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Nothing goes up in a straight line as they say, and so hardly surprising to see a temporary pull back in sp as punters take some profit on such a stellar rise over the last few days....and now looks perfectly poised for another surge North from this new support level...especially in anticipation of potential imminent good news from Newmont....Gla Holders On and UP!!! ;-)

Perfectly poised for the next leg up.......news from OMI/Newmont coming soon. Gla ;-)

9/7/19

Start of Exploration Activities in Colombia

Exploration activities at the Anzá project have been initiated within the scope of the Exploration Agreement with Venture Option with Newmont Colombia SAS, a subsidiary of Newmont Goldcorp ("Newmont"). The Company has already relogged 2,400 metres of the drill core from an area north of APTA. This is the area where a new broad zone of gold mineralization covering a continuous strike of 450m was discovered by Orosur during the 2018 drilling campaign. Geophysical and geochemical reinterpretation is now planned at the Anzá project. The objective of this initial activity, which requires no field work, is to update the geological model, in conjunction with Newmont.

an immediate capital injection of £500,000 at 10 pence per share....Gla ;-)

Accordingly, despite the acceleration of part of the RIM Tranche 3 financing, Panthera remains well situated with respect to future funding to rapidly recommence exploration at Bhukia upon grant of the required PL. The combination of the future Galaxy investment and the RIM Tranche 3B financing will provide approximately A$2.6m (US$1.8m, GBP £1.3m) at the appropriate time to begin drilling out Bhukia's 6.7Moz exploration target as defined by the Geological Survey of India.

The 5,000,000 New Ordinary Shares are expected to be admitted to trading on AIM on or around 21 August 2019. Following the issue of the New Ordinary Shares, the number of Ordinary Shares in issue in the Company will increase to 72,605,556.

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued Ordinary Share capital of Panthera following this allotment consists of 72,605,556 Ordinary Shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Panthera under the DTRs.

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Panthera Resources (PAT)
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Thursday 08 August, 2019
Panthera Resources
Republic Investment Financing Restructured
RNS Number : 3195I
Panthera Resources PLC
08 August 2019


8 August 2019

Panthera Resources Plc

("Panthera" or "the Company")

Republic Investment Management (RIM) Financing Restructured



Panthera Resources plc (AIM: PAT), the gold exploration and development company with assets in India and West Africa, is pleased to announce it has negotiated a restructuring of the previous agreed financing package with RIM, which will result in an immediate capital injection of £500,000 at 10 pence per share. The Company has agreed to issue 5,000,000 New Ordinary Shares to RIM and its co-investors.

Highlights

· The previously agreed RIM financing will be restructured to split the Tranche 3 capital injection into two separate investment tranches.

· Tranche 3A will be invested immediately for gross proceeds of £500,000 at 10 pence per share. The payment timing for Tranche 3B will be made (as previously agreed) upon receipt of approvals to recommence exploration at the Bhukia JV project in India. Tranche 3B is now to be priced at a 15% discount to the 20 day VWAP at that time.

· This financing is a prudent move to sure up the company's balance sheet in response to delays to the permitting of the Company's Bhukia JV in India.

Geoff Stanley, Managing Director said "Panthera Resources has worked diligently to negotiate multiple financing options that are integrated with its project development requirements, particularly as they relate to India. This successful financing is an excellent example of the success that can be achieved with supportive shareholders who share the Company's vision for value creation."

Funding Context

The RIM Tranche 3 financing was originally intended to provide initial funding for the recommencement of exploration drilling at the Bhukia JV upon grant of the prospecting licence (PL) and necessary environmental and forestry permits. The original Tranche 3 size was A$2.7m (£1.5m). As the PL grant has been further delayed, but protected by a Court Order, Panthera's capital budgeting has been negatively affected, necessitating this capital raise.

Additionally, subsequent to the original RIM financing, Panthera finalised a transaction with Galactic Gold Mining Pvt Ltd (Galaxy) in December 2018, which is also designed to provide funding for the recommencement of exploration at Bhukia. Galaxy has currently invested US$500,000 and the agreement requires Galaxy to invest a further US$750,000 to purchase another 5% stake in Panthera's Indian operating company, Indo Gold Pty Ltd.

Accordingly, despite the acceleration of part of the RIM Tranche 3 financing, Panthera remains well

Orosur Mining Inc.
Exchange: TSX Exchange
$0.13
Aug 6, 2019, 3:59 PM EDT
0.08 (160.00%)
Vol: 1,393,202
Real-time price

Probably because good news is expected and the sp is re-rating as investors move in, in anticipation....On and Up!!! Gl :-)

9/7/19

Start of Exploration Activities in Colombia

Exploration activities at the Anzá project have been initiated within the scope of the Exploration Agreement with Venture Option with Newmont Colombia SAS, a subsidiary of Newmont Goldcorp ("Newmont"). The Company has already relogged 2,400 metres of the drill core from an area north of APTA. This is the area where a new broad zone of gold mineralization covering a continuous strike of 450m was discovered by Orosur during the 2018 drilling campaign. Geophysical and geochemical reinterpretation is now planned at the Anzá project. The objective of this initial activity, which requires no field work, is to update the geological model, in conjunction with Newmont.

