Panthera Resources Share Discussion Threads

[moneymunch] 04/2/2019 14:28

The entire government machinery is "rotten" in Rajasthan and the officials are "hand in glove" with those who have been indulging in illegal mining in Aravalli area of the state, the Supreme Court said on Monday.

[moneymunch] 03/2/2019 15:03

" Our government will also review the decisions made in the six months of the previous government," Raghu Sharma, DIPR minister, said.

"Law does its work that is a different thing. No one can stop it, nor should [it] be stopped," Gehlot said.

............................................

Amid speculation that the Ashok Gehlot-led Rajasthan government is likely to tweak or discontinue some of the pet projects launched during the previous Vasundhara Raje government, the Congress on Tuesday claimed that it does not work with a sense of vindictiveness.

"Now, the first cabinet meeting of the government has taken place. We do not work with a sense of vindictiveness. History is witness that whenever Congress has come to power in the country, whether in the Centre or in states, we do not have time for useless things. Our thing is positive, those people work with a sense of vindictiveness. Law does its work that is a different thing. No one can stop it, nor should [it] be stopped," Gehlot said.

The BJP had earlier hit out at the state government after its decision to review announcements made by the Raje government in the last six months of its tenure.

"They are talking about reviewing decisions. The decisions by the BJP were taken following constitutional and administrative process. There are no errors in those decisions," Madan Lal Saini, state BJP president, earlier told India Today.

During the cabinet meeting of the Gehlot government, apart from reviewing the decisions made during the last six months of the Raje government's tenure, it was decided to remove the condition of minimum educational qualification for panchayati raj and local body elections.

"This tradition, was started by them [BJP] when the BJP government was formed last time. That the reviewing of decisions of last six months of the previous government was started by the BJP. Our government will also review the decisions made in the six months of the previous government," Raghu Sharma, DIPR minister, said.

[moneymunch] 02/2/2019 08:09

Every chance that Panthera and their new partners Galaxy and Hutch capital will secure their rightful grant to permit license approval for the World Class Bhukia gold prospects.....High Court Hearing coming soon, this time with a different Rajasthan Government party in place, and 8 senior officials from Rajasthan Mining Department arrested on large-scale corruption charges. Gla ;-)



Panthera Resources Bhukia Property Rights Protection Granted

28th September 2018

Panthera Resources plc (LON:PAT), the gold exploration and development company with assets in India and West Africa, has today announced that the High Court of Rajasthan, Jodhpur has granted Stay Order protection over the entire 25km2 Prospecting Licence Application area of the Bhukia Joint Venture.

Highlights

· The Court has admitted the Writ Petition filed by the Company’s JV partner Metal Mines India Pvt Ltd.

· Stay Order protection has been granted over the entire 25km2, PLA area.

· The Government of Rajasthan has been given 4 weeks to respond to the Writ Petition before subsequent hearings will determine the matter.

Background and Implications:

The Company was recently advised by the Government of Rajasthan that the PLA made on behalf of the Bhukia JV, by its joint venture partner Metal Mines India Pvt Ltd., had been rejected. The notification was in response to an Order issued by the Court dated 22 January 2018, where the Court directed the GoR to take a final decision on the pending PLA, preferably within 3 months from the date of the Order and gave the Bhukia JV liberty to file with fresh cause of action, in case it was aggrieved by the decision of the GoR.

The Company immediately moved to exercise the legal recourse available to it by filing a Writ Petition, before the Court, challenging the order of the GoR, rejecting its main PLA.

At a hearing on 26 September 2018, the Court admitted the Writ Petition, issued notice to the GoR and asked for a response within 4 weeks.

The Court also gave interim protection to the Bhukia JV by ordering the Government to restrain from dealing with the area comprised in the PLA, until further orders. This was the predicted outcome for the Company and it provides excellent protection of Panthera’s rights and allows the Company several good options to advance the permit to its rightful grant.

The Court heard the matter in detail and found the grounds for rejection to be without merit as they questioned the validity of the sanctioned Reconnaissance Permit in favour of the Bhukia JV and the preferential rights accrued in favour of the company after it successfully completed reconnaissance work under the permit. The interim order was passed ex party, at the first effective hearing and reflects the strong case the company has to protect its legal rights and to have the rejection order reversed.

