Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I’m sure that’s there is a clause which states if they don’t start then the right to claim passes back to PFP and AAG lose the £1M
Pfp love a Friday RNS
This share has always move down sales and never up on buys I think at the current price it crazy not to top up, I would top up but I’ve no spare cash at the mo and hold a very healthy 10M + share here, I live in hope 7.2p pops up for aligns forecast higher would be even better. My honest opinion is that this share will make the LTH wealthy
Might be nothing but there’s no bid or sell price on PFP anymore?
Correct, it’s a true gamble to sell or buy ATM there isn’t anything to base any decision on
Disappointed at we reach month end still non the wiser if PFP are gone/going bust or doing a RTO. No squeaks from the board, the market doesn’t know and yet the odd person buys and sells shares. Surely an update on where we are is well overdue!
I can only see a double your money here as a min regardless of any bonus money too!
An update would be nice on the progress of the RTO
Hi
I’m been assumptive in that the RTO has to be done within 6 months, end of December 3 months will have been chewed up so that would leave 3 remaining months, since the BIT claim must be started by end of December I’m guessing and hopeful both will be updated in positive news before 1st Jan 2024.
As for TZM, I can’t make my mind up there, they have taken a chance and paid out we assume some serious money, however, I can’t see that been taken away from them but they may wish to join together to avoid the BIT which could freeze the assets until such time the real owner is established therefore that could effect them and indeed they may wish them to do their own claim against Moz, it’s a really messy end to a 10 year cat and mouse game with a massive pot of gold for the winner.
Thanks pal, they say it should be underway within 3 months, so I’ve planned that to happen before year end, I’d like to think that we would also have the RTO almost completed before year end too. The share seem to have taken a serious bashing for no particular reason and it always frustrate me when is see trades for 63 shares or similar which surely can’t be real trades, why give the cash we have the share is so low, we should be at best cash to share allocation price as a min and that’s without taking into account the massive tax we can claim back too.
The new directors haven’t come along to just wrap up the company, they clearly knew where it could go and have jumped in with both feet at the start, these guys could earn some serious wealth from this if it all goes to plan.
Where TZM are with pathfinder and the BIT remains a mystery, there’s no noises coming from them that they are willing to listen or indeed are or aren’t bothered , I thought that once the sale had gone through they may pick up the phone and suggest a get together to be rid of any impending claim. I can’t see how the claim can’t win with the UK court decision which is far more credible than the Fraud and back hander court process in Moz, even their own government know its rife is corruption with the courts and in the country yet allow it happen? It will never been clean and surely puts off people to invest in the country which needs it more than ever and they have mineral sands now which are probably the most sort after in years.
Is this the pathfinder area licence they have started to use?
This has the potential to hit over 5p , this is still a 10 bagger plus the bonus cash when that arrives , I hope that pays out 5-7p that will keep everyone happy
I wonder which companies they are looking at for an RTO, I was hoping some form of communication from the board after the date had past to explain where they go from here
Most of these sells will be people that bought in just to get the potential free payout, now bumping the shares as they aren’t interested where PFP go from here, LTH here know that it’s worth keeping hold of these in the hope that the RTO proves a good opportunity on top of the free issue Div, who knows how this will play out but it’s interesting, if the price continues to drop then I’ll probably dive in and grab a few more while they are cheap
Might not be a company left if it keeps dropping so much
I wonder if they had anything in mind or have only just started the process?
I find it strange that people have bought shares to buy into the BIT claim, but then off load them before finding out the future for PFP, this even at the worst case is a double your money in the new company so you can’t lose, why sell up now?
Reading the last RNS, the record date is 6pm tonight. I’m not sure if that means a purchase today still counts?; we are effectively a cash shell now so it will be interesting now when the bids come for the RTO or if that just happens without any announcement, I hope we get the new company up and running asap
This should open at 0.75 today based on the last reported sales
These are the same values that went through last week and then were cancelled!