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I am a bit confused. As I understood it the new management team at Pathfinder Minerals (PFP) had great contacts out in Bongo Bongo land and were going to sort out the mess whereby the company's main asset had gone AWOL in Mozambique with locals claiming ownership. Today we are told that Pathfinder will pay some johnnies in South Africa £1 million (which it does not have) to sort this out. So what is the board doing for its money? Whatever... I am confused. Richard Jennings of Align says he is not and that the shares - which Align owns - are cheap. Here is his reasoning...
After years of earning £170,000 as a reward for being a total disaster as CEO of Pathfinder Minerals (PFP), the new board has taken just ten days to part company with Nick “not for the many but for the Trew” but massive questions remain.
We have news today that Pathfinder Minerals (PFP) has a new Nomad and broker in Strand Hanson and two new directors in Simon Farrell and Scott Richardson Brown. The former becomes non exec chairman replacing disgraced Nick not for the many but for the Trew but, Trew remains on the board. This is not good enough. It is time to drain the swamp. And it can be done at once. Here's why.
Nick Trew, the CEO of Pathfinder Minerals (PFP) is currently attempting to fight off an EGM request to oust him and Toff Tory MP Sir Henry Bellingham of 3DM infamy from the board. Their record of non delivery should be enough to see them sent packing but another allegation has now been made which - if proven - would make their dismissal a black and white issue. Nomad WH Ireland and AIM Regulation must investigate this at once.
As Richard Jennings at Align prepares to respond to the woeful EGM defence of Pathfinder Minerals (PFP) incumbents serial trougher Sir Henry Bellingham MP of 3DM infamy and Nick "Not for the many but for the" Trew, a new player has emerged.
I do not always agree with Richard Jennings of Align Research. In fact he can be 100% wrong on certain matters. But on Pathfinder Minerals (PFP) he is bang on the money in trying to oust its useless board. In that battle he has today writting to NED Sir Henry Bellend MP of 3DM infamy. Over to Jennings who flags up a new dirty track Bellend and £170,000 a year CEO Nick "Not for the Many but for the " Trew are trying to play::
As you know I disagree strongly on a number of matters with Richard Jennings of Align Research but on the matter of Pathfinder Minerals (PFP) he is 100% right to want to oust the current management who are overpaid, inept and now acting in a way that puts their own interests ahead of those of the company. They are frequently accused of misleading investors. So we back Jennings in this case. He has written an open letter to his fellow shareholders which is hard hitting and raises very valid points. Over to Jennings.
The Sunday Times reveals that slimeball ex Tory MP Sir Tim Yeo and four other former directors of now bankrupt AIM duffer TMO Renewabales face a £20 million court claim from administrators Duff & Phelps. I do hope that Tory Toff Sir Henry Bellingham MP of 3DM infamy and Nick "Not for the Many but for the" Trew of Pathfinder Minerals (PFP) read the piece.
Pathfinder Minerals (PFP) has yet to fess up but it has been served with a new EGM request by Richard Jennings of Align, seeking to oust disgraced trougher CEO Nick "Not for the Many but for the " Trew and Tory Toff NED Sir Henry Bellingham of 3DM infamy.
Barely a day goes by when someone does not have a go at Nick "not for the Many but for the "Trew the man who has earned £170,000 a year for running Pathfinder Minerals (PFP) into the ground.
The word on the Street is that embattled Pathfinder Minerals (PFP) CEO Nick "not for the many but the " Trew is, via spiv bucket shop Keith Bayley Rogers trying to raise not £450,000 but just £200,000 at 0.6p. He is struggling to raise even that much because everyone knows he has been offered the same funds at a far less dilutive 1p but has rejected them. This placement is all about securing votes to win an EGM.
I do not agree with many things said by Richard Jennings of Align Research. But he is bang on the money on the merits of emigrating to Greece, on cats and on the desirability of removing hapless Nick Trew and Tory Toff Sir Henry Bellingham MP of 3DM infamy as directors of Pathfinder Minerals (PFP). Jennings has written to Trewly useless today and opines:
Having blotted his AIM CV in a big way with his involvement in the £65 million AIM fraud 3DM - even after its first bollocking from the FSA, the FCA as was, the toff Tory MP Sir Henry Bellingham has now been reported to AIM Regulation over seedy plans for a discounted placing at Pathfinder Minerals (PFP) which he is set to waive through to save his well paid job.
As you know I do not always agree with Richard Jennings of Align Research but on the matter of Pathfinder Minerals (PFP) he is spot on and I support his efforts to oust CEO Nick Trew and toff Tory MP Sir Henry Bellingham, of 3DM infamy, 100%. Jennings has published a new letter with a dire warning to anyone prepared to back Trew & Sir Hal. Perhaps the campaign slogon for comrade Jennings should be "For the many not the Trew." Maybe that needs work? Jennings writes:
I gather that at least one critic of the current management at Pathfinder Minerals (PFP) has now received a lawyers letter in an attempt to gag him. So when the company last passed the hat around did it say that it would use the cash to hire expensive lawyers to attack those who had the nerve to question discredited boss Nick Trew and pompous Tory Toff MP NED Sir Henry Bellingham of the fraud 3DM infamy? Feeling rather left out I have an explosive letter below which alledges that Pathfinder is again misleading investors.
I first encountered Sir Henry Bellingham MP when he rented out his good name to the wholesale AIM fraud that was 3DM (now in administration). Did he care that there was massive evidence of fraud? Well not enough to resign for many years while taking his fees. He is the sort of A Grade troughing shite that gives Tory MPs such a bad name. He is now a director of Pathfinder Minerals (PFP), but for how long. Richard Jennings of Align Research owns 4% of the stock and is now calling for Sir Hal and CEO Nick Trew to go at once. I support that call. Jennings has published a very strong letter indeed today making damning accusations. Over to Richard:
Richard Jennings of Align Research is, to his credit, a great Hellenophile and an even greater ailurophile. He also have some views which are pretty nutso. But his stern words on Nick Trew the CEO of Pathfinder Minerals (PFP) are ones that I have real sympathy with. Jennings reckons that it is black bag time for Trew and is prepared to call an EGM to get his way. I support his call to oust Trew and would urge all shareholders to contact him on the address below to set the wheels in motion. Over to the cat lover who writes:
Featuring shares in Coms (COMS), Empyrean Energy (EME), Orsu Metals (OSU), Pathfinder Minerals (PFP), Plutus Powergen (PPG) Serica Energy (SQZ), together with some share price targets.
Just a short one – the main batch is expected on Friday evenings, not Thursdays. However, ten minutes after the market close on Thursday a rather strange RNS was released by Pathfinder Minerals (PFP). Pathfinder has done absolutely nothing wrong here (apart from issuing this after-hours) but it is indeed most odd all the same. It seems that 8% of the company is likely to be dumped on the market at some point. Or is it 9%? Whatever….Pathfinder announced a holding in company announcement which states:
Following correspondence with Mr Damien McCrystal we republish an earlier article to correct one or two factual issues. Tim Horlick is a City financier but is perhaps as well known for being the ex husband of the self proclaimed “superwoman”, come PR obsessive and supporter (with other folks cash) of Bernie Madoff, Nicola Horlick. But having had my sport with Nicky I now turn to Timmy and put to him a few questions regarding AIM listed Pathfinder Minerals (PFP).
I mentioned this company on twitter a few days ago at 0.45p as the share price showed some technical signs of life. That is welcome as this has been a bit of a stockmarket pup for two years.
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