• Target

    £100,000

  • Type

    Other

  • Close Date

    Mar 9 2020

  • Status

    Open

RISK WARNING: Your capital is at risk. The risks of investing include: illiquidity; lack of dividends; loss of investment; and dilution. You should invest only as part of a diversified portfolio.
Please read FULL risk warning

Path Investments Plc

25% fixed discount to IPO price by way of Convertible Loan Stock, with mandatory conversion at IPO into ordinary shares of the company.

Investment closes only once the total pledged amount passes the minimum of £10,000

Total Pledged: £1,000
Max

£100,000

£

A pledge is not a commitment. You will be asked to confirm in the next section.

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Overview

Path was admitted to trading on the Standard Listing segment of the Main Market of the London Stock Exchange on 30 March 2017. In addition to oil and gas assets, the Company is also targeting investments in other natural resources, such as minerals and gemstones. 

In Dec 2017 Path suspended the listing of their Shares in order to effect a proposed transaction in acquiring a 50% participating interest in a producing gas field. Path however, gave notice for its withdrawal from this proposed agreement in Nov 2018, due to the inability to reach an agreement with vendors relating to transaction structure and timing. 

The Company has remained focused on acquiring producing or near producing assets which will provide the Company’s shareholders with access to, over time, a diversified portfolio of assets, offering a dividend stream as well as development potential for capital growth. 

The proposed Acquisition meets these criteria, bringing 75% ownership of a tourmaline and high purity manganese ore (as used in EV batteries) mining licence in Zambia, a well-established mining jurisdiction allowing for rapid deployment of capital with attractive risk adjusted returns and potentially short payback periods for shareholders. 


PROPOSED ACQUISITION


The Company announced on 19th August 2019 the intended purchase of FineGems Extraction Corporation (FGE) and the signing of an SPA and have filed a draft Prospectus with the FCA. The Company is focused on completing the proposed acquisition which the Directors believe is in accordance with the Company’s stated corporate strategy. On completion of this Proposed Transaction Path aims to re-admission its shares to trading on the London Stock Exchange.

The Directors believe that the stepwise approach being adopted to a very high value, high margin, low capital expenditure opportunity presents multiple upsides, both from the current licence and from growth in the portfolio and creates exposure to growth of the middle classes in Asia, in particular of India and China. This phased investment sequence reduces risk and the time to first dividend declaration. 

The Directors believe they are following a superior business model to industry peers due to the Company’s focus on smaller mines, lower capital expenditure, higher margins and faster paybacks.
 
Deal Manager avatar

Deal Manager
Kieran Chong

  • Sector: Financial Services
  • Region: UK: London
  • Stage: Undisclosed
  • Eligible Tax: Undisclosed
  • Min Investment: £1,000
  • Originator: 360Equity
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Originator


Originator: 360Equity

Investment Focus: Equity, Debt, Property, Secondary Market (i.e. buying shares from existing shareholders), and Cryptocurrency

About: © 360Equity 2019. All rights reserved. 360Equity is a trademark of Capital Plus Partners, a limited company registered in England and Wales (No. 03672149), with registered office at The London Office, First Floor, 85 Great Portland Street, London, England, W1W 7LT. 360equity.envestry.com is a website operated by Capital Plus Partners Limited. Capital Plus Partners Limited is authorised and regulated by the Financial Conduct Authority (No. 189495).

Type: Investor Network

Contact Name: Dominic Berger

Date established: November 1998

Date Joined Envestry: April 2019

  • Registered Investors
    Over 1000
  • Investment through platform
    Up to £1m