Member Info for Adamsky

oldschool321,

You are assuming Pathfinder has been told about this development. The Mozambique Government or Mining Ministry might have made the change and not informed Pathfinder.

Do we know when the change was made ?

It could be very good news or as oldschool321 has said maybe new owners, only time will tell.

Stay Safe and Let’s Hope for Positive news

Adamsky

Evening 566822tn ,

As we are all aware there is a chance that after many years of the BIT and dilution we could end up with nothing but a shell company valued at £0.5 million - that is for bucklefern.

I have updated my post from the other day with a share price added.

If we start the BIT process and then the Mozambique Government realises that they are on a hiding to nothing and gives the license back.
Pathfinder was valued at £80 million when we first had the licence add on a conservative 25% with the recourse upgrade, total £100 million.
Pathfinder should also insist on compensation for the lost 9 years of license development whether in the form of money, another license or infrastructure paid for by the Mozambique Government

Share price at least 25p , based on £100 million.

BIT process goes all the way and Pathfinder win, as above £100 million plus £10 million per year compensation for loss of earnings , court case costs in Mozambique and share dilution.
Total value £200 million if concluded in 2021, 10 years of disputes. Any later than 2021 add £10 million for each year. Minus of course our no win no fee practice, I haven’t a clue what the percentage will be, say 25% so final amount to Pathfinder ... £150 million.

Share price at least 37.5p

Stay Safe and Stay Alert as rampers are pumping on this BB

TrustedInvestor,

I have never used Telegram but set up an ID several months ago. I have just been into the App and there are no invites in there, which from other Apps I use I would have expected.

Can you check Adamsky33 has been added and should I be doing anything my end !

Sorry to clog the BB up, thanks.

Adamsky

Thank you bugzy

It will be a very happy one if this baby delivers.

Stay Safe

Adamsky

oldschool321

You are quite right the defendants were both Veloso and Cavaco so both owe the U.K. Court costs but it depends whether Cavaco will give evidence against Veloso especially as he has got his money from the Chinese.

My view is that if Veloso has sold this clears the way for the Mozambique Government to return the license to Pathfinder without upsetting Veloso and all his cronies in the various Mozambique positions in authority. The Chinese company can complain but the reply will be ........Hard Cheese, if you did due diligence before you bought the license you must have known it was in dispute.

bucklefern

Nice to see you are back. New born posters pumping the stock. I have been invested here since 2013 and I have an optimistic view substantiated with facts. oldschool321 is critical of the BOD and was the one who carried out the research and discovered the average BIT process takes 4 years with a 43% chance of success. Not exactly pumping the stock but negative facts I would say.

Who else are you referring to ?

It would be nice if you gave a few facts to back up your opinion rather than accusations that cannot be substantiated.

The one fact you did mention was that there was a less than 40% chance of success. Nobody knows the other cases in depth but as the other ‘pumpers’ , sorry posters had mentioned, how many of these cases actually had a U.K. High Court judgement in their favour?

You are correct in that we could get diluted and lose the BIT claim and it could drag on for 4 years.

We could also win the BIT claim and get the license back and compensation after a couple of years.

Also the Mozambique Government might realise they are on a hiding to nothing and come to a compromise with Pathfinder in the next few months.

Nobody knows and only time will tell.

I look at the facts and make my own investment decisions.

So bucklefern please state why Pathfinder will lose the BIT claim , preferably with facts ?

Stay Safe , Stay Alert and Stay Long

PS The reason why I post more these days is that I retired two months ago and have more time on my hands.

Adamsky

oldschool321

Thanks for your reply and my thoughts below.

Regarding a takeover highly unlikely at the moment as the process is in the early stages and far too risky.

Pathfinder finds another money generating asset, my concern is it will potentially cost Pathfinder money to get this up and running. Are we better of diluting for another asset or dilute to keep the company going during the BIT process ?

As regards the return of the asset, IF we win the BIT legal challenge we will get 100% back of the license and compensation.

