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Tick up coming...Gla holders....FILL YA BOOTS!!! :-)

Lol..skier the numptie along with a few others all missed out big time when they were predicting 1p when the sp was at 2p just before the stellar rise to 15p a...ha ha ha....we now have a further 4 weeks for Galaxy's second $250k payment and I fully expect to see the sp recover accordingly in the coming days and next few weeks in anticipation....Gla holders, a slight day in proceedings only. :-)

A slight delay in proceedings and an indication of confidence of a successful conclusion in today's update...I'm holding firm for the the potential multi-bag ahead. Gla holders...All good things....:-)

It speaks of attracting private investments in exploration within the ambit of auction regime, through Right of First Refusal at the time of auction or seamless transition from Reconnaissance Permit to Prospecting Licence to Mining Lease or any other appropriate incentive as per international practice.

-- The NMP also states that special attention would be given to the prospecting and exploration of minerals in which the country has a poor resource-cum-reserve base despite having the geological potential for large resources. Energy critical minerals, fertilizer minerals, precious metals and stones, strategic minerals and other deep-seated minerals would be considered under this ambit.

-- Clearances for grant of tenements would be streamlined with simpler, transparent, accountable and time bound procedures to facilitate exploration in order to conform to the statutory requirements especially for geologically complex deposits.

-- Merger and acquisitions of mining entities and transfer of mining leases granted transparently will be encouraged by introducing appropriate incentives in existing laws

Other elements of the Policy include:

-- Government will establish a Mining Tenement System (MTS) which would primarily involve automating the entire concession life-cycle

-- Baseline and mineral exploration data generated by various government agencies as well as mineral concession holders will be collated and maintained for open dissemination as a public good.

-- Attracting foreign investment in the mining sector will be encouraged by appropriate mechanism. A long-term export-import policy for the mineral sector would provide stability and prove to be an incentive for investing in large scale commercial mining activity.

-- Special attention would be given to the protection and welfare of those people affected by mining projects. A mechanism will be evolved which would actually improve the living standards of the affected population and ensure them a sustainable income.

Indian Elections and the Writ Petition Hearings in the High Court of Rajasthan, Jodhpur

Indian elections were announced on 12 March and will occur between 11 April and 19 May. Because of the size of the Indian democracy the elections are to be held in seven phases, with results to be known on 23 May. Once elections are announced in India, election rules prevent the incumbent government from enacting any meaningful legislation or making significant decisions, which has the effect of stalling progress on many fronts.

While the Courts are not bound by these rules, it is unusual for them to make major decisions in cases such as ours which involve the Government. Our case is scheduled for 15 April and because it falls during the period of the elections, it is reasonable to expect that our case will be rescheduled for a date following the elections. In the meantime, our very strong Stay Order remains in place and protects the rights of the joint venture over the

01 April 2019

Panthera Resources Plc

("Panthera" or "the Company")

Update on Galaxy Partnership, Indian Mining Policy and Rajasthan High Court Case

Panthera Resources plc (AIM: PAT), the gold exploration and development company with assets in India and West Africa, is pleased to provide an update on the Galaxy Partnership progress, potential favorable changes to the Indian Mining legislation and implication of the recently announced Indian elections.

Highlights

-- Galaxy has advised Panthera that the second payment due under the Partnership Agreement by 31 March 2019 (see announcement dated 20 Dec. 2018) will be sent by the end of April 2019. This minor delay is due to administration and process issues associated with the Indian financial year end (31 March) for Galaxy.

-- Indian national elections were announced on 12 March and will dominate political and bureaucratic activity in the country until shortly after their completion on 19 May.

-- A new National Mineral Policy has been announced, which articulates several relevant and positive proposed changes and initiatives including:

o Seamless transition from Reconnaissance Permit to Prospecting Licence

o Assured security of tenure along with transferability of concessions

o Simpler, transparent, accountable and time bound procedures to facilitate exploration

-- The date for the Company's next Rajasthan High Court hearing is 15 April.

