Member Info for Adamsky

OTB,

Sorry to be a pain in the bot but tried various combinations and got nowhere.

If you can invite me my usernames is @Adamsky33

Thanks

What is the Telegram Group called as we can search for it ?

Thanks

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

Morning All,

Last minute settlement, I wish, I reckon just the slow progress as per the due diligence, we will hear in the next couple of days.

Keep the faith.

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

Evening Bazzaman,

As I mentioned yesterday don’t forget there are two warrants which were given with each share at IPO, they went up 33% today to $1 each so the total value is $6.46 per share.

Adamsky

Morning Oldschool,

Thank you, the only question I have that no one can answer is if they are trying to wrap the sale of IMM and an acquisition into one meeting why not state this ?

There would be nothing confidential in a general statement and would potentially enhance the share price which all BOD’s love.

I am still convinced , or wishing, the reason is C).

Adamsky

Morning All,

As per the RNS on the 22nd of March the General Meeting to sanction the sale of IMM to AAG will happen on the 26th of April OR before. They have signed an SPA which the RNS on the 22nd March states …..

conditional binding sale and purchase agreement (the "SPA") with Acumen Advisory Group LLC ("AAG")

The conditional part being approval by PFP shareholders. So in my limited knowledge of legal terms does it mean AAG are committed to buying IMM ?

What is the long stop date mentioned, no mention of a General Meeting now to approve the sale , unless that is what they meant !

As the SPA has been signed the only conclusions I can come to are ……

A) The BOD are totally useless and couldn’t organise a pee up in a brewery

Or

B) The BOD are trying to combine the sale of IMM and maybe the RTO into one General Meeting.

Or

C) Negotiations are ongoing between PFP, AAG, TZM and the Mozambique Government.

The BOD have shown over the last couple of years to be professional and thorough, we can rule out A).

Quicker to get the sale approved then finalise the RTO when the target has been identified or have a resolution covering any future RTO in the meeting. I am ruling out B).

That leaves us with C), why do you think all the delays have been since December, why do you think we needed £500,000 when £2,000,000 was within our grasp, legal fees for AAG to negotiate a deal ? Don’t forget AAG also engage DLA Piper, which also has considerable experience in these types of disputes.

A) 0%. Chance
B) 10%. Chance
C) 90% Chance

I am not saying the negotiations will be successful but I am convinced they are on going.

Can anyone else come up with a plausible reason for these delays since the original December deadline ?

Hold on tight and you have got to be in it to win it !

Adamsky

Evening All,

At time of IPO Lucyd and TekCapital stated that the price included two warrants so $1.50 needs adding which takes the price to $5.90.

Adamsky

Morning All,

If there is no RNS tomorrow I will post my thoughts on Thursday morning if anyone is interested?

Keep the faith.

Adamsky

Oldschool,

From what we know your figures seem reasonable and not rampy at all.

Let’s hope they come true, sooner rather than later.

BUT of course if the General Meeting is not called within 3 working days , taking out Easter, then what’s going on as I mentioned before the last RNS stated the 26th of April OR sooner, 14 days notice is required.

I hope we hear nothing then what is going on behind the scenes

Now I have opened my big mouth an RNS will drop tomorrow!

Silence is Golden.

Keep the faith

Adamsky

Afternoon All,

Who knows what is going on behind the scenes negotiations, the battery business opportunity or just the normal company workings.

The last RNS stated the date of the General Meeting on the 26th of April or before which must have two weeks notice, under 7 days to send the notice out.

The optimistic viewpoint…………….

As part of the BIT process you have to demonstrate that all avenues of a settlement has been exhausted.

Meetings have taken place with the interested parties in the past as RNS’d without success.

With AAG and DLA Piper onboard , who apparently have considerable experience in these types of disputes, who is saying now the SPA has been signed, showing that we have a watertight case, they haven’t gone back to the Mozambique Government.