If the Mozambique Government decides to discuss the license Pathfinder must insist on a greater share of the license as if they are not happy with what is being offered just go through the BIT process.

Either way if we have a strong enough argument we should get a far better deal than probably the crumbs currently being offered by Veloso.

Also don’t forget Veloso and Cavaco had a falling out, I am sure as part of the BIT process Cavaco will be more than happy to assist the investigation with the inside information regarding the theft of the license.

The more I think about our situation and potential outcomes the more positive I feel.

Stay Safe, Stay Long.

Adamsky

Morning oldschool321

Excellent research.

As you know I am the optimist when it comes to Pathfinder, others like lootagloot , bucklefern and we once had the famous Riddler posting all are saying we have had it.

Let me give you an example of what has happened here with the mining license.

Someone turns up at the house you own with official land registry deeds with their name on them. Did you officially sell , transfer or give your house away ? NO
Have you defaulted the ownership of the house by mortgage arrears or debts ? NO
So how come the deeds have a new owner on them ?

As regarding the costs of the BIT that will be paid for by our no win no fee legal practice.
As regarding the length of the BIT I would hope as this appears to be a simple case that it won’t take anywhere near 4 years.
As regarding dilution Pathfinder are looking at getting the U.K. Court costs back, I know the Mozambique Courts found some obscure get out clause for this but you cannot take part in a legal case and then challenge the ruling, put up no defence and then refuse to pay.
If the worst comes to the worst then yes raise funds through share issues and dilution.

The potential rewards.

Mozambique Government realises that they are on a hiding to nothing and gives the license back.
Pathfinder was valued at £80 million when we first had the licence add on a conservative 25% with the resource upgrade, total £100 million.
Pathfinder should also insist on compensation for the lost 9 years of license development whether in the form of money, another license or infrastructure paid for by the Mozambique Government.

BIT process goes all the way and Pathfinder win, as above £100 million plus £10 million per year compensation for loss of earnings , court case costs in Mozambique and share dilution.
Total value £200 million if concluded in 2021, 10 years of disputes. Any later than 2021 add £10 million for each year. Minus of course our no win no fee practice, I haven’t a clue what the percentage will be, say 25% so final amount to Pathfinder ... £150 million.

So only 50 or 75 times our current market capitalisation.

Worth a punt ? You bet !

Stay Safe and Stay Long

Adamsky

Evening All,

Telegram ID is Adamsky33 , if you could add me to the group I would be grateful.

Just caught up on the RNS and postings.

Belluscura - From my understanding in the next 30 working days we will get FDA approval for Belluscura’s X-PLO2R. I sincerely hope so.

Guident - Two NDA’s signed for the shock absorber technology, let’s hope for some really positive news.

Salarius - interesting about pushing MictoSalt in Mexico and selling smaller bags of crisps through Amazon. We need a solid update of sales of MicroSalt and SaltMe crisps to give us some momentum.

Lucyd - there appears to be a massive PR and SM exercise. This is one of TekCapital’s companies that I feel they have done all they can do to promote and now it’s down to the quality of the product.

Smart Food Tek - nice if we had an update of the 5 companies testing the product.

Have a good evening and Stay Safe

Adamsky

Afternoon oldblue1973,

Extract taken from the strategy RNS..........

“Pathfinder will seek to engage further with the Government of Mozambique and attempt to recover the Licences and advance their development alongside a strategic partner”

I guess as the last action before the BIT process we contact the Mozambique Government and give them one last chance to remedy the situation before it gets a lot more publicity by going through the BIT process.

If the Mozambique Government replies as quick as their courts then after Christmas.

PLEASE NOTE I didn’t say which Christmas.

Stay Safe and stay very patient.

Adamsky

Good morning buclefern,

Good to have a reasonable post from you apart from you insult to nosirender,you just can’t help yourself.

You have put your opinion from a derampers point of view, let me put it from a rampers point of view.

“with the prospect of endless litigation and fees, hard to see where this is going.”

