RE: Video conference25 Sep 2024 13:25
Pathfinder Minerals originally acquired a large African mineral sands project in Mozambique back in 2011 for Β£34 million via a paper reverse takeover transaction. These licences have been subject to dispute for 9 years trying to regain control of them through the courts. Recent news indicates that Pathfinder, finally, looks to be making serious progress at long last. A deal seems to be fast evolving on the licences with the key difference that there appears to be the buy in of all parties. Such developments would seem to herald a basis change for long suffering shareholders.
so 2011 for licence assuming 20 year licence thats gives 6 years to go till it expires and returns to mozambique hands now the BIT process is insanly SLOW.....6 years time ahh you won there the licence back .....ohh in 5 days it expires we get it back at huge legal cost to yourselves to 'own' it for 5 days