Member Info for Moneymunch

On and Up!!! Gla :

Ps An additional $750k cash from Galaxy and Hunch on permit approval and £1.5m cash from Panthera's strategic investor, Republic Investments with all approvals in place prior to recommencement of exploration work, to add significant upside and anyone's guess on how much value from Galaxy's BSE listing.....it's going to be BIG!!! Gla holders Tick Tock Boom!!!! :-)

Lol....there are no certainties in this game, but Panthera's stellar rise in sp from sub 2p this year, along with Galaxy's investment and new impetus and direction from the newly elected Modi Government suggests that Panthera's chances to the rightful award to Bhukia's permit license has never looked stronger and the market and those invested should know the outcome within the next 6 weeks or so ......Panthera was the best performing listed share Q1 2019 and I suspect you clearly missed out on their stellar rise ho ho ho ho ....and if the permit license is approved , Panthera will.very likely be the best performing share of 2019 and beyond.... ...the Smart Money is holding tightly for the potential multi-bag ahead......watch this space....Gla holders.....potential transformational upside fast approaching!!! :-)

All the ducks are lining UP nicely for a very successful conclusion to the rightful award of the exploration permit license for the World Class Bhukia gold prospect with its 1.7m Oz JORC compliant resource and staggering 6m Oz resource target.

The newly elected Modi Government, along with the implementation of the new Indian mining policy are now committed to re-ignite its reforms agenda to push growth, tackle critical issues like creating more jobs, usher in more tax-friendly laws, strengthen India's position in global trade and create a more conducive environment to attract Foreign Direct Investment in critical segments like mining.

Confirmation of the second cash tranche payment from Galaxy and Hunch Capital Ventures is the strongest indication of their confidence that their extensive technical and legal due diligence is on the Money, especially with the planned BSE listing which will allow the participation of Indian investors and institutions in Bhukia's development which no doubt will create many jobs and greatly benefit India's economy.

Panthera's next High Court hearing is scheduled for 8/7/19 and the State of Rajasthan has until 17/6/19 to come up with a valid reason why the permit shouldn't be approved, where previously their objections were on extremely spurious grounds and legally according to the Indian legal system, Panthera had every right to the permit, and so given the new impetus and direction from Modi's Government as well as Galaxy and Hunch inclusion and their planned BSE listing, there's every chance that the permit will be finally awarded to Panthera.

Confirmation of permit approval along with the BSE listing will add considerable value from Panthera's current £7m market cap and 67.7m shares in issue and offers truly breathtaking UPSIDE to those invested if all goes well. Gla holders...Excitement building, Momentum building....On and UP!!! :-)

Besides, transfer of leases of captive mines would also be allowed without payment of 80 per cent royalty.

The package could also deal with lowering of taxes on the mining sector.

The effective tax rate in India is 64 per cent for existing mines and 60 per cent for new mines granted through auction. This compares with as low as 31.3 per cent in Mongolia and highest at 45.5 per cent in Indonesia, as per a report from Federation of Indian Mineral Industry (FIMI).

These taxes include corporate tax, CSR, dividend distribution tax, royalty, District Mineral Fund (DMF) and national Mineral Exploration Trust (NMET).

Inadequate exploration, need for investment to increase exploration activities, high level of taxes, royalty, license fee and environment and forest clearances remain a big hurdle for the mining sector in the country. The package would address a lot of these issues through fiscal and non-fiscal sops.

Budget booster on anvil to lift mining sector

IANS | New Delhi | Last Updated at May 27 2019 21:56 IST

A booster dose of support for the mining sector is expected from the new government in its budget proposals to be presented around July 10.

Mining has been identified as a critical activity that needed a big push to help other capital intensive and employment generating industries. The sector has been braving a slowdown that has seen declining investment and production.

Informed sources here said that the mining package in Budget 2019-20 would revolve around allowing existing operations to flourish, while giving sops to boost new operations.

In this regard, all operational non-captive mines may be allowed lease extension of 10 years beyond 2020 with another 20 years extension to be considered beyond this period.

A high level committee set upon by the Niti Aayog is also evaluating the issue of extension of mining leases and is likely to submit its report to the new government soon after the ministers takes oath. This, sources said, would allow the proposals to be included in the forthcoming Union Budget.

Besides, a mining regulator would be set up at both central and state levels to regulate mining activity and prevent illegal mining from flourishing. Though the contours of the mining regulator would be finalised later, it is expected to be a ctwo-tier structure with the National Mineral Regulatory Authority at the Centre and state mining regulatory authorities to cover minor minerals at the state level.

In respect of extension of mining leases, the plan is to equate operations of captive, non-captive and mines controlled by government companies. While existing mining operations in captive mines can continue till March-end 2030, the same was proposed to end by March 31, 2020 for non-captive mines in the private sector.

Government companies were allowed extension of existing mining leases for 20 years at a time beyond the stipulated period of 50 years.

The government is set to change this by extending all private sector mining leases till March 31, 2020 and thereafter extending the lease for a further 20-year period. These changes would give a fresh lease of life to about 329 mines in 10 states that were facing closure by March next year under current regulations.

