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I agree bitcoinbuyer, I just think the problem arises from the exuberance in the interviews, especially the last few, which I think has led people to believe or hope that we had hit much more than we got today.
It’s great progress , wHat an earth are you all expecting g from the first 2 holes ???
Vms come in clusters … bring on the awkward drill
Dotted lake assays soon ,
Successful asx ipo …
Ffs the sp should be higher without Ononga
Darren has moved Panther into a different division
Long term investors like me think it’s great news
Atb
Hi ,
RNS is neither good nor bad; it sort of a non event.
They have found potential commercial earth to mine but it’s not substantially mineral rich.
It’s not bad either, it’s just nothing unexpected.
I don’t understand why the share price would fall so dramatically as the RNS could be read both ways as a positive or negative and as such both sides should cancel each other out.
Dotted Lake results can’t be too far away; based on the other developments at dotted lake it could be a game changer for Panther.
Darren was making out they had found something special. Those results are a total non event.
https://twitter.com/spudtheplumber/status/1483361032273809409?t=ExBGj0RyZWAGWnRub-1RGQ&s=19
That's how I read it Metalhead25.
The annoying thing for me is that the weakness of the last couple of sessions suggests to me that some knew about this.
You can’t tell from surface whether a VMS deposit is mostly iron but 5% zinc or mostly iron but 1% or lower zinc, obviously. What the company has proven today is that (a) we have a sizeable VMS deposit and are likely to have more, and (b) they have (so far) a success rate of 100% in finding them from surface. The likelihood of this company making a commercial discovery in the medium term has gone up dramatically
These were not fact finding geological holes, they would have been high conductance targets i.e. the best prospects. The question is what were the conductance readings prior to the drill?
What does good look like for zinc? massive sulphides >5%
A fairly common phenomenon in AIM explorers. Always some people geared up to sell on results “either way”
But an awful lot of selling going on, regardless of the seemingly good news.
Good news - but an awful lot of selling going on this morning.
These are the first two holes, returning intersections of tens of metres of massive sulphide is a great outcome. Yes, there is more hunting around to do to find some greater concentrations of zinc/copper etc, but as the RNS explains there is every reason to be confident in that
Look at the grades, rubbish results, SP now falling
Darren Hazelwood, Chief Executive Officer, commented:
"The discovery of a VMS system at Obonga is a remarkable achievement for the team, and given that it took just two drill holes, it shows the level of work that was put into the exploration targeting process.
The implications of the Wishbone VMS discovery to the wider Obonga Project area are considerable. Before this programme no other VMS was known on this belt. Obonga has now been confirmed as a favourable geological environment for the development of VMS systems and many more potential VMS targets exist on Panther's landholding.
The very nature of this type of deposit means they tend to cluster, once you have one, the chances increase dramatically of finding others.
Elevated base metal content, especially within close proximity of our drilling location, adds further confidence to our future plans
Great progress.....no doubt...... much much more to come from Obonga.....
Awkward.....
Dotted lake assays soon...
Hitting VMS on first two holes, size of intersections
Tell me what was amazing?
Amazing intersections of massive sulphide mineralisation. And as the RNS states, the most exciting thing is that the discovery of this massive sulphide deposit implies a strong likelihood of further such deposits across what is a very large project area
A little weak again today, although volume is low.
That's the trouble with illiquid shares, if someone needs to sell the sp takes a hit.
Buying opportunity imo.
Yes bit of a strange day. Not seen the sp shed this much in a while. Hopefully it's nothing to worry about and we get a good update soon.
Harsh drop for a Cushty set up.....
This will be flying high when the assays drop....
Long here for me..... far tooo cheap.....
The ozzy Nickel ipo is storming away.....out the blocks like bolt.
ATB
It is disappointing to see the SP at a level last seen in March 2021 when we should be on the cusp of great news from both Canada and Australia. I hope it is simply due to some holders losing patience (I do believe Darren said he was expecting the assay results pre-Xmas) and/or placement /warrant holders profit-taking. Fingers crossed for some upward momentum in the SP soon!