Pathfinder Mineralswww.pathfinderminerals.com TICKER: PFP EXCHANGE: L
Pathfinder Minerals is an AIM listed natural resources company with a heavy mineral sands concession on the Indian Ocean coast of Mozambique, encompassing the valuable minerals ilmenite, rutile and zircon, used in a wide variety of industrial applications. Pathfinder, a former cash shell, acquired IM Minerals Limited in December 2010. IM Minerals was a company whose subsidiaries hold licences to mine heavy minerals sands in Mozambique. As a result Pathfinder now holds Mining Concession licences covering a total of over 32,000 hectares and encompassing the Moebase and Naburi mineral sands deposits on the northern coast of Mozambique, approximately 1,100km north east of the capital, Maputo. Pathfinder's development plan for the mine involves investment in two wet concentrator plants, followed by a mineral separations plant, and the construction of an 800 m jetty.
Pathfinder is an AIM quoted natural resources company with a heavy mineral sands concession on the Indian Ocean coast of Mozambique
It is currently capitalised at only £53m although it compares directly with Kenmare Resources, its neighbour in Mozambique, which is currently capitalised at over £1.3bn
The mineral sands deposits in Mozambique contain 71.7m tonnes of the titanium minerals ilmenite, rutile and zircon whose prices have rocketed this year, and are expected to rise further as supply runs into long term deficit
After analysing the recent Scoping Study we set a fair value of 27.5p per share, well above the current 5.1p mark
Pathfinder Minerals is an AIM quoted natural resources company with a heavy mineral sands concession on the Indian Ocean coast of Mozambique. Content includes the valuable minerals ilmenite, rutile and zircon, used in a wide variety of industrial applications.
The Scoping Study produced by URS Scott Wilson confirms the presence of a massive heavy mineral sands deposit rich in ilmenite and the associated highly priced rutile and zircon. Ilmenite and rutile are feedstocks for the production of titanium dioxide, while zircon is used in chemical manufacture and a wide range of ceramic products.
Pathfinder is at present capitalised at only 46m
The direct comparison is with Kenmare Resources, whose principal asset is the Moma deposit, nearby to Pathfinder‟s licences. Kenmare is now capitalised at just more than 1bn, against Pathfinder's 46m. Both companies‟ resources are similar in structure.
Foreign buyers gorging on UK stocks
Document can be downloaded here: UK plc ‘going for a song’
Being a shareholder in a company that receives a juicy takeover offer is a marvellous feeling. Something that many fortunate investors have experienced over the past 3 years. Thanks to a spate of M&A bids by deep pocketed overseas buyers – partly triggered by the June 2016 Brexit result, which sent the £ tumbling and adversely affected the FTSE.
Consequently today, given this trend is unlikely to end anytime soon, we’ve highlighted 30 possible acquisition ideas in the attached research paper. Spilt equally between large and smallcap stocks – covering a broad selection of industries.
What’s more we believe most of these businesses are underpinned by strong fundamentals and substantial upside in the event of predatory interest.
According to Factset Mergerstat/BVR, the average bid premium paid for such deals between 2004-14 was 30% – with the figure trending upwards since the global financial crisis.
Happy investing. Published 27th August 2019