Member Info for RLL93

I feel for the shareholders, the writing was on the wall for months but it was being pumped by the same old idiots.

September 13th I said;

"I think it is you, the well has a significant monthy drop, licences are not getting extended, the gas prices are low and the cash position is precarious to put it mildly with no sign of things improving."

Is there anyone that sticks out ? AMTE are struggling for cash, they have good products awaiting EU certification but they are on the brink of collapse before they get it, same with some north sea oil operators, struggling through the summer months when prices are low, lots of potential, very existing.

Nothing so exiting, just a summary most of which we already knew. Neverless it's nice to have some communication.

To be honest I asked chat GBT to come up with something and that was it, i thought it was worth a laugh, I was waiting for someone to bite ;)

In January 2023, Pathfinder announced that it had participated in a drilling program in Goldstone’s licence area, which confirmed high-grade gold mineralisation. The company also announced that it had received an update from Acumen on the progress of the arbitration against the Mozambique government, which indicated that Acumen had attended a hearing before the arbitration tribunal and that it expected to receive a final award in the second quarter of 2023.

In February 2023, Pathfinder announced that it had entered into a strategic partnership with Kodal Minerals plc, an AIM-quoted company focused on lithium exploration in Mali, to acquire a 10% interest in Kodal’s licence area in Mali, subject to due diligence and regulatory approvals. The company also announced that it had raised GBP2.5 million through a placing of 3.125 billion new ordinary shares at 0.08 pence per share to fund the partnership and provide working capital.

In March 2023, Pathfinder announced that it had completed the due diligence on Kodal and that it had agreed to issue 9.375 billion new ordinary shares to Kodal as consideration for the acquisition of the 10% interest. The company also announced that it had received approval from the Malian authorities for the partnership and that it had completed the share issue to Kodal.

In April 2023, Pathfinder announced that it had participated in a geophysical survey in Kodal’s licence area, which identified several anomalies indicative of lithium mineralisation. The company also announced that it had received an update from Acumen on the status of the arbitration against the Mozambique government, which indicated that Acumen had received a final award from the arbitration tribunal, which awarded Acumen USD100 million plus interest and costs as compensation for the expropriation of mining concession 4623C.

In May 2023, Pathfinder announced that it had received GBP25 million from Acumen as its share of the arbitration

Impossible to put into a sentance try going though the RNSs.

In July 2021, Pathfinder announced that it had entered into a conditional agreement to sell its subsidiary IM Minerals Ltd, which holds the right to bring a claim against the Mozambique government for the expropriation of mining concession 4623C, to Acumen Advisory Group LLC for an initial GBP2 million and a contingent consideration of USD24 million or 20% of the amount payable on settlement or determination of the claim.

In August 2021, Pathfinder appointed Paul Barrett as an executive director and announced the retirement of Dennis Edmonds as the non-executive chairman. The company also proposed to issue bonus preference shares to its shareholders, which would entitle them to receive a proportion of any future payout from the claim against the Mozambique government.

In September 2021, Pathfinder completed the disposal of IM Minerals to Acumen and issued the bonus preference shares to its shareholders. The company also announced that it had received an initial payment of GBP1 million from Acumen and that it would seek new investment opportunities in the natural resources sector.

In October 2021, Pathfinder announced that it had entered into a non-binding memorandum of understanding with OK Energy Ltd, a UK company focused on deepwater oil and gas exploration in South Africa, to acquire a 10% interest in OK Energy’s licence area offshore South Africa, subject to due diligence and regulatory approvals.

In November 2021, Pathfinder announced that it had completed the due diligence on OK Energy and that it had agreed to issue 2.5 billion new ordinary shares to OK Energy as consideration for the acquisition of the 10% interest. The company also announced that it had raised GBP0.5 million through a placing of 1 billion new ordinary shares at 0.05 pence per share to provide working capital and repay a loan from Acumen.

In December 2021, Pathfinder announced that it had received approval from the South African authorities for the acquisition of the 10% interest in OK Energy’s licence area and that it had completed the share issue to OK Energy. The company also announced that it had appointed Mark Gasson as the non-executive chairman and that Paul Barrett had stepped down as an executive director but remained on the board as a non-executive director.

In January 2022, Pathfinder announced that it had participated in the drilling of an exploration well in OK Energy’s licence area, which encountered oil and gas shows but was not commercially viable. The company also announced that it had received an update from Acumen on the progress of the claim against the Mozambique government, which indicated that Acumen had filed a notice of arbitration under the bilateral investment treaty between Mozambique and the UK and that it expected to commence formal arbitration proceedings in the second quarter of 2022.

If I'm going to be honest, I wasn't a fan of IOG recently especially at 2p+ but at its current level its a steal, it is a risk long term but there's tremendous potential at this price and if the gas prices rise towards winter I'm positive that the cash position will improve, if the bondholders can wait until then.

I'd love to hear an interview or something from the new director and any director or executive difector for that matter about their vision for the future, goals and aspirations for the company. Sometimes these RNSs can be cryptic and unpersonal while only giving away the bare legal minimum every few months, I get that PFP are currantly just a cash shell but there is zero web and social presence so us shareholder are in the dark, this could and probably would cange with a RTO but in the mean time let's hear from them.

Nothing

New investor here, done some research and added some to my long term portfolio, i really like the way its being run now and the future prospects, at just 34p its a steal, cant wait for the 100+ days

I think it is you, the well has a significant monthy drop, licences are not getting extended, the gas prices are low and the cash position is precarious to put it mildly with no sign of things improving.

Ouch!

I'm of the same feeling, I don't expect anything this year with thus terrible disaster, just look at the Moroccan news to see how it's impacted people and the king will want all hands on deck for at least a few months to rebuild.

This is common practice nowadays, mob getting their options sorted put fir the coming year incase it goes higher, who wouldn't. Not unexpected at all.

Things are clearly improving but the profit after tax should have been published, an overall loss I expect buy some interesting numbers.

The world and BARK was a different place 2 years ago, you cant look at old charts and come up with a valuation, its based on current assets.

Pathetic isn't it, i just hope nobody takes any notice.

You'd think with such a large holding he wouod have the Financial incentive to try and revive NNN but we'll see.

Thoughts are with the people of Morocco, some things are more important than permits.

People obviously don't know about the future prospects and just the headline BIT claim.