We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Panthera Resources Plc | PAT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 14.00 | 16:35:29 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 14.50 | 13.75 | 14.50 | 14.00 | 14.00 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 20/5/2025 11:09 by someuwin VSA Capital. Summary of longer note out today...Panthera Resources PLC# BBG Ticker: PAT LN Price: 16p/sh. Mkt Cap: £38.6m BUY Statement of Claim Panthera Resources (PAT LN) has now published its claim having calculated damages due for the Bhukia project of US$1.58bn. This forms part of the Memorial which has now been filed by PAT setting out their case as Claimant. The recent strong performance of the share price, up 121% since our initiation, highlights that the stock is now truly trading in relation to the potential value of the arbitration claim and now with a quantitative figure available, this shows that the market cap represents only 4% of the net claim value (adjusting for fees). Our analysis of the peer group shows that as cases are derisked, this discount narrows and following this significant milestone our updated target risked to 0.3x indicates further upside potential. Our prior EV/oz analysis indicated a valuation range with US$447m as the mid-point and US$1,045m at the top end of the range. In calculating its claim, PAT has the benefit of the full dataset and was likely able to value the project on an NPV basis to provide an absolute rather than relative valuation, with this approach exceeding our initial expectations. Typically awards range from 20-80% of the claim amount, the low end of which broadly aligns with our conservative mid point estimate. Arbitration Summary To recap; PAT’s case relies on a claim that India breached its own laws and is enforcing its rights under the India-Australia Bilateral Investment Treaty (BIT). After changes to the mining laws and an application for a licence covering the multi-million ounce Bhukia gold deposit in Rajasthan, India was rejected, the company has maintained that the value lost was substantial and crucially the legal merits of the case have been verified by the process of securing litigation finance in the form of a US$13.6m from Litigation Capital Management (LIT LN) with fees payable only in the event of a successful claim. LIT has an exceptional track record and the economic merits are also a key part of PAT’s investment case. The combination should provide investors with confidence in both the legal case and the potential for material award. Recommendation & Target Price We have upgraded our target valuation for PAT, updating our valuation approach to incorporate the value of the Statement of Claim. Our previous approach focused on EV/oz comparative analysis which is one of a number of approaches that could be used by the Court to award damages. The SoC demonstrates the outcome of a different approach which is equally valid and likely more accurately reflects the valuation implied by the subsequent auction of the property. Our new target price is based on a blended approach and continues to heavily discount the potential claims using a risk factor of 0.3x. We reiterate our Buy recommendation and upgrade our Target Price to 80p/sh. |
Posted at 19/5/2025 08:40 by qs99 Not sure what those selling today were hoping for?Size of the prize is now defined, all to play for. Will PAT get government level lobbying involved to help push along a settlement? DYOR |
Posted at 21/3/2025 20:53 by arlington chetwynd talbott If there was a significant chance of a settlement it would be reflected in the share price. The chances are that PAT will have to take the long way round. But the big SoC reveal will undoubtedly be an exciting moment. That is what I am in here for. |
Posted at 03/2/2025 10:48 by qs99 PoG continuing to hold up nicely.....DYOR but as it heads towards $3,000 the value of this claim & assets just dwarfs the current EV of PAT....once valuation of claim is "formalised" hopefully that will spike the interest in this share & SP, but also of the Indian govt to buy them out....DYOR |
Posted at 31/1/2025 09:15 by rider75 Obvioisly, if NPV is in the billions, 100m wont be enough for PAT. |
Posted at 30/1/2025 10:07 by qs99 Interesting article from FT on the HOC thread. Well worth a read. Could be real rocket fuel for PoG if it is even half true! DYOR....which should in theory put a rocket under PAT's valuation of its claim....let's see....which would make it more worthwhile for the govt just to buyout PAT and move on, seriously don't get it. If you have billions of NPV, why not offer a bone, even £100m would be 7X current share price!DYOR |
Posted at 13/1/2025 18:11 by rider75 I have already told the mates in the other board, coming accross me accidentally means luck for them also.mqny casess somehow I have found great strories, right around the good timing. Fully respecf and feel empathy to those have been folliwing or investing on the actual stock, many cases for long years, have all the info I havent, and respectfully ask them always. So its more of luck then my geniousness. On PAT board someone posted the fact of Zeniths first beneficial ruling,,and I bought in rapidly, unusually only aftrr that made some research, then bought more. My average may be around 0.35-0.40 NOK. Today at 1 have oulled the bulk of my initial stake. Thats the way it goes, like it better, a few step forward and only zero or a small step back. Similarly with ETM (Greenland Mineral, or Energy Transit Minerals) that was also a grrat timing around christmas (Trump helped and Marcin Michalek then Swen Lorenz, but hotcopper and others also wrote about that. Russoro Mining was my greatest play in terms of %, GRZ also a good one. Other sort, but a ued a nice move with GCM where my cautious attitude helped. And luckily only tiny left position in GBU, which is the one I think have a chance to a succesful annulment request. Some greenx, small MON . So, based on my lucky timing, you are at the best place in PAT... :-) |
Posted at 13/1/2025 10:36 by rider75 Yeas there are several "lifecycles" or phases of these cases, with different risks and potential. Maybe at these stages in PAT tats the lowest risk momentum.Do you follow the Zenith Energy story with Tunesia? |
Posted at 12/1/2025 23:30 by arlington chetwynd talbott I certainly see the SoC (or even anticipation of the SoC if a date is set) as my cue to exit and reassess. Like any trading idea, it won’t work if everyone has it - PAT wouldn’t then re-rate sufficiently - but many folk will inevitably remain strapped in, some of them will likely add and some newbies will likely be drawn in. Fingers crossed. |
Posted at 12/1/2025 19:36 by punting Yes agreed good post by Arlington. ( sorry about yesterday I was abit drunk! ).I have about 30% in pat ..the rest is mostly in managed stuff etc. I always thought the WA assets would give me a 5p return if things went belly up in India, that, i am not so sure on now especially with the political situation. I think on soc de-risking is on my radar now. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
