Member Info for JohnLewis79

Def upwards if vols are anything to go by 435,000 and even the sp likes the news, c.12 paid & not a seller in sight. Surely they haven't gone away? Long way to go even till close of week but a bit of cheer for the old-timers.

Looks like the RNS has spiked some interest in PAT and not just the 'converted' buying on the news. Yesterday 85,000 traded in the casino hour, just 2 sells. Today 10 trades all buys (122,000+).

Once again Bhukia sparks the sp despite Mark saying its a lotto ticket and investors should base their investment on W.A. OK, we may have 3 of the 6 nos UP on the lotto but that's all.

I think your both right in your perspective viewpoints as ever it's a matter of opinions. He could have gone down the RI way at c.15 but didn't want to pressure pis into a possible dilution. Getting the stock away at current was a bonus for those
involved.

Your right VF to my way of thinking but tbf MB did say current share price which as he's calling the shots is OK by me. He'll you could go back to 18 and above.....

Agreed s-t.....one possibility but a positive one nonetheless.

Sucker that I am picked up some more at 10•5.

Have secured some cash and buying at open.

I'd resolved not to get too excited by news updates but I can't help thinking.....Something good this way comes.....

Monty, how about PANTS-A-GOGO when Bhukia is resolved?

Panthera strengthens it's position in the ongoing dispute over the Bhukia project by our subsidiary IGL acquiring MMIs shares. More a book squaring deal but one with obvious merits. The funding of £780k has been agreed with existing holders.

Are we near to an agreement here or another false dawn? I think the former....please God.

I remember when Paddy Power and Betfred was it merged. Instead of calling the new company PowerBet obvious eh, they chose Flutter.

Following the tradition of crap name changes Facebook is now to be called META. Hell, I don't give a toss, but Wtf is that?

I Wonder what name change would Panthera choose when becoming a mining giant? Answers on a Post card or ring me....heh heh heh!

star786 & mickay. A lot has been achieved this year considering we are a small junior explorer valued at £4m not that long ago. Finance secured through to 2022, first MRE at Labolla with much more drill news to come this and next year. Bassala, Kalaka & who knows Bhukia any of which could be trans- formational for Panthera. Must also mention at our helm MB who is determined to see value for shareholders and the backing of Diversified, so plenty of plus points!

I tend to agree with your sentiment....this year, next year sometime...but that's in the nature of most mining stocks and just because the mrkt is lukewarm to the nos doesn't make them insignificant. You know this as well as I do and keeping your frustration under control at the lack of appreciation by the mrkt is hard to do but one must! Over optimism by pis is par for the course especially in resource stocks, I'm learning to reign mine back.

We may be at the low point but we have some aces in our hands and I'm sure MB like any good poker player never discloses how strong his hand is. Simply Wall a stock analyst company calls PAT a "sucker" stock. Nice of them eh? I'm here hoping MB will prove them wrong.

Techs led the way up on the Street yesterday the Nsdq hit a record high (15778) up 167 in late afternoon trading. Mega cap stocks like Apple & Amazon are set to report post close but bellwether stocks like CAT and Merck provided investors with reassuring Q3 nos pushing the Dow to an intraday high of (35,730) up 249 points. Analysts expect the 500 to post an increase in earnings of c.36% in Q3 when all the nos are accounted for. In late news Apple & Amazon both disappointed.

The US Commerce Dept report showed the economy grew at an annualised 2% in Q3 (6•7%/Q2) its slowest growth rate in over one year. This was lower than hoped due to continued bottle-necks which pushes demand out into Q4 and the delta variant still alive and well. First time signings hit another covid low of 281,000 a drop of 10,000 on the prev wk.

Gold ticked up in mid'day trading as losses on the USDX and a downbeat US GDP report prompted buyers at $1800. Stocks hitting further record highs put a brake on Gold's advance as t/bill yields were flat at 1•570%.
Crude traded at a 2wk low as Iran said they would resume talks with World powers about their nuclear program and hopes of lifting sanctions by year end. Brent traded off 31c ($83•55).

DJ +249 (35,730)
SP +45 (4596) R
NS +180 (15,778) R
R2 +25 (1379)
WTI $82•84
10ytb 1•586%

MSCI(W) +27 (3179)
Gold Bugs -5 (256)

Latest:- Oil $83•89. Vix 16•53.
Gold $1798. Copper $4•432.
Palm $1370. Silver $24•000.
$1•379. €1•182. Yen 113•634.
Yuan 6•390. FF -6. DF -18.
Morning all.

