days to send out the communication for the General Meeting to approve the sale of IMM to AAG.
I sound like a broken record !
Why are we having constant delays since the end of December, the SPA has been signed now a simple matter of convening the meeting, get approval and the £2 million and move on.
One school of thought is that they are trying to wrap the sale of IMM and the RTO in one meeting.
I personally do not believe this is if this was the case why didn’t in the last RNS on the 12th April have a simple statement along the lines of ………
“We are also going to combine the approval of the sale of IMM with the future direction of Pathfinder Minerals this is why there has been delays in calling the General Meeting”
Simple statement and nothing given away.
The longer this goes on and the constant delays I am convinced negotiations are going on between the Mozambique Government, TZM and Pathfinder Minerals.
These might not be successful but yet again I am surprised at the lack of share purchases.
I think we are reaching breaking point, either a settlement will be agreed or we get the money and AAG go full throttle with the claim.
Pay up now or pay many, many more £100’s of millions in the future and damage to the Mozambique Government.
The next week could be interesting.
Have a great day and best of luck to all of those invested.
Adamsky