Panther Metals Share Discussion Threads

[soulsauce] 15/4/2021 20:38

That is why I said no less than 50% to make it worthwhile and give Darren some wiggle room to sell some equity to raise more money at a later date and still be the main shareholder.
I can only think Darren knows more about Canada than he is letting on but it does feel currently, especially with Merolia, that we are hiving off the toilet roll and keeping the cardboard centre.

[spangle93] 15/4/2021 20:27

So, having read the RNS and listened to Darren getting grilled mercilessly in a video channel, it feels that the message that he's trying to get across is "no dilution for existing shareholder". Hmm, yes, fair enough. But surely a loss in value nonetheless

What exactly are existing shareholders left with? Big Bear is like a beached whale - impressive but going nowhere. Drilling permits and sample results so far overdue that the rocks date from an older geological period than when they were gathered. Dotted Lake is like Tesco buying what they think is a prime site for a supermarket with no data on shopping habits on which to base it. Meanwhile, the cream of the assets will be shipped off to another company, of which I'm going to become only an indirect shareholder.

The question has to be what proportion of Panther Australia will PALM end up with? If they are seeking to raise £2.75MM, then what is the valuation of the assets that allows that determination to be made? Hopefully not the purchase price or we'll end up with barely 25% of the new entity.

Maybe it would have been better to wait 6-12 months, get some proper results rock assays from the licences, and advance the value disproportionately to the spend, so that an Australian spin off could raise more money or leave us with a higher equity.

I can understand the tension between advancing the assets in a timely manner versus concern about massive dilution. But I'm yet to be convinced that this approach is the best answer for shareholders, and if I had to pick, it feels like loyal shareholders have got the dud half - I'd rather have 100% of the Australian assets and spin off the Canadian ones

[someuwin] 15/4/2021 19:14

...Being on Twitter is a vital part of trading / investing these days imo.

[soulsauce] 15/4/2021 18:48

Sorry not on Twitter spud. I think I have the log in somewhere to get on there. Cheers anyway.

[spudtheplumber] 15/4/2021 17:58

Yeah soul, i subscribeFollow me an twitter and I can direct message it to you

[soulsauce] 15/4/2021 17:20

Anyone got the full article?

[spudtheplumber] 15/4/2021 16:55

Very good article by Nigel Somerville!He definitely "gets" it imo

[someuwin] 15/4/2021 16:14

"Panther Metals – Intriguing Plan to List Australian Assets: BUY to Double!..."

[soulsauce] 15/4/2021 12:52

I would hope for no less than 50% given Darren's comments.

[spudtheplumber] 15/4/2021 12:45

NT for anything over 500 quidOrders are in I think28% is my guess

[soulsauce] 15/4/2021 12:25

Not a clue spud. The market seems to have thumbed its nose to the news but maybe it would have been better coming out at 7am.

[spudtheplumber] 15/4/2021 12:23

Answers on a postcard Any guessing?

[soulsauce] 15/4/2021 12:15

Yep wish I had seen the Rns before watching the videos lol.
A$5m is a nice chunk to get weaving. I suppose it all depends what holding we are left with.

[mikeh30] 15/4/2021 12:14

DH has listened and given us an operational update so that's a thumbs up. He understands what we want he's starting to deliver it

[spudtheplumber] 15/4/2021 12:12

I think it was mentioned not to dual list Panther at this stage.This new vehicle makes sense to me.

[soulsauce] 15/4/2021 12:01

Not sure what to make of this? Seems a bit of a departure from what had been discussed in the past about hiving off on to another exchange 🤔.

[pecuniarum copia] 15/4/2021 11:45

@StockBoxMedia
Panther Metals #PALM

CEO Darren Hazelwood speaks to @StockBoxMedia about the exciting plans for the Company to list all it's Australian assets on the #ASX Exchange

[soulsauce] 15/4/2021 11:34

Ahh another Darren tweet and another riddle, providing us with more conundrums of late than the latest series of Countdown.
It would be nice to at least have some meat on the bone at some stage as riddles aren't going to keep folk invested.
That said I remain invested with a big portion of my portfolio on intrigue alone, but patience is wearing thin.

Edit: had not seen the Rns.

[spudtheplumber] 15/4/2021 10:56

We will remain a substantial holder in the ASX vehicle with zero costs going forward. Interview out on Stock Box We now concentrate on Canada, this us allows us to allocate funds much better.

[lottsgold] 15/4/2021 10:29

Not exactly sure what to make of this but will hold and see how it pans out, Darren sounds like he's got some drive so hopefully big things ahead.

[xow98] 15/4/2021 10:15

Darren tweet:

In business when you have total clarity, you understand the impact, you know the opportunity in front of you.

It’s not always clear and obvious to others in that moment, but the journey is to you, the foundation’s are in place.

Today is such a day for me.

We build.....

[danmart2] 14/4/2021 22:17

Agree spudtheplumber however no reason why a exploration company can’t develop projects into production.
From small acorns come mighty trees!

[spudtheplumber] 14/4/2021 20:37

Exploration company not a production company. We make a discovery and we re rate.GGP and GBR are examples where exploration companies can go.....

[soulsauce] 14/4/2021 19:48

Production - many years unless they can get something turning at Merolia in the short(er) term.
As for anything else, answers on a postcard. We are all just as much in the dark hoping good things are happening.