25th May 2023 18:02
Pathfinder Minerals PLC - natural resources company with licences to mine heavy minerals sands in Mozambique - Reports results for 2022. Says pretax loss totalled GBP376,000, widened from GBP367,000 the year prior on zero revenue which was unchanged. Loss per share was unchanged at 7 pence. Chair Dennis Edmonds says: "Following the completion of the disposal of IM Minerals Ltd, which the company expects imminently, Acumen Advisory Group LLC will have a binding agreement with the company to progress the claim against the Government of Mozambique. If the claim is successful, Pathfinder stands to receive a substantial contingent payment." Further, continues to evaluate opportunities to find a suitable acquisition.
Current stock price: 0.47 pence, down 11% in London on Thursday
12-month change: down 18%
By Jeremy Cutler, Alliance News reporter
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