Member Info for ejt7777

We are currently sitting at 4ish % of the existing claim value, knowing that the claim is likely to increase by am estimated 20-50% and we are only 6 months from the hearing. H2 2026 will be huge for Panthera, and I hope next week's investor presentation marks the start of the next growth phase.

The method used to calculate the SoC wasn't released with the number. However, at the time we felt it was conservative number (probably rightly so).

- If it was based on 1.74MOz and roughly $908/Oz profit per ounce after tax (simple maths), the gold price going up 50% in the past year and being expected to remain elevated in the mid-long term will result in a material update to the SoC.

- The same is true it was based on the full 7.3MOz equivalent.

- If it was based on 1.74MOz but the respondent has effectively confirmed it'll be 7.3MOz as per Gall's response, the size of claim could increase beyond 'materially' to somewhere closer to 'blimey'.

Not long to find out now!

Thanks. High-level summary:

- On track with the July response on Bhukia

- LCM funding and support not an issue moving forward

- Expecting a mining licence at Kalaka imminently; on the last step for approval

- VSA share price target of 40p around July submission and 80p pre-trial unchanged. Mark unable to comment.

@deckchair66, for what it's worth I think any settlement offer over $400M, whilst low compared to the overall claim value, would be given serious consideration by the company.

The number of trades and volume up a bit this morning.

Insane also checking in.

My thoughts also went to the possibility of the sniff of an early settlement being in the offing. Time will tell...

And another £175k in three chunks before 9.30 today.

Something afoot?

A few chunky trades today for £98k, £57k and £35k - well outside our normal trading patterns. The £98k and £35k were most likely buys based on the trade price; unsure about the other one (20p).

Nice to see, and hopefully we will see an uptick in interest and price action as we head towards July.

I'm with Gall on this - I think we will submit diligently on time, regardless of whether our response takes 5 minutes or 5 months to compile.

The only thing in the interim is whether the GoI decides to make an out of court offer based on the case against them thus far. Again, I don't think it hugely likely but it would be welcome.

The last time there was a question mark around LCM funding, Mark released an RNS (8th Oct) iterating that approx. half the funds had been drawn down and LCM were committed to providing the rest. If that situation changes, I'm sure we'll be informed.

I'm not concerned about the other cases, nor the residual funding. For md, the fundamentals are unchanged.

I'm sure that if Mark needed to raise funds here to cover the remaining legal costs he would be able to, and it may actually be in our favour to do so as it would lessen the cut of any award provided to LCM.

I was hoping for a bit of a nudge up after the last RNS, although it's no biggie as I'm in until Q4 at least.

Agree that fundamentals are unchanged and we should nudge up towards fair market value as the case progresses.

I'd hope that Panthera's response on 17 July with updated claim should kick start things, if not before.

Personally, I think it'll land either at 7am, intra-day or after hours on a day of the week with a 'y' in it (although probably not a Saturday or Sunday).

However, please DYOR, usual caveats apply, etc.

Just seen the spot price of gold on abc bullion is nudging $5700.

The longer this goes on, the greater the incentive for GoI to settle out of court as any award is getting more expensiv3 for them by the day.

Yup - no panic stations and we can all pretty much guess the wording of the RNS already.

Panthera is my most relaxed investment.

Did you sit on your phone Panama?

Question: should an out-of-court settlement offer be received, what would happen to the arbitration process?

Presumably it would continue in parallel or be paused pending offer acceptance and payment?

Does anyone know what timr the deadline is on the 27th please?

I wouldn't be surprised if we don't get the RNS until the week of Monday 2nd March.

Odd - I just picked up another 130k shares at 1.96 via T212.

Last raise was at £1.30, so I'm going to say results first, then hopefully raise at a higher SP / JV.

Normally an auction