Panthera Resources Share Discussion Threads

[moneymunch] 21/2/2019 12:03

Lol...mostly/ only me Babbler at the moment ....highlighting the potential since sub 2p...and no doubt a few wished they had of bought in or at least held a while longer....although still plenty of time for those who want in as the real upside is ahead on permit approval....Only 67.6m and still a tiny market cap given the potential Gl :-)

[babbler] 21/2/2019 11:50

so quiet here. Derampers from 3p licking their wounds... imo.

[moneymunch] 21/2/2019 11:33

A market cap of £67.6m and an share price of £1 would still look cheap on so much gold potential from Bhukia, let alone their West African prospects.....Panthera will be the Star share of 2019 on permit approval. Gl.:-)

[moneymunch] 21/2/2019 11:25

Back to double figures on the cards...On and Up!!! :-)

[moneymunch] 21/2/2019 11:23

If approval for Bhukia is in the pipeline then no doubt those in the know will drive the share price higher long before news arrives imho...Gla :-)

[moneymunch] 21/2/2019 11:14

Sticky fingers crossed it will all come good...On and Up!!! Gl :-)

[habz1986] 21/2/2019 10:43

Cheers dude...im new to all of these had sticky fingers and invested in them but should have waited to 11am yesterday dropped to 7.5p

[moneymunch] 21/2/2019 10:41

Ps habz, shouldn't be too before you can bail out at 11p...a sudden and significant re-rate more than likely on any inkling of good news from India. ;-)

[moneymunch] 21/2/2019 10:12

Lol...if they don't get the Bhukia PL then it will go to rockbottom but at lesst they've still got their West African prospects to look forward to therafter which could add significant value as they're developed ...and if the Bhukia PL is awarded then the upside will be breathtaking...High risk but very high reward with momentum building in Panthera's favour imho...Gl :-)

Ps i get my info from my research..it's all there if you look for it. :-)

[habz1986] 21/2/2019 09:55

If the price goes to 11p im pulling out!!!

[moneymunch] 21/2/2019 09:50

Right time right place for a potential multi-bag of multi-bags. Gla Holders...On and Up!!! :-)

[moneymunch] 21/2/2019 09:47

Gold jumped out of the gate on Tuesday following a long weekend for North American markets, adding more than $22 an ounce in heavy buying.

Gold for delivery in April, the most active futures contract, reached a high of $1,345 an ounce, the highest in 10 months after more than 32m ounces changed hands in New York.

Institutional and retail investors have piled into gold in recent months. 

The bullish sentiment is also evident in the results of the survey by the London Bullion Market Association of 30 analysts' predictions for the gold price in 2019. Two-thirds of those polled believed gold will either reach or exceed $1,400 this year.

[moneymunch] 21/2/2019 09:31

Lol, that's the plan..."a considerable rise in value"...Gl :-)

[habz1986] 21/2/2019 09:09

So can we expect a good rise in share price

[moneymunch] 21/2/2019 08:46

A done deal??? ;-)

Galaxy's BSE listing is pivotal to the granting of the Bhukia PL imho, their legal and technical due diligence and investment indicates supreme confidence in Panthera's rightful claim to the PL, and the BSE listing will more strongly align Indian capital and investors with the success of the project and allow greater participation by Indian investors in the success of the Bhukia project, and so no doubt there must be many key administrators and Indian financial institutions who now have a vested interest in working towards a successful conclusion given the 6m plus oz resource potential of the World Class Bhukia gold prospect. Gla Holders....positive news on proceedings could drop at anytime and with only 67.6m shares with 36.3% not in public hands and a current market cap of a lowly £5.3m.....the upside could be breathtaking on permit license approval.... ;-)

"Panthera and Galaxy are working closely to negotiate IGL’s participation in the listing of Galaxy on the Bombay Stock Exchange (“BSE”) possibly through a merger to the acquisition by Galaxy. We believe that this, together with the granting of the Bhukia PL have the potential to add considerable value to the company."

