RE: Price5 Oct 2022 16:35
We suspect that this news will now have both TZM (the current licence holders) and the Government of Mozambique sit up and realise that after over 10 long years that a settlement does now need to come to a head. Matters are only going to intensify for them. The “elephant in the room” however is the disconnect between the market cap of Pathfinder and the claim value. Even based on the minimum recovery of @ £23m (at current FX rates) ref the agreement with Acumen ( if exercised) and which is over 4p a share, the current price is but a fraction of this figure let alone hitting the big payout for a realistic value for the licences… If we were in TZM’s shoes the best way out of this is to, irony of ironies, attempt to buy Pathfinder Minerals. Either way, at a closing price of 0.7p and market cap just under £4m the skew, we believe, is categorically to the upside with downside to upside estimate of 1:19, ie back to 0.5p in the event of no exercise and upside to 4.5p in the event of exercise & settlement – 0.2p v 3.8p in our estimation.
ok my reading off this upto 4.5p (x10 from where it was great)
but your forgeting about the 2 million which will be invested......placing etc.(+1 million)(3 million invested nice licence)....(6-8 mcap?) (ceo is the guy from UFO pls look that up)
so you get the cash shell and a chance at a x10?? 1:19 by align so good odds
and the new batteries shares which will be given out as well ild imagine which will be x2 mcap
so all you have to worry about is the next 3 mnths to get the due dillengence over the line
back to the squirrel dance (think ill have a nice bottle off wine tonight) GLA and fingers crosses and DYOR pls cant stress that enought
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