RE: Interview13 Sep 2022 16:27
Not sure if its 'preferred Canada'....meant far less dilution for Panther UK shareholders and focus on an area that is starting to develop and will continue to do so over the next 3-24 months with many serious companies.
Owning over 30% of the Australian asset without raising money for that project in the UK also allows for less dilution in PALM. When the share price rises in Australia - Panther UK can sell to fund any requirements in the UK or Canada once out of the lock-in period.
Granted raising funds at this level isn't good but it's done, and investors have the opportunity to buy under that price (not for long) which is a no-brainer in my opinion! Sells will quickly diminish, and buyers are soaking and building.
Radio silence is starting to end, and my guess is a lot will be discussed in the weeks ahead....including drilling contractors and a comprehensive drilling campaign that will have assays one after another unlike most AIM companies that do a drill campaign and come back 6-9 months later after raising again. Cant see Panther raising again with Fulcrum Metals spin out, £1m in the bank and warrant conversion on drilling success and the significant investment the company holds in Australia.