[moneymunch] 20/2/2019 15:06

RFC AMBRIAN COMMENT: The two-staged US$1.25m purchase values Panthera’s remaining 90% interest in IGL at US$11m, a 40% uplift to the company’s current market capitalisation of US$8m, which incorporates its share of the Bhukia JV, its three highly prospective west African gold exploration projects and its approximately 15% stake in Anglo Saxony Mining (which is currently advancing a preliminary feasibility study of the Tellerhauser Sn-Zn-In deposit in Saxony, Germany).

As noted in its December announcement, Panthera and Galaxy are working closely to negotiate IGL’s participation in the listing of Galaxy on the Bombay Stock Exchange (“BSE”) possibly through a merger to the acquisition by Galaxy. We believe that this, together with the granting of the Bhukia PL have the potential to add considerable value to the company.

The company continues to generate encouraging exploration results from its portfolio of gold exploration licenses in West Africa and the first payment under the agreement with Galaxy is a demonstration of the faith that Galaxy have in their ability to help advance the process towards the grant of the PL over the Bhukia project (IGL 70%). This would allow the company to re-commence exploration on the project which has the potential to develop into a large-scale open pit gold mining project and where current JORC compliant resources are 1.7Moz and the company has a target of outlining 6.0Moz of resources.

[moneymunch] 20/2/2019 13:48

Time will tell, but it certainly looks that way. Permit licence approval will be a game changer for all invested. Gl :-)

[goodbloke1] 20/2/2019 13:42

Thanks so it seems pat have excellent connections to get the ball rolling!

[moneymunch] 20/2/2019 13:28

20/12/18

Partnership Agreed to Advance the Bhukia JV Project in India

Panthera Resources plc (AIM: PAT), the gold exploration and development company with assets in India and West Africa, is pleased to announce the signing of a definitive term sheet with Galactic Gold Mines Private Limited ("Galaxy"), forming a partnership in India to advance the Bhukia JV Project.

Highlights

-- Following extensive technical and legal due diligence by its team in India, Galaxy has agreed to purchase a 10% stake in Panthera's 100% owned subsidiary, Indo Gold Pty Ltd. ("IGL"), for US$1.25m and earn additional equity by providing ongoing support and services to advance the Bhukia JV project (70%) in Rajasthan, India ("Bhukia").

-- Galaxy was formed in 2016 with the objective of building a portfolio of gold mining investments and operations and a plan to be listed on the Bombay Stock Exchange ("BSE"). Its principals have a wealth of experience and a wide array of connections and capabilities in the gold mining industry in India.

-- Galaxy's principal investor is Hunch Ventures and Investments Pvt. Ltd ("Hunch"), which is a successful Indian venture capital group with strong government, corporate and institutional connections to the mining industry in India.

Geoff Stanley, Managing Director said "With the signing of this term sheet Panthera has taken a big step forward in achieving many of its key strategic and corporate objectives in India. The transaction brings Indian capital to support the development of Bhukia, it provides key corporate, bureaucratic, technical and administrative capabilities in India, and allows IGL an opportunity to participate in Galaxy's BSE listing process, which is planned to commence next year. Galaxy and Hunch's Indian legal and technical due diligence also provides strong validation of the strength of the Bhukia PL application and demonstrates a current valuation for Panthera's share of Bhukia that alone significantly exceeds the market capitalisation of Panthera".

Transaction Details

Panthera's partnership with Galaxy involves several facets, which include:

1. Investment by Galaxy into IGL.

2. Galaxy providing administrative, legal, permitting and technical support in India that will allow it to potentially earn up to an additional 12% equity in IGL subject to achieving certain success hurdles in the lead up to the commencement of mining at Bhukia.

3. Galaxy, at IGL's election, can earn additional equity through providing drilling and logistic services upon the re-commencement of exploration at Bhukia, which may be a cost effective financing solution.

4. IGL and Galaxy constructively working to negotiate IGL's participation in Galaxy's BSE listing process (possibly through a merger with or acquisition by Galaxy).

About Galaxy

Galaxy Gold is an Indian company with Australian management with over 15 years' experience in the gold exploration and mining industry in India. Galaxy has Indian partners that are ready to provide capital and resources in support of the exploration, permitting and development of the Bhukia JV project. Galaxy also has contractual rights to earn an interest in a gold development project in Tanzania, which will form part of its BSE listing strategy.

