UK 17:43 Monday, 26 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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:
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
wildrides
I am a holder ………. a punt I have made a lot on twice running . Will it be a third time lucky? ………. we shall see . We are getting close to an outcome now so I expect these to get mopped up by punters and risk takers ( down to previous lows perhaps) . But so what . If it comes through its another multibag .
wildrides
Just incase your wondering ………… mines a McCoy Crinkle cut, barbecue flavor , in large , please.
nigel somerville
Wild – well I guess if you are a determined holder (I can’t work out whether I’m determined or just stupid!) then an overhang could offer a buying opportunity. Hmmm….more Pathfinder, or a bag of Walkers Prawn Cocktail? Decisions, decisions….
drunken sailor
The stench of Tim Baldwin still hangs over PFP and it goes all the way back to the beginning. It was Tim Baldwin and John McKeon who ran IM minerals which was the company reversed into PFP. The prospectus said that IM minerals was the holder of the licence. It was not! all IM minerals had was an option to buy the licence, which they had not paid to take up. This is what enabled the General to steal the licence and stick it in another company where PFP could not get to it. I am not defending the General and I see the whole thing as one bunch of shysters shafting another bunch of shysters. The general will keep the court action going until he either wins of PFP run out of money and give up. Yes there may be some hype around a seemingly favourable result until the General launches his next appeal or whatever he does. I confidently predict that PFP will never exploit the licence that IM minerals never held, despite the prospectus saying it did.
wildrides
Drunken …………. there is takeover interest in the ranch next door . No reason why that should not reflect on PFP . I think the RNS is a correction of late news ……… I doubt there is an overhang judging by the way the sp is behaving on dummy trades via L2