Panthera Resources Share Discussion Threads

[gallamar] 18/6/2024 00:50

I think cash goes more than 1yr ( i cannot see us throwing cash at kalaka).

Anyway 6m from now the claim amount will be in public domain. If the stock has not risen to 10p by then we are all wrong because the market does not likw the story.

[punting] 17/6/2024 18:21

Maybe 1 Yr.. they raised about £900k early Dec..and if they have to start throwing money into Kalaka etc..it might run out before 12months is up.

[horndean eagle] 17/6/2024 16:22

The cash will last a year. Hopefully get some case milestones along the way. Would obviously have been a lot easier raising at higher levels had we actually managed to tick some of those off. Won't be long before we do

[punting] 17/6/2024 11:19

Yup..let's hope good news comes in from negotiations in India & or we sell something in west africa before this cash raise runs out.Which I reckon will be in 6 or so months. Maybe less.

[babbler] 17/6/2024 08:05

Placing leaked then....

[gallamar] 13/6/2024 12:56

I dont think it is institutional we are too small. Most likely a placing might come and as always info leaks out

[punting] 13/6/2024 11:23

Best part ( if you take black trades into it) million shares sold in big lumps..maybe tr1 coming in?..people/institutions carnt wait for ever...update needed..just a guess ..

[gallamar] 13/6/2024 11:12

The general feeling is the case is solid due to lcm ( winning 93 pct of cases).

There is some uncertainty at moment.
1. Waiting for next stage in court
2. Management are palying with west african assets (kalakka) to realise value so we have clean ride to court case

Maybe todays results were not perfect around 80pct recovery. But in general we need a CEO update

[qs99] 13/6/2024 09:47

Just looks like 3:1 sellers no? DYOR

[babbler] 13/6/2024 09:22

Hmmm. What's occurring?

[gallamar] 27/5/2024 17:53

Punting,
Agree with the general view of being happy with pretty much anything.

[punting] 27/5/2024 17:12

Well I will have a punt at around $1.5 to $1.8 billion...however pretty much anything I will be happy with.

[gallamar] 27/5/2024 16:15

I am becoming a little bit more optimistic now given the email responses below. Minimum 1.3bn usd in 2027 ( by the time we go to court) is my guess.

We have drilling for 7.3m oz with extra 0.7m oz from equivalents.

I saw videos of geologist from GSI and ours saying resource could be much larger. That is both sides stating more than last drill results.

I think we might go for 10m oz, so i think 1bn at todays point is possible.

Factor in maybe 8pct a year for accrued interest until we go to court and we are at 1.3bn usd

Personally i think they have this scenario already priced up, hence drawing your attention to the $1bn number in rns from times of india.

[gallamar] 27/5/2024 16:05

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!.

[punting] 27/5/2024 11:04

Cloak & daggers time should be well & truly be behind us once we formally announce arbritation.

[punting] 27/5/2024 11:02

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.

[gallamar] 27/5/2024 09:05

Honestly not sure.
One piece of information on lse said it happened last week or a little before.

But there are then also further admin steps.

All a bit annoying because i expected a Q1 release of claims amount

[punting] 27/5/2024 08:18

When does the auction end?

[gallamar] 26/5/2024 21:27

I think we can imply from the response it is 1 billion plus.

My guess is they are not releasing anything at all while the auction is ongoing.

[punting] 24/5/2024 06:10

Well, if they just said ' a claim in excess of a 9 digit sum'...would be very nice & helpful to the share price

[edhellas] 23/5/2024 18:22

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.

[edhellas] 23/5/2024 18:21

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.

[edhellas] 23/5/2024 18:21

Looks like July may have been too optimistic.

Useful info here for the auction:
hxxps://mines.rajasthan.gov.in/dmgcms/page?menuName=QdpQ6vUZUuo;455611;O16ylVRa4Q==

Specifically, look at "Reply of Pre-Bid Queries Pursuant to NIT dated 06-03-2024 (Gold Blocks)"

[punting] 24/4/2024 20:45

Before then, I reckon.

[edhellas] 21/4/2024 14:13

8th July for claim amount