This will further firm up the claim if successful as AAG will say ……….. we tried to come up with a resolution right up to the BIT claim being commenced , we showed them all the evidence but they just ignored us. This has extended the claim by x years and the loss of even more revenue.

Pay up now or pay even more later.

I am usually wrong but who knows.

Adamsky

The due diligence has been completed, which means we must have a water tight case. As I always mention we have a U.K. High Court Ruling in our back pocket.

The SPA has been signed, the only action left is for Pathfinder to hold a General Meeting , a formality , to approve the sale of IMM.

The General Meeting has to be given 14 days notice, this would really be the 11th of April latest.

Another 7 working days.

If the General Meeting gets called and approval let’s get the ball rolling and go full throttle for the Mozambique Government.

If the General Meeting is not called within 7 working days then there must be negotiations going on in the background as why else hasn’t the General Meeting been called ?

A poster mentioned that the Mozambique Government wouldn’t be concerned as they can let it drag on for several years and then say previous corrupt Government let this happen.

WRONG

The current and any future Mozambique Government have been engaged to negotiate an agreement and refused. The Mozambique courts and mining department follow the same rules as they always have done, mud sticks.

If a new Mozambique Government is elected during the BIT claim they have the option to resolve the issue.

Doesn’t matter how long ago it was or how long it takes the Mozambique Government, Courts and the Mining Departments will be shown to have assisted and condoned the stealing of a mining license by the General and his sidekicks.

Let’s hope we hear nothing up till the 11th and then wait till a deal is brokered giving Pathfinder many millions.

You have to be in it to win it.

Have a great week and for once hope for silence from the BOD.

Adamsky

Morning Oldblue,

You are incorrect , the sale of IMM and the RTO are two different transactions.

The sale of IMM to AAG is a straightforward transaction of give PFP the £2 million and you own the company immediately, providing shareholders agree to the sale.

PFP then becomes a cash shell and has to RTO within 6 months or get delisted from AIM.

No RTO required for the start of the legal process within 3 months of AAG purchasing IMM.

It is still 4 weeks to go till the 26th April.

I would love some deal to be going on in the background but are not convinced, just normal slow process of arranging a meeting.

Have a good day.

Adamsky

Afternoon Itzagamble,

From the last RNS the SPA has been signed, the only task that requires to complete is for Pathfinder shareholders to approve the sale of IMM.

This is on or before the 26th of April , 4 weeks tomorrow, I saw a poster doubting this would happen, why ?

As regarding the £6 million this only has to be raised if after 6 months of becoming a cash shell no RTO has taken place and this sum is raised so that we can re enter AIM as an investment company.

The share price is ridiculous, we are now valued less than the funds raised and £2 million from AAG.

Maybe the long delays are there to give the Mozambique Government and TZM a chance to formalise a payment to Pathfinder.

I cannot believe that Pathfinder has not been in contact with these two since the original announcement in September. As part of the BIT claim you have to show that you have done everything you can to get to an agreement before starting the BIT claim. Keeping them informed and a chance to settle would enhance our BIT claim by showing the powers that be that we gave them a chance to settle on numerous occasions.

As regards Align they are quiet as most of their shares were given for their research, unlike the companies they continually promote who they have either bought shares in or have a vested interest.

Align are meant to be an financial research company, why do they keep tweeting political statements.

Like others I have a dislike for them.

Who knows how this will end but I am still hopeful of a settlement before the sale of IMM to AAG.

Keep the faith

Adamsky

Evening Itzagamble,

From a research note from Align dated the 6th April, 2020, just Google and you can easily find it. Relevant part copied below. I assume the information is correct the amount of shares we showered on them like confetti.

Adamsky

Extract from Align ………….

Pathfinder Minerals originally acquired a large African mineral sands project in Mozambique back in 2011 for £34 million via a paper reverse takeover transaction.

Sorry about all the ?? , they were added when I copied the previous post.

Adamsky