Panthera Resources Share Discussion Threads

[the canadian mounted] 08/3/2019 09:01

That’s odd because I just purchased some!
Stop trying to ramp this up, it will go up accordingly.

[qs99] 08/3/2019 08:45

Just tried buying a few £k, nout, tried buying £300, nout...squeeze could be on and DYOR and GLA!

[moneymunch] 08/3/2019 08:08

Only 67.6m shares with 36.3% not in public hands, and so only 43m shares in the market with the majority tightly held for near term transformational upside on permit approval for their Indian world class gold prospect ( High Court hearing only 5 weeks away...More news expected from Panthera's West African , Mali and Burkino Faso gold prospects in the coming weeks, as well as the imminent second $250k cash payment from Galaxy....and another $750k from Galaxy and £1.5m cash from Panthera's strategic investor, Republic Investors, by the time all approvals are in place for Bhukia, and then potential considerable added value from Galaxy's planned listing on the Bombay Stock Exchange, that will incorporate Panthera's Indian subsidiary, Indo Gold and open up Bhukia to the Indian market and investors......Gla Holders....Panthera's current £6m market cap, just on Bhukia's 6m plus oz resource target offers breathtaking upside if all goes to plan...On and UP!!! ;-)

[moneymunch] 08/3/2019 07:03

Panthera Resources Plc

("Panthera" or "the Company")

Anglo Saxony Mining - Shareholder Update

Panthera Resources plc (AIM: PAT), the gold exploration and development company with assets in India and West Africa, also holds a 17.2% interest in Anglo Saxony Mining ("ASM").

ASM is a privately held European exploration and development company with its flagship project being Tellerhäuser, an undeveloped tin deposit in Germany. Panthera has recently received a shareholder update from ASM outlining the successful metallurgical pilot plant test-work, receipt of an additional £1.0 million from Baker Steel and acquisition of a second globally significant tin resource, the text of which is set out below:

Funding

Anglo Saxony Mining Ltd (ASM) is pleased to announce that it has received from Baker Steel Resources Trust (BSRT) the third tranche of the convertible note loan, comprising an additional £1,000,000.  These funds will now but used to complete the on-going pre-feasibility study for Tellerhauser.

This investment was dependent upon positive results of the Pilot Plant test work and the commercial test work being conducted by ALS in Tasmania.  These results have been even better than the ASM technical team anticipated and prove that the mineralisation can be successfully processed into a saleable tin concentrate.  This is in contrast to the previous test work conducted during the 1970s and 1980s by a joint Soviet/GDR joint venture which suggested that only a low grade, unsaleable concentrate could be produced, and confirms the revised geological and mineral processing interpretations of the ASM technical team.

ASM is very pleased with the results of the test work to date and will continue to refine this work to maximise the economic benefits and design an effective processing facility.

Additional technical details will be reported in the next newsletter once all results have been received and assessed.

Gottesberg:

An agreement to purchase the Gottesberg tin deposit, approximately 28km west of our flagship Tellerhäuser tin deposit, has been reached with Tin International AG, and the transfer of the licence has been approved by the Mines Authority in Saxony.  Consideration is a mix of cash and ASM shares.

The proximity of this deposit to our Flagship Tellerhäuser deposit, combined with its large resource base, higher grade zones, and excellent mineral processing characteristics mean significant synergies exist for combining these two deposits into a single integrated tin operation in Saxony.

This is an excellent development and gives ASM several operating and development options, as well as doubling its existing tin resource base.

[moneymunch] 08/3/2019 06:30

Galaxy's second $250k payment scheduled before end of month, and only 5 weeks to the all important High Court hearing......considerable upside on the rightful award of the World Class Bhukia gold prospect and its 6m plus oz resource target. Gla Holders...Exciting times ;-)


Rajasthan High Court Principal Seat Jodhpur
Case DetailsCase Type : CW
Filing Number: 36276/2018Filing Date: 01-09-2018
Registration Number: 13521/2018Registration Date: 05-09-2018
CNR Number: RJHC01-060720-2018

Case Status
First Hearing Date
:

Next Hearing Date
: 15th April 2019

Stage of Case
: ORDERS / APPLICATION

Coram
: 1635
Bench
: Single Bench
State
: RAJASTHAN
District
: Banswara
Judicial
: M/B WRIT SECTION
Causelist Name
: Daily

Petitioner and Advocate1) METAL MINING INDIA PVT. LTD.

Advocate- VIKAS BALIA DINESH PAL SINGH CHARAN,ASHOK CHOUDHARY,PRAMOD VYAS


Respondent and Advocate1) STATE OF RAJASTHAN

2) DIRECTOR

3) UNION OF INDIA

[moneymunch] 06/3/2019 19:32

Lol...it's coming, the most perfect storm's brewing. Gl :-)

[habz1986] 06/3/2019 19:17

Dude im still sticking by you...need double figures...PAT going slow no new news anywhere!!!

[moneymunch] 06/3/2019 19:00

Lol....Perfectly poised for the next significant rise......good news from India at anytime. Gla Holders ;-)

19/2/19

the initial US$250,000 of funding from Galactic Gold Mines Private Limited ("Galaxy") has been received.

