Panther Metals Share Discussion Threads

[sipptrader88] 02/8/2022 10:38

Darren says "Fully funded to conduct our campaign we enter the most exciting period in our history"

don't know about "exciting"....more like nerve wrecking"......lol but he also says

(The raised funds affords us the opportunity) .....my summary and...

"We now sit at a pivot point with multiple permitted drill-ready targets, any one of which could transform the Company and propel us onto the next level."

So I've topped up a bit today...still about 20% down....maybe PNT results will get me back up before these ones announced at "Christmas" ?

[quietlife] 02/8/2022 10:17

talk the talk but can't walk the walk
Can not think of one good reason to be buying these with all the warrants at 8.5p

[sipptrader88] 02/8/2022 10:15

"Yes if only he had come to that conclusion sooner instead of kidding us along that he was going to do things differently."

I don't disagree soulsauce.....but I can't think of any "better" alternative from here on.....now that he made the big mistake!

[soulsauce] 02/8/2022 10:10

sipptrader
It has to be......IMO Darren belatedly now sees that if he hadn't gone for broke now....he might have had to raise at 4p or less.....and indeed that event had been successful (maybe not)....would have produced even more dilution....or less cash!

Yes if only he had come to that conclusion sooner instead of kidding us along that he was going to do things differently.

No-one is happy about this and the reason is because we have been strung along with this mantra but when push has come to shove he has shown himself to be no different.

[sipptrader88] 02/8/2022 09:58

well moving on......So we will have
-a market cap of £5m
-cash of £1m...to fund the drills
-shares in PNT worth £2.5m
- an initial cap on the potential of the share price (due to the 5.5p overhang and the 8.5p warrants)...?

Suppose it could be worse....but will the drill programme be big enough @15 x 200m ish holes ? Hope so!

It has to be......IMO Darren belatedly now sees that if he hadn't gone for broke now....he might have had to raise at 4p or less.....and indeed that event had been successful (maybe not)....would have produced even more dilution....or less cash!

If it wasn't for PNT....I would think we would be skimming along the bottom for a while......we need results! GLA!

[soulsauce] 02/8/2022 08:43

Yep debt_collector and there is more content like that more recently.

Like I say raising this much at this level and with a warrant attached to each makes that thinking look at best flawed.
Of course he will argue the markets are dire, well that was always the risk and it's not like no-one saw it coming.

[the_debt_collector] 02/8/2022 08:36

"I don't want to dilute this business massively at the levels we are at"

Darren Hazlewood 28th January 2021 when the share price was 15p

(1hour 33 mins in)

[goldenshread] 02/8/2022 07:58

I was very tempted to buy PALM when the share price was above 10p in April believing Mr Hazlewood would look after his shareholders, just as well I held off.

Problem now is the overhang of 5.5p shares will quell upside + those warrants at 8.5p will create another wall of resistance, more-so as PALM is fairly illiquid.

I would not be surprised to see the stock price drop further as has been the case with other juniors that have raised recently.

Today's news is very very poor for existing holders.

[quietlife] 02/8/2022 07:39

Shocking placing with warrants at 8.5p. Huge dilution. Markets were awful when share price was 10p. Very poor imo and does not look good. Placings at 12p, 8p and now 5.5p with 1-1 warrants at 8.5p. Basically 44m new shares at 7p if all exercised.

[soulsauce] 02/8/2022 07:24

I know it's not easy scotty and I have a lot of time for Darren but for me he should have come to this conclusion weeks if not months ago.
He raised bits when the share price was double this as he wanted to keep dilution to a minimum which was commendable but now that decision looks flawed as he has raised a lot at rock bottom and tied us up with some warrants too.
Of course I am speaking from 20/20 hindsight but the warning signs of a poor market were all there.

[grimreaper2019] 02/8/2022 07:18

5.5p placing to raise £1.148m - 1 for 1 warrants at 8.5p over 3 years, 24% dilution.

I'm sure Mr Hazlewood said he would look after existing shareholders in various podcast events - oh dear!

[scotty1] 02/8/2022 07:14

Yep soul could have got this away at a lot higher share price which would have be less dilutive and less painful.

[shortarm] 02/8/2022 07:12

This is the market we are currently in, needing investment at the moment is not ideal!

[scotty1] 02/8/2022 07:12

Should have seen this one coming doh.

[soulsauce] 02/8/2022 07:11

Ouch!! Well we knew it was coming but it is no less painful.
Just wish he had come to this conclusion earlier when the price was higher 😏

[sipptrader88] 27/7/2022 10:01

Well that was fast....some more intersects around or above that 1m@ 478g/tonne.

isn't that the same content as 4.78g AU over 100m?

GLA

[spangle93] 27/7/2022 07:57

Thanks Renniks

Should be similar with the diamond drills at least, as they are twinning the best two RC holes

Someone needs to update the PNT website, things have moved on a bit since IPO !!

[soulsauce] 27/7/2022 07:43

Thanks renniks 👍

Let's hope for much more of the same grades.

[sipptrader88] 26/7/2022 17:42

Kerim is listed on PNT Website as a considered specialist on the geology on their Northern territory assets..also you should watch this proactive.....hxxps://www.proactiveinvestors.com/companies/news/965485/panther-metals-ltd-talks-asx-listing-and-exploration-plans-for-nickel-and-gold-portfolio-965485.html

[spudtheplumber] 26/7/2022 14:21

Nick has always been Panther's dedicated Canada geo

[kaos3] 26/7/2022 13:21

Yes but - KS has no problems going around into Kosovo, Kazakhstan (I think) etc. What makes you think - he is providing his AAU BOX tool services to PALM OZ only. not to the Canada..... He could and is not. Or can not.

[soulsauce] 26/7/2022 11:08

Because he wants to do everything from his ivory tower in Australia. Come on kaos3 has being involved in Ariana taught you nothing 😉

[kaos3] 26/7/2022 10:59

KS brought his OZ properties into the PALM mix to add to Canada. After a while he took his OZ properties and himself out. I did follow.

I still do not know why he left Canada assets and the rest of the PALM team. But to me it looks he was right ( so far).

[renniks2016] 26/7/2022 03:50

https://stockhead.com.au/resources/panther-quick-to-pounce-snaring-several-milestones-just-months-after-asx-debut/