Hi LH, yea I'm snookered behind the black ball atm and am seeking some cash to buy at this bogof price.

Stocks on the Dow, 500 & small caps pulled back from record highs on profit taking. Going the other way big tech drove the Nsdq higher on better than forecast nos from Google, Msoft & Advanced Micro Devices all topping revs and earnings estimates. Ford beat Walls nos and will restore a 10c dividend in Q4. Boeing missed Q3 nos stock fell $3 to $207.

The World Gold Council reported in its trade report that demand for bullion dropped 7% on weak investment demand in Q3 dropping to 831 tonnes, almost exclusively due to EFTs. However Central Bank purchases remains strong and topped 69 tonnes.

Oil slipped despite Cushing stockpiles at the lowest since 2018 which likely floors Brent at c.$80 with many seeing $100 next year which could coincide with gold topping $2000. There's a correlation between oil & gold, both being $ denominated so as crude prices rise so does inflation making Gold a good hedge. Well, that's one theory.

DJ -266 (35,491)
SP -23 (4552)
NS +39 (15,598)
R2 -27 (1353)
WTI $80•96
10ytb 1•560%

MSCI(W) -15 (3152)
Gold Bugs -1 (262)

Latest :- Oil $82•00. Vix 16•98.
Gold $1801. Copper $4•364.
Palm $1400. Silver $24•165.
$1•374. €1•184. Yen 113•554.
Yuan 6•398. FF +4. DF+56.
Morning all.

Ain't it bloody typical the stock I dumped to buy into PAT, has almost doubled in value while PAT has fallen 30%. That clumsy move has cost me c.£10k making it much harder to recoup losses. I thought the huge debt the Co carried (c.equivalent to shareholder funds) would be a consistent drag on the sp (it did for 3 years)..... suddenly no longer applies!

If there's a moral to this don't trust the fundamentals for one minute debt is bad then no it ain't, debt is good. My fault for not sticking with the company
a few months longer or keeping half or.... and round & round we go.

Key shareholders in PAT own a declared 53•77% or 48•9m shares. This leaves around 42m shares under the declaration level. No way of telling how many pis or small funds own stock as these are nowdays held in broker nominee accounts.

Whatever the loose float i guess could be c.20m shares if we allocate 22m shares in pis and funds long'term hands. That's a very small amount in this day and age when many junior explorers issue stock like confetti diluting holders stakes in their company.

When you consider the outstanding issue in ORR of 1•9bn I'd guess there are many hundreds of millions of loose stock looking for buyers. That's a huge millstone weighing on the Co when and if they start reporting EPS, ROC & Book value per share etc. As someone once said .....

"when management have to make the nos they might just make up the nos."

They sure can rugs, it's heads they win, tails I lose....always the way these days. You have to hang in to have any chance and I'm good at hanging in if backed into a 10p corner.

The London mrkt is proving my nagging personal theory that it's like rat poison squared. Caveat emptor & all that.

Allenbys sp upgrade to 31•4 takes the mrkt cap to £28•3m following the Labolla first phase MRE. With c.30k feet of drilling ahead with poss 1m+ ozs a read across could see PATs valuation in the £90m range.

Of course that's all speculation
atm and along with NAVs often far higher than the sp indicated mrkt value PAT might be priced c.40-50p, just my guesstimate. That's still a healthy 388% lift from current and 59% up on Allenbys target price 31•4p.

Whichever way you read the nos PAT looks to be significantly undervalued.
Whether the mrkt agrees we shall have to wait and see. I have seen some soft resource stocks with sp's well under 100 and NAV at 600p! You'd think there would be a lockstep between the two but they travel in different directions. The mrkt is a very perverse place at times.

Good post Ed. Never wrong to spread ones risk especially from an Aim explorer into more safe haven...ish assets. I'm pretty much 100% in Pat.... my 'last stand' so to speak. Time will tell if I have chosen right. Tech has been a no no for me for ever and a day excepting I bght Ideagen in the low 70's on a tip from a pal selling out at 186 to go into something else. Idea cont to power up into the 300s...grrrrr!
Gluck.