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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Panthera Resources Plc | PAT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.15 | 2.22% | 6.90 | 16:35:07 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 6.75 | 6.75 | 6.80 | 6.90 | 6.75 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 08/10/2024 09:33 by blakesmith How long did GRX TAKE to completePat is dealing with different country and arbitrators have just been hired You won't have any answer for at least 1 year Pumpers are pumping like they going to get an award any day |
Posted at 29/7/2024 10:05 by 74tom Likely 4+ years away from any decision.PAT is an interesting special situation, however there is one glaring problem and that is the cash position. They've raised twice in the last 7 months; £900k December 2023 at 5p and then a similar amount last month at 5.5p. Neither of these placings was offered to retail investors, instead they appear to go to spivs who then sell them into spikes like todays. That's the reason shares are where they are and unless they can raise more than £1m per placing then the cycle will continue to repeat. After all, if you'd put £100k into the placing last month at 5.5p why wouldn't you want to recover some of your stake at 7.5p? Don't be exit liquidity for the spivs, wait for it to fall back... |
Posted at 26/6/2024 10:27 by qs99 So estimate is $17bn value, vs £11m market cap for PAT.Again, surely Rajasthan and Indian government, would be better off just paying PAT to go away? Let alone if they do have valid rights as that could end up costing them billions Views? DYOR |
Posted at 26/6/2024 07:25 by qs99 Can't understand why the govt of India don't just chuck PAT £100m to go away given size of the gold deposit etc....surely a nuisance AND just means its reputation as a rule of law/safe place to do business is just tarnished? DYOR |
Posted at 23/5/2024 17:21 by edhellas Email 1 from Mark:Subject to the details outlined in the RNS on 2 April, we expect to issue the Notice of Arbitration (NoA) in the near future with the Statement of Claim (containing the damages amount) to follow later in the year. We may however elect to included a damages estimate in the NoA, however, this is discretionary. I do you however refer you to our RNS on 2 January where we quoted government officials estimates of ~US$1 billion. Unfortunately, this is the extent of what I am permitted to disclose at this time. |
Posted at 02/4/2024 14:26 by punting That's really interesting. I think pat has a very small partner in India..they have I think about 3% |
Posted at 02/4/2024 07:31 by edhellas Called it back in January. The treaty allows them 6 months to negotiate. NoD was 2nd Jan.I don't get any PAT think they can ignore the 6 months specified in the treaty, but it seems they've woken up now. Expect the notice of arbitration in July |
Posted at 17/3/2024 14:57 by edhellas None of that makes much sense to me.I don't recall PAT staying at 20p for long.If you're saying the number of shares has increased by 185%, then you'd take 20p and divide by 2.85, to get 7p, which is around the current share price A 8% return on 7p over 5 years would be 10.28p, which is nothing. I don't see where the £1.3b comes from either? They've hinted two or three times now that the claim amount will be around $500-1000m, which is (at current rates) £392.7-795m Current market cap is £11.47m ($14.6m). 1.46-2.92% of the hinted claim amount. Assuming we follow a similar trajectory to Green, we could see 5-20% of the claim amount over the next few years. Plus West Africa assets. |
Posted at 09/2/2024 12:57 by northstar88 Punting, 6 weeks is probably not long enough to respond to a huge claim like this. I suspect they will get the whole first quarter. I also don't think the claim amount will be lowered if they don't get anywhere with discussions, that is not in PAT's interest to do so. It is India that are on the rocks, so it is in their best interest to settle early for a guaranteed and quantifiable payout that will almost certainly be lower than the one requested to pay should they lose the court case. PAT will not go back of their own accord and lower the claim amount if they aren't getting anywhere as it just looks weak and they don't need to. |
Posted at 20/1/2024 11:20 by edhellas Taken from Article 13 (the BIT):"1. Disputes between the Contracting Parties concerning the interpretation or application of this Agreement should, if possible, be settled through friendly consultations and negotiations. 2. If a dispute between the Contracting Parties cannot thus be settled within six months of one Contracting Party receiving a request in writing for such negotiations or consultations, it shall upon the request of either Contracting Party be submitted to an arbitral tribunal. Arbitration proceedings shall be instituted upon notice being given through the diplomatic channel by the Contracting Party instituting such proceedings to the other Contracting Party. " Taken from PATs latest RNS: "Following the delivery of the NoD and in the absence of any meaningful correspondence in relation to this matter from the Government of India or if no amicable settlement is reached, IGPL will subsequently deliver a notice of arbitration to the Government of India. Any such notice of arbitration is anticipated to be delivered to the Government of India in this first quarter of 2024" This means that they have six months starting from January. PATs financial year starts in April, so Q1 for them means April-June, which lines up to the BIT. So we can expect PAT to have their arbitration prepared and submitted in July if things go well. |
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