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No way they would hand it back after all this.
So that is why i think we might put damages in soon
Notable that it's being sold as a mining license, tells you everything you need to know about their plans going forward.
£18k registration fee to access the docs - presumably they will have to disclose the size of the resource...
I am trying to ask lcm if the bid would have any impact on claim. But moat likely it has to be no comment
Maybe or maybe not Etj...they might keep the winning bid private?
Auction is 8 weeks today - that'll come around quick enough. Am expecting an update from PAT before then, but equally I wouldn't be surprised if the NoA is held back until after the auction, as there will be a definitive value on the prospect by that point.
Unrelated but there is a lot of buzz around Enviva currently. The market is pricing in bankruptcy for next week, 20% short interest.
A lot of their shares are held internally or by institutions. If they don't go bankrupt on Monday, those shorts need to cover, and there aren't many shares to do so.
If they go manage to not go bankrupt, there should be a short squeeze next week.
The best case is arbitration in my opinion. Who wants to work with a government that's spent nearly 20 years cutting you off and betraying you? There's no trust left. If Mark Bolton of all people couldn't get a successful negotiation, there's no point.
If by some miracle they granted the license, they'd find another way to cut us out. PAT need to get the money via arbitration, and say goodbye to Bhukia.
This is a wait and see job.
Yup gov might be seeing bids, with view that they have dialogue to settle it for say 50pct of what we get.
Too hard for me to spend energy on it. Worst case is arbitration
Not sure we can read much into it. You need to look at auction papers.
Journalists will not be digging that deeply into it i think
What I find interesting, the times of Indian in there first article a few months ago gave us a bit of a kicking in, and talked about the litigation .
The articles since don't mention us at all.
I have my own theory on this , but it's only speculation.
Faskens are/naybe doing a great job behind the scenes negotiating.
Yes, Nice spot @deck
https://mines.rajasthan.gov.in/dmgcms/Static/files/NIT%20of%202%20gold%20blocks%20dt-06-03-24.pdf
Great spot Deckchair, very much on the ball :)
Many thanks for this.
We can look forward now to them releasing the damages claim. :)
Do you have the link?
Morning everyone.....I understand tender documents are available on the e-portal until 12th April.
Auction to be held on the 2nd of May.
I currently have no confirmation in quide price.
Well done. I am only here recently just about a week
Hope everyone finds the right strategy for all and we keep sharing. I will feedback on anything i learn on the lcm call.
If they do not answer on the day they normally answer it later ( couple of weeks). And post on the website
The price of gold is flying at the moment.
£2,137 an ounce.
I have been here just under 12 months.
My average is around todays buy price.Happy with that as we know not much of that is given to Bhukia.
I have accumulated for the way up or early settlement.
So I have a decent amount I can sell in small amounts over a 3 plus year period ..hopefully (or ideally)if the sp hits 30p plus.Then be left with a decent amount for hopefully a special divy up.
Or if we get an early or partway through arbitration settlement a possibly special albeit lower dividend.
So either way I think the reward for me would be give or take the same.
Plus let's not forget with a special dividend we still keep our holding!
Btw lit.l the funder is very interesting
Market cap of 110. Have invested 65m ofnown cash in cases.
They ask for multiple on capital and get performance fees. By time 400pct profit for 2 yrs. 600pct profit for 3 yrs etc.
Won 90pct of past cases.
They had a i think around 75m gbp of cases at mature stage so with luck market cap might be equal to cash invested in cases in
Same as you @EJT.
I've 6 days from being in here 4 years... and aim to de-risk at the first sniff of a re-rate and then let the rest run for however long it takes..... well..... thats the thought process at the moment.
At these prices I'm slowly accumulating... Bitcoin profits might have to be bunged in here....
GLA whatever your strategy
PK.
We all know roughly why we buy and agree :)
We just have different viewpoints on it.
If multibags we should have a pint over zoom !!
In the Indian press there is plenty of chatter about the large discovery of Nickel , Cobalt etc in Bhukia.
I wonder if this will have an effect on the auction value or could there be a clause to the winning bidder...ie tax per tonne or similar.
Must be getting close to some form of news as the squabbles have started! ;-)
For the avoidance of doubt... I said in my previous post that the arbitration panel would convene, rather than conclude. Maybe 'convene' is an incorrect choice of word, but I'm under no illusion about timelines on this - it'll enter the arbitration sausage machine at that point.
This is my 3rd year invested in Panthera. Everyone has their own investment strategy, but hopefully we'll get an uplift on notice of arbitration and the claim amount, at which point I'm going to de-risk.
All the best, Ed
Don’t think that’s a far stretched strategy @sheer.
My post the other day alluded to them (probably quite illegally, and DEFO to grease govt palms) preferring to sell to a local Indian company rather than see it go overseas.
Your strategy here covers most if not all the bases….
Ps. Posting this link again in case it was missed last night
https://www.businessnews.com.au/article/The-Use-of-Disputes-Finance-in-International-Mining-Disputes