Pathfinder (#PFP) bins placing at 0.6p. Did the placees walk?
- 2018-04-12 10:36:42
UK 16:15 Monday, 26 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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:
