Member Info for Dip666

Who's messing with your posts oldblue, did you have some removed?
Many of us have moved across more and more to other platforms, especially on GGP board where we got fed up of constant trolling and those users never getting bans and those of us fighting back getting bans instead, become a joke last few years......I think the traffic has drastically reduces on this site nowadays.
Anyways - don't think the new subsidiary is accidental, probably something lined up irrespective of how close a deal is perhaps but as always - hardest thing in this game is patience :-)

SPECIAL RESOLUTION
8. THAT, subject to Resolution 7 being passed, the Directors be and are hereby empowered to allot equity
securities (as defined by section 560 of the CA 2006) for cash, pursuant to the authority conferred by
Resolution 7 as if section 561(1) of the CA 2006 did not apply to any such allotment, provided that this power
shall be limited to:
a) the allotment or grant of equity securities specified in Resolution 7;
b) the allotment of equity in connection with an offer of equity securities:
(i) to the holders of Ordinary Shares in proportion (as nearly as may be practicable) to their respective
holdings; and
(ii) to holders of other equity securities as required by the rights of those securities or as the Directors
otherwise consider necessary, but subject to such exclusions or other arrangements as the Directors
may deem necessary or expedient in relation to fractional entitlements, record dates, legal or
practical problems in or under the laws of any territory or the requirements of any regulatory body
or stock exchange; and
c) the allotment of equity securities to any person up to an aggregate nominal amount of £125,000.
The authority granted by this Resolution will expire 15 months from the date of this General Meeting or earlier if substituted by a new authority granted at the next annual general meeting of the Company, save that the Company may, before such expiry make offers or agreements which would or might require equity securities to be allotted after the authority expires and the Directors may allot equity securities in pursuance of any such offer or agreement as if the authority had not expired.
This Resolution revokes and replaces all unexercised powers previously granted to the Directors to allot equity securities as if section 561 of the CA 2006 did not apply but without prejudice to any allotment of equity securities already made or agreed to be made pursuant to such authorities.

Resolutions:
ORDINARY RESOLUTIONS
1. To receive and adopt the Directors’ Report and the Financial Statements for the year ended 31 December
2020, together with the report of the auditor.
2. To reappoint Dennis Vernon Edmonds as a Director.
3. To reappoint Peter Wilson Taylor as a Director.
4. To appoint Mark Richard Gasson as a Director.
5. To authorise the directors to reappoint PKF Littlejohn LLP as the auditor of the Company to hold office from
the end of the meeting to the end of the next meeting at which accounts are laid before the Company.
6. To authorise the directors to determine the remuneration of the auditor.
7. THAT, in accordance with section 551 of the CA 2006, the Directors or a duly constituted committee of the
Directors be generally and unconditionally authorised to allot or grant rights to subscribe for or to convert any
security into Ordinary Shares in the Company (Rights) up to an aggregate nominal amount of £125,000,
provided that this authority shall, unless renewed, varied or revoked by the Company, expire 15 months from
the date of this Annual General Meeting, or if earlier, at the end of the next annual general meeting of the
Company, subject to this authority being substituted by a similar authority at that meeting, save that the
Company may, before such expiry, make an offer or agreement which would or might require Ordinary Shares
to be allotted or Rights to be granted and the Directors may allot Ordinary Shares or grant Rights in pursuance
of such offer or agreement notwithstanding that the authority conferred by this resolution has expired.

CONTD.....

Link to 2021 FY Report:
http://www.pathfinderminerals.com/~/media/Files/P/Pathfinders-ECW/Attachments/Reports/2021%20Annual%20Report%20Full%20Website%20vF.pdf

Link to AGM and Resolutions (page 8):
http://www.pathfinderminerals.com/~/media/Files/P/Pathfinders-ECW/Attachments/pdf/Notice%20of%20AGM%20Circular%20Website.pdf

https://www.youtube.com/watch?v=P7D1KqKf4NE

Alien Metals PLC chief executive Bill Brodie Good joins Proactive London to talk about ore quality at the company’s Hamersley iron ore project in Western Australia, saying “as the days go by we're more and more encouraged by the quality of the material and the economics of the project”.
He talks about what the company is doing with potential off-takers and how “incredibly unaffected” the Han**** tenement at Hamersley is to even larger drops in iron ore prices.

