Member Info for ejt7777

The main trick on LSE is to take any unsubstantiated statement or piece of advice with a vat of salt and do your own due diligence.

From what I know, all listed companies are required to release market sensitive information in a timely manner. However, there are reasons why they can be delayed (e.g. audit, waiting for official confirmation of a judgement, etc.) and it may be that there is a reason behind the scenes that it wasn't released today. That doesn't mean that one isn't coming though, and I expect one in the coming day(s).

Dilly,
The only difference the US will make to the share price today IMHO is private investor interest driving up the SP, as most institutional investors will have people working UK hours.
I think it may make a slight difference as private investors Stateside wake up today, but to be honest the share price is going to do its thing today regardless.

...but I'm certainly not complaining!

Lots of encouraging stuff on the horizon, but nothing feels tangibly close at the moment.

MB seems like an 'actions speaks louder than words' sort of person, and hopefully his silence at this stage is down to hard work to unlock value as we head into 2023.

DO NOT SAY THE 'B' WORD TO JOHN!! ;-)

John,

With the greatest of respect, I posted information regarding one of the company's prospects which may be of interest to other investors which use this forum. I appreciate that you are a very active member of this forum who has little interest in Bhukia, but you don't have to engage with every post.

FYI

@machiismo, I don't disagree that the court may try to push it back, but based on the last investor presentation I fully expect PAT to formally escalate to the Govt of India if this happens.

@Pollack the next listing date is 1st August.

No interim orders / judgements since 2nd March, which seems a little strange - something has been published by the courts after previous hearing dates, but nothing since 2nd March.

IMHO movement one way or the other on this will happen this quarter - either the success we hope for, or an escalation of the dispute to the government of India.

Based upon the timeline in the Panthera presentation of 31 May, unless we are close with a JV/negotiation Mark should be issuing a Notice of Dispute to the Government of India imminently.

Next hearing date is 1st August.

@Adamsk yes I saw that too - sp spike and drop just before the bell, with a price monitoring extension just after. V odd.

Agreed, Mickey. We need a successful JV / offtake of one of the projects ASAP IMHO, else we are in dire risk of running out of cash.

@Lawrence, if you're *only* 60% down on this share I'd say you're doing well at this stage! ;-)

From my perspective, while a 6p share price looks attractive to average down, it feels like I'd be throwing good money after bad at the moment, and I won't be doing so without further news. I suspect my own perspective is similar to many on this board, and wider sentiment towards the share.

@Mickey, much like my reply to your earlier thread, unfortunately I don't think there's a huge amount that MB can update us on at this stage.

Unfortunately, my shares in Panthera are stuck in the bottom drawer for the foreseeable.

Laugh or cry, I suppose.

My watchlist is a sea of red today - definitely a day to close the app and do something else instead.

I've been through the recent investor presentation again, focussing on the published, anticipated timeline. My thoughts:

- Labola's updated MRE needs to be above 1MOz IMHO for it to be transformational for shareholders. Q4 looks realistic for the updated MRE. Following on from this, the definitive decision to mine and a route to get there needs to be bottomed out.
- Bassala. The drilling just started there needs to deliver quality, consistent grades to enable a gold discovery to translate into something commercially viable and attractive to investors. My guess is we'll find out at the end of Q3/into Q4.
- Bido, Paimasa and Dagma are longer term prospects, which I see little chance of delivering value to shareholders in the short term.
- Bhukia (John' I know you're fed up with this so look away now!). The conclusion of JV discussions and planned move towards international arbitration if JV discussions / court are unsuccessful following the 4th July hearing feels like a watershed moment for the project. Past performance is no guarantee of future decisions, but it feels like a long shot at this stage.

Conclusion for me is that MB is facing a *lot* of headwind across all projects to deliver any meaningful value / growth for shareholders in the short-medium term, but I would be over the moon to be proven wrong on this.

Lots of activities planned in Africa, which is good. Hopefully we'll get some positive news there - MRE update in Labola in Q3(ish), plus drilling and assays in the other four African gold plays. Fingers crossed.

Regarding India, it looks like exploring JV opportunities will come to a close at the end of H1, which coincidentally roughly coincides with the next court date on 4th July. If unsuccessful, it looks like we will be issuing a notice of dispute to the Gov't of India thereafter to escalate the issue.

John,

The presentation was released ahead of a London Investor Briefing being held tomorrow (1/6) at 10am with Mark. Standard stuff to produce and release the presentation beforehand.

https://www.rns-pdf.londonstockexchange.com/rns/3820N_1-2022-5-31.pdf