Member Info for ejt7777

@machiismo, that's the issue though - I've seen various numbers banded around regarding the value of gold in the ground, ranging between $10 and $250/oz. For what it's worth, I agree with Edhellas that somewhere around $80/oz would feel like a reasonable baseline number, which would equate to Panthera's value in Cascades being around $32M ($0.24/share) if the calcs are correct.

Please can someone check (and inevitably correct) my maths.

If, as Allenby Capital suggest, the resource at Cascades is envisaged to be updated to >2MOz in Q4:

Panthera's share in Moydow = 20%
Panthera's slice of Cascades = >400kOz
The value of gold in the ground is oft debated, but assuming somewhere between $10 and $100/oz , Panthera's Cascades share is worth somewhere between $4M and $40M (I think more like the latter than the former)
With 131M shares in circulation, this equates to a value per share of between $0.035 and $0.35

If Panthera choose to increase their share of Moydow by a further 10%, they would get a further 200kOz (somewhere between $2M and $20M) of gold for $7.2M, adding another $0.018 - $0.18 of value per share, which feels a bit of a no brainer towards the upper end of that scale.

Obvoiusly, those numbers are dependent on how Cascades moves forward thereafter and any value realised to Panthera as part of a future JV, buyout, etc. but I'd appreciate your thoughts.

Someone's been reading my comments on here! From Monday:

"Hopefully some news towards the end of Q2 on Cascades on the first phase of drilling, with news of the location of drilling of phase two to follow.
If they can get phase 2 drilling done over the summer, hopefully we'll be looking at an updated resource estimate towards the latter part of the year and a decision on how to move forward on this prospect thereafter. Would be good to get some definitive timeline on this from MB though, as it's just speculation on my part."

I feel more confident in there being a resolution having seen the tweets from Panthera in recent days. Let's see if there are any RNS announcements over the next couple of months announcing a JV with the state government...

Yup, that's the one

Just had a look on the Rajasthan High Court website and the date of listing is now 17/5/2023.

Wrong board - apologies

Just had a look on the Rajasthan High Court website and the date of listing is now 17/5/2023.

Hopefully some news towards the end of Q2 on Cascades on the first phase of drilling, with news of the location of drilling of phase two to follow.
If they can get phase 2 drilling done over the summer, hopefully we'll be looking at an updated resource estimate towards the latter part of the year and a decision on how to move forward on this prospect thereafter. Would be good to get some definitive timeline on this from MB though, as it's just speculation on my part.
It would also be nice if they were releasing this news as an appetiser ahead of Bhukia on Thurs...

16th, not 14th

Court in India next week. ***IF*** the case is heard and moves forward, that would be a catalyst. However, my expectations are well and truly managed on that one and I expect another can kick down the road.

Beyond that, Mark needs to provide the investment case for new and existing shareholders for 2023, and I would hope that he does so as a matter of urgency.

@DrP, you articulated it far better than I did *doffs cap*

I'm nipping to Asda later. It's equally as relevant to KOD.

Well, I for one would like to thank Mr008 et al. for their services. I make all of my investment decisions based upon the opinions of those I've never met while reading a public forum, rather than doing my own due diligence...

Mark tweets from India on 19/1. Exactly one week later, 2x 500k trades go through.
I'm probably clutching at straws, but at this stage I've not got a lot left when it comes to Panthera...

...as it says on the tin, really. Cash in the bank, BOOM time!

They can have mine, but will have to pay a pretty penny for them

@Merc, from the RNS:

'Completion of the Kodal Group Funding Transaction, including receipt of funds, is conditional upon satisfying various conditions precedent on or before 30 April 2023, or such later date as the parties may agree (the "Long Stop Date") and whilst the parties have entered legally binding agreements, there is no guarantee that the transaction will ultimately proceed.'

The end of December is usually slow for the holidays etc. so I'm not fazed. Likewise, we are at the end of the first working week of 2023 and there are another 12 weeks left in Q1, so there's plenty of time left for TK to launch as per planned timescales.

If it makes you feel any better, I've been trying to buy on T212 all day without success...