Member Info for goldminer21

TeelaBrown, it’s worrying that there’s no evidence that Align and proposed new CEO have even been to Mozambique to meet face to face with key players yet they are saying that a deal is doable. How can a deal of this nature be done when they have not even met each other?

Any guesses on who the Chinese Mining Corporation was that DC attempted to sell the license to? From the RNS, DC has been attempting to sell license 4623C for 5 years now but with no success. It just proves that there is only one way out for DC and GV - do a deal on a reasonable basis with the current BoD of PFP. If there is no deal then the Moz high court, I believe, will rule in accordance with English high court due to UK/ Moz political pressure, in which case DC and GV will end up with nothing.

The same applies to any info found on the www I guess. If I was a pro researcher then for sure I would have phoned Liam Fox himself to verify but I doubt he would have taken my call.

Cabman, that was me who posted the link to this news story a few days ago when I was researching the issue, and it has appeared on several websites. Nevertheless, the important bit of info is from the RNS which says: "The Directors continue to seek to increase the prospect of an earlier resolution than that which may be achieved through the courts through communication between the Ministry of Minerals Resources of Mozambique, the UK's Foreign & Commonwealth Office, the Directors and Pathfinder's legal and regional representatives in Mozambique. A change of leadership could put this process at risk." So BoD is still talking with UK Gov in order to reach a solution. Can I ask separately if anyone will be attending the EGM in person? I can't make it but a good turn out in person from shareholders who vote AGAINST the resolutions will give our BoD a confidence boost to get this sorted out asap. I'm 90% confident and 100% hopeful that this will be sorted out in 2018 and by 2022 that mine will be operating and the SP will be well over 1 pound - and GV and DC will be long gone.

SP manipulation?

Some good analysis, Adamsky - especially agree with your point 14

DM, that's one way to look at this, but now its time to cast votes. Liam Fox met with Moz President Filipe Nyusi last week in London and UK companies investment in Moz minerals sands was discussed, so its quite possible that the Moz high court ruling - in line the with UK high court - is closer than we think. http://clubofmozambique.com/news/uk-pledges-gbp-2-billion-investment-in-mozambique/ My view is that the letter from DC comes across as his last hand to be played and it could be because the Moz high will soon rule in favor of PFP plc and DC knows it. From the RNS, DC was not even included by GV and his daughter in framework negotiations with BoD! If the EGM vote is in favor of Align resolutions then I think this is a vote for DC and he will drive PFP's share price to 0.01p by this time next year, so I'm voting to keep NT and HB to get the job done.

I’ve read the RNS several times now, and based on this I think if the BoD are removed then, as shareholders, DC would “sell us down the river” Look at what DC has told Zitamar News in Moz. If we are lucky, then PFP plc might be considered for breadcrumbs from the table.

Agree with that L&W. Dinoman- Trew has over 21 mil shares so if he gets licenses back then with a realistic medium term SP of 10p this would increase his net worth by GBP 2mill, and then many more millions in later years, so this is a much bigger incentive than base salary. An EGM is not the way to solve this - they all need to get together around the table in Moz to sort this out. I found it very odd that it appears that DC has acted independently from communications that the BoD has had with GV and his daughter - very odd.

Based on this surprise new information I’ll also stick with the BoD, unless Align put forward a better case. At this stage doing a deal with DC as front man looks very doggy indeed.

Any predictions from anyone on where medium term SP is heading now that BV is majority shareholder?

Dinoman, I would also like to see a response from Align because the framework agreement, according to BoD, was presented and discussed with GV and his daughter but DC was left out. Why was DC left out? - it appears that he is operating independently from GV and his daughter. The plot thickens.

At last the BoD has spoken. So a framework agreement was being negotiated with GV and this daughter afterall - but not with DC? Seems like DC is acting alone and does not speak for GV? - seems like DC has been playing games after all.

Interesting that the UK Gov meeting with Moz Gov mentions heavy sands... http://clubofmozambique.com/news/uk-pledges-gbp-2-billion-investment-in-mozambique/ Does this now mean that the Moz high court will now be compelled to make a final judgment in agreement with UK high court?

But then what is the solution to this then Longandwrong? - I'm at a loss. I'm sure all shareholders want the quickest and best value solution such that we don't get a horrendously bad deal from Moz, and also we don't want to still be stuck in limbo at the end of 2018 with current BoD still getting no ruling from Moz high court until PFP is diluted to high heaven and then is eventually suspended on aim down the road.

I hear what you're saying investor79, but the fact is that current BoD has had 7 years to get this sorted out and with no result. On top of this, on the assumption that letters sent by DC are genuine, then the BoD should have disclosed this back in last quarter of last year but they did not - instead they told the shareholders that there was a willingness for all parties to sign the deal. So if shareholders vote to continue with BoD then what? - wait for moz high court ruling, dilute, dilute dilute, then suspend on AIM in 2019 when ruling does not come? I agree that the details of the Align EGM resolutions need to be scrutinized carefully, but at least Align has proposed a solution whereas the BoD has not.

well over 50p IMHO, then to over 100p in May.

over 1 pound by month end!

be back up to near 1 pound in next few weeks...

If the BoD can pull a rabbit out of a hat by announcing a Moz high court win very soon then great, but if not then the key resolution in the EGM still stands - so if enough shareholders win the vote then its T+B to go and then James Lumley as new CEO I'm sure can select a competent finance director, then this deal can be done - June/ July?