Member Info for lignumvitae

hinkais: I think that Anglo Saxony Mining is billed to be a polymatallic mine. Baker Steel are invested here & they are no mugs. This will happen & nobody can call it an unsafe jurisdiction. Only a minor part of Panthera's value at the moment but, as the saying goes, "Big oaks from little acorns grow"

PI's have done a lot of very good research on the Bhukia court process.
But where is the RNS. The board will be well aware that it is speculation on Bhukia that has driven the SP materially higher & now the reaction so we should have an RNS. Let the BOD tell us the facts as they see them.
Unless, that is, there are further discussions or negotiations taking place behind the scenes.

This company & its visionary & very capable CEO find themselves in the right place at the right time.
Potentially very significant share price gains ahead.

Looks to me as if the serious money is now moving into ARS. Point being that they will be aware that there will not be an entry point here via a cosy discounted placing.
All we need is for the deal to be signed off & then PI's will be secure in the knowledge that they own a chunk of a well financed mining company poised to ride a copper super-cycle.

PI's in Sosander seem very hard to please. An announcement that is full of positives & the SP is down.
But Sosander is approaching "Escape Velocity" & achievement of this should be very positive for the shares.

sorry - Should read "wide range of quality projects ...."

So, i check on this and think; "Wow, its risen a lot". Then i look at the market cap and see that it is still only £14m.
Conclusion: If Panthera delivers on the promise that its wide range of quality implies then there is a lot further to go.
Time will tell but "so far, so good".

In October 3,339,806 shares were issued to contractors at 5.15p in satisfaction of their services.
I think it is a reasonable assumption that these have/will be sold into the market.
This is an inevitable trade-off for PI's. If contractors will accept shares at the prevailing price then it is clearly more advantageous to the company & by extension PI's than raising funds via a discounted placing with costs attached.
Hopefully upcoming news will drive the share price usefully higher so that transactions such as this are at a higher SP = lower dilution to existing PI's.

Per the most recent Align Research note there were warrants outstanding to potentially raise £2m at exercise prices of 4p - 6p & 8p.
The raising to purchase the project was 333,333,329 @ 6p with warrants attached on a 1:2 basis exercisable at 8p = 16.666m raising potentially £1.333.
Also, since the Align Research note £70K has been raised by exercise of the 4p warrants.
So, leaving aside the 8p warrants some £600K only remains to be raised from the 4p & 6p warrants.
So i don't think that there is too much for PI's to worry about here.

Sorry but MMs do not simply match buyers & sellers. That is a restricted market, known as "matched bargains". Yes, they will aim to keep a balanced book for their own protection but they are there to make a market. That is their function. So, if an institution or large holder, way outside normal market size wishes to sell their holding then a price will be quoted but outside the prevailing bid/offer spread. This can create a stock overhang which may take a while to clear. It happens quite frequently.

Clearing out an old pile of papers and came across an FT for Sat 29 September 2012.
REA: Price £5.01 Year High: £7.35 - Low: £4.28
This has no relevance other than to show [a] Where it has been before & [b[ Where, with a fair wind, it could go to again.

Question: Is this excellent news ?

Answer: Yes, it is

The jury is the drill bit. This isn't like taking your Black & Decker to drill a couple of holes to put that kitchen shelf up. It isn't instantaneous - it takes a bit of time.
BUT: If the jury comes back with a verdict of a considerable copper resource then i am afraid that the Judge will be sentencing all PI's to massive %age share gains.

All that is required for a share to go up is for there to be more buyers than sellers.
Holders will be reluctant to sell or try to trade, even if they feel that the shares are currently up with events. They will have seen how sellers of ITM & Ceres now curse themselves.
Conversely green money needs to find a home & some will find that home in AFC.
So my advice (to myself) is to sit tight & enjoy the ride.
C

There has been a lot of talk about the UK / USA special relationship & the potential for a super-duper trade deal (Ha - HA !) yet the DTA remains in the Ark. This is a master/servant relationship where we are the servant.
Nonetheless hold Somero for capital appreciation. In the USA post-covid & post-Trump landscape they should thrive.

Now that Mr Ryan has sold his 70m shares & can afford to pop down to Aldi to stock up his store cupboard there seems no good purpose in him remaining a director. After all he clearly has no faith in RMS future prospects.

Very good stuff Nobull - As to generally efficient markets then i have to say that i do not believe in them. Markets get pulled every which way, overreacting on the upside & downside & mispricing often persisting for long periods. The market is full of them. Maybe the prefs are the more cautious bet at present - sharply higher on director buying but i strongly believe that the changed fundamentals will filter down to the ords. Maybe it will take a trading statement for that to happen. For the record i hold both ord & prefs.

The reason that the share price is not moving Northwards is twofold:
[1] Inadequate buying interest. This stock is just not on the radar &
[2] MM's well supplied with stock due to large holders & institutions reducing their holdings over the summer [just read the RNS']
= STOCK OVERHANG.
Assuming that the CPO price remains strong the overhang will steadily clear & that is when we will see the fireworks.

Smiller: Well , SP @ 3p would represent a market cap of some £100 & so would require excellent drilling results from Hope & drilling of the allied acreage. That is possible but obviously not guaranteed. Clearly there is a sense within the company that they may have happened upon a significant copper prospect here. Traders may well wish to take early profits if the opportunity arises - Investors, on the other hand will study the drill results carefully and assess whether they represent a company maker.

It is strong buying, often in size, that has driven the price higher.
I do not believe that this reflects imminent drilling news, i think that we are a bit too early for that, but a general sense of optimism driven by recent announcements, viz:
RNS - 6 Nov: The taking by KPZ of the $250,000 due in shares at .25p was the equivalent of a fund raise with no costs attached & a clear belief by KPZ of value going forward.
RNS - 10 Nov: The issue of options exercisable at .425 & .565 represents a clear belief by Colin Bird, et al of significant share price appreciation ahead driven by [1] the Hope drilling campaign & [2] the AsiaPhos listing.
RNS - 13 Nov: The MMIH + Mankaya update
I think that investors are picking up on a sense of optimism, even excitement from the company & possibly early indications of the drilling are leaking out.
Nothing is guaranteed in this world but i believe that PI's booking the short-term gain may well be in danger of missing out on the really significant [potential] gains ahead.