Geoff Stanley, Panthera's Managing Director said "Over the last several weeks I have participated in a series of positive meetings in India with representatives of Galaxy and its partners. These meetings have advanced our strategic planning for PL negotiations and discussions regarding Galaxy's planned BSE listing and we are confident in our partner's long term commitment to participating in the advancement of the Bhukia JV project. These discussions have been taking place against the backdrop of a likely progressive improvement in the legislative outlook for the mining industry as foreshadowed by the recently announced National Mineral Policy 2019."

New Mining Policy Announced

The Government of India recently released the National Mineral Policy 2019 (NMP), which will be considered for implementation by the Government of India (GoI) following the conclusion of the national elections. The NMP has been under consideration for several years and appears to address some key issue raised in multiple forums by the Industry post the amendment of the Mining Act in 2015. However, the extent and speed of implementation will be critical factors in determining the impact on Panthera.

Some of the key proposals of the NMP are:

-- Procedures for grant of mineral concessions should be transparent and seamless with an assured security of tenure along with transferability of concessions playing a key role in mineral sector development.

-- It speaks of attracting private investments in exploration within the ambit of aucti

Everything firmly crossed for a great Rns tomorrow and a significant re-rate to follow. Gl ;-)

This isn't about the funds as such, but more about implications of a second payment and their expectations , so close to the High Court hearing..and what's very reassuring today is that there hasn't been a sell off, which implies that those in the know are expecting Galaxy's second payment as scheduled......even the nervous investors are holding. Gl ;-)

Last chance to get in sub 14p imho....Monday's expected Rns will very likely take the sp to 20p and more with any luck. Gla Holders....Excitement rising!!! ;-)

With the approval in place, Panthera could command a far higher price than Galaxy are paying, 10 times more at the very least infact imho, the initial $500k in two tranches is the deal, which was agreed following the extensive technical and legal due diligence carried out on Panthera's rightful claim, and their belief that a successful conclusion will be reached.......Hold on tight...it's coming!!! ;-)

and hold firm for significant upside on confirmation of Galaxy's second $250k payment....anytime today, Monday at the latest. Gla Holders ;-)

Yawn.....zzzzzzzz.........Gla holders....I've got that Friday feeling.....20p plus on confirmation of Galaxy's second $250k payment.....Tick Tock Boom!!! :-)

I'm sure Galaxy's Indian financial backer, Hunch Ventures, and the extensive technical and legal due diligence carried out on Panthera's rightful claim including Galaxy's planned BSE listing which will enable Indian investors and institutions to benefit from Bhukia's development is key to the successful award of the permit license, and combined with the ongoing negotiations with the new Government in Rajasthan and key adminisrators within the Mining Department as well as the new Indian mining policy, the risk reward looks firmly in our favour. Gla :-)

Key proposals of the National Mineral Policy 2019

Proposes to increase the production of major minerals by 200 per cent in seven years, and reduce trade deficit in mineral sector by 50 per cent in seven years.Aims to attract private investment through incentives like financial package, right of first refusal at the time of auction etc. or any other appropriate incentive according to international practices.Introduces the concept of Exclusive Mining Zones which will come with in-principle statutory clearances for grant of mining lease.Emaphasises on simplifying the clearance process and making it time-bound for mineral development and commencement of mining operations.Proposes to identify critically fragile ecosystems and declare such areas as “no-go areas”/ “inviolate areas”.Encourages merger and acquisition of mining entities, and transfer of mining leases that have been granted in a transparent manner to ensure seamless supply of ores and scaling up of business.Focuses on a long term export-import policy for the mineral sector to provide stability for investing in large scale commercial mining activity.Proposes harmonising royalty and all other levies and taxes with mining jurisdiction across the world.Emphasises on ensuring welfare of mining-affected people / communities and ensuring rehabilitation and resettlement, by suitable implementation of all relevant Acts / Rules.Introduces the concept of Inter-Generational Equity in mineral resource exploitation.Proposes development of an over-arching inter-ministerial body, under the aegis of the Ministry of Mines, to institutionalise mechanisms of sustainable mining. The body will also advise the Government on rates of royalty, dead rent etc.

