Member Info for ejt7777

I wouldn't call expecting a drop during a 20% dilution event being a naysayer... I'm genuinely astonished at how the SP has held up today, but see it as testament to the strength of the investment case.

@catsick, we've speculated on settlement on the board a lot - both in terms of amount and timing. Personally, I don't see it happening pre-SoC (but would be delighted to be proved wrong on that), maybe when the GoI has had the chance to digest the case against them (SoC plus X months).

Share admission day tomorrow (12/3) - let's see how that goes, but a bit of a pullback and churn before ticking up isn't unexpected.

Just noting that the extended exclusivity period to 28 Feb for the West African assets has expired without an update - I'd expect an RNS on that imminently.

These things seldom go up in a straight line, but super relaxed here. A legally defined backstop for the next milestone, oversubscribed placing, shares in very sticky hands. What's not to like?

While we're on the subject (not a cross-ramp) Greatland currently looking like a good shout for top slice profits from here - feasibility study for Havieron in H2 along with cross listing on the ASX.

Fizzy,

Afraid the answer is 'it depends...'

There are 240.5M shares in issue. The value per share is dependent on how much any award is, less LCM's cut, local partners, etc. and whether Panthera chose to go down the special dividend route.

I think VSA's current target price of 40p is based on a conservative SoC of around £400M (pls correct me if I'm wrong) - we assume it'll be higher, and the target should increase proportionately when SoC is released.

Bottom line, it'll be multiples of today's SP.

For what it's worth, as of yesterday I am also back in black for the first time in 18 months, and now healthily up.

We all have our own strategies, but the next value-add catalyst is well known with a legally defined backstop date. The trading volume and number of trades is ramping up accordingly (111 trades before 11am - I remember whole weeks without a single trade). For me, it has some way to go yet before top slicing.

Admittedly only for 91 Shares, but still...

A strong start to the week and a maximum of 11 weeks until SoC. Spring is going to be very exciting for Panthera!

RNS of 26 July states:

"While the statement of claim inclusive of the quantum of damages will be issued in due course, the Company refers to its announcement on 2 January 2024 which noted that on 30 September 2023 the Times of India reported that, based on information from the Geological Survey of India ("GSI") and the Additional Chief Secretary of Mines, the gold deposit at the site could be worth over US$1 billion. "

Gold was $1925ish back then.

The SOC may be higher or lower than that amount, but I don't think Mark would have put that quote into an RNS if he didn't believe the asset was worth that magnitude.

Given the recent uplift in volume and interest in Panthera, it's hard to conclude this is anything other than the beginning of the re-rate. It's been a long time coming.

The only reasons to settle now are political or for the SoC to remain confidential (unlikely IMHO).

If the SoC is published and the govt lawyers believe PAT has a strong likelihood of winning, settlement is v much on the cards. Ditto if domestic pressure mounts on the case.

If the SoC is published and the govt lawyers believe it's strongly contestable, they'll either see it through or offer a lower settlement for expediency.

As Gall says, hope for the best but prepare for the worst on timings.

It's 'cue', not 'Q'.

I'll accept advice from those who know the difference.

I've had my sulk.

The silver lining for me is that Michael Higgins and Mark Bolton are in the same place as long term shareholders - they will also heavily feel the effects of this significant dilution, yet chose to do so to further the progress of the company.

Hopefully we get context on 'why?' and 'why now?' shortly.

Hard to not be annoyed at the past week or so here. 20% dilution this close to SoC when some of this raise could have been held at a higher share price by waiting a few weeks.

Given the timing of admission of the new shares, I don't think we'll see the SoC this side of April.

The last couple of after-hours RNS' have (rightly) gone down badly - from memory I thought we were well funded until mid year, at which point any raise would have been at a much higher SP.

A question: does the LCM legal funding only cover arbitration, or could it be used to review the legalities of an out of court settlement? Just wondering what the rationale could be for a raise to cover additional legal costs.

Any point from submission of SoC to final resolution.

Once the SoC is published, the lawyers for the defence will be able to formally appraise the case against them and advise their client accordingly.

If it's as open and shut a case as hoped, they may advise settlement sooner rather than later.

I'm prepared for a long haul but would be happy to be surprised with an early finish.

Bernie, even.

Autocorrect strikes again!

Https://x.com/KodalMinerals/status/1891861609653428427?t=Y--NDUv4v2RymEwUfKfeag&s=19

Bernard Aylward, and Operations Director, Steve Zaninovich, holding the first spodumene concentrate product from our Bougouni Lithium Project in Mali.

Ramp up to commercial production will continue in Q1 with aim of producing 10kt per month.

There you go - £49.85k trade for 566,452 shares at 8.8p at 16:38

Suay Chin can't have much left in the tank now.