RE: Big buys ?10 Aug 2021 16:38
http://www.pathfinderminerals.com/~/media/Files/P/Pathfinders-ECW/Annual%20Reports/2020%20Annual%20Report%20and%20Financial%20Statements%20Website.pdf
re reading this what do you guys think
nice section is this AJN?
Due to the recent progress made on the claim, the Board is now also actively exploring other opportunities within the mining sector. Through its own contacts and those of its investors, the Board is exposed to a number of potential projects, and is now actively investigating these with a view to moving one or more of them forward, subject to shareholder and regulatory approvals as required.
and this our partner tho i have mentioned this before? BHP? since we owe them cash? all asumes we get the licence back
CONTINGENT LIABILITIES
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.
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.
comments pls
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