Member Info for Kato_rocks

Imminently is defined as something that is going to happen very, very soon. GLA

Dennis Edmonds, Chairman, commented:

"The May 2020 decision from the Mozambique Supreme Court that they would not recognise the decision of the UK High Court leads Pathfinder into a new phase in the strategy to seek a return of its mining licences. The Board is in the process of undertaking a review of this strategy and intends to update shareholders imminently with a clear and decisive course of action."

https://twitter.com/AlignResearch/status/1316060224105648130?s=19

"We look forward to updating the market in the near future." I really really really hope their idea of near future is the same as mine. Fingers crossed.

Impressive.

Interesting recent news article on Mozambique unrest with General Veloso quotes.
Https://www.marketwatch.com/press-release/internal-or-external-war-2020-06-08?mod=mw_more_headlines&tesla=y

Voted too (twice), it may all help with the pr.

"Food for thought ref Pathfinder Minerals #PFP & todays Savannah Resources RNS . Market's valuing 880mt at £30m. Up for grabs on a resolution of issues in Moz is 2.2bn tonnes at a higher grade. Current market cap is just over £3m. That's the prize for PFP."

Regarding doing the deal with only 50%, section 4 of the last RNS quoted below mentions Contingent Liabilities and payments already made to Mr Diogo Cavaco. Could this be part of the missing 50% or does anyone know the history of these Liabilities?
4. Contingent Liabilities
1. As part of the agreement for the purchase of the shares in its subsidiary, Companhia Mineira de Naburi SARL (CMdN), the Company's subsidiary, IM Minerals Limited, agreed to pay the vendors a further sum of $9,900,000 if, following further exploration and appraisal, an agreement is reached for the construction of a facility for the processing of ore extracted from the Naburi mineral sands deposit. This sum has since been reduced by advances of £90,083, made by IM Minerals Limited, and £75,933, made by the Company, to one of the vendors, Mr Diogo Cavaco.

2. Similarly, as part of its agreement for the purchase of the whole of the issued share capital of Sociedade Geral de Mineracao de Moçambique SARL, CMdN has agreed to pay the vendors, BHP Billiton, a further sum of $9,500,000 if, following further exploration and appraisal, an agreement is reached for the construction of a facility for the processing of ore extracted from the Moebase mineral sands deposit. This obligation is guaranteed by IM Minerals Limited.

See my post on 31st July which has some articles on what NG is trying to do to protect shareholders. My opinion is that should Labour get in they will "Nationalise" the System Operator section of NG, which wouldn't necessarily be a bad thing.

Commenting on the results, Roger McDowell, Chairman, said "It has been a record year for the Group, in terms of orders, revenue and profit, reinforced by the deft execution of our now well-proven Pinpoint-Invest-Exit strategy (PIE). The former Hayward Tyler Group (HTG) businesses performed very well in their first full year with the Group and the Ormandy turnaround produced a solid, if modest profit in its first full year since acquisition in February 2018. The recent, tactical acquisitions of Tecmag, Texas; Booth, Bolton, UK; and Energy Steel, Michigan are all integrating well thus far. The Energy divisions and their management teams have proven themselves to be commercially astute and we continue to focus on profitable growth, to build valuable, enduring businesses. Our budding medical division continues to make slow, but steady progress, as it seeks to develop new technologies, to break through into new sectors.
We continue to concentrate on aftermarket opportunities, servicing end-user customers with comprehensive solutions, resulting in good growth and strong prospects. The nuclear life extension and decommissioning arenas are fertile ground for us, as demonstrated by contract wins in the period worldwide. Other market areas are also proving fruitful - such as renewable energy - and a more stable oil and gas environment has seen us win important contracts in that sector. Brexit and tariff wars are unwelcome distractions for the Group, but they will not cause us to deviate from our well-planned course. Despite the chill in the macroeconomic air, we remain quietly confident about our prospects in both Energy and Medical, with our strong Balance Sheet allowing us to be both agile and resilient. Recent order wins and our pipeline of opportunities underpin that outlook."

https://minbane.wordpress.com/2019/08/03/https-wp-me-p1xtjg-aea-2
More pressure for progress before elections? General Jacinto Veloso has links to the peace negotiations . Is it a good sign for Pathfinder?
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.chathamhouse.org/sites/default/files/08-05-2019-SustainableMozambique.pdf&ved=2ahUKEwjh2qLbvO7jAhWOQhUIHfvKAIoQFjAOegQIAhAB&usg=AOvVaw2I_2_IY8imJMd0hk7EQwdc&cshid=1565102474753

https://www.thetimes.co.uk/article/national-grids-overseas-plan-to-thwart-jeremy-corbyn-v58p58jqv

https://www.thisismoney.co.uk/money/news/article-7296605/National-Grid-bosses-seek-foreign-haven-protect-company-Labours-nationalisation-threat.html

Looks encouraging. I just don't know anymore.

www.bbc.co.uk/news/science-environment-47728548

Over on the SCLP chat this link was also mentioned. The article is linked to the 2017 Grand Challenge funding awards.

Feedback does the imaging. The link below is to an article on tech trying to improve the interpretation of images and diagnosis. More applications for Feedback? https://m.jpost.com/Israel-News/Israeli-healthcare-AI-start-up-hunts-for-zebras-575414 Looking forward to 2019 and beyond. Come on Feedback.

This share is a total gamble. Being a relative newbie and despite researching many shares, this share which I took a punt on, following a tip from a work colleague, is at this moment making me happy. Harry Rednapp imho is right, better to be lucky than good. Let's see what happens.

https://www.energyvoice.com/other-news/175869/changes-at-national-grid-may-lead-to-job-losses/
A likely staff re-org with a voluntary redundancy process was announced this week. I thought this may be causing the sp rise.

Thank you bakky. Sounds like Mr T has a plan.