Member Info for ejt7777

I know that investing is (or should be) an emotionless, purely factual and transactional process... but my goodness, this is exciting!

11p paid, ask now 11.7p on T212. Share price popping.

Quick maths:

20% of 5Moz = 1Moz, as a FREE RIDE

@$2000/Oz = $2Bn

Kerrrr-ching!

Panthera have got one last opportunity to present their case in court tomorrow. After that, it's decision time.

At share price of 9.75p. That's a pretty anomalous trade for Panthera!

@SmallPotatoes, Rajasthan is GMT +5:30, so I reckon just check it around 12:30-1pm UK time as historically that's been when the orders/judgments have been published on there.

Not a lot to say at the moment - next week looks promising regarding a catalyst for change at Bhukia (@Small Potatoes, please can you be on standby on Weds for the updated court order/judgement?) and hopefully news on the African prospects is also imminent.

Have a good weekend all.

Anyone else notice that delayed 500k share trade from yesterday at 10.25p? That's quite a chunky transaction...

I understand the frustration and impatience (I've been invested here for 3 years now), but unless there is a material change in circumstance here, there's nothing to report via RNS.

I am expecting further clarity after next week's court hearing, and nothing before.

366.5k shares bought, 20k shares sold, 66.5k shares unknown. Safe to say that buys are outpacing sells today.

A sea of blue today, and the ask on T212 has now popped above 11p...

Prof,

Don't know. However, the cynic in me wonders why it's not accessible to those in the UK but is accessible to those based elsewhere/via VPN...

The next court date is scheduled for 2 weeks tomorrow. From the 'one last' wording on the court order, I expect that this event will be the catalyst for movement at Bhukia one way or another. I would expect that the interim period will be spent by Panthera simultaneously trying to mediate/negotiate a JV and also working with Faskens/LCM to come up with an arbitration figure.

I suspect that the arbitration funding delays were to act as a bargaining chip over the summer for Panthera to try to resolve the deadlock and agree a JV. While that was unsuccessful, maybe Panthera hopes the arbitration figure itself will change a few minds, but I think it's very much last-ditch attempt territory.

As a result, as frustrating as it is, I don't think MB is in a position to update shareholders on any ongoing JV talks/mediation nor update us on arbitration amounts until after the next court hearing. Thankfully it's only 10 trading days away.

It also provides additional, limited opportunity to lobby both GoR and the Indian government before the final judgement. Heading into any arbitration, I think (but am no expert) it would be looked upon favourably if Panthera was going above and beyond to come to an amicable agreement before going down that route.

SmallPotatoes - thank you, this is what I've been trying to access all day. Interesting that you were able to do so by VPN and we cannot access the website by conventional means in the UK.

The one last opportunity to argue the matter means that, the judge is allowing Panthera to present its case for a final time prior to making a judgement. I'm not surprised the respondent for GoR seriously objects to this.

One way or another, this court case is coming to a head. Hopefully Panthera, Faskens and co. will know the size of their claim ahead of the next court date, and the end of September provides the fireworks we have been expecting.

It was unavailable all last week too.

Does anyone have a VPN where they can pretend that they are in India and try that way?

- Those that have tried have found the Rajasthan court website to be unreachable, hence we don't know what any order/judgments/delays arising are.

- It's now past the end of the day out in Rajasthan, so if there was any seismic news coming out of court, Panthera would have had to have released an RNS by now.

- Gut reaction is another court date, but as we haven't been able to access the order/judgement we won't be able to interpret why.

Thanks F1. Huge if true!

Judgments from previous court dates have been published at around 12.30-13.30 UK time.

*If* there's an outcome which is in Panthera's favour, I would expect an RNS to follow pretty much immediately following on from a published judgment.

Heading into this morning my gut reaction was that there would be no RNS and the court case would have a new date. Frustratingly, we are unable to find out the judgement from the court website.