According to the sources, mining would also be given a level playing field by ending the reservation of areas for government entities. Also, areas that are yet to be developed by government companies can be put to auction for all interested entities in government and the private sector. P

A proposal is also being considered to allow the private sector in beach sand mining.

The mining package would also make it attractive for overseas investors to participate in mining activities in India. This would be done by allowing transfer of existing non-captive mining leases (granted other than by auction) in any merger and acquisition activity in the secto

"India will be an enormously big trading partner for Australia in the future,"

https://www.forbes.com/sites/timtreadgold/2019/05/24/australias-re-elected-government-pushes-for-the-fast-approval-of-an-indian-owned-coal-mine/#1761eccb4949

This could be good news for the Aussie led Panthera and Galaxy's chances for Bhukia's permit approval. Gla ;-)

Adani mine could start by mid-June

Queensland Bureau Chief

Updated May 24, 2019

Indian energy giant Adani could begin construction of its controversial $2 billion Carmichael mine within three weeks after the Palaszczuk government announced its final deadlines for environmental approvals.

In what could be the end of a decade-long struggle to gain approvals for the thermal coal mine in central Queensland, Premier Annastacia Palaszczuk on Friday said the deadline for the final two environmental approvals would be resolved by mid-June.

Sounds like fun opulentia and have a good one, i'm away on a weeks holiday tomorrow with the family but will still be looking in. :-)

It's about time they got things sorted and give Panthera and Galaxy the permit license and let them get on with Bhukia's development, which will create many jobs and provide business contracts to a myriad of service and supply companies and offer so much to the Indian economy with home grown gold going to Indian refineries etc, and with Galaxy raising the funds needed through their BSE listing, no doubt there will be no shortage of takers given the 1.7m oz Jorc Compliant resource and staggering 6m oz plus resource target.......it's going to be BIG!!! Gl ;-)

Election Results: Corporate India rallies behind victorious Modi, calls for more reforms

Last Updated: May 23, 2019 | 21:38 IST

Election Results: Corporate India rallies behind victorious Modi, calls for more reforms

Corporate India has welcomed Narendra Modi's re-election and wants the NDA government to continue pro-business policies like Make in India and Ease of Doing Business.

"The decisive election results will propel India's growth pace to the next orbit and drive the transformation of the country," said Vikram S Kirloskar, President, Confederation of Indian Industry (CII). The industry association said a focused and comprehensive agenda for addressing corruption has delivered outstanding results in the last five years. Game-changing reforms such as the introduction of Goods and Services Tax (GST), Insolvency and Bankruptcy Code, lowering of tax rates for small enterprises, ease of doing business and so on, have created the right environment for industry to flourish.

"The continuity and stability at the centre will not only allow the government to continue with the pace of reforms set by GST, IBC and RERA, but it also brightens the chances of extending the reform mode to other critical areas like land and labour laws," said Sandip Somany, President, FICCI. He said there is an urgent need to bring investments on track and boost consumption to better GDP growth from the current around 7 per cent level, which will help in generating more jobs and taking care of rural distress.

The government will now re-ignite its reforms agenda to push growth, tackle critical issues like creating more jobs, usher in more tax-friendly laws, strengthen India's position in global trade while protecting domestic industry from dumping and create a more conducive environment to attract Foreign Direct Investment in critical segments like mining and Oil and Gas, said Anil Agarwal, Chairman, Vedanta Resources.

"Given India's rich and diverse geology, it is the right time for the country to have a mining revolution. The sector has the potential to take its contribution to overall GDP from the current 2 per cent to 10 per cent, plug imports of non-essential metals and minerals, and generate millions of new jobs," he said.

As we await news from India , news could drop at anytime on Panthera's highly prospective West African gold prospects which could add significant value, but it's Panthera's 17.2% interest in Anglo Saxony Mining ("ASM") which could surprise all. News of their ongoing feasibility study on their German Tin deposits are expected in the coming weeks where resource potential is estimated at 217,000 Tons, amongst the largest undeveloped tin resource in the world.

Tin is priced at $19.65 a Kg and there's 1000Kg in a Ton, that gives a resoucre potential of over $4.2 Billion and given the $7 Billion plus gold resource potential at Bhukia, not to mention West Africa's potential, then Panthera's current market cap of £7.3m obviously offers an amazing opportunity for some breathtaking upside as good news rolls in. Glas Holders.....Very exciting times ahead for all invested. ;-)

https://uk.advfn.com/stock-market/london/panthera-resources-PAT/share-news/Panthera-Resources-PLC-Anglo-Saxony-Mining-Ltd-S/79428577

markets

Stocks, Bonds Jump as Early Trends Show Modi Winning India Polls

May 23, 2019, 4:41 AM GMT+1 Updated on May 23, 2019, 5:27 AM GMT+1

BSE Sensex, Nifty climb to new highs amid broad market rally

Benchmark bond yields drop to lowest level since April 2018

Indian equities jumped, sending key indexes to new records, as early trends showed Prime Minister Narendra Modi heading toward winning a second term. The rupee and sovereign bonds also advanced.

