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At last.... Right @Geng.... let's see how your chart predictions do...
One thing i read. In india the bid is in terms of a royalty. The % of the value of gold, say 15pct.
It does not look like they GOI will get huge cash upfront. But it still is interesting
Things have started to move. News about the auction will attract attention and numbers are going to be compared with our current market cap. Then we just need some official communication from the Company to kick start a re-rating.
We can easily double in a few days
Hopefully breakout tomorrow …..
Highlights
· Issue of Funding Confirmation Notice for INCREASED unconditional funding Facility of US$13.6 million.
· All monies advanced through the AFA are non‐recourse and ONLY RECOVERABLE in the event of a successful recovery.
· Appointment of several INDUSTRY LEADING ADVISORS AND EXPERTS in support of IGPL's claims against India.
One day, the market will REVERBERATE and many will cry their eyes out for missing a great opportunity
DYOR and GLA
Haha. Sounds like the only fools and horses episode when Rodney is voted to lead the housing association!
Agreed Ejt ...but Pk better stay focused now he is newly promoted to Head Of Intel Gathering.!
Having waited patiently since 2021, I welcome a little excitement on Panthera!
Don't disagree with any of that @wannabe.
DMOR and happy with it too! Totally chilled (but a little excitement wouldn't go amiss).
Pk, To be honest this is not about 7 resistance. It can move between 4 and 7 for as long as it likes. In the end, It is going to be fly or no fly situation for the share price when the expected NEWS lands. More like 70 resistance for starters. With Faskens contracted to spend up to $13m? What's my £10k investment?
People should just chill out. This will fly
DYOR and GLA
Yeah we need to punch through that 7 resistance. We've been trying for ages to break through...
How does the sell side look?
Hmm, 7p gone with 40k of buys, now max buy 35k shares at 7.5p despite all 5 MM's being at 7.5p... something stirring?
Level 2 looks the best I've seen it here - 3 MMs on the bid, just 1 left on the 7p offer. Should move up soon.
Copy that Shear, I looked earlier & could only buy a fivers worth!
NT any amount of share at present (even 500), could get interesting if we can break out given the auction is now ongoing...
Whatever whatever ⏳️
If they were going to settle i think this would have been done weeks ago not at the last min.
Personally i hope it goes all the way. We an close out prior to the judgement for a great profit and let some ride for super returns
Given the prior conduct of the GoR over multiple years, I believe (it's only an opinion though) that they view Panthera as an annoyance to be ignored. I really think that they will only pay attention when they are summoned to court.
That being said, an imminent, amicable settlement wouldn't be a bad option to allow the Indian/mining side to de-risk and for all parties to move on.
Hi All But will the bidders be put off by the fact that there is an impending fully funded ICSID case against the GOI re Bhukia. If so, would it not tempt to the GOI to go for a 'small' prior settlement ?
Mining company concluded??? 🤷♂️
Https://economictimes.indiatimes.com/news/elections/lok-sabha/india/whats-model-code-of-conduct-how-it-came-into-being-and-whats-allowed-and-whats-not/articleshow/108545901.cms?from=mdr
I wonder if it’s just the agreed timeline of events to avoid (ahem) any corruption?
What's Model Code of Conduct?
The MCC serves as a set of conventions unanimously agreed upon by all stakeholders involved in the electoral process. Its primary objective is to ensure that campaigns, polling, and counting proceed in an orderly, transparent, and peaceful manner. Additionally, it serves as a mechanism to curb any misuse of state machinery and financial resources by the ruling party. Notably, the MCC does not possess any statutory backing but has been upheld by the Supre ..
Point 13… what do we think MCC is? Model code of conduct??
If obvious please ‘scuse my ignorance…
Nice find PK - thanks
What is MCC mentioned in stage 13?
Thank you.