Notice of AGM

Pathfinder announces that it has today published a notice convening an annual general meeting ("AGM") of the Company (the "Notice"). The Notice will be posted to shareholders today, and is available on the Company's website at: www.pathfinderminerals.com.

The AGM will be held at 35 Berkeley Square, London, W1J 5BF on 30 June 2022 at 12.30 p.m.

PFP Final Results:
http://otp.investis.com/clients/uk/pathfinder/rns/regulatory-story.aspx?cid=195&newsid=1591410

https://uk.advfn.com/stock-market/london/pathfinder-minerals-PFP/share-news/Pathfinder-Minerals-Plc-Final-Results-for-the-Year/88295787?xref=newsalert

The full report should eventually be posted on the web page below soon:
http://www.pathfinderminerals.com/investor-relations/financial-reports-and-presentations/financial-reports/2021.aspx

@GG1 - As it's GGP only updates for interim reports in between the NCM quarterlies moving forward, it will more probably just be an RNS on Thursday morning from GGP.
Next NCM Wednesday night Quarterly results nights are on July 20th & Oct 26th in our GMT time zone.
They also have their FY Results on Aug 19th and AGM on Nov 9th so the evening on the day before for both dates for us in GMT (Aug 18th and Nov 8th).

@Avo
GGP = £448m market cap and 4.07 Billion shares issued
WSBN = £23m market cap and 174m shares issued

Dividing the market cap by number of shares = Share price.

Example:
Company X has a market cap of £100
If 100 shares are issued then each share is worth £1
If 1,000 shares are issued then each share is worth 10p
If 10,000 shares are issued then each share is worth 1p

Hi all,

I've put together some useful links and info. that might help in building a basic understand of kriging and unfolding to help understand some of the methodology applied by the GGP team in creating our independent resource & reserve update, link below:

https://www.mediafire.com/file/flngyoovvhgz4rx/Bamps_thoughts_on_methodology_used_in_GGP_Resource_Update.pdf/file

Great to see positive action on the SP too :-)

@Bamps - This might help with getting more insight into unfolding if you haven't come across this yet :-)

https://www.researchgate.net/publication/314034572_Incorporation_of_geological_information_on_unfolding_and_restoration_of_veins_for_ore_body_evaluation

oops - slight correction!

I've collated some info on the Valmin Code / 5% Option Exercise below:
https://www.mediafire.com/folder/uv8jaum5kycrr/-+FMV+Valuation
- The file '- Useful Valmin Links.rtf' has details of what is in each folder/file

This second link to more general reference material:
https://www.mediafire.com/folder/dhg76ksjgan5r/GREATLAND+GOLD
- More general reference material such as results, resource estimates and interview notes/transcripts.

http://ggphelp.co.uk
- Website set up and run by Liam who hosts and runs the TG groups and YouTube live streams/interviews which has a host of useful links / information on everything related to GGP of interest to a new investor.

Good to see some new posters here :-)

I've collated some info on the Valmin Code / 5% Option Exercise below:
https://www.mediafire.com/folder/uv8jaum5kycrr/-+FMV+Valuation
- The file FMV Valuation Process.rtf has details of what is in each folder/file

This second link to more general reference material:
https://www.mediafire.com/folder/dhg76ksjgan5r/GREATLAND+GOLD
- More general reference material such as results, resource estimates and interview notes/transcripts.

http://ggphelp.co.uk
- Website set up and run by Liam who hosts and runs the TG groups and YouTube live streams/interviews which has a host of useful links / information on everything related to GGP of interest to a new investor.

