Member Info for ejt7777

@Deck and @F1, agree with both of your thoughts.

However, as much as I'm hoping for an update on Friday I'm expecting it on Tuesday.

Just a word on timings - given the bank holiday next Monday, the next update may be on Tuesday

Mark, you tease!

The more shares taken off the table now, the bigger the rise later (hopefully).

Fingers crossed and good luck all!

Another 119k trade gone through this morning...

Hopefully this one is the starting pistol.

Am expecting an intra-day RNS on Monday on this. However, the backstop remains 8am on Tuesday. Fingers crossed it's not another delay.

Does anyone know where Mark is at the moment please?

@deckchair, that was me - order partially filled. Hoping it'll pay for the ice creams on holiday next week!

Good reminder re: Cascades.

I'd hope for a more meaningful update re: LCM funding in the next few working days than the previous ones - another round of "look, we really mean it this time, honest" would reduce credibility without additional context.

Split the difference - £850m divided by 151m shares equates to approx. £5.63/share. Think we'd all take that right now.

£1.1Bn translates to roughtly £7.28 a share.

I'm feeling generous - someone can take mine off my hands for £6.99 a share this afternoon

It could be many things. Gut reaction is that they are playing politics by publicly pressing for approval of more favourable terms than the final deal will give them.

2 previous extensions which coincidentally expired a day after their respective court dates, and now a very short, 1-week extension.

Regardless of the external discussions regarding JVs, out of court settlements, etc. I think Panthera is rapidly running out of can kicking opportunities re: the due diligence outcome.

I'm not expecting an RNS today (but would be pleasantly surprised to get one) - Monday appears more likely based on previous performance.

The key thing for me in this next RNS is whether Panthera continues to indulge the Govt of Rajasthan by deferring the outcome of the LCM due diligence until after the next court date, or if its announced to provide more public pressure on them instead.

@Prof, Mark has successfully negotiated his way through the Indian judicial system previously - what do you think would be an acceptable share to the Govt which would satisfy both parties? 49%?

The State want this wrapped up sharpish, and Panthera is taking its time to get all its ducks in a row before concluding.

Will be interesting to see if tomorrow's update on LCM is another can kick down the road.

Interesting times though!

Learned Senior counsel appearing for the petitioner seeks time to complete his instructions.

Learned AAG appearing for the respondent-State takes a serious objection.

List on 11.09.2023, as jointly prayed.

Interim order, if any, shall remain in currency till the nextdate.

Yet to be uploaded, but the link is there. Update imminent.

@PK, I believe there were no previous RNS releases following court delays as there was no fundamental change in circumstance that warranted one at the time.

For what its worth, I think the LCM delay is purely political now - why announce successful arbitration funding and formally, publicly accuse the Govt of Rajasthan of breaking international law, while negotiations for an amicable solution are ongoing?

if Govt decides to throw out the case, Panthera will announce due diligence has been successfully completed with LCM and we'll see them in court. However, if an amicable solution is reached, I'm sure Panthera will announce that LCM has been awarded £X in shares in return for consultancy services in support of the day-to-day operations of the company, completely ignoring the elephant in the room.

As I type, it's 1300 in Rajasthan. Half way through the day.