Member Info for pe6169

Just how impatient people are. Yes ZIOC has already required a lot of patience but are you expecting minute by minute RNS’s? They are at the conference which is still ongoing. Don’t think they’ll sneak off during their lunch break to pen an RNS. I’m sure they’ll be an update once conference is over. That said, an RNS in the not too distant future would be nice.

Wow with all the rockets and rubbish on Twitter you’d Think the price was at a £1 already. Not going backwards with an 8% increase and lots of sells popping up. Patience

Could have been a bed and isa

Nm

I meant still here - over 3 years now and just kept adding. DYOR

Aligns July update gives compelling reasons why the risk/reward here is huge:

http://www.alignresearch.co.uk/pathfinder-minerals/pathfinder-minerals-agm-update/

I actually think (only my personal opinion) that AFG have been employed to get 100% of the licenses. Board changes will have helped with bringing the general to the table but AFG have the task of negotiating with the warring parties. Once we have 100%, Align are speculating that we will have a 30% - 50% free carry once a deal is done with a farm-in partner. I’m heavily invested here but only relaying what is written in black and white. As oilspec says, make your own decision in or out.

I’d take a free carry of 30% -50% of a billion pound asset.

It also says “Given terms having now been agreed with the Veloso’s and per the RNS in which Africa Focus Grp in fact capitalises the company at £11.11m through their share subscription option ref the £1m fee on completion of the SPA for 100% ownership”

Are you reading it correctly?

It actually says “ We can foresee a scenario in which the company ends up with 30-50% of the asset as a free carry through inviting de facto farm ins”

I wouldn’t read too much into it. With 50% the general is probably in a position to do the deal. The big question is whether AFG can pull off the deal within the September timeframe.

Can someone please tell me where it says we are negotiating for 50%.

All I can see is that we are negotiating with the general who owns 50% of the company that currently holds the licences.

Feb RNS states:

In consideration of the provision of services under the Consultancy Agreement, the Company shall, only following the effective legal completion of the Proposed Transaction, pay AFG a fee in cash of £1,000,000 (inclusive of any VAT) (the "Fee"). The Fee is conditional on and only becomes due and payable if the Company has successfully raised sufficient funds to make payment of the Fee in full. The Company has agreed to use its reasonable endeavours to take the necessary steps to procure that sufficient funds are raised by the Company to enable satisfaction of the payment obligation within a reasonable period after completion of the Proposed Transaction.

No win, no fee. If shares are being forward sold then deal must be done. AFG only get paid if/when transaction is concluded.

To be fair I don’t think the company would comment on a 27% rise. If it were 50% in one day or a sustained rise over a few days they would have to. We all will have to wait and see.

Just topped up, over 1,000,000 now so hope this deal gets signed soon.

Not many sells at that price. I personally don’t think they’d have got 1.8 for 5 million as a sell. Interesting month.

£90k buy just before the bell. Someone obviously doesn’t Think it’s a P&D

I never understand people who don’t hold showing interest. I only show interest in shares i’m Invested in.

Been invested here so long. So hope this is the one.

I banged in £15k yesterday at 4.7p, seems like a no brainer but hey this is Aim. Still, no hurry got plenty of patience.