Following extensive technical and legal due diligence by its team in India, Galaxy 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 in Rajasthan, India. Further details are in the announcement dated 20 December 2018.

Galaxy agreed to purchase the 10% interest in IGL in two 5% stages. In the first stage a 5% stake is to be purchased for US$500,000 consisting of two payments. The payment just received was the first of two US$250,000 payments, with the next amount due before 31 March 2019.

The second 5% stake is due to be purchased for US$750,000 prior to the re-commencement of exploration (now expected mid- to late-2019).

[depjoe] 06/3/2019 16:01

every pump and dump thread of yours I look at is down

[depjoe] 06/3/2019 16:00

dave4545 you must be having a real bad week

[moneymunch] 06/3/2019 12:09

New mining policy announced by Indian Government 28th February 2019 and High Court response to Panthera's rightful claim 28th September 2018....Panthera's case has never looked stronger and I'm sure Galaxy and Hutch Capital's extensive technical and legal due diligence is on the money, hence their $1.25m investment decision.....Gla holders....Galaxy's second $250k payment expected before end of this month and potential transformational news on permit license approval at anytime...On and Up!!! :-)

28/2/19

"The policy has introduced “Right of First Refusal for holders of reconnaissance permit and prospecting license (RP/PL holders)"

28/9/18

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.



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] 06/3/2019 06:54

With such a massive failure to monetise the country’s mineral assets and mineral imports comprising around 55% of imports, is it any wonder that the current account deficit mostly looks like it is about to swing out of control? Ideally, these changes should have been made early in the NDA’s tenure, and the country would have both saved forex as well as generated millions of jobs over the last five years. But, better late than never, since the next government will reap the benefits of the reforms over the past few weeks; and prime minister Modi is hoping it will be one led by him.

[moneymunch] 06/3/2019 06:46

Govt fixes mining policy, at long last

By: Sunil Jain March 6, 2019 7:06 AM

Since even non-oil minerals comprise 25% of our imports, large-scale mining is critical and will also create a lot of jobs.

Given the mining sector’s potential to both create millions of jobs and save billions of dollars of forex, it was always a surprise that the government was so slow to fix issues that have prevented it from growing fast, but the good news is that it has finally started making some attempt to fix things.

As the Niti Aayog strategy paper on this pointed out, India’s “prospective geology is broadly similar to that of Western Australia, especially in relation to iron ore, bauxite, coal, diamonds and heavy mineral sand”, but of the area identified as rich in minerals, only 10% has been explored—the corresponding figure for Australia is 95%—and an even smaller 1.5% is presently being mined. According to Niti Aayog, even doubling the area explored to 20% of “obvious geological potential” can create an additional 5 million jobs by 2022-23, from the current 10 million. Indeed, Niti Aayog points out that India’s imports of minerals are roughly seven times as high as the domestic output; such is the poor level of exploration and production.

While the finer details of the policy are yet to be made available, the Cabinet note makes some important departures from the current policy. Right now, if a firm that has a reconnaissance permit (RP) finds evidence of minerals, it has to inform the government which then auctions off the area; the new policy says such firms will get the right of first refusal. This is an important confidence-booster since no firm would like to find deposits of a mineral and then see the area being given to a competitor.

Apart from getting the policy right, what is equally critical is to fix the current levels of implementation such as the delays in getting permission. So, Niti Aayog has recommended that all statutory approvals should mandatorily be granted within a period of 180 days.

[moneymunch] 05/3/2019 10:31

Double figures this week by the looks of it, and a sudden and significant re-rate at anytime....all the ducks are lining up nicely for Panthera and those invested.....an instant multi-bag on permit license approval....Gla holders...Momentum building, excitement building....On and Up!!!:-)

[moneymunch] 04/3/2019 11:12

Galaxy's second $250k payment scheduled this month, and news of their BSE listing at anytime...the great news on India's new mining policy and Right of First Refusal must be highly significant in advancing the rightful award of the permit license to Panthera for the World Class Bhukia gold prospect with its 6m Oz resource target, and so transformational news on confirmation of approval could be close....Panthera will receive an additional $750k payment from Galaxy and a £1.5m cash payment from Panthera's strategic investor, Republic Investment, with all approvals in place prior to recommencement of exploration work at Bhukia, which is expected to be underway in the coming months....only 67.6m shares in issue and 36.3% not in public hands and a tiny market cap of £5m plus , offers the opportunity for considerable upside on the green light for Bhukia....and significant upside from Galaxy's BSE listing which will include Panthera's Indian subsidiary, Indo Gold Ltd, as well.as the potential of Panthera's West African prospects in Mali and Burkina Faso, the gold hot spots on the planet...it's going to be BIG!!! Gla holders...On and Up!!!:-)

[moneymunch] 02/3/2019 18:49

Roll on Monday.....Major news from the Government of India on their new mining policy...A done deal??? An instant multi-bag on permit license approval... Gla Holders...Excitement building ;-)

"The policy has introduced “Right of First Refusal for holders of reconnaissance permit and prospecting license (RP/PL holders)"