10% Investment and Valuation Implications

Galaxy has agreed to purchase two 5% stakes in IGL in two stages:

Stage 1 (5%) - US$250,000 immediately upon receipt of Indian government overseas direct investment approval, with a further US$250,000 due before 31 March 2019;

Stage 2 (5%) - US$750,000 prior to the re-commencement of exploration (now expected mid- to late-2019).

The Stage 1 investment implies a valuation for Panthera's remaining 95% interest in IGL of US$9.5m (GBP GBP7.5m; A$13.2m).

The Stage 2 investment implies a valuation for Panthera's remaining 90% interest in IGL of US$13.5m (GBP GBP10.7m; A$18.8m).

Panthera's market capitalisation currently stands at approximately GBP GBP0.88m, which incorporates its share of the Bhukia JV, its three highly prospective west African gold exploration projects and its approximately 15% stake in Anglo Saxony Mining (which is currently advancing a preliminary feasibility study of the Tellerhauser Sn-Zn-In deposit in Saxony, Germany).

BSE Listing Opportunity

Galaxy is planning to commence the process of listing on the BSE during 2019. The term sheet signed between Galaxy and IGL requires both parties to work toward agreeing a joint approach to this listing opportunity, which may result in a merger of the two companies if a suitable valuation framework can be agreed. The board of Panthera considers the potential for having one of its subsidiaries or listing some or all of its Indian assets on an Indian exchange as highly attractive. It will more strongly align Indian capital and investors with the success of the project and allow greater participation by Indian investors in the success of the Bhukia project.

Administrative, Permitting, Legal and Logistic support

Galaxy and Hunch will provide extensive in country support and assist IGL's effort to prepare for exploration to re-commence at Bhukia. This support will be multifaceted but will at a minimum include administrative and legal support, introductions and negotiations with key administration officials, and strategic, financial and permitting advice, among other things.

In recognition of this support and assistance successfully allowing exploration to recommence at Bhukia, and conditional upon Galaxy making the 10% investment in IGL, Galaxy will be compensated with shares constituting a further 7.14% interest in IGL at the time the Panthera board decides to recommence exploration. Throughout the period of exploration and bankable feasibility study activities at Bhukia, Galaxy and Hunch will continue to provide this form of assistance.

As compensation for successfully helping to move the project to a board decision to commence construction of a mine, Galaxy will be compensated with shares equating to a further 5% interest in IGL. While these activities may result in a total 12% interest in IGL being awarded to Galaxy, it is expected that a prior listing event (as outlined in the previous paragraph) will result in a merger or similar agreement which may remove the necessity for the issuance of this additional 12%.

In addition to the administrative and permitting functions described above Galaxy may, at IGL's election, earn additional shares for work-in-kind to advance exploration efforts at Bhukia. This may include activities such as drilling services, sampling, and technical input into the project BFS process. This provides Panthera with an additional option for equity financing Bhukia's feasibility study if market conditions dictate that this is the most cost effective mechanism.

[goodbloke1] 20/2/2019 13:19

Thanks for reply money.Galaxy is part of PAT?

[moneymunch] 20/2/2019 12:57

As of the 29th January 2019 the BoD had no plans to raise cash at the moment. Bhukia is somewhat self funded by Galaxy's participation as they will earn extra equity from technical and drilling support during exploration by which time Panthera would have received the full $1.25m cash injection from Galaxy and £1.5m cash from their strategic investor, Republic Investment....they may decide to raise additional funds for Mali and Burkina Faso, although any fund raise at that time could be many multiples of current share price with the permit license in place for Bhukia. Gl.:-)

"with current cash holdings exceeding A$350k and a cash infusion from the recently announced Galaxy transaction of approximately A$700k (US$500) scheduled for 1Q 2019, the Board has no current plans to raise additional capital."

[goodbloke1] 20/2/2019 12:26

Moneymunch.With the money expected in March together with the recent cash , do they need to place at all? I suspect not

[moneymunch] 20/2/2019 12:24

Every chance...the bounce back in share price speaks volumes, very little free float with the majority of shares held very tightly in anticipation of transformational news...Gl :-)

[moneymunch] 20/2/2019 11:16

NT to buy despite the drop...Gla :-)