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I’d be very happy with 12% of spot @deck… back of the rack pack is that’s 1.7bn dollars…
Think there’s a lot of water to pass under the bridge before we get anywhere near that.. but here’s hoping, and that’s my optimistic hope that MB puts in a claim for that. If then we go up to 10-15% of that value in the interim as other companies in this situ seems to do, it’s still eye watering increase from here.
Noting @gallmats plan for the worst and hope for the best… let’s get that claim started!
Thanks that was useful to see, especially the timeline.
I can see why you need good lawyers, reading around the subject of BIT gets very complicated.
Vedanta (2016) won gold mining auction & paid about 12% of spot.
If you google above , whilst years ago it gives an overview of e auctions etc.
I think the dept of Mines announced Vedanta as winner the day after the auction
This is a bit frustrating because the broker implied the announcement of the value of our claim in q1.
However, that broker note put minimal effort into even calculating fair value - just some rough comparables.
I can understand why. This is a micro cap so they do not get a huge return from the work.
My guess is we might have to be a bit patient here. But honestly, every month that goes by we are making interest on the claim so hardly a kick in the teeth. Could be 0.7% a month!.
I reflected alot on this. Really we just have to wait and truat our world class lawyers. The timeline will be what it is. A couple of months extra would not be end of the world.
Planning for the worse ( which is still good) hoping for the best
The election ends june 1st!
I work to worst cases. So big decisions do not get made during elections. Elwctions end june 1st. Some time for fist bumping each other. Mid june.
I still think the auction is not that important. I read these things are won based on a royalty. I doubt they are going to throw out a dollar value that is comparable.
I just hope we announce starting the action
Would be good to know the timeline between submission of Final Price Offers (Tues 7th) and announcement of Preferred Bidder/MCC. Any ideas please?
Interview or Rns update would be nice next week.
Thanks!
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