FYI ~ Markovic ~ (Lesko Constructions, JGM Properties, Markovic Family No 2 combined) largest shareholder 14th May 2021, Markovic - currently the sole shareholder of Equinox Resources Habib ~ moved up to 3rd largest shareholder @ 7th Sept 2021 Habib proposed director of Equinox Resources entered the Top 50 list - 14th May 2021. ~ Equinox Resources established 26th May 2021.
Markovic - Had increased holding as at the 14th May 2021 ~ 4,286,981 / 7.38% ~ Becoming a Substantial Holder notice, 2nd November 2020 ~ 4,615,522 / ~ 7.96% ~ Top 50 shareholders,14th May 2021 Under Section 671b of the Corporations Act, a "Change in Substantial Holding" notice is only required when there is a 1% change in holding ~ share movement ~ Lesko unchanged, JGM Property 840,000 increased to 871,152, Markovic Family No 2 decreased from 698,541 to unknown (less than 599,250) ~ Top 20 shareholders, 27th Sept 2021 ~ indicating at least a 99,292 reduction of holding from the Markovic Family account.
Habib - as at the 29th Oct 2020 was not included in the Top 20 but ~ 1,556,325 / 2.685% ~ Top 50 shareholders,14th May 2021 increased to ~ 2,631,807 / 4.56% ~ as at the 7th Sept 2021 subsequently decreased to ~ 2,249,307 / 3.88% ~ 27th Sept 2021
Bilal Ahmad increased share from ~ 1,069,750 / 1.845% ~ Top 20 shareholders, Nov 2020 ~ 1,900,250 / 3.278% ~ Top 50 shareholders,14th May 2021 ~ 1,915,250 / 3.31% ~ Top 20 shareholders, 27th Sept 2021
Ms Chunyan Niu ~ not in the Top 20 shareholders, 2019 Annual Report - but appeared in 2020 Annual Report ~ 195,000 / 1.24% ~ Top 20 shareholders, 2020 Annual report ~ 2,608, 229 / 4.5% ~ Top 50 shareholders, 14th May 2021 ~ 2,622,000 / 4.52% ~ Top 20 shareholders, 27th Sept 2021
Bin Liu ~ was in the Top 20 shareholders, 2019 Annual report - but omitted from the Top 20 in the 2020 Annual Report ~ 39,000,000 / 1.48% (post consolidation 195,000) ~ Top 20 shareholders, Annual report 2019 ~ 1,923,113 / 3.318% ~ Top 50 shareholders, 14th May 2021 decreased to ~ 926,000 / 1.6% ~ Top 20 shareholders, 27th Sept 2021
DDPEVCIC (WA) PTY LTD <Dominic Family A/C> & David Pevcic ~ new to the Top 20 ~ 1,450,436 / 2.503 ~ Top 50 shareholders, 14th May 2021
Knight61 Investments (1,250,000) Yacaja (1,000,000) Cleanwest Property Services (1,003,730) Rankine Infrastructure (929,839) and Ms Xiaodan Wu (675,000) exited the Top 20 New entries in Top 20 ~ Kobala Investments 1,063,403, Sandy Tossoun 904,204, Mary Tossoun 796,204 with Tossoun Super increasing from 600,327 - 1,465,403 ~ if related? Tossoun parties holding 5.46% ~ Substantial Holder Notice should be issued?
~ Kudos @apkjm at least you recognise that PF1 is currently stagnant and has been basically since listing with the stalled King Tut project. re: "PF1 has been a dead duck since IPO, only a nut case would argue otherwise." ~ makes it even more baffling why large shareholders are increasing their holdings and harder to understand the share price appreciation and market cap. re: "But IMO we now have forward movement, so we wait and see I guess." ~ It is good that you remain optimistic, but what has changed to quantify the company having forward movement?
Back to the original discussion:@Brightshiny1 The current "pro company" posters had the golden opportunity to show case Pathfinder Resources to a prospective investor with their thoughts / investment thesis / opinions of where they think the direction the company is heading with its current project, the pros and cons, management team, etc, but all that was offered was: ~ "Following the smart money" ~ How smart is it? for some of the largest holders, their capital has been locked away for over 4 1/2 years. ~ "The big holders are heavily invested here and won't let it fail" ~ the same "big holders" that are here that were heavily invested in WFE, what happened there? ~ "Ignore the down rampers" ~ I am neither an ex holder, a bitter holder nor bitter, and pro company posters either can't or don't want to debate the contents of negatively slanted posts. The company are not waiting on any drill results, what they are waiting on is a permit for the maiden drilling campaign which the Company advised was scheduled to commence late March 2021, maybe the inexperienced management team got a ahead of themselves but some of the delays can be attributed to COVID, but at the release of the Annual Report to year ending June 2021, the company appear to be no closer to getting the permits than they were back in March with the permit approval still being at an advanced stage.
The frequent posts of "new acquisitions" or "new projects" ~ the company has a remaining M & A budget of circa $720k remaining for complementary assets, the also have a depleted Administration Budget (June quarter cost of $132k) if the current quarter is similar they will have circa $50k left for admin. Working capital budget is also being depleted (June quarter costs $53k) if similar, they will have circa $160k, the September quarterly figures will be interesting as to what cost to the budgets the divestment of Hamersley was.
Interesting that the "neighbours" are citing Green as being a hindrance, one would think that only the inner sanctum of the board of directors would be able to pass judgement on director/s performance, and it was only 12 months ago, Green was one of the "saviours" of the company, or is it a case of that company made statement? re: "The Disposal will allowPathfinder to retain some indirect influenceover the future development of the Hamersley Iron Ore Project through holding a substantial interest.......(sic)" ~ The content of this is irrelevant to the discussion per se, but the inference isn't.
@Justadabble ~ I do not agree that the outcome of the Equinox IPO will / could have a benefit to the Share Price of PF1 ~ not only do I think the current SP is way over inflated but also the consideration shares that the company is receiving will be escrowed for 24 months from the date of listing, and will be totally reliant on the success of the Hamersley Iron Ore project. ~ I do not doubt the IPO will be successful, but (IMO) it won't be because of the Iron Ore asset, still surprised given the anticipation and the "following the smart money logic" that the IPO is still open. ~ I haven't forgotten or ignored attempting a "best case scenario" for the Iron Ore project, basically because it is very difficult with the head winds that will be presented, as well as the changes to pricing structures for lower grade ore / penalty for high impurity ore / shipping / transport from mine gate to port all adding to the AISC / EPA restrictions on port throughputs, etc. Unless this management team have a different logic as per current small Iron Ore producers that are starting to shut down operations at the current price of Iron Ore, or where the analysts think it will be heading for 2022 and beyond.
(20min delay)