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Pathfinder Minerals Plc (PFP-L)

  • 12-02-2013 7:29pm
    #1
    Grecco
    Closed Accounts Posts: 1,007 ✭✭✭


    Dont know of anybody invested here but Ive put a few bob on this one.

    Pathfinder Minerals is a natural resources company with a heavy mineral sands concession on the coast of Mozambique, encompassing the valuable minerals ilmenite, rutile and zircon, used in a wide variety of industrial applications

    Basically The SP should be anything from 6p to 10p BUT due to an ongoing ownership court battle for theses assets (between Pathfinder and General Veloso which has dragged on for over 2 and a half years) the SP is now under a penny.
    Pathfinder have won the first court case in London but the General refused to take his beating and pursued it in the Mozambique courts, the ruling for this is due after the 1st of March.
    So basically there could be an instant 300% - 500% SP rise on a positive hearing or else a drop to almost zero if it is ruled against them
    Longer term if they do get control of there assets then broker targets were from 27p to £1.50p

    Worth a small punt and only what you can afford to loose

    Broker Report 2011

    pathfinder-minerals-wins-lawsuit-over-mozambique-subsidiary


Comments

  • #2
    zpehtsfd
    Registered Users, Registered Users 2 Posts: 627 ✭✭✭zpehtsfd


    Why is this a thread under "Investments and Markets"?


  • #3
    Grecco
    Closed Accounts Posts: 1,007 ✭✭✭Grecco


    zpehtsfd wrote: »
    Why is this a thread under "Investments and Markets"?

    Why not? Its no different from the " BOI shares steadily rising... Worth a punt?" thread
    It may well turn out to have the best Investment potential you`ll see for a long while. Before the dispute this company was said to truly have a tiger by the tail

    Its listed on Ftse AIM so it has a market...... (But 85% owned by institutions so it will rocket north on a positive hearing from the Mozambique court)


  • #4
    zpehtsfd
    Registered Users, Registered Users 2 Posts: 627 ✭✭✭zpehtsfd


    Grecco wrote: »
    It may well turn out to have the best Investment potential you`ll see for a long while. Before the dispute this company was said to truly have a tiger by the tail

    You said "so basically there could be an instant 300% - 500% SP rise on a positive hearing or else a drop to almost zero if it is ruled against them". How is that an "investment"? It's a bet and a ridiculous one at that. And please don't give me this "sure it's all the same" nonsense, as 99.99% of investments don't go to zero.


  • #5
    Grecco
    Closed Accounts Posts: 1,007 ✭✭✭Grecco


    zpehtsfd wrote: »
    as 99.99% of investments don't go to zero.
    Tell that to anyone who bought into HMV :D

    If you took the time to read up on the case then you wouldn't be saying that


  • #6
    Grecco
    Closed Accounts Posts: 1,007 ✭✭✭Grecco


    Up 18% this morning, this Bodes well for the next few days. we might get that news on Friday
    Edit that...up 30% today :D
    :D


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  • #7
    TheBikeGuy
    Closed Accounts Posts: 118 ✭✭TheBikeGuy


    Grecco wrote: »
    Up 18% this morning, this Bodes well for the next few days. we might get that news on Friday
    Edit that...up 30% today :D
    :D

    How did that court case pan out Grecco? I saw the chart shot up then went back down, no major upswing or down swing? :confused:


  • #8
    Grecco
    Closed Accounts Posts: 1,007 ✭✭✭Grecco


    No result yet, its looking like the end of April now before we get a ruling. But that's not written in stone.


  • #9
    Grecco
    Closed Accounts Posts: 1,007 ✭✭✭Grecco


    Up 100% now since Friday. Its all gravy from here now :)


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