Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Interesting comparison FB. Good find.
OB, please stop flooding the board with all your dribble, repeat posts and nonsense. Why do you find it necessary to post 15 times a day? Nobody finds you funny. I enjoyed it recently when you went away for a week. The level of useful research and two-way chat grew. As soon as you retuned all you did was shout people down and make fun of their views. All the useful posters on here just stay away rather than get ****ged off by you. Oh, and you always have to have the last word, so I expect you'll find it necessary to do so. I think there is a medical term for it.
£120,000 3-month loan at 5% tells me the Board know the option to purchase IMM will be taken up and as such will trigger a payment of £2million. Besides, good to see shareholders are not being diluted in order to keep the lights on. That's a first for PFP.
@FB and @LFM, yes. Half year results due next week. Looking for commentary from the board with some substance rather than a repeat of previously announced objectives.
FB, they certainly did and two years later zero on the subject. There are so many lose ends not being actively worked on here. Not a great advert for Hausfield either. Two years to identify a collection agent. A follow up RNS on this subject is way overdue. Shareholders kept in the dark yet again.
Hi Adamsky, good post. Interestingly you have looked at valuation based on monies expensed rather than any possible value lost in the only asset the company has - or at least believes it has title to. I have never really looked at it like that. A base case claim. I'm not an accountant, but shouldn't the consolidated accounts of Pathfinder Minerals Plc record some value to their subsidiary? Wouldn't that fortify a base case to the BIT claim? I also remember from years back that IM Minerals holds contingent liabilities to pay the original licence holders a very substantial sum ($10mil I think, mytbe more) if the licence was utilised. Not sure if that has disappeared into the ether or will resurrect itself if we ever got the licence or part of it returned by way of a partnership.
As a long terms shareholder, May I just say how refreshing it is to read useful debate and comment on this board for a change. Posters are back without fear of constant put downs by oldblue1973 and his 10 plus postings a day spewing rubbish about squirrels. Long may it continue.
Now, has anybody got a view on methods of valuation for our subsidiary IM Minerals, given the board have told us they may consider a sale?
Lots of talk about BIT claims etc but surely the board have taken their eye off the ball here. Why haven't they ever gone after Cavaco and Veloso for the Costs Award of over £1million granted to the company against Cavaco and Veloso in the 2012 UK high court judgements, upheld in the 2013 court of appeal? We know that both Cavaco and Veloso were paid millions when they "sold" our licences to Great Wall (TZM). So why has PFP plundered shareholders to keep the lights burning when they could have gone for these two individuals? The simple answer is they didn't want to contaminate their chances of getting a BIT claim done. Poor judgement from the board.
Excellent post Investor01. Couldn't agree more.
Your usual standard of helpful post. Thank you.
Can one of you helpful people tell me what L2 is looking like today? Thanks.
Very interesting FreeBuffett. I have always thought TZM were playing for time before making an offer. You might have unearthed some excellent intel.
Why aren't shareholders treated equally? You can't say these warrants were extended to pay for research when blatantly no research is ever written.
Sorry Itzagamble. Is this OK for you?
Yes FreeBuffett and the IMM sale option would hugely shorten the payback timeline for investors. A smart play in my humble opinion given an outright BIT claim strategy could take 3 to 4 years before successful cashflow into PFP.
A very interesting RNS. The board have strategy options now. Whatever end path they take leads to a massive rerate in Mcap for PFP. We are not talking the odd 100% return here. Best AIM play right now by far. Good luck everybody. A no brainer to stay very long PFP. Align were right all along. Well done guys.
Might see some interesting upward price action soon as 12.8 million warrants attached to the CLN mature 10th May at a price of 0.5p. Just FYI, there are also 28 million of other warrants maturing same day, albeit out of the money at 1.25p and 19 million options, same day, same price.
Thanks for the excellent post fcruz. Why on earth are our Board of Directors not getting their finger out and issuing the BIT. This part of the Report is worrying as it appears the Mozambique Ministry are pushing ahead and just ignoring PFP.
"the production operations themselves will only be able to start at the end of June this year, when the Council of Ministers authorizes the environmental license"
How can they authorise anything with a BIT claim in the wings, unless of course our Board are dithering about and not coming out fighting. I guess the potential for a JV with TZM went out the window because PFP takes forever to make a decision.
I was just answering FreeBuffetts question.
" I'm relatively confident of the detail but strangely the one point I'm less certain of is the first one, 9th April 2022, I suspect its John Taylor (ex-CEO) but not 100%. If anyone can add colour it would be good "
I was being helpful, yet you still attack me by saying I am waffling on. Oldblue, get a life mate and stop bullying other users of this board.
I guess you'll find it yet again necessary to respond and put me and others down. Stop it. we all find your spam posts boring. You blitz this board every day with speculative nonsense to try and drown anybody that might have something meaningful or helpful to say and God help anybody that post slightly negative views, you paint them as working for the MMs or other utterly stupid comments.
FreeBuffett, the 7.5mil option you asked about must be a typo because the only 7.5mil option issued at 2.5p was in April 2019 and expired April 2021 and was to the then CEO Scott Richardson-Brown.