RE: RNS29 Sep 2022 10:25
Align Research twitter
Quite the RNS from Pathfinder Minerals #PFP this morn - uk.advfn.com/stock-market/l… £2m cash & min $24m recovery set against current market cap of less than £2m sets the stage for a major re-rate shouldthe option complete. Key line - "This transaction, if completed, will ensure that the full force of a timely & well-funded Claim is brought against the Government of Mozambique and that Pathfinder could participate very considerably in any financial upside which has been independently evaluated to be worth in a range of US$110 million to US$1.5 billion.
2nd key para - James R Stothard, Chairman of AAG, commented: "I am proud to announce our Option Agreement with Pathfinder to acquire 100 percent of the share capital of IMM in order to vigorously pursue the Claim against the Government of Mozambique. AAG has a proven track record of international claim enforcement. Working with our international legal team at DLA Piper, which also has considerable experience in these types of disputes, we are confident of a successful outcome which will benefit Pathfinder and its shareholders." #PFP