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PAT Panthera Resources Plc

6.84
-0.06 (-0.87%)
26 Nov 2024 - Closed
Delayed by 15 minutes
Panthera Resources Investors - PAT

Panthera Resources Investors - PAT

Share Name Share Symbol Market Stock Type
Panthera Resources Plc PAT London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.06 -0.87% 6.84 16:35:16
Open Price Low Price High Price Close Price Previous Close
6.75 6.75 6.92 6.84 6.90
more quote information »
Industry Sector
MINING

Top Investor Posts

Top Posts
Posted at 25/10/2024 11:24 by gallamar
There is interest from a handful of investors to meet mark when he is london. Let me know if any of you might be interested.

It is always interesting to meet the man behind your investment
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 27/5/2024 15:05 by gallamar
The CEO is stating that damage estimates are required, but just not at the next stage where we ask for a tribunal to be formed.

I think the issue might be that we have no incentive to reveal damages until required, but investors want to know earlier.

Tough place for CEO. I expect he will follow advice of the lawyers, if they say to delay it he will.

From reading his responses, i am very very happy, but i like you want formal confirmation. My numbers could be massively off!.
Posted at 27/5/2024 10:02 by punting
I would have thought it's in everyone's interesting ( including all investors big & small) to at least give an indication of the claim.I would have thought even the arbritation panel would expect similar.
Posted at 23/5/2024 17:22 by edhellas
Email 2 from Mark:

My pleasure.



BTW, in fear of grossly oversimplifying the precedent case law, the applicable ‘interest̵7; is the cost of capital applicable to the investor. For example, the WACC from the date the expropriation for a small cap gold company.
Posted at 02/4/2024 13:07 by gallamar
There has been some discussion that we cannot move to next stage until we have waited 6 months.

I have checked with ceo and this 6m period does not apply. Per the email below.

So the decision on when to move to the next stage seems to be in our hands!!

Hi Mark,

The provision cited in your email below is Article 13(2) of the Australia-India BIT, which is a requirement that applies when there’s a dispute between the contracting parties, i.e. between Australia and India

This dispute is between an investor (Indo Gold) and a contracting party (India), which means Article 12 applies. Under Article 12, there is no codified minimum period.

Thanks

Mark
Posted at 21/3/2024 11:22 by gallamar
Just finished an over 1hr long chat with CEO.

He really has a great skillset, finance, mine valuation and dispute resolution.

The interview with zak was good but this chat was so much better.

I noted gently about an update being implied by an RNS. But i did not push beyond that.

My main takeaway is that he understands the mindset of investors in pat.l. which is critically important
Posted at 02/1/2024 14:12 by edhellas
"The compensation referred to in paragraph 1 of this Article shall be computed on the basis of the market value of the investment immediately before the expropriation or impending expropriation became public knowledge. Where that value cannot be readily ascertained, the compensation shall be determined in accordance with generally recognised principles of valuation and equitable principles taking into account the capital invested, depreciation, capital already repatriated, replacement value, and other relevant factors."

"Each Contracting Party shall permit all funds of an investor of the other Contracting Party related to an investment in its territory to be freely transferred, without unreasonable delay and on a non-discriminatory basis. Such funds may include: (a) Capital and additional capital amounts used to maintain and increase investments; (b) Returns; (c) Repayments of any loan, including interest thereon, relating to the investment; (d) Payment of royalties and services fees relating to the investment; (e) Proceeds from sales of their shares; (f) Proceeds received by investors in case of sale or partial sale or liquidation; (g) The earnings of citizens/nationals of one Contracting Party who work in connection with investment in the territory of the other Contracting Party; (h) Compensation for loss payments made pursuant to Article 8."

"Each Party concerned shall bear the cost of its own arbitrator and its representation in the arbitral proceedings. The cost of the Chairperson in discharging his or her arbitral function and the remaining costs of the tribunal shall be borne equally by the Parties concerned. The tribunal may, however, in its decision direct that a higher proportion of costs shall be borne by one of the two Parties, and this award shall be binding on both Parties."
Posted at 06/12/2023 16:32 by punting
I would hope that's the bad news out the way. Quantum of the claim should be the start of the game changer.Hopefully the GoV of rajasthan/india will see sense and offer an early settlement. I doubt new & old investors would be involved in the 'cash raise' unless they were confident of a good return soon.Like wise the 2 x brokers taking shares as payment. $13.6 million no win no fee is locked in.Point of note ...no TR1 sellers for long long time.
Posted at 10/11/2023 11:26 by punting
Wow..if the amount is up around the $2 billion mark I would hope for an early settlement..say $500 million after our cost to LCM would be good.For new investors obviously dyor but head over to DFR gold website and read up there.In West Africa we have an asset which we both hold 40% of.

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