Despite the inclusion of TZM in efforts to seek alternative solutions, no offer has been put forward to Pathfinder by TZM. It appears TZM is proceeding with project development, leaving the Government of Mozambique exposed to a potential claim.
the key bit to me is this phrase...is it worded for a reason?
no offer has been put forward to Pathfinder by TZM
now has the mozgovrment made an offer or another party? why just say no offer has been made by TZM?
and with the IMM has an offer been MADE???
ill leave you to ponder that with your coffee/tea....cornfalkes or what ever
and the last MINIMUM amount was 110 million dollars or 80 million quid ...now cash to MCAP...15p per share....now why the heck arnt everyone SCREAMING this from the rafters?....x26 on todays price...possibly time will tell....but again the folk on the board SHOULD be pointing this out
new market data if your new we are 70% director/fundie/major held....really high for an AIM company
and remeber the RNS is a STRATEGY UPDATE...and the new strategy is to sell the IMM and walk away with a load off cash buy a mine or 2 ....sounds wonderfull to me....so there is now a whole range off options for them....and options are always good
anyway looks like we MAY need to vote on it (if it happens)and again it regulatory stuff but as we are selling or maybe selling the IMM which is a subdivision...hopefully share not suspended tho im no expert on that stuff
As previously announced, the Board is discussing strategic options with institutional litigation funders and other parties, which now range from conventional litigation funding arrangements, whereby the legal costs of the claim would be borne by the funder on a contingency basis, through to a full acquisition of the claim via a disposal, subject to regulatory and shareholder approvals as needed,
now my reading off this is the ligigators have approached them with offer for imm (or BIT case in whole)now TZM have to be asked if they will pay the same for it (BIT thingy) if not it gets sold to litigators who will take them(moz goverment) to the cleaners for the 1.5 billion with any mining or gas revenue made in country (kenmare etc....the lng plant...(gov revenue from it))
11th may is warrant day so before that?
8 weeks in to placing....11th may 12 weeks
no 30 day or i think so as its to be sold and not a legal issue...so could be 1-2 weeks who knows :-) just has to be offered to TZM at same offer before done....
could be sily numbers as min was 110 million us dollars (80 sterling) at the littigators will off course have risk on it but its like 70 odd %....so what % would be get for IMM 10%???....15%...??.....and thats the 1.5 billion dollars
lol ill leave you with that lovley thought.....GLA.....might be something soon...bloody hope so been long enought:-)
lol as i said beware of folk on boards one said as below...
It’s going to be interesting to see how this one pans out. Given the value of the claim at its lower end, as you say oldschool a rerate must surely be in order. Even if PFP got as little as £3m, that would give the company an amount in cash equal to its mcap. I’d like to think any agreed acquisition value would be higher than £3m too!
3 million? lets see the licence valuation and BIT valuation
As announced on 10 December 2021, the Company's preparatory work includes the development of a detailed budget and timeline for claimant costs, the identification of a litigation team, and independent professional analysis of valuations for differing successful outcomes at an ICSID tribunal, ranging from a minimum of US$110m for an ex-ante damages award through to US$1,500m for an ex-post damages award.
Given the areas now referred to as the Licence were independently assessed in 2010 to have a market value of between US$107.6m and US$179.3m - prior to the Moebase portion of the Licence being upgraded to Mining Concession status - we believe the current Licence-holder, TZM, has a significant vested interest in protecting its investment in the Licence. The window of opportunity for TZM to act is closing as the Company may dispose of IMM to a third party whose sole objective is to pursue the valuable claim under the Treaty.
and there current object off investing in a new licence?? 3million will get you nothing these days
Pathfinder is at the early stage of investigating a range of opportunities within the minerals sector including a graphite project in Madagascar, a lithium project in Zimbabwe, and a battery metals project in Malawi.
Pathfinder has recently notified the Minister of Mineral Resources and Energy of Mozambique of the Mozambique Government's failure to resolve the dispute and of the steps Pathfinder is taking in preparation for the claim to be referred to the International Centre for Settlement of Investment Disputes ("ICSID") under the Bilateral Investment Treaty (the "Treaty").
The claim is being further developed to include asset tracing reports and enforcement strategies. This includes the Republic of Mozambique's foreign and domestic assets, which may include, inter alia, exported hydrocarbons such as those produced from the Rovuma LNG project.
now the rovuma project hasnt started yet and if we claim against it ...it MAY NOT START!!! and the moz goverment desperatly needs this to start
The claim is being further developed to include asset tracing reports and enforcement strategies. This includes the Republic of Mozambique's foreign and domestic assets, which may include, inter alia, exported hydrocarbons such as those produced from the Rovuma LNG project.
Given the areas now referred to as the Licence were independently assessed in 2010 to have a market value of between US$107.6m and US$179.3m
The window of opportunity for TZM to act is closing as the Company may dispose of IMM to a third party whose sole objective is to pursue the valuable claim under the Treaty.
....lol now this reads to me TZM final chance......or we sell the IMM to kenmare up yonder road and let them deal with the BIT etc....lol
1.25p 11 May 2022 19,000,000 Option to D Edmonds 10, J Taylor 5, H Bellingham 4. 0.5p 11 May 2022 12,8033,334 Warrants To Directors at the time. 1.5p 11 May 2022 41,846,153 Warrants To Professional Advisors.(ALIGN)
lol align are gonna lose there warrants mate!!! have to give them min 1 month!!!! its the 12th!!!! so all those guys are gonna lose there warrants if the share price doesnt go upto circa 5p!!!!! (11th may)