More misguided research

Once again, the financial website Proactiveinvestors has published misguided "research" about Pathfinder Minerals and the on-going dispute with General Veloso and Diogo Cavaco.

This time the "research" has been produced by Beaufort Securities, the new name (since 1^st May 2013) for HB Markets, which in turn was a name change from Hoodless Brennan, a stockbroking firm fined by the FSA on more than one occasion for its aggressive selling techniques.

Response to High Court judgement

Companhia Mineira de Naburi (“CMdN”)

Pathfinder Minerals’ Statement re UK Court of Appeal

The owners of CMdN, General Veloso and Diogo Cavaco, note today’s announcement by Pathfinder Minerals re their appeal to the UK High Court.  As they have already made clear, they withdrew their appeal after Pathfinder Minerals filed an application to the UK High Court demanding that General Veloso and Diogo Cavaco:

1.                   agree to provide over £1m of security for costs; and

2.                   drop their legal proceedings in Mozambique

 if they wished to proceed with their appeal. 

This was a clear attempt to stifle the appeal and deny them justice.