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The same amount of urgency to raise funds at a pathetic low level then start drilling with winter approaching.
Urgency isn’t the first word that springs to mind when I think of Panthers CEO
Obviously there seems no urgency to correct yesterday's Rns.
A poster on Advfn has reported that the Rns is wrong and indeed is right with the total shares stated incorrectly.
More worrying detail issues. Come on Darren it can't be that hard can it :-/
Yes JP2000 he ****ed up and spun it as a win after puffing his chest out about audacious drilling plans and being the only junior to try such a plan in order to diminish criticism over the raising.
The hope is we have drilled enough to have an actual win but those drilled holes pose more questions than they answer, especially the depths drilled at Awkward.
Fingers crossed and good luck all, let us hope we don't need it.
ok, the prospectus does talk about 3000m in 2022:
• Wishbone Prospect - 6 drillholes (up to 1,200m total) planned. Targeting base metals. Drilling
will follow-up on the successful discovery of volcanogenic massive sulphide (“VMS”)
mineralisation by the two hole diamond drilling campaign in the autumn of 2021 The 2021 drill
hole intercepts included 27.3m of massive sulphide in hole 1 and 51m of sulphide-dominated
mineralisation in hole 2;
• Awkward Prospect – 3 drillholes (up to 600m total) planned. Targeting platinum group element
(“PGE”) and nickel mineralisation. Awkward is a highly anomalous coincident magnetic and
electromagnetic (“EM”) geophysics target interpreted to be a layered mafic intrusion and
magmatic conduit based on EM plate-modelling commissioned by Panther. Historic sampling
has confirmed the presence of anomalous platinum and palladium values, while historic drilling
on the periphery of the target has confirmed massive sulphide mineralisation hosted in co****
gabbro and “marble cake’ gabbro matching the description of the varitexture gabbro ore zone
at the Impala Lac des Iles PGE mine;"
My take is:
They left it too late to start drilling.
Wishbone, the most advanced target area 1000m vs 1200m went to plan.
Awkward, the wildcard tested 3 areas, they found good mineralisation in the second hole, very early stages planning deeper drills next year.
Bad RNS
Bad fund raising
Bad drilling plan
Bad drilling execution
Bad CEO
WARNING - Panther Metals is bad for your financial health
Because JP2000 the original drilling plan, for which we were rolled over so much on the raising, was for up to 3000m. To achieve just 50% of that IS pathetic.
How is 1500 out of 1900m target pathetic?
I agree the RNS is largely pointless and should have released 2 weeks ago .
I don’t understand why Darren isn’t talking about Wishbone with maps, diagrams, drill locations, or reporting general findings from the drills.
Waste of the cost of the RNS!
Well there we have it, just half the total of metres completed with 1 hole at Wishbone short and two prospects not drilled at all.
Pathetic!!
Any news?
Crap year so far for Panther metals.
Nice find. Chairman has gone to Canada to check the cores so logically you'd think they'll update the market quite soon.
Paola Rojas (a very interesting individual, CEO of Synergy Resource Capital & someone whom Darren follows) tweeted earlier this week asking: “Tell me you’re bullish on nickel without telling me you are”.
In response, and rather intriguingly, Darren simply tweeted a photo of the boxed drill cores from our latest campaign, with no caption and no words. I’ll leave you to draw your own inference, but I know what mine is!
https://twitter.com/paola_rojas/status/1591581700789702656?s=12
Ying and Yang Levi :) fair point...
'quite like the facial expression'
Yep I remember the expression last year when he was grinning all over his chops in the live proactive. Just remind me what came next :-/
quite like the facial expression...very pleased with that core.....
Geo flying over....
For what its worth I think its all fine and dandy.....
In fact could well be mega news coming....
ATB
https://twitter.com/StockBoxMedia/status/1591778052618715136?s=20&t=08-wAz5-c8JYbhJcDPBfNA
Sorry I don't buy that Metalhead.
For such an important drilling plan a geologist needs to check and log them if only to give them clues where to drill next if they are decent.
What surprises me is that the geologist was not there to oversee the removal and correct storage of cores.
Do we even know we got beyond Awkward. No we don't and we are not worthy of that information.
Fingers crossed anyway.
People would do well to remember that of the three targets drilled:
- Panther has already hit substantial massive sulphides at one (Wishbone)
- We’ve seen core photos showing sulphides at another (Awkward)
- The third was drilled before Panther’s time and produced sulphides which were not assayed.
This is not your average shot in the dark. If we have geologists flying half way round the world to look at the core, it’s likely to be because it’s worth looking at
Maybe the Chairman doesn't like firing people via WhatsApp.
Give it a rest. The Chairman has flown out to Canada so something is definitely up, lets see what happens this week.
All bluster and little delivery
The question remains
How can any new potential investor have confidence in Panthers CEO?
All credibility has been damaged and the constant failings and spin damage it further.
I prefer promise little deliver more too bitcoinbuyer but with the drilling plan we got the exact opposite.
To be fair though with the raising he had been saying he would do little bits when needed but then delivered more in one go so cudos lol. Right I will take my tongue out of my cheek now :-/
Point taken , lets wait for confirmation.. Hopefully good assays will go some to regain credibility...
I do prefer... promise little and deliver more approach.... and a time line set out for what to expect....
Rupert Verco At Cobra resources is a good example....