ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

PAT Panthera Resources Plc

6.60
0.10 (1.54%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Panthera Resources Plc LSE:PAT London Ordinary Share GB00BD2B4L05 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.10 1.54% 6.60 435,838 16:35:16
Bid Price Offer Price High Price Low Price Open Price
6.00 7.00 6.50 6.50 6.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores USD USD -3.14M USD -0.0184 -3.53 11.11M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:16 UT 16,000 6.60 GBX

Panthera Resources (PAT) Latest News

Panthera Resources (PAT) Discussions and Chat

Panthera Resources Forums and Chat

Date Time Title Posts
24/4/202420:45Panthera Resources - Multi-Moz Gold Explorer in India & West Africa1,032
23/8/201910:20Panthera Resources804
24/6/201910:16Chart Patterns4

Add a New Thread

Panthera Resources (PAT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:35:166.6016,0001,056.00UT
15:15:176.60146,0009,636.00O
14:25:046.52102,5006,683.00O
12:27:226.487,512486.48O
08:47:086.40140,7589,008.51O

Panthera Resources (PAT) Top Chat Posts

Top Posts
Posted at 26/4/2024 09:20 by Panthera Resources Daily Update
Panthera Resources Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker PAT. The last closing price for Panthera Resources was 6.50p.
Panthera Resources currently has 170,989,083 shares in issue. The market capitalisation of Panthera Resources is £11,114,290.
Panthera Resources has a price to earnings ratio (PE ratio) of -3.53.
This morning PAT shares opened at 6.50p
Posted at 02/4/2024 15:26 by punting
That's really interesting. I think pat has a very small partner in India..they have I think about 3%
Posted at 27/3/2024 11:09 by on target
Sigh..

Look at the trades screen.
There is a 'Type' column.
The final trade yesterday was for 310 shares at 6p, and it has a type 'UT' (uncrossing trade).
Advfn will change the 'current price' or 'closing price' to the price of a UT trade.

This is what caused the closing price to change to 6p and then back to normal again (mid-price) this morning.
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 27/1/2024 19:25 by someuwin
From the Allenby note 19th December...

Claim against the Republic of India
September announcement of pursuit of damages: Panthera announced on September 27, 2023, that it would be pursuing a claim for damages against the Republic of India relating to alleged breaches of the ABIT. The caveat is that there is no ‘meaningful correspondence’; in relation to the dispute or an amicable settlement. Near-term, there are three stages in initiating proceedings as follows:

– Delivery of a notice of dispute to the Government of India over the balance of Q4 2023.

– Delivery of a notice of arbitration to the Government of India in Q1 2024.

– Constitute an arbitration tribunal within two months of delivery of the notice of arbitration.

At this stage Panthera’s claim for damages has not been quantified. We would expect an announcement on this subject in early 2024 at the commencement of the arbitration process.

...

Share price catalysts

We see plenty of scope for influential news flow and share price catalysts in the months ahead as follows:

– Delivery of a notice of dispute concerning Bhukia to the Government of India over the balance of 2023.

– Delivery of a notice of arbitration to the Government of India in Q1 2024. Simultaneously there may be an announcement on the claim for damages visa-vis Bhukia. This is likely to be the most influential development for the share price in the coming months.

– An announcement concerning the completion of DFR’s 10,000m Cascades drilling programme possibly in Q1 2024.

– An upgrade of the Cascades resource base possibly during 2024 following the current drilling programme. This could potentially be a prelude to a PFS.
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.
Posted at 10/11/2023 10:20 by dumbo4
Uncertainty is always the worst thing and I think it's the uncertainty regarding the claim which is causing the price to drift off. Also is it possible that a credit raise will be needed for PAT to keep ticking over? If so, this is likely to be done after the claim level is known as this should enhance the share price At 5.7p to buy today where I topped up, a claim of $1B is 89 times the mcap. By historic reference to previous arbitration cases, these are pretty good odds. GLA
Posted at 07/11/2023 19:47 by edhellas
Some time ago he said the share price would be somewhere between 6p and ~30p I think it was. Hard to be wrong when your predictions are so vague, or when your prices are only posted on the forum after they've been hit. In the rare case he posts his short term price predictions, they tend to be wrong. I'd advise skepticism on any charts on a share with no revenue, products, or services like PAT.

The main two catalysts for the next few years are the BIT claim and Cascades. We'll see a rise when the claim is announced. Personally I doubt we'll see the claim amount annouinced in 2023. Though I'll get shot for saying that on LSE.

I'd recommend accumulating in this lull then taking some profits when the claim amount is announced.
Posted at 08/9/2023 07:06 by punting
Looks like after hours trades dropped share price a few percentage points.I would have thought once the share price gets above 20p large trades will be the norm.Looked awhile ago at major share holders, around 50% of the shares are held, nominee accounts and by the TR1 brigade.I am sure these guys & girls will want to join the party.
Posted at 04/9/2023 19:17 by edhellas
To be honest I was hoping we'd have a higher share price off the LCM news, bit disapointed in just 9.15p. IMO we're in a much stronger position than December 2020 when the share price peaked around 33p. As Mark said, we're currently trading at a signficant discount.

Hopefully we'll get some whiff of a deal or BIT engagement in the court case next week. I suspect if we go the BIT route, an announcement of the compensation claim will weigh heavily on the share price

My only concern with the BIT is whether we can claim for the 6.7moz that the govt. claimed the land has, or if we must claim the 1.74moz that PAT uncovered
Posted at 01/9/2023 19:37 by edhellas
Not really. There is a commonly referred "gold in ground" value assigned to a company, but it's not really possible to extract that into a share price. If you look at the old report from Cipher, the average gold in ground value was $63oz, median $39oz. Their data was based on various companies from 1990-2013.

The size of the resource did not correlate to the size of the gold deposit.
There was almost no geographical variation.
Apart from a small number of projects, there was no correlation to the current price of gold.

Obviously a lot has changed since 2013, but I wouldn't place much importance on the size of the deposit at this stage. Also PAT only owns 20% of Cascades currently, so we won't see a huge increase in share price
Panthera Resources share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock