Panther Metals Share Discussion Threads

[wrtmf] 04/5/2021 16:50

darren retweet



shreiber mine at big bear, historic assaying [1985-1987]

22.9% zinc
17.5% copper
4.47 oz/t silver

[wrtmf] 04/5/2021 08:05

hopefully a lesson learned from last year, is the 2 new permit applications at big bear are at a distance from first nation settlements. maybe! - palm had a chat with ontario authority and first nation about what would keep all parties happy. not impossible. agree with kaos its not the best timing for submitting new permit applic, but they may have been head down organising oz progress in q1 which has been intimated in interview i think.

expanded drill plan at dotted lake is the cherry imho in the rns.
good results there will turn a lot of heads. [the hemlo gold camp]

the 2 new big bear applics are not yet returning in ontario search results - i don't think they will show up until the 30 day public notice is posted - will keep folks updated. [check weekly]

[kaos3] 04/5/2021 07:54

who signed AR, where is the main action lately, .....

agree - about Kerim, peace BB brother

[spudtheplumber] 04/5/2021 07:40

Kerim is not running Australia, he is going on the board as non-exec chairman. We are drilling dotted lake very soon.They are not avoiding work lol

[kaos3] 04/5/2021 07:32

good news but (lol) they ask for permissions at the start of the season and it takes time to get them - so that they can avoid any work this season - blaming the regulator

me going back to the primary school - how to avoid school work load - so I can play - they must have watched me

---------------------

PALM - BUSINESS is Canada now

so Kerim will run Australia for whom?? And I was so excited about fast forward Oz

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not going the way I phantasized

[soulsauce] 04/5/2021 07:22

Good news this morning.

[kaos3] 03/5/2021 19:46

my further PALM actions will be after I ll read on the Oz deal economics and the managements role in the new listed entity (what kind of their interest ponders will be put towards the new entity, conflict of interest, remuneration - each Co some fee and it adds up to a decent sum for basically the same job as before ...) and the fair and up to date Canada situation (without omitting what is not going on there but should - like lab results, further bear progress/authority discussions/clearly problems there imho etc)

also I ll be sharp on time taking for the Oz and the rest

[spudtheplumber] 02/5/2021 13:21

I thought it was wise to email the company as 70% more remuneration is considerable when I had posted 120k figure previously.

[spangle93] 02/5/2021 13:14

I'm surprised you thought it essential to email the company about this, but well done for your research. ;-)

You are correct about pension contributions - it does say that it is part of their package, like bonuses, but I missed that neither has yet been implemented. Apologies to the BB for the oversight

I am not questioning your answer about the £83k, since you've gone to the source, but I am quite surprised by this practice, which is not my experience. Directors are office holders of the company, not hired guns, and therefore they should only receive payment through their own companies if they are doing specific pieces of additional work outwith duties involved in running the company.

[spudtheplumber] 02/5/2021 11:56

This is 100% NOT a lifestyle company. If you want to see a set of lifestyle accounts check out the Infrastrata results.....

[spudtheplumber] 02/5/2021 11:53

Sorry Spangle you are incorrect!"Directors' remuneration is detailed within the Directors' Remuneration Report on page 31 to 39. During the year ended 31 December 2020, Directors' remuneration has been paid in fees to service companies and to individuals as salaries (through payroll). The fees paid to Directors were paid to the following servicecompanies (figures include consultancy fees noted above)"The 83k is included in the total 120k directors renumeration.The company also paid no pensions or it would have been included in the report.I have had this confirmed by the company this morning!The company has also never paid a bonus to anyone.All it takes to have this confirmed is a quick email . Good luck with your investments.....

[spangle93] 02/5/2021 09:19

spudtheplumber 30 Apr '21 - 22:41 - 1017
Total bod wage bill 120k last year!


