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Nice of the Board to produce an RNS giving us details which we, on this chat board, already knew about 3 days ago !! I wonder where and when they were alerted to this latest development? I can't find anything on the web about TMZ S.A. but also wonder why they would become the new "owners" of a licence when it is under the threat of international litigation. Interesting times and I'm slightly encouraged by the recent sea of blue for PFP on the market. Hopefully the Board will be quicker off the mark in future. GLA
Good spot but at this point does it really matter who, other than Pathfinder Minerals, "owns" the licence? The actions being taken are against the Mozambique Government for allowing an illegal transfer of ownership from Pathfinder Minerals and the recovery of damages and costs from Veloso & Co., as awarded by the UK High Court. The most important news now for shareholders, I believe, is more to do with the results of the revised analysis of and expected outcome from the said actions. GLA.
"The Board is currently in the process of getting the 2014 legal advice in respect of the BIT updated and an analysis undertaken to estimate the chance of success."
Results of the above statement should hopefully be released to the market as soon as they are known !! Seems to me that this information is of paramount importance before sitting down with the Moz Govt. In the meantime, I wonder who is doing the legal investigations and why shareholders were not informed?
GLA
I had a sneaky feeling the documentation was not complete - good spot Adamsky !!
If the General has also sold his interest maybe the chinese now wholly own or are a major shareholder of Pathfinder Mozambique? I cannot find company ownership/director/major shareholder info on Pathfinder Moçambique S.A. Pointers anyone?
Search either PATHFINDER or 4623 C on the map to see results. Yes it is on there after all !! Some informative reading can be found here : https://uk.practicallaw.thomsonreuters.com/0-575-3315?__lrTS=20200513091409831&transitionType=Default&contextData=%28sc.Default%29
GLA.
A blank on the Mozambique Mining Cadastre map, where license 4623C used to be, could mean it has been removed for 1 of 2 reasons : 1. The license has been revoked 2. the license is in a now recognised international dispute process. Either way the contents of the Bilateral Treaty are still enforceable internationally so, until we are informed officially, I see no reason to panic just yet. A very good spot oldschool321 , thank you for the heads up.
Having followed the link and tried a few searches I ask, is the area concerned still showing on the map ? If so, then license details will be apparent.
Amazing how inaccurate this site is from time to time. Does not exactly inspire investor confidence !! GLA.
Look here and use a Respondant Mozambique filter for some pointers : https://icsid.worldbank.org/cases/case-database
Can anyone shed some light as to why two 20 million sells yesterday morning only appeared here at the end of trading? Thanks in advance and GLA (we need it!).
Am unable to auto trade this share : something brewing for sure !! GLA
Large buys at sub 80 - buying back in or increasing holdings?????
GLA
https://www.investegate.co.uk/pathfinder-minerals/rns/final-results/202006300700064484R/
Today's RNS and recent upsurge again smack of insider dealings and share price manipulation. Will this share ever come good for the private investor staying the course or must we continue to trade on the ups and downs of false dawns until the final curtain has dropped? GLA.
A sea of blue after a positive RNS. The fuse is lit & smouldering - by Nov 5th the big bang we have been waiting for could go off!!
GLA.
Been here since December 2012 so have heard it all before and digested all of the BS and misguided crap from the rampers/derampers. For now I remain optimistic that my investment will not dilute even further and end up going down the drain. So it's back to sleep to dream of the day when a deal is finally announced: someone wake me up when something concrete happens pleazzzzzzzzz.
566822 Please expand further on this information. Where did it come from ?
No guessing who the big buyer is !! Hoping to gain some support and momentum methinks. I almost doubled my stake the other day but then thought, what's the point? I have been in for 7 years and unlikely to see a profit anyway the way this fiasco has dragged on and on. Enough gambled already. GLA
And what's with a sale of £5.29 worth of shares ??? Cheap manipulation to keep the sp down or am I just being paranoid ??
For those who may not have seen the news the other day, that's Sir Henry Bellingham MP the would be Speaker of the House of Commons !!