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If you look at the chart over the last 3 years you will see that for the first two years PALM really was a traders dream....I made a good bit and PALM made me smile. But the last year has been the opposite for sure. It's been a hold for me for a CORE and I have reduced quite a bit and given some profits back. But the M/C is fully supported by FCM and PNT...so I'm happy to hold my small investment.....and yes Paul...I play it like you....but it has to go up first...lol
GLA
Yes these ones are grand national flutters,
Sticking a fiver on to make it interesting is ok, but to even use any of your portfolio allocation on them is risky.
I tend to put £XXX (minimal amount) on wait to see if it bags 50% to 100% and sell the original stake and let the rest run.
Correct Stan but Darren dropped the ball being just in charge of one company last year and now he assures us that being in charge of two companies won't have a detrimental effect. Excuse me if I remain sceptical and heave a huge sigh!!
True enough JP2000,
Although pre 2022 I had PALM as a safer bet than most other junior explorers due to the CEOs refusal to dilute and issue warrant confetti.
2023 the CEO needs to earn that trust back with some prudent management. It doesn’t have to be spectacular but certainly it has to be prudent
Friendly advice: unless you're a very experienced investor then sell on the next uptick. If you want mining exposure go for companies that have found economic grades but still have exploration upside eg FCM, companies with or very close to creating resources , near term production or more mature miners about to start paying dividends. Avoid at all costs the pure speculation plays like PALM or KAV, in terms of risk they're 9.5 on the Richter scale (analogy)
Unfookingbelievable. But this presents opportunities....
Reverse the London listing into Panther Ltd. Return the equity stakes to Panther PLC shareholders, give/sell Obonga back to Lianne, swap the remaining licences for FCM etc equity and return to shareholders.
https://www.mantaropreciousmetals.com/corporate/directors/15-darren-hazelwood
No I mean our Ceo Darren was yesterday appointed the Ceo of another company. Darren says it won't affect his work at Palm. Yeah right!!
Do you not mean the invisible COO?
I see we are now sharing our Ceo with another company :-/
“…we have turned assets into £4m worth of value. There are multiple ways to lock in additional value for shareholders. We are not raising capital at these levels…”
https://total-market-solutions.com/2023/02/panther-metals-plc-feb-2023/
Agreed but Darren needs to pull his finger out and find some commercial Ni, Cu, Au, PGM
Our value in Fulcrum and Panther (AUS) (PNT) does actually now exceed our £4m market cap.......so yes....I guess our other projects are indeed a totally free carry.....for sure.
We should easily be trading minimum 6p at this stage!
Valentines Day.. All being well a Value to PALM of £1.745m plus PNET on the ASX ... 36.66%
Obonga ... and all the drilling to date is valued at sweet FA...
Upside here for sure
ATB
Around 1 month of the heavy winter left, probably a good time to announce a drilling programme set to commence mid March onwards
Apparently at the start of last year we had lots of options for funding and people approaching Darren, as mentioned in interviews as I seem to remember but we ended up with a trousers down raising.
I remember Chf saying they had all these other options for funding in Canada. Has anyone looked at Chf recently.
Hopefully we can make a deal with one of our licenses.
That's a little misleading to be fair. What it should highlight is no placing 'YET'.
If you asked the question will there be a placing in the next 6-9mths you would get a very different answer.
I am more concerned about how he intends to get the sp up to a much more palatable level before he goes cap in hand again to the money men.
Do you have a link to this. Cheers
Did you hear PALM CEO Darren on Doc Holidays "spaces" chat yesterday? He couldn't be any clearer. Actually sounds like the Company have some very exciting options in the offering...
Dotted looks like an extension project to FCM's West Pickle and there's potentially a second mineralisation overlap in the south. The only thing with these explorers is nobody has cash for acquisitions so its all paper deals. I'm beginning to wonder if we wouldn't be better off reversing the whole of Panther into FCM if they could get to c10p paper deal, could be a win win all round.
I’ll be amazed if the graphite thing is anything other than a complete non-starter. Graphite projects need to be measured in the tens of millions of tons.
IMO the nickel target at Dotted is now the best PALM target by some distance, and I’d be tempted to whack a quick couple of holes in there with current funds (if sufficient)
Otter Tooth and Silver Rim JP.
I am not sure what we have atm apart from 2 vms as much as Darren appears to be crowing about them and moaning about the market reaction.
One has to wonder where and how we are going to get that amount of money to drill without serious dilution.
He's got to step up to the plate with something and quickly.
Do we think there's much in Obonga? not seen much evidence so far.
The area around Awkward & the lake has been explored for the last 50 years. Lianne thought there might be a Ni/PGM conduit but it turned out to be nothing. Would you rather have a ton of graphite or a ton Ni?
Wishbone exploration has been hit & miss, mostly miss. There's zinc but nobody's getting excited, can't see BHP knocking on the door.
Survey no information from recent drill apart from its a VMS.
That leaves Ottertooth to be drilled amongst the priority targets.
PALM have an obligation to drill another c5500-6000m in the next 18 months which is fine if they find a high grade/valuable target. PALM has limited funding and I'm wondering if Obonga is the right horse to back?
Exactly my thoughts Metalhead. One thing is for sure, Darren needs to up his game from last year by a helluva lot because last year was woeful for many reasons. But I am sure he will have learnt a lot of lessons.