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Bhukia court date set for the 05/02/21 is all Im focused on for now. Only so much they can delay now as its the final hearing they are literally trying every trick in the book but when that hearing goes ahead the Rajasthan govt will have to opt for some kind of deal as PAT have done everything by the letter of the law and they know it. Tick Tock roll on the 5th of Feb

Looks like fear of a placing has set in and everyone has lost their voice. As one of the greats says be fearful when others are greedy and be greedy when others are fearful. Nothing has changed except a delay to Bhukia and awaiting further updates on the African prospects.

Russel the Covid play has not been dropped fyi.

Investors chasing other opportunities my guess would be COBR today..!!!

Isomer please tell me your didn't even remotely believe that rumour otherwise investing is not for you...!!!

Surely with the large number of covid patients since we started recruiting for our Covid 19 Phase 2 in July we will be getting some update this quarter?

I really think this could be something that has been massively overlooked by the market and would like to share this from an article posted by a fellow poster recently.

The dysbiotic gut microbiota that persists after disease resolution could be a factor in developing persistent symptoms and/or multi system inflammation syndromes that occur in some patients after clearing the virus,” the researchers conclude. “Bolstering of beneficial gut species depleted in COVID-19 could serve as a novel avenue to mitigate severe disease, underscoring importance of managing patients’ gut microbiota during and after COVID-19

Agree lads an update that simply states discussions progressing well would do wonders for the SP stability. Id go as far to say that it would in fact push the price back up significantly.

Great post on Labola prof and that alone is why this share is seriously undervalued. As I always say fundamentals will win out in the end. This company as £s written all over it and that’s without the flagship Bhukia. With Bhukia we are talking ££s and like the management have said a couple of zeros added to the SP if we are granted the PL.

Drop for me is explained simply by someone willing to take the gains from the climb back from 30-39 and now waiting out in the hope that Bhukia is delayed again and buy back in at a lower price and gain more stock then rinse and repeat or they simply move onto the next share with a bit of hype hoping to do the same. I really hope Bhukia comes in and they look in to see a 3 digit % gain though :-)

This is moving along nicely now can see 40p on the Ask into the close. Good news tomorrow and this will open a lot higher how is 50p for starters coupled along with anticipation for Bhukia news on Friday and you have the perfect SP catalyst. If Bhukia is a positive outcome it will blow the doors right of the SP into the £s.

Caravan if Bhukia alone comes good I would say £5 is nailed on minimum and if Labola or Kalaka also come in then £10 is a real possibility within the next 6-12 months

Prof great research and agree with you ST and Mickey this is a staggering opportunity to get in now before it Rerate a into the £s per share.
There is a genuine opportunity across the projects for 20Moz of gold and a share price of easily £10+ over the next few years

40 will be breached today as we move closer and closer to all the upcoming news then it’s £s not pence we will be talking about .!!!

Labola news due this month along with the Bhukia hearing pencilled in for the 15th exciting times and we could be staring at £s not pence from either. If both come good then it’s a question of how many £s.

This is beginning to look very very good if you read between the lines folks.

Value finder you really have no comprehension of the figures for Bhukia do you 300% rise would be just for starters the figures for the asset are mind blowing. It sits as a Tier 1 gold prospect with an already JORC equivalent of 7moz do the maths even at 40/59/60% retained to PAT

Happy New Year to all PAT holders..!!!
Prof I agree the time was spent on the company defining asset Bhukia.

Dont think I want to do another calculation if Labola and Bido come in for us along with Bhukia as the numbers would be ridiculous even with 100% more shares in issue and 50% of each license JVd You looking at £20+

Sole some other shares today including COBR and did my final top up here sitting with a nice fat 500k shares now couldn't resist if this gets anywhere near my target I will be retiring very early in life and taking up investing full time. First target £2 on Bhukia or Labola news

For anyone new

In a recent interview Tony Truelove says it’s his feeling that Bhukia is a lot more than a 10Moz deposit and Mark Bolton says it will add a lot more than one zero to the share price. Here is my basic workings of value of a 10Moz deposit taking into account any JV, Share Dilution and mining costs and you can see why Mark said a lot more than one zero ..!!!
MC based on 50% of in ground resource realising value to PAT
10 million OZ at $2000 (should be much more over life of the mine With gold expected to go to $5000+ but will go with this for now) I calculate costs at $800
So that gives us $1200 per oz at a retained 50% of the company if the rest was offset for drilling and JV partner
That leaves us $600 per oz or approx £500per oz
£500 x 10Moz = £5B lets take that and say for arguments sake we eventually have double the shares in issue so 170M shares in issue ( could be less could be more or may have to give more of the asset away % wise but be free carried therefore no need to issue so many only time will tell)

10Moz worth £5B to PAT divided by the guesstimated 170M shares in issue = £29.40
That’s a 133 bagger from 22p for reference
Updated : 84 bagger from 35p

This could be truly life changing for so many and I cannot see many other opportunities on AIM to see such huge returns..!!! The thing is Bhukia already has an estimated 7Moz so the SP could rerate to triple figures within days of a PL being granted not years like GGP and others. What if we get the PL and we go on to prove 15Moz+ unbelievable opportunity here right now. This is all without Labola coming good or any of our other resource plays .!!!