Panthera Resources Share Discussion Threads

[punting] 05/1/2025 22:49

Arlington...do your own research...I don't tell lies...it's out there

[arlington chetwynd talbott] 05/1/2025 22:26

“I have had the displeasure of involvement with 3 previous arbritation cases (99% certain in India) and all [were] settled early.”

That sounds a bit unlikely. Can you produce chapter and verse? Early settlement of investor-state disputes is far from the norm. Just look at some statistics (see e.g. p.4 of And you must know that other statistics suggest you are being a bit optimistic on timescales.

[gallamar] 05/1/2025 20:59

Arlington.

I think 2m for SOC. Maybe 12m for court case and then another 12m for verdict.

TBH the long deadlines are irrelevant for me. Most stocks react to SOC, and never look back. Nearly all of them react by the court hearing.

There are 10 a penny stocks on aim diluting all the time, and nearly of these will never have a sniff of getting an award ( profit) of 20x the market cap.

A 1yr wait and abit of dilution with a shot at a huge payoff that has to be decided I am fine. I hold in size.

And I agree if the claim is huge it makes sense to settle, but even if not 1yr is hardly a long wait

[hulltiger] 05/1/2025 16:41

Good afternoonI fully agree with your early settlement theory and may I add another reason. India has the fastest growing economy of any major country in the world. As a country attracting investment from all over the world,do they really want this sort of stigma hanging over them? No best to settle and get it out of the way.HT

[arlington chetwynd talbott] 05/1/2025 16:20

“There is a good probability of an early settlement in IMHO”

Have a look at previous cases against India.

[punting] 05/1/2025 08:32

I am with you on that Pol..if the details in soc are so compelling the wigs might advise GOI to settle up early .

[pol123] 04/1/2025 22:40

May not even get to a verdict. There is a good probability of an early settlement in IMHO

[arlington chetwynd talbott] 04/1/2025 12:17

Don’t leave it without answering the question that I asked you - how long do you think you will have to wait for a verdict?

[gallamar] 04/1/2025 08:21

OK Arlington going to leave it after this.

Clearly you just want to look at the downside which is not objective/investing.

If we have completed the hearing with a claim for 1bn usd your assumption seems to the share price has not risen.

Sadly if you look at past claims. Montero, indiana, greenx, gabriel you will find your assumption is wrong.

[arlington chetwynd talbott] 03/1/2025 23:19

"we issue 10pct shares to get 4m usd in the bank which carries us nearly to the verdict"That sounds unreasonably optimistic to me. How long do you think you will have to wait for a verdict?

[gallamar] 03/1/2025 22:53

Sharing more

This company had a dfs study for 6m oz at 1.5g. They did wider exploration and had 12m oz at 1.3. Company was just taken out for big money!.


Their dfs was for 6m oz at 1.5g. Using gold at 1800 usd an oz. Npv was 2bn usd. Using current prices it doubled. For every 10pct or 0.15g per ton, the original npv went up 20pct.

I am not a geologist, but the company says bhukia is outstanding. I believe this is what an outstanding project may look like!. I do not for one min think our deposit is worth 100usd an oz.

hxxps://degreymining.com.au/wp-content/uploads/2023/09/20230928-DEG-ASX-DFS-Announcement-Executive-Summary-Combined-lodgement.pdf

[gallamar] 03/1/2025 22:47

One other thing. Put very low weight that panthera are going to keep exploring. The ceo clearly said they only spent money last time as they want to spin out the asset. You need to do some activity or you loose the license. If we did not spend a tiny bit of cash we would have nothing to try and sell. All of this is documented in vsa videos.

If the market cap shot up massively to say 60 to 80m usd and he then he wanted a couple of million to drill would I care? Not really, it might advance a project we can develop later.

But let's be clear no way he is focusing on exploration

[gallamar] 03/1/2025 22:35

Look at zones 1, 2 and 3. At one point the zones are really wide and next to each other and energy form a circle.

Arguing this project should have been developed I think will be easy.

Hardly difficult to build a starter operation, where the pit is a circle, gold is at surface and is high grade.

The returns would have been healthly I think, and if we had started a mine years ago we would now be cranking out gold at maybe 1000usd an oz vs 2600oz.

I think if it is an illegal action by India we are supposed to be put in a situation as if we were never blocked. So we look at a situation of having built and mine and it being a going concern today.

I might be wrong, but if I am right every day the gold price is high is another day of extra high profits we have been deprived of.

If gold stays at 2600+ in 2025 as most banks including goldmans think. Then gold would have been over 2600usd an oz for 18months. That could be 700k of assumed production at say 2600 vs 1000 cost!

