Great move, solid RNS, huge potential26 May 2026 13:17
Panther has had a lot of industry interest in Awkward, so drilling a hole themselves makes total sense. Going down the standard JV route for a free carry usually means giving away 50% of the asset, so it's great to see them backing themselves here. The timing is spot on too - it looks like we’ll be trading on the CSE next week, and an active drill program is exactly what’s needed to whet the appetite of Canadian investors. We’ll also get a good idea of what’s in the ground as soon as the cores start getting cut. That visual data will dictate when they issue Flow-Through Shares, and more importantly, at what price. If the cores show they've hit a VMS, the FTS pricing and the share price will be significantly higher. It could also force potential Canadian suitors to move early if they want a piece of the action before the price goes up. With Winston cash flow locked in for 2027, the company is in an incredibly strong position. We could easily be talking about major companies (Glencore or First Quontum) giving Darren a call on the back of this. Glencore already have Mattabi and Sturgeon lake - and First Quantum have Darrens number dialled in after Winston.