RE: Massive sales again..12 Apr 2021 08:09
nice rns today......600 million lovely...:-) nice to see the 'NEW BOARD' doing some quite positive steps GLA!!!
Accordingly, Pathfinder's solicitors have now written to Mozambique's Minister of Mineral Resources and Energy making it clear that, in the event that Pathfinder refers the matter to the International Centre for Settlement of Investment Disputes ("ICSID") under the Treaty, the ICSID tribunal would have the power to order the return of Mining Title 4623C to Pathfinder's control or to order payment of damages by the Government of Mozambique to compensate Pathfinder for its loss. Pathfinder estimates its losses in connection with the diversion of the licensed areas, including lost profits, to be in excess of US$ 621.3 million. Shareholders should be aware that there is no guarantee that this, or any, amount will be recovered, should the Company refer the matter to the ICSID.