A reverse takeover or reverse merger takeover (reverse IPO) is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public.

The transaction typically requires reorganization of capitalization of the acquiring company.

Sometimes, conversely, the private company is bought by the public listed company through an asset swap and share issue.

.................................................

28th June 2019

Simon Duckworth, Non-Executive Chairman of Adept4, commented:

"Having returned the business to modest levels of monthly Trading Group EBITDA profitability with a reduced cash burn after plc and debt service costs, the Board has more recently been able to focus on taking positive steps to return the business to growth. Good progress has been made in this regard and we look forward to updating shareholders on our future plans in due course."

What is clogging up India’s district courts?

24 Jul 2019, 10:30 PM IST Sriharsha Devulapalli, Vishnu Padmanabhan

A shortage of judges is behind the increasing backlog of cases in lower courts across the country, according to National Judicial Data Grid records

New Delhi: India's slow wheels of justice are slowing down the economy. Such is the magnitude of the problem that the last two economic surveys authored by two different chief economic advisers have dedicated entire chapters to it. Much of the discourse around India’s pendency problem focus on the delays in high courts and the Supreme Court. Delay in these courts matter because they deal with high-profile cases but the root of the problem lies in India’s lower courts. Nearly 90% of all pending cases in the country come from India’s lower courts (district and subordinate courts) which are the first port-of-call for most legal disputes.

As part of a broader effort to digitize court records, the Supreme Court launched the National Judicial Data Grid (NJDG) in 2015 to track judicial performance across different courts in the country. Among original cases (i.e., new cases registered at the courts), more than half the cases (56%) in India’s lower courts are disposed of within a year, the database shows. Much of this is because around half the cases registered in courts are either dismissed without trial (21%), transferred to another court (10%), or settled outside the court (19%).

............................

To improve this infrastructure, the 2018-19 Economic Survey recommends creating a specialized service called the Indian Courts and Tribunal Services (ICTS) which would provide critical administrative support to Indian judges. This, the surveys argue, would allow judges to devote time to judicial activity while the ICTS could focus on streamlining processes and reducing case-related delays.

https://www.livemint.com/news/india/what-is-clogging-up-india-s-district-courts-1563952086072.html

The 30m trade is definitely a buy imho....i bought 3,583,725 just over a minute beforehand which is listed as a sell.....great timing i reckon. Gla :-)

High Court of Rajasthan- Rajasthan High Court Principal Seat Jodhpur

Back

Rajasthan High Court Principal Seat Jodhpur

Case DetailsCase Type: CW
Filing Number: 36276/2018Filing Date: 01-09-2018
Registration Number: 13521/2018Registration Date: 05-09-2018
CNR Number: RJHC01-060720-2018

Case Status

First Hearing Date: 
Next Hearing Date: 18th October 2019
Stage of Case: FOR ADMISSION - NOTICE SERVED
Coram: 1645Bench: Single BenchState: RAJASTHANDistrict: BanswaraJudicial: M/B WRIT SECTIONCauselist Name: Daily

Petitioner and Advocate1) METAL MINING INDIA PVT. LTD.

    Advocate- VIKAS BALIA DINESH PAL SINGH CHARAN,ASHOK CHOUDHARY,PRAMOD VYAS

Respondent and Advocate1) STATE OF RAJASTHAN

2) DIRECTOR
    Advocate -SANDEEP SHAH    
3) UNION OF INDIA
        

Acts

Grrrrrr....a bit more Tick Tock until Booooooooom!!! Gla :-)

https://hcraj.nic.in/hcraj/

A  done deal??? Gla holders...On and Up and Up and Up and Up!!! :-)

That should read LAST chance!!! Tick Tock:-)

Everything firmly crossed opulentia for a successful conclusion and a massive re-rate on permit license approval. Gl :-)

Ps maybe kart chance to get in at this current bargain low, with any luck....On and Up!!! :-)

Could be a very interesting and very exciting day ahead in anticipation of game changing news......Rajasthan is 4.5 hours ahead, and so news could arrive early tomorrow. The High Court ran out of time to hear Panthera's case 8th July, and so maybe tomorrow's rescheduled hearing has been given an early slot.....Gla Holders Tick Tock BOOM!!! ;-)

Everything firmly crossed opulentia for a successful conclusion to this Thursday's High Court hearing .....and hopefully a mere formality for the rightful legal award of Bhukia's exploration permit, now that we know that the State of Rajasthan had failed to reply to their "Last opportunity " given by the High Court judge 6th May....and so highly likely that the new administration no longer have any objections or any legal valid reasons why the Permit shouldn't be approved, especially now we have Galaxy and Hunch Capital's investment along with their planned BSE listing.....Gla holders....Permit approval will take the market by storm and Panthera's sp fly BIG TIME....Tick Tock Booooooooom!!!! :-)

A  couple of nice chunky delayed buys for 146k and 210k just popped up...the smart Money is accumulating. Gla :-)

Top riser beckons, in anticipation of significant UPSIDE on confirmation of Permit approval. Gla :-)