We will engage a no win no fee legal challenge. They will be biting our hands off with the U.K. Court ruling and the corrupt practices in Mozambique.

“The warrants suggests:
1. Limited upside.
2. Two year wait for limited upside.
3. Align research involved again (conveniently not mentioned). If not Align, who?

This comes from PFP, not BF.”

1. The share price will have to triple from here to make a profit. I have seen some companies issue warrants at nearly the current share price.
2. This is the normal length for warrants
3. How do you know it is Align and if it is great confidence to take their fee in shares and not ££

This comes from buclefern as you have put your own slant on it.

Stay safe, stay invested and don’t insult other posters.

Adamsky

Nosirender,

Thanks for the kind words. I didn’t post much until I retired recently and I take exception to people who make things up and try to use it as part of their argument. There are facts and people’s own take on things which is fine , but insults, lies and libellous comments are not on.

I will engage in conversations and debate but not with people who behave like bucklefern and thanks for the insight.

Back to Pathfinder, in life I am normally a pessimist, I say I am a realist ! But with investing in shares like this you either are optimistic and hold or a pessimist and should sell. Will it pull it off I sincerely hope so, we need the backing of the U.K. government if that is possible.

The main point I keep repeating is we have won the ownership in the U.K. courts but The General and all his cronies in the government, courts and licensing department seem to be intent on doing everything in their power to ignore the facts.

It is sad that a country and local community that could use the benefits of the resource has been held up by one person who I am guessing is not in poverty.

I have always stated that if we lost the license we should use the available funds to publicise that Mozambique is not a place for businesses to invest in.

I am more than happy with the current situation, as Align has said, the gloves are off, let’s get the BIT underway and send a warning shot across the bows of Mozambique.

Some posters have said that with all the turmoil in Mozambique and the pandemic this action will not even register. I take the opposite view that Mozambique needs investment from overseas companies and cannot afford bad publicity.

Let’s get the whole license back and settle for nothing less.

But who knows

Stay safe and stay invested

Adamsky

Apologies for the double post but the first one wasn’t appearing after 15 minutes.

I will blame the LSE website as there has been issues over the last few days of posts being displayed.

Sorry

Adamsky

buclefern

Thank you for the lecture of how I should listen to opposing views, which I would do if they weren’t littered with libellous statements, statements with made up information and half truths. As per the three extracts below ...

1. “I think the PFP lawyers who teed this up probably had no clue what they were doing, given they were working for a two-pence half-penny AIM company. These could be the root of all PFP problems.”

2. “Need to get rid of the imperial mentality here, because it no longer applies. After 31/December this year you are own your own and that veil of authority will become a distant memory, not withstanding it is not even valid now. “

3. “Is the reason for the license [mis]appropriation somehow connected to impropriety of the PFP directors in the original handling of the deal?”

I try to stick to the facts with a biased view probably of being an investor. You throw a few facts and valid opinions in and then resort to the above. Number 2 above, what are you going on about ? “You are own your own”, I think that is meant to say on your own’. Where are you based in Mozambique?

We can all have opinions whether you are invested or not and we both think we are right. I won’t engage with you any further, not as you will probably claim that I can’t see the facts and face the truth but because of the three examples above.

Apologies in advance for preaching this fact...
PFP are owed £1.7 million in court costs and an AIM shell company is worth about £.5 million, bringing a total value of £2.2 million. Money will be used in expenses and retrieving the court costs money but our current market capitalisation of £2 million is based on us just being a cash shell company.

As I have just seen posted, which is a valid observation, why did you stay invested after in your opinion the Supreme Court ruling was the end game. Deep down the long term investors knew that we would get nowhere in discussion with the thief of a General, as proved in the U.K. High Court.

PS I am going out for the day before lockdown and would love to debate with anyone who sticks to facts and their own reasonable opinions.

Stay Safe, stay invested and stay long

Adamsky

buclefern

Thank you for the lecture of how I should listen to opposing views, which I would do if they weren’t littered with libellous statements, statements with made up information and half truths. As per the three extracts below ...