Hi Ben - we're not looking at Johnny Depp vs Amber Heard I think mate, but wouldn't that be fun lol
The 3rd party will review both valuations and then with some reasoning I presume announce which they consider a more accurate reflection of FMV and anoint the value in that valuation as the 'price tag' for NCM to consider for 30 days.
@TT - I agree, no legal background myself but I paid a lot of attention and effort to the wording in contracts and SLA's with clients and suppliers while running a company, lack of attention to details and any lack of clarity can seriously impact you/them and indeed our very thorough approach always ensured any issues were soon ironed out. Much like a good accountant, a good lawyer is very much worth their weight in gold.
The fact Sandeep offered 20% means both parties were (and probably still are) quite far apart and we can easily conclude that in how NCM seem to be trying to use their PFS vs GGP's independent MRE as the base to move from in negotiations. If a stalemate remains it just makes no sense to hold on and Shaun seems confident about arbitration from my own perception of interviews.
Personally, I would have offered a final deal around now i.e. Sandeep this is the most we feel we can move down and remain fair to our own shareholders, can we agree on you moving up to X and we'll use the average as per the process....or let's fire up Stage 3 and leave it to arbitration. Either they come back with an amenable deal or I'd say OK, we're still going around in circles so lets initiate arbitration as that really was as much as we can move down.
There are also scenarios where once an arbitrator appoints the 'winner' , especially if it is our valuation, I personally might be inclined to say, Hey Sandy - let's shave a few million off for you if you're happy to tweak this part and that part of the JV. and create a win/win situation for NCM and perhaps some longer term benefits for us.
The way I see it, NCM could always offer to buy us out a few years into production or in a decade for all we know when Havieron's potential is more proven officially and their own shareholders more likely to agree to an acquisition - it will always be something to consider and we shouldn't fear such a scenario if we believe we have a competent team to negotiate a good deal that might make sense - although I like many favour many decades of wealth from Havieron.
Who knows - a merger might make sense in 10-15 years if we have more success with our tenements and through inorganic growth and become somewhat of a major Oz player.....you just don't know in business :-))

You might be rioght OldBlue, Kenmare could be in the mix hypothetically and acquisitions always pick up in good markets for commodities due to an oft repeated lack of exploration by majors.
Surely the PFP team will be planning ahead for a scenario where we may get an eventual influx of money from TZM to pay us to politely bu*ger off IMO and the new subsidiary might be linked to something our team are planning along the EV market demand (located in Zimbabwe and Malawi perhaps as in a previous RNS) , perhaps even irrespective of a resolution with TZM in the near term - but well picked up Investor01.

Extracts from the 12 Apr RNS on Company Strategy Update might hold some clues :-
https://www.lse.co.uk/rns/PFP/company-strategy-update-n86l6xfe03me8bm.html

Extract:
As previously announced, the Board is discussing strategic options with institutional litigation funders and other parties, which now range from conventional litigation funding arrangements, whereby the legal costs of the claim would be borne by the funder on a contingency basis, through to a full acquisition of the claim via a disposal, subject to regulatory and shareholder approvals as needed, of the Company's wholly owned subsidiary, IM Minerals Limited ("IMM"), enabling Pathfinder to return, well-funded, to its core objectives of exploration and mining. In this regard, Pathfinder is at the early stage of investigating a range of opportunities within the minerals sector including a graphite project in Madagascar, a lithium project in Zimbabwe, and a battery metals project in Malawi.

Extract:
Given the areas now referred to as the Licence were independently assessed in 2010 to have a market value of between US$107.6m and US$179.3m - prior to the Moebase portion of the Licence being upgraded to Mining Concession status - we believe the current Licence-holder, TZM, has a significant vested interest in protecting its investment in the Licence. The window of opportunity for TZM to act is closing as the Company may dispose of IMM to a third party whose sole objective is to pursue the valuable claim under the Treaty.

I'm telling you OldBlue - you're starting a diabetic epidemic in the Squirrel population in your vicinity :-))

http://www.pathfinderminerals.com/
Mentions Pathfinder Battery Commodities Ltd. on homepage.

Companies House Record - incorporates 20/05/22 :
https://find-and-update.company-information.service.gov.uk/company/14119936

One hopes Nibbles and Squeaker are enjoying the Jubilee Hols and treats in the park OldBlue :-))

Hi Bamps,

Micromine have a YouTube Channel with a couple of longer videos and some brief overviews of their software packages if you haven't already tried there mate:
https://www.youtube.com/c/Micromine

Also, this might be a useful overview for for anyone wondering about Kriging:
The Kriging Model : Data Science Concepts
https://www.youtube.com/watch?v=J-IB4_QL7Oc

Great stuff as always :-))

Rare Grumps is just positioning himself to take advantage of and trade on news, nothing more, nothing less :-)

Yep, nothing to worry about as if our team can't come to agreement with NCM then we go to arbitration and our independent JORC compliant R&R will be taken into consideration along with everything else that backs up our valuation, it's out there, it exists and it will have an impact in protecting our interests.
The team has generated it in double quick time and no doubt worked just as hard on all other aspects of justifying our valuation. Shaun stated in the Sunday Podcast that matters were probably heading towards appointing a third party soon so unless we hear different once Liam's 2nd interview is released then I am assuming that is where we are in the process and think we have every chance :-))