Source - SMW
Pathfinder Minerals has narrowed its H1 pretax loss to £404,000, from a loss of £695,000. Revenue was nil and most of the losses were due to administrative expenses.

"The Board is encouraged by the ongoing dialogue with the Mozambique Government which reflects a level of engagement that the Company has not hitherto been afforded," the company said in a statement. 

"We are at the same time continuing to pursue our legal strategy vigorously in the event that we should need to rely upon it to resolve the matters or provide compensation for the Company's loss. 

"The directors are continuing to address the financial position of the Company with the aim of sourcing sufficient capital to bring its strategy to recover the Licences to a successful conclusion. 

"On behalf of the Board, I should like to thank our investors once again for their unwavering support as we seek to recover the valuable assets of which the Company has been unlawfully deprived."

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Pathfinder Minerals (PFP)

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