Member Info for ejt7777

Tomorrow (5th) is two calendar months/9 weeks since the notice of dispute was issued. Do we think that notice of arbitration will be issued before Bhukia heads to auction?

Deck,

My understanding is the same as yours - as soon as Notice of Arbitration is lodged, the panel has to convene within 2 months, importantly outside of India (and Oz too, I think).

GoI is faced with 2 options: settle with PAT out of court, with an amount that is agreeable to all parties, or go to arbitration. If the latter, PAT is in a strong position given it has passed the selection criteria for the unconditional funding on arbitration (something like 90% of applicants fail) and then LCM/Faskens success rate with the cases they take on (90ish%). If the legal experts effectively think they have a 99% chance of success, that's good enough for me.

Surely if the GoI has listed Bhukia for auction, that immediately means that we're either:

a) due an out of court settlement, or

b) this is pretty conclusive grounds to move from Notice of Dispute to Notice of Arbitration

I suspect the latter.

?

Thanks.

Saturday 2nd March represents 60 calendar days since the notice of dispute was issued. No idea where that sits in international arbitration terms, but it's a fairly standard commercial period where I work. First full week in March for an update?

@Ed, didn't realise Mark had an interview planned in March - who with, please?

Also, surprising to see 11 trades before 11:30 - there's a flicker of life today.

It's not showing a trading halt at the moment for me - just no trades today. Anyone else?

@Prof, I'm no expert on this but if we receive major news then wouldn't PAT go immediately into auction?

Tomorrow (20th Feb) marks 7 weeks since the Notice of Dispute was issued. While it would be good to get an update on the status of the case, personally I think it's a few weeks away. Always glad and pleased to be proven wrong in these instances though!

What update are you expecting this week please?

2 encouraging RNS releases last week, but let's be honest - we all know that the market is only interested in updates on Bhukia right now.

Hopeful of an update on/before the end of Q1, but wouldn't be surprised if we get radio silence for the remainder of H1 instead. Hope for the best, plan for the worst, etc.

The LinkedIn post looks like it's 2 weeks old, but it's interesting to see that it's there.

Bit of sp movement on small volume again today.

Https://www.share-talk.com/zak-mir-talks-to-mark-bolton-managing-director-panthera-resources/

Yeah I agree - I think that 28 days is the shortest reasonable time frame to wait for a response from the GoI, but expect it to be longer.

A bit of SP movement this afternoon on not a huge amount of volume.

*If* (t&cs apply) the next stage of the arbitration process kicks off 28 days after the issue of the notice of dispute, that's only a week on Tuesday - might be a nice time to get in for those who aren't already...

The Bhukia auction may have its reserve price set based on the size of the payout to Panthera!

Interesting response from the AI, best taken with a vat of salt though.

It has been 2 weeks since the letter was submitted. I reckon another 2 to go as a minimum (i.e. "you have 28 days to respond") before we get any further progression on this.

Big spread, tiny volume. I'd hoped that the RNS on the 2nd would have been a catalyst for interest, but nothing thus far.

Given how significant and transformational the court case is for Panthera, I am slightly disappointed that Mark hasn't done anything to publicise the latest RNS - not even a tweet.

Mark could buy Greatland Gold for that, with cash in the bank to spare...

Having said that, I'd take a £2+ special dividend.

Testing of northern exploration holes? That's the only thing I can think of having re-read the last Kalaka RNS.

Any idea what the catalyst for that is Deck? Can't see anything on their website.