Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
‘Humberside company speculated on before’ what is the speculation? I live in Humberside and work on the south bank. I might see what I can dig out
Thanks. We all appreciate your perspective.
15 January 2021
Panthera Resources Plc
(Panthera or the Company)
Kalaka Conditions Precedent
Panthera Resources Plc (AIM: PAT), the diversified gold exploration and development company with assets in West Africa and India, is pleased to announce that all material commercial conditions precedent for the transfer of the Kalaka Project (Kalaka) to Moydow Holdings Ltd (Moydow) have now been met.
The remaining actions for the completion of the transfer of Kalaka comprise administrative and logistical activities including exchanging, executing, stamping and lodging of various documents and agreements between the parties and applicable government departments in Mali. Accordingly, the Company has agreed with Moydow to extend the date for completion of the sale of Kalaka to Moydow to 31 January 2021.
Background
On 22 July 2020, Panthera announced that it has entered into a conditional sale and purchase agreement (Agreement) to divest its interests in the Labola gold project in southwest Burkina Faso and the Kalaka gold project in southwest Mali to Moydow.
The transfer of Panthera's interest in the Kalaka project to Moydow required an internal corporate restructure by Panthera which is expected to be completed later today.
If the transfer of Panthera's interest in Kalaka to Moydow completes on or before 31 January 2021 (previously 14 January 2021), or such other date as agreed, Moydow will settle the remainder of the deferred consideration (US$60,000) and refund to Panthera the 2H 2020 historical costs on Kalaka forecast at US$115,000 at completion.
If the transfer of Kalaka does not occur on or before 31 January 2021 (previously 14 January 2021), unless extended, Panthera will retain its interest in the Kalaka Project and 0.5 million of the Share Consideration as previously announced will be rescinded.
Now
MetalPD46 has popped up with an interesting post on Twitter. Worth a look........ lots of insinuation about big things and shorter than anticipated timescales.
Probably just a B S merchant but who knows ?
That’s very accurate Bill, nice one. First time ever I’ve permitted myself a little chuckle at something I’ve read on here
I’m tempted to sell RMS tomorrow if price remains stable and further invest in here, reasoning being that even with the delivery of the manufacturing equipment at Biocity, it’s going to be a considerable amount of time before production is ramped up. I’m thinking a positive DFS release and we’ll be back into ATH range here again with a gradual decline into the 37-40 trading range as the FSP takes its time to materialise. I wouldn’t want to be out of either but if I can free up some powder to trade EUA whilst RMS gets it’s manufacturing capability fine tuned I’m happy.
Today I've sold some EUA to invest in RMS,ORM and EQT. Hoping to get back in on Friday morning as the EUA drifts down to around 25p on no news and MM accumulation.
I'm only posting this as my plans generally go south big style so I'm thinking big news for EUA on Thursday close of play and a jump up to 50p plus.
Come on usual suspects, ITS GOT to be a sign of the deal collapsing and the impending SP re-rate to 4p !
Or it’s a positive sign of an RNS on the way,
Or it’s coincidence, my monies quite literally on the RNS being released imminently.
Is it a sign ?
Some interesting typo’s. I’m actually not too bothered about observing the Finnish, good old Putin on the other hand likes to keep his eye on them.
No bone required. BOD just lucking after themselves with no regard to PI’s sanity. I completely respect that. Surely they’re fully focused on getting to the end point, a frocking massive sale price. The current SP is irrelevant unless you’ve got the minerals to try and trade it; I know I haven’t.
Have faith guys, surely the Finnish I well within sight.
As soon as the DFS is released showing a bountiful smorgasbord of PGM’s ready for extraction.
You need to be specific on the type/construction of hat. Lots of difference between a Christmas party hat and one of those Australian hats, I think you might choke on all that cork. Time to back your challenge up with some data me thinks.
Definitely a ‘D’, last minute.com as well, just to add to the drama.
The only thing that’s boring me is my watchlist of post EUA buys showing big gains. Unfortunately/fortunately I’ve gone balls deep in here so no meaningful numbers in the other stock. I’m sure the wheels will fall off one of them in the time between now and culmination of this deal, so plenty of time to get in on the action. Or maybe even some time to thanks my lucky stars that I dodged the bullet.
Apologies if repeated.
https://drive.google.com/file/d/1eg72pHE3QDogRJ1qkmcjoa7nx9iANLFR/view?usp=drivesdk
Bump