That excludes the £83k paid to the personal companies owned by board members, the LTIP, the bonuses, and the other elements of the remuneration package (pensions, PHI etc)

Still lower than many companies award themselves, but not quite as low as you painted

[spudtheplumber] 01/5/2021 11:29

I believe ozzy ipo rules mean the company needs to have sufficient cash for 2 years worth of operations.(Remember seeing it somewhere)So for me the biggest % we can retain will be the best short and medium term for Panther UK

[wrtmf] 01/5/2021 09:46

cheers soul.
--

question for folks to ponder, if you had a say, what would you prefer,
1] palm-uk take 25% of palm-oz, subject to dilution over the coming years

or

2] palm-uk take 15-17% of palm-oz, subject to no dilution

or maybe more realistic

3] palm-uk take 15-17% of palm-oz, subject to no dilution for 3 yrs

[which & why]

[soulsauce] 01/5/2021 08:37

Good work wrtmf.

[wrtmf] 01/5/2021 08:07

cheers spud.

it was the middle of the night and i didn't think to keep my mouth shut until after open tuesday, lol, anyway its a small step that will play out over the next few months so no bother

an aside, pdm have paused drilling both for a breakdown in machinery and conveniently for them, the spring thaw [see above, 1016], to resume once they have analysed downhole data etc. what that means for palm is a rig move should be a few weeks away yet because of ground conditions

[spudtheplumber] 01/5/2021 07:34

Great research again WRT!Darren said in an interview, depending on progress, panther would be able to decide to maintain % in the future

[wrtmf] 01/5/2021 00:10

now if we could just have similar on those three big bear applications...

ha ha, pinged darren a quick congrats, hope he doesn't mind too much this late!

[wrtmf] 01/5/2021 00:07

anyway...i thought i'd just do a check on how things are progressing with the ontario authorities

some good news.

--
Panther Metals (Canada) Ltd.- Mineral exploration permit
Instrument type: Mineral exploration permit

ERO number 019-3386
Notice type Instrument
Notice stage Decision
Decision posted April 28, 2021
Proposal posted March 23, 2021
Comment period March 23, 2021 - April 22, 2021 (30 days) Closed
Last updated April 28, 2021
The Director of Exploration has made a decision on the exploration permit application PR-20-000376 to Panther Metals (Canada) Ltd. for early exploration activities near Marathon, Ontario.

The decision is to Issue

--
for newbies, that means a green light for dotted lake drill

[wrtmf] 01/5/2021 00:00

the more that is known about the 3 oz assets the greater the % palm-uk then get to hold on to. making the asx move without the mag in the northern territory [if that is how it goes] would be a handicap in negotiations.

the difference between [very broad guess] ball park figs of 7.5-12.5% v 20-25%

also will the % holding for palm-uk be non-diluting or is that too much to ask?

lots of questions to be answered in due course

[spudtheplumber] 30/4/2021 23:46

Money raised is money raised!Depends on what the board does with the cash as far as Panther is concerned. Comes down to trust in the management. FWIW I'm backing them...

[wrtmf] 30/4/2021 23:40

as long as its not news to sell into!

[spudtheplumber] 30/4/2021 23:36

Imo seed investors will want news to sell the ipo...They will also want to give potential investors an idea of the plan going forward

[wrtmf] 30/4/2021 23:33

with as many as 828 samples [by auger] to report there is every opportunity to build interest and price by publishing the results in batches - say 300, 300, 228

this being oz and not canada there is a decent chance of getting something after 8 weeks. xtr finished hole 22jan and assay result 19mar. recall the holes are 1.5m deep, but where indicated by the xrf analyser they could have gone deeper

if you read the xtr rns, they used xrf to get their price right up! [start from their 22dec rns]
palm kept quiet through out.

the colin bird - darren likeness doesn't hold up as suggested? by that press piece recently

[spudtheplumber] 30/4/2021 22:41

Total bod wage bill 120k last year!Proof, if needed, this is NOT a lifestyle company and shareholder value is very important. Looking forward to the months ahead.It's not a public holiday in Australia or Canada ....