RE: TZM Market Cap20 Jul 2021 14:40
as far as i know TZM have aquired the 'license' without merit we have a english high court judgment which is in our favour thats states the licence is ours apparently info is on the pathfinder website.
the TZM as far as i know again the phrase was as per the RNS
https://www.lse.co.uk/rns/PFP/update-re-bilateral-investment-treaty-claim-y89vanu33ems96y.html
Pathfinder and TZM (together the "Parties") agreed that, whilst the issue remains an Investor-State Dispute ("ISD") and is time sensitive, the Parties will continue with the dialogue and explore alternative solutions to resolve the ISD. Whilst tentative, these alternatives include, but are not limited to, TZM retaining the Licence and compensating Pathfinder for its loss.
so there as far as i can read it seeing if TZM will make an offer for the licence...but again with a BIT process you have to tie up all losse ends and make sure you have tried every means to solve it before engaging aparently :-)
note again the folk at the meeting
Pathfinder announces that on 24 June 2021, the Company held a virtual meeting with the Chairman of the Board of Directors of TZM. The meeting was facilitated and attended by representatives from the British High Commission in Mozambique, the UK Department for International Trade, and the National Mining Institute of the Mozambique Ministry of Mineral Resources and Energy.
and TZM has been informed...
The purpose of the meeting was to confirm to TZM that in the absence of an acceptable resolution of the dispute with the Government of Mozambique, Pathfinder intends to refer the matter to the International Centre for Settlement of Investment Disputes ("ICSID") under the Mozambique - United Kingdom Bilateral Investment Treaty (2004) (the "Treaty"). Accordingly, TZM could lose the benefit of its investment to date in the Licence, together with any further investment it may make in relation to the Licence.
infos all out there DYOR and GLA!!!