1. “I think the PFP lawyers who teed this up probably had no clue what they were doing, given they were working for a two-pence half-penny AIM company. These could be the root of all PFP problems.”

2. “Need to get rid of the imperial mentality here, because it no longer applies. After 31/December this year you are own your own and that veil of authority will become a distant memory, not withstanding it is not even valid now. “

3. “Is the reason for the license [mis]appropriation somehow connected to impropriety of the PFP directors in the original handling of the deal?”

I try to stick to the facts with a biased view probably of being an investor. You throw a few facts and valid opinions in and then resort to the above. Number 2 above, what are you going on about ? “You are own your own”, I think that is meant to say on your own’. Where are you based in Mozambique?

We can all have opinions whether you are invested or not and we both think we are right. I won’t engage with you any further, not as you will probably claim that I can’t see the facts and face the truth but because of the three examples above.

Apologies in advance for preaching this fact...
PFP are owed £1.7 million in court costs and an AIM shell company is worth about £.5 million, bringing a total value of £2.2 million. Money will be used in expenses and retrieving the court costs money but our current market capitalisation of £2 million is based on us just being a cash shell company.

As I have just seen posted, which is a valid observation, why did you stay invested after in your opinion the Supreme Court ruling was the end game. Deep down the long term investors knew that we would get nowhere in discussion with the thief of a General, as proved in the U.K. High Court.

PS I am going out for the day before lockdown and would love to debate with anyone who sticks to facts and their own reasonable opinions.

Stay Safe, stay invested and stay long

Adamsky

lootagloot and buclefern , you guys are obviously no longer invested and so are posting negative and sometimes inaccurate information to justify your stance, I try to post positive and hopefully accurate information as I am still invested.

So to answer your questions bucklefern

1. Investor01 answered this
2. The Chinese can start mining at the risk of in the future losing the license
3. Nobody knows the exact terms of the license but if there were conditions attached about starting mining why wasn’t the license cancelled years ago
4. I agree Align were overly optimistic at the start but how do you know it wasn’t the General leading us up the garden path for the last few months
5. We haven’t been a mining company since the licenses were stolen years ago

lootagloot

The Supreme Court wouldn’t recognise the U.K. ruling as the U.K. ruling didn’t specify which court in England and Wales, same for the legal costs case in 2014. Please correct me if I am wrong the court did not rule that the licenses were held by General Veloso and Diogo Cavaco just they didn’t recognise the U.K. court ruling.

bucklefern

Your arguments were quite reasonable until you came out with following statement “Is the reason for the license [mis]appropriation somehow connected to impropriety of the PFP directors in the original handling of the deal?”

What evidence have you got, that is potentially libellous. If you want to post negatives please stick to fact based arguments.

Also ...

“Presumably AR's amateur hour posting lackey will come on here trying to justify/glorify the reasons for holding on here. I'll be amused to see that.”

Well both of you are doing the opposite, have you something against Align ?

Perhaps you can answer why the directors and Align have bought shares recently ?

Stay Positive

Adamsky

Bugzy,

I think it all depends on how much they have already paid for the STOLEN licenses. I am making a wild guess of whatever is left of £100 million.

Bucklefern,

Can I first of all ask what your interest in PFP is ? You are correct in the corrupt world of Mozambique we own nothing. But in the U.K., owing to the court ruling , we legally own the licenses and hopefully on the international stage via BIT we will own the licenses.

IF the Chinese own the whole licenses do they either want the ownership drag on for a couple of years and ultimately lose the licence. The better solution for the Chinese would be to pay PFP to negate any potential issues with the license.

As I have mentioned before which court ruling would you place your bets on by an independent international authority, Mozambique or the U.K.

Adamsky

Hello long term suffering investors , the light is on at the end of the tunnel.