The benchmark S&P BSE Sensex climbed 2% to 39,882.22 as of 9:26 a.m. in Mumbai, while the NSE Nifty 50 Index gained by the same magnitude. The rupee strengthened 0.3% to 69.4625 per dollar, while the yield on benchmark 2029 bonds slid six basis points to 7.2%, set for the lowest since April last year.

Investors are cheering Modi’s likely victory as it puts to rest concerns about the prospects of a coalition of opposition parties forming the government when markets are wrestling with slowing economic activity and the U.S.-China trade tensions. Optimism that Modi will boost reforms in the second term will likely attract more foreign inflows to what is already Asia’s top destination for overseas cash this year.

Rupee, bonds performance in Modi's first term

“Foreign investors have been positioning themselves for a Modi victory,” said David Cornell, London-based chief investment officer at Ocean Dial Asset Management. “India is heavily under invested given the size of the economy and the opportunity it offers. Any indication that Modi will use his re-election to bolster his reformist agenda will trigger more inflows.”

"If this trend continues, everyone should be happy to have a stable government in place as the economy demands stability,” said Sushant Kumar, an equity fund manager at Raay Global Investments Pvt. in Mumbai.

No respondents were present 24/4/19 hearing, and then a stand in for the Acting Advocate General for the hearing on 6/5/19 , and then following pleas for an adjournment , leaves the High Court Judge with no other option than to order a "Last opportunity" for a reply within 6 weeks.

Presumably if no reply is forthcoming, then the permit license will be awarded, and there's also every chance that the new administration will be much more sympathetic to Panthera's claim but are waiting for the Indian elections to be concluded.

Galaxy and Hunch have carried out their own extensive technical and legal due diligence on Panthera's rightful claim and the High Court has been supportive of their legal rights to the permit, and so given the rejection of their legal rights by the previous administration on extremely documented spurious grounds, a successful and timely conclusion looks stronger than ever.

6/5/19
HIGH COURT OF JUDICATURE FOR RAJASTHAN
JODHPUR
S.B. Civil Writ Petition No. 13521/2018
Metal Mining India Pvt. Ltd.
----Petitioner
Versus
State Of Rajasthan
----Respondent
For Petitioner(s) : Mr. Vikas Balia.
For Respondent(s) : Mr. Digvijay Singh for Mr. Sandeep
Shah, AAG.
HON'BLE MR. JUSTICE P.K. LOHRA
Order
06/05/2019
Learned counsel for the respondent prays for adjournment to
file reply.
Last opportunity of six weeks is allowed for filing reply.
List on 8th of July, 2019.
(P.K. LOHRA),J

Nick Spencer's Linked in profile.....is " and manage the merger listing process" a reference to Panthera's Indo Gold Ltd participation???

Managing Director, Founder
Galaxy Gold Mines & Investment
January 2017 – Present 2 years 5 months

New Delhi, Mumbai, Bangalore, Brisbane

GALAXY GOLD MINES

Consolidated a portfolio of quality Indian gold mine projects with an experienced team of gold mining professionals and technology groups and strong local partners. Now in the process of listing the group onto the Bombay Stock Exchange. Responsible for the new business structure and team, gold project selection and negotiation of term sheets, recruitment, arrange funding and manage the merger listing process. A unique new listed gold business for India. A culmination of 12 years work in the Indian gold industry. Also advising the World Gold Council on gold mine development in India.

That would make perfect sense opulentia and i expect the Bhukia gold license is integral to their listing plans,, and i wouldn't be surprised if there are some leading Indian players already with a vested interest in proceedings, which can only add extra weight to Panthera's rightful claim and the award of the permit, and therefore the listing will most likely happen with the permit approved to create the highest demand etc, although the listing process takes time and so we could get an update confirming their plans and a date before the high court hearing, which would definitely get the market excited. Galaxy have other gold prospects in India and one in Tanzania but the icing on the cake for a successful listing and to take the market by storm would obviously be Bhukia, and Panthera's value could sky rocket on the back of it. .........Excitement building, Momentum building. Gl ;-)

Yes indeed opulentia, something very big, Panthera are all set to the star share of 2019 and beyond on permit license approval........only 4 weeks left to the "Last opportunity" for the State of Rajasthan to reply to the court order 6/5/19 and 7 weeks to the High Court hearing listed 8/7/19, during which time news of Galaxy's BSE listing could arrive. Gl ;-)

ps Geng, you keep looking into the gap and we'll continue watching the sp rise. ;-)

Ps 50p a share gives a market cap of a modest £34m....Tick Tock Boom!!! ;-)

3 x times sp would only equate to a market cap of £22m.....cheap as chips and the bargain of the century on a 1.7m Oz JORC compliant resource, not to mention the 6m Oz resource target.......with gold at $1,250 plus an Oz....it's going to be BIG!!! :-)

11p about to go , 15p plus before you know it....in anticipation of the potential multi-bag upside ahead. Gla holders....Exciting times. :-)