Geoff Stanley, Managing Director of Panthera Resources plc, commented:

“We are very pleased that the Courts of India have again proved to be effective in protecting the Company’s rights to the Bhukia project. This strong protection offers additional paths to resolve the permitting process with the GoR, puts us in a strong negotiating position, and validates our rights. The Bhukia project may represent one of the most significant undeveloped gold and copper deposits currently known, and despite these ongoing delays, we are confident of our rights and believe opportunity to advance such a high-quality project is within reach. I look forward to updating the market as further progress is achieved toward the goal of being able to grow the existing JORC (2012) resource of 1.74 million ounces by drill defining the larger exploration target, which currently stands at over 6.0 million ounces.”

[moneymunch] 01/2/2019 13:41

Ps my average here is 2.6p and those that got in on the drop at 2p and sub 2p are up 50%...Ker-Ching!!! Much more to come of course...watch and weep you troll gimp creep...ha ha ha ha ha:-)

[moneymunch] 01/2/2019 13:07

Mining scam: Arrest warrants against Ashok Singhvi, others issued.

23/1/19

JAIPUR: A designated special court has issued arrest warrants against eight accused in the mining scam including the tainted civil servant Ashok Singhvi under the money laundering act (PMLA) 2002. The court issued the order on a prosecution proceeding initiated by the Enforcement Directorate (ED).

The arrest warrants were issued to Sanjay Sethi, Ashok Singhvi (then principal secretary mines, Rajasthan), Pankaj Gehlot (then additional director, headquarters, directorate of mines and geology, Udaipur), Pushkar Raj Ameta (then superintendent mining engineer, Bhilwara), chartered accountant Shyam Sunder Singhvi, Mohammad Rashid Sheikh, Dhirendra Singh alias Chintu and Tamanna Begum, wife of late Mohammad Sher Khan.

The ED initiated investigation against Sethi and others under PMLA based on an FIR by the Anti-Corruption Bureau (ACB) on allegations of large-scale corruption in the Rajasthan mines department.

Read more at:
hxxp://timesofindia.indiatimes.com/articleshow/67665318.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst ..

[moneymunch] 01/2/2019 10:52

Not Panthera's Bhukia gold prospect, but must be good for sentiment towards Panthera's permit approval. Gla ;-)


India’s first integrated gold mine set to start in Andhra Pradesh

Published Feb 1, 2019,

Commercial production set to begin in 2020; expected to yield 750 kg per yr year.

Vijayawada: Work on independent India’s first integrated Greenfield gold mining project in Andhra Pradesh is expected to begin in the next two months.

The project proponent— an Indo-Australian company — is in the process of completing land acquisition in Jonnagiri of Kurnool district. Commercial production is expected to begin in the third quarter of 2020.

[elcapital2018] 01/2/2019 08:24

monkey nuts

i wasnt tryng to deter anyone...merely pointing out that you usually get things wrong after ramping the life out of a share. .....i have lots of proof, and youre well down on this dog

[moneymunch] 01/2/2019 06:39

ps Dave, just noticed that your're no longer blue here????

[moneymunch] 01/2/2019 06:37

An instant multi-bag on confirmation of Permit License approval for Panthera's World class Bhukia gold prospect in India, where exploration /drilling work should be self funded with Galaxy's $1.25m cash injection for a 10% stake and another £1.5m cash from Panthera's strategic investor, Republic Investment, Galaxy will also earn a further 12% from technical and legal support in progressing and achieving permit approval up to the recommencement of exploration , and earn additional equity from logistics and drilling support upon the re-commencement of exploration at Bhukia.

Galaxy also plan to list on the Bombay Stock Exchange this year and Panthera's Indian subsidiary Indo Gold Ltd and Galaxy are constructively working to negotiate IGL's participation in Galaxy's BSE listing process (possibly through a merger with or acquisition by Galaxy), and so massive upside potential this coming year if all goes to plan.

Galaxy's first $250k payment imminent and another $250k before end of March, and Panthera's High Court Hearing coming soon.....Gla Holders.....On and UP!!! ;-)

[livewireplus] 01/2/2019 02:05

Plenty of colour in the Presentation maps ... let's hope the share price continues to be more 'colourful' during Q1 2019 as well ...

[elcapital2018] 31/1/2019 22:36

Moneymunch is down 80% .....bought in at 20p plus. He is a disaster. Best avoided

[dave4545] 31/1/2019 21:34

Should work for you so bit baffled.

[moneymunch] 31/1/2019 18:41

Ps Dave, your new Premium thread link is only accessible to Advfn subscribers.