In one stroke PFP have taken out of the equation:-

The General, who wields great power but is a thief - UK High Court Ruling
The corrupt Mozambique mining department that assisted in the illegal transfer of the mining licenses
The corrupt Mozambique courts that somehow came to the conclusion that PFP didn’t own the licenses and wouldn’t recognise the U.K. High Court Ruling
The corrupt Mozambique Government who stood by and let all the above happen

Posters are already saying ‘what about Oxus Gold and Churchill Mining who appeared to have a very strong cases against Governments but lost’

I am sorry to admit I lost money on both of those. This time it is very, very different as we have a U.K. High Court ruling in our back pocket. (Which the General appealed against and then didn’t produce any evidence and was thrown out of Court). Also remember we are still owed over a £1.7 million in costs from the U.K. High Court ruling and all the money we have spent on legal expenses chasing our claim through the corrupt and totally ineffective Mozambique Courts over the years.

If this does go all the way, which I hope it does now, which ruling will be taken into account the UK’s or Mozambique’s ?

The current situation:-

A Hong Kong registered company owns half the stolen license - depending on the BIT ruling could be worthless

The General owns the other half of the stolen licence (unless he has sold it to the same Hong Kong registered company) - depending on the BIT ruling could be worthless

The likely outcomes :-

The Mozambique Government and The General negotiate a deal with the Hong Kong based Company or other interested parties in which PFP gets a very large share now.

If this cannot be resolved amicably, with a person and a Government that cannot be trusted, and the BIT ruling goes in PFP’s favour, the Mozambique Government, mining licensing department, The General and the Mozambique Courts will be shown how rotten to the core they all are. But more importantly The General gets nothing and hopefully his reputation is left in tatters and PFP get a very, very valuable asset.

IF the BIT ruling goes against us we get nothing but a shell company.

Let’s get ready to rumble

Adamsky

lootagloot,

Your statement of “have wasted the last two years running round in circles created by the General.” is inaccurate in that the Supreme Courts decision was the end of May, 5 months ago, so the BIT process could not have commenced before then. In fact it is the opposite as PFF has engaged during this time with The General demonstrating that all avenues have been exhausted , something Nick Trew might not have done and the BIT might have been rejected because of this.

I was voting against Align at the non convened EGM but have warmed to them providing we are not left holding the baby whilst they bail out. I don’t like their employee posting on here as at times he was rude, confrontational and aggressive, no need for that. I also don’t like Align’s Twitter feed to be used for their opinion on the lockdown, I want financial tweets and don’t want to have to trawl through political posts to find the financial ones.

Stay Safe, patient and positive.

Adamsky

I have had replies back about 2 weeks ago, just keep forwarding the same e-mail back to them.

Are you sending it to Tim ?

Adamsky

MaximusD,

Thank you for your comprehensive reply.

I totally agree with you that AIM is littered with failures and false dawns and ultimately one or more of TekCapitals products will be successful.

I am maybe a bit of a pessimist and look at what was promised, as an ex IT Project Manager delivery date and minute details were the name of game.

As shareholders we need to ensure the BOD listen to us and our concerns as we see them and to air our opinions and pass on our observations as nobody is infallible.

Regarding Belluscura the management has failed , they have failed to deliver FDA approval in the timescales they have set. Over two years is a major delay without any knowledge of why this has been the case, only a recent RNS alluded to parts shortages for 20 devices required for FDA approval. The RNS raised more concerns as there was speculation on this board of should the management have known about these devices in advance. I agree that the company can’t constantly feed us all the news but the communications regarding the whole FDA process has been deplorable. I am invested in another company seeking FDA approval and the RNS’s throughout the whole process has been detailed , comprehensive and informative. The lack of updates leads us to speculate negatively as to the reasons why delays have happened.

The only question I would ask would be if you are an investor in Walkers Crisps or Golden Wonder would you raise the same concerns I have as my perception, maybe incorrect, is Victor should concentrate on his role as CEO of Salarius and not his other work.

Investment wise we are on the same page but have differing opinions as to the companies behaviour in certain instances is healthy to debate.

Stay Safe

Adamsky