Member Info for ejt7777

Your date of query is when uou made the search on the court website - date of listing unchanged

Whereas in the past you could take a well-educated guess about the court hearings, I genuinely don't know how next week is going to go, especially given the order arising from the July date.

I'll be disappointed if the due diligence on arbitration isn't finally resolved next week though.

Probably, and I do feel a little guilty about my last post (apologies Mark) - it's just a reflection of my nervousness and restlessness this morning.

...seriously though, Mark, where is it?

There was a thread a few days ago with a link to an article about setting up a gold mine and returning revenue in 3 months - think that's the reference

Main thing to remember with any JV is that 1% of something is worth infinitely more than 100% of nothing.

If MB gets us across the line with the courts, I'd be very confident in him negotiating a great JV deal to the benefit of all parties.

It would be nice if it landed this side of the weekend, but Monday morning remains the backstop.

Hi Machiismo,

A fair point.

I looked back at the previous spike from late Nov 2020-Jan2021, when the share price rose from 10p (ish) to 35p (ish) in a 5-6 week period, including the Christmas break, ahead of the first court hearing.

*If* the arbitration due diligence outcome is in Panthera's favour, and given the court order from the last court session, Panthera will be in a significantly better place heading into the Aug 10th hearing than at any point in the past 3 years, and I expect a decent rise in share price accordingly in anticipation of the next hearing.

Again, *if* the court then rules in Panthera's favour, I expect that we will head straight into auction. I genuinely don't know what the share price would be coming out of auction, but I would be extremely disappointed if the all-time-high share price wasn't smashed.

Two big ifs above. However, previous extensions on the due diligence provide encouragement for me on the former, and the last court order with the objections from the gov't provide further encouragement on the latter.

Huge 16 days (12 trading days) ahead for the company.

Managed to snare another few thousand shares today in three tranches at 7.5p (which, bizarrely, aren't showing up on here yet), and now that's me done.

I suspect the share price will hover around 7.5-8.5p over the next couple of days pending the update on arbitration funding. After that we'll find out if we're off to the races or not.

Good luck all

I'd say it's purely a matter of what's right for you from an affordability and risk/reward perspective - nobody else can really advise you on that.

Few trades today and I'm struggling to top up. These shares appear to be in sticky hands

Personally, I don't think there will be an RNS until arbitration financing due diligence concludes. It's worth noting that the 28th is a backstop though, so we may get news on this sooner than the deadline.

*IF* due diligence concludes in Panthera's favour, and given the Respondent's serious objection to adjournment today, the August 10th hearing could be extremely significant.

@PK, you are correct - as listed on the court website, Metal Mining India PVT Ltd. (i.e. Panthera) is the petitioner, and the State of Rajasthan the Respondent.

Re: LCM, I suspect that resolution on 28/7 (or a date shortly afterwards) could be linked to the General Meeting Resolution in June: 'This is an ordinary resolution to grant the Directors the authority to allot and issue shares and grant rights to subscribe for shares in the Company for the purposes of Section 551 of the Companies Act 2006 (the “Act”) up to the maximum aggregate nominal amount of £400,000, representing approximately 26.2 per cent of the Company’s current issued share capital. This Resolution replaces any existing authorities to issue shares in the Company (to the extent not already utilised) and the authority under this Resolution will expire at the conclusion of the next annual general meeting of the Company.'

1.Learned senior counsel appearing for the petitioner seeksadjournment in order to complete his instructions.2.Learned AAG makes a serious objection to the adjournment.3.List the matter on 10.08.2023, as prayed.4.Interim order, if any, shall remain in currency till next date.(DR. NUPUR BHATI),J91-amit/-Powered by TCPDF (www.tcpdf.org)(Downloaded on 19/07/2023 at 05:33:52 PM)

There's a new judgement showing on the court page, but I can't open/download it - can anyone assist please?

Rajasthan is GMT+5.30, so 13.00 - 13.30 UK-time seems about right for close of play out there.

@Prof, thank you for the reply; I appreciate it.

Here's hoping for progress tomorrow. It is a particularly interesting time for Bhukia, especially *if* Mark has to attend court this time (asterisked as it's unconfirmed whether he *has* to be there).

July still feels like a significant month for this prospect.

Mark's in India, court tomorrow, arbitration 'unexpectedly' shunted to the right but will become clearer in the next 9 trading sessions.

Last weekend I felt quite restless, but today I'm oddly serene.

Johnny, I used to think you were a bit of a wind-up-merchant. However, since I was kicked in the head by a horse I now can see how well meaning and informed you are. Thank you for your meaningful contributions to the board.

Regrettably this won't be millionaire-making for me, but a decent chunk off the mortgage and taking the family to Disneyland would be nice.