Member Info for goldminer21

Totally agree - this is why MYSQ had an unsolicited approach as leaked in January. The company / s making the approach, without naming names, have done their homework and they know how to identify potential.

"counter-intuitive" is the word that comes to mind. RNS's have confirmed that they are in talks with possible big fish - maybe for investment or buyout - yet the SP goes down.

InvesterInvester - you would hope that it would be possible for that to happen given the players on the scene - Ie Liam Fox's visit to Moz, the Moz Mineral Resources Minister Leticia Klemen visit to the UK, influence by Bellingham and Mondlane Jr given their backgrounds and pedigree - but has it happened? - no it hasn't. Where are the results six years after the UK high court ruling? If current BoD told us next week that the Moz high court ruling was soon then you might have some hope, but they haven't said that. Out of court deal appears the only solution, and with different BoD.

on their website MYSQ appears only to have annual reports.

roughly when do Q1 2018 results come out?

Any comments from anyone as to why the 5 mil sell went through late last Wednesday, the day before the RNS came out? - Perhaps a savvy investor or just plain lucky?

wow - I'm definitely staying in for the long run on this one then!

Any guesses on which two companies, adzeds? - surely an acquisition RNS would push SP to well over 10p?

I see this as quite a simple matter. The 2012 UK high court win was indeed a celebratory victory for PFP shareholders but, let�s face it, that was a whopping 6 years ago and to this day the BoD has not got the main job done of having the licences restored to PFP. The BoD needs to be changed asap so as the deal can be done, licenses restored, the mine built and up and running by 2021. If the BoD stays, then what? - more dilution, no Moz court decision ever being made and eventual suspension on AIM, no thanks. No offence to the current BoD, but business is business. You have my vote on this one, Richard - shareholders deserve a new fresh beginning for PFP with great success ahead!

Lets hope so Chris2. All the fundamentals seem to be there. Buyers buy based on future potential value, so I think it will be 8p plus by end of April.

Some smart analysis there, Silotar, so thanks for that.

Agree with that, Dijon. The way I read this is that negotiations are still very much alive and with the business fundamentals showing steady growth its obvious to me that an offer will be made in the not too distant future. Remember that the M&A activity in the Asian tech. sector is at an all time high so the potential big fish investors / buyers of course will still be hunting down MYSQ.

Well said Messyaffair. We are all worn out by this long running dispute and a workable solution now appears to be on the horizon, as long as the proposals in the EGM are compelling. Then possibly by 2021 the SP could be well over 1 pound, we'll all be happy and the people of Moz will have jobs for years to come on this project - roll on a new chapter for PFP!

So if EGM is successful and Trew and Bellingham go, and with new BoD come in to do the deal, then will licences be restored to PFP such that Cavaco/Veloso walk away for good with cash settlement? - ie we don't want a new BoD mired in the same disagreement which brings it back to square one.

Latino - PFP CEO is accountable and no one else. If EGM goes ahead then Trew will need to account for the RNS's put out versus the letters from PM SA. Also the main job to get the licenses back has not been achieved as he is accountable for that too, no one else.

I like the sound of that Mernell - yes, once this is all sorted out, most likely with a new BoD in my view, then that mine will be pumping heavy mineral sands and the SP will be well over 1 pound, and by that time the general will be long gone and the people of Moz will have jobs on the project for years to come.

Steelr66 - that doesn't make any sense at all for the licences to have been terminated. If GV and DC moved into the house next door to Buckingham Palace and then the next day the UK land registry office tells QE2 that the deeds to the palace have terminated and are now registered under PM SA in Moz, then this would constitute an this illegal transfer. The UK judgement makes for a fascinating reading on how it all unfolded in 2011: http://www.pathfinderminerals.com/~/media/Files/P/Pathfinders-ECW/Attachments/presentations/english-high-court-judgment.pdf However, given this the BoD I think needs a radical new plan to get this sorted out once and for all and quickly!

I didn't know that, L&W, very interesting and it surely should have a great deal of bearing on this case. Mineral sands projects in Moz are important but the foreign investments are tiny compared to the multitude of big oil and gas plays. If the Moz high court does not go with the UK high court eventually then you can bet news of that negative result will go straight to the desks of the CEO's of many of the big oil and gas (and mining) companies you can think of.

These licenses have to surely one day come back to PFP, unless the Moz government wants to lose billions in foreign investment. Here's just one example - Shell's new refinery project in Mozambique with a whopping price tag of 7 billion dollars! https://mozambiqueminingpost.com/2017/05/19/mozambique-oil-gas-shell-refinery-to-cost-7-billion/

I heard that at the AGM last year on 8th Nov. Trew said that there was a willingness from all parties to have an agreement signed, so was this before or after the letters from PM SA arrived to refute claims that negotiations were underway? There is a big disconnect somewhere and so it would be good to know the dates on which letters were sent by PM SA and put this to the BoD to ask if they had received letters before the 8th November AGM last year or not. All the same, assuming the letters are genuine and the timeline of when they were received by PFP plc was from Sept/ Oct 2017 then the BoD have a lot of explaining to do. As a substantial shareholder himself Trew would surely do better financially to move aside for new management and let negotiations be finally concluded?