[gallamar] 03/1/2025 22:26

Don't fall for all the negativity

At 17.20 you can see the gold mineralisation. Strikes are long and multiple zones laying next to this.

Mines work at 0.8g a ton and ours is 1.97g with additional by products.

The gold is concentrated in one area, we have a high grade resource, gsi guy says close to surface ( 30 to 40m). Close to infrastructure, no in site population to move, no flagged environmental issues. The gov has also green flagged this via auction as being something to support.

Compare that to some 100 usd an oz, lower grade project in the middle of nowhere.

The size of the deposit, grade and location is the reason this is tier 1

[gallamar] 03/1/2025 22:22

Here is link. This is ex deputy of gsi.

Ignore most of the geology chat. In here is a table of resource by block. 50pct of gold is in one block delware west. So our gold is not scattered it is in one place making it easier to mine.

Around 22 mins he notes the only reason that block has so much is because they did level 2 and 3 drilling ( deeper) and that is the only reason it has bigger number.

In q and a someone asks potential. He summarises. Gsi used a Conservative model, then says plenty other bits to drill. And even if that does not work just drill deeper, he says I told you the deeper it goes the wider it is and higher the grade.

In a Zak mir interview Mark Bolton ceo said ot was 10m to 20m oz. They know 10m is reasonable, but had no chance for more


hxxps://youtu.be/1aywACgdQns?si=jmCy4hKk6gBYp4ez

[gallamar] 03/1/2025 22:14

Arlington.

What is the funding worry. We could be in court in 1 yr. If we announce a 1.5bn usd claim we will probably have a market cap of 40m usd after the rise. Who gives 2 hoots if we issue 10pct shares to get 4m usd in the bank which carries us nearly to the verdict.

We need to balance a little dilution vs the fact we are closing in on a court case that might win 300m usd+

[arlington chetwynd talbott] 03/1/2025 14:20

Why did they not excise the word “ongoing”; here then (20/12/24)?:


“Total loss for the reporting period of $1,127,096 loss or $0.01 per share (2023: $1,010,983 loss or $0.01 per share) reflecting our ongoing commitment to our exploration activities during the period”

These costs are not capped until these “other assets” have been spun off. This may be planned but it does not appear imminent and will it even deliver a net gain to PAT after the costs involved in spinning these “other assets” off?

[74tom] 03/1/2025 14:05

Arlington, there isn't any ongoing commitment to exploration, the CEO has stated likely nearly a dozen times that they want to spin off the exploration assets so that dilution of the Bhukia case is minimized.

@Gallamar, any chance you could post that GSI video? Sounds like it's worth a watch.

[punting] 03/1/2025 13:10

I think in WA there is something going on to raise cash..rns dated 12th November...

[arlington chetwynd talbott] 03/1/2025 12:23

"we do not need to think about multiyear funding of corporate expenses at the current level"Yes we do - Panthera are doing other things - there is an ongoing commitment to exploration - they are not just waiting to see how the arbitration plays out.

[punting] 03/1/2025 11:05

Bhukia was mentioned as in the 10 ten undeveloped resources in the world.I expect we have a fist full of expert independent witness statements to back this up.I doubt anyone will be able to ignore this & the $1 billion ++ claim.Yes huge excitement around soc. I will continue to think 1/3 payout with anything else a bonus.

[gallamar] 03/1/2025 10:05

Dilution is always an issue with these shares. One thing I would say is that the market is expecting a 1bn usd claim. Ceo said it was as at least as big as greenx ( 1b usd), but I honestly believe it is bigger.

If we reference the current gold price in claim ( 2500+), AISC will not be higher than degrey. Maybe 1000 usd. There is a huge profitable mine here.

If our claim hits 2bn, the share will rise and we will issue shares at a higher price.

For all we know we might be 1yr from a trial, we do not need to think about multiyear funding of corporate expenses at the current level

[gallamar] 03/1/2025 09:46

Arlington.

I have been in these before. All my assumptions are fine. I regularly contact the CEO.

The share to lcm is disclosed.
The statistics quoted are official from icsid, you can look them up.

I think at the current price it is hair splitting. You can make different assumptions on claim/recovery/ win pr. But ultimately you are not ending up with 20m our current market cap.

It should also be noted the commitee may not like 1bn. But even 100usd an oz is ultra Conservative if you use 4m oz.

8m oz equivalent is already found. I have a video with gsi director saying it is Conservative, they only level 3 drilled one block.

If gold stays high. Using 100usd an oz will be nuts. That is from a period when gold had not broken 2000 and was based on average deposits.

If you look at the drill results nothing is average about bhukia.

[arlington chetwynd talbott] 03/1/2025 00:45

I have been in a few and they can be a real slog, with it often being better to travel than to arrive. I am only in this one for the initial excitement around the statement of claim.