In March 2019, the Indian government has come up with a new National Mineral Policy (NMP) that replaced the earlier 2008 Policy.

The latest mineral policy, which pertains to non-coal and non-fuel minerals, says that a major outcome expected from the policy proposals is to “increase the production of major minerals by 200 per cent in 7 years”. The target is tied to the current Government’s Make in India initiative and to boost India’s economic growth.

While the main outcome envisioned from the new policy is a massive increase of domestic mineral production and reducing trade deficits in the mineral sector in the next 7 years, the development of a new Policy was sought to address many fundamental problems associated with mining activities, than fulfilling the sector’s economic mandate.

In August 2017, following the SC direction, a 29-member Committee chaired by K Rajeswara Rao, Additional Secretary of the Union Ministry of Mines, was set up by the Ministry to come up with a new NMP. 

In one-and-a-half years, the Policy that has finally been developed, is actually one that is a win- win for mining companies and investors. 

Creating exclusive mining zones and simplifying clearances

A key proposal that has been introduced in the NMP is the creation of ‘Exclusive Mining Zones’. These ‘zones’ will come with approved, in-principle clearances to “curtail delay in commencement of mining operations”.

Ps only 43m shares in the market from the 67.61m in issue, and the vast majority held very tightly for potential transformational upside...the MM's will be desperate for shares in run up to the imminent Rns confirming Galaxy's second payment and no doubt the listed High Court hearing for 15/4/19....anyone selling now will regret it soon enough....They want your shares!!! Gla holders, Hold on tight, Panthera is all set for the BIG time!!!:-)

Perfectly poised and more than happy to see this close down a shade to provide the step down in the chart for the next significant upside move on confirmation of Galaxy's second $250k payment....the strongest indication of their expectations for a successful conclusion. Gla :-)

Tick Tock Boom coming very soon!!! Gla holders , Excitement building in anticipation....On and Up!!! :-)

The High Court hearing is scheduled for 15th April 2019, a Single Bench and All Objections are Complied.

https://services.ecourts.gov.in/ecourtindiaHC/cases/ki_petres.php?state_cd=9&

The following Indian legal procedure explains the meaning of "All Objections are Complied.....Gla ;-)

The procedure to file a writ in any High Court is very simple. Firstly draft a petition in accordance with the rules of the High Court concerned. The Petition has to be accompanied by the relevant annexures, as also the certified copy of the order/endorsement etc., that needs to be set aside.

If the matter is pertaining to a single bench, have the Petition prepared in single set. If the matter pertains to division bench, have two sets prepared. Prepare a brief synopsis of the case. If the matter involves Government as a Respondent (Central or State), an advance copy of the Petition has to be served, and an acknowledgment has to be taken on the presentation forms of your petition.

The above steps are illustrative and not exhaustive. After you file the Petition, you will have office objections to deal with. Only when you comply with the said objections, will your matter be sent before court for admission.

https://services.ecourts.gov.in/ecourtindiaHC/cases/ki_petres.php?state_cd=9&dist_cd=1&court_code=2&stateNm=Rajasthan#

The calm before the storm and the sudden and significant re-rate. Gl :-)

Hunch Ventures and Investments Pvt. Ltd

We believe all things start with a Hunch. At Hunch, we look for partnerships and relationships, while taking pride and pleasure in growing together. We invest to add value and encourage ownership, looking for partners with core values of integrity and trust.

We are nimble, and understand the local dynamics of doing business in its relative environments. No one solution fits all. We believe in boots on the ground and understand that socio-economics play an important role in doing business. We treat each case differently and find custom solutions to address them.

Galaxy Gold Mines

Galaxy Gold Mines is an Indian African Gold Mining Consortium preparing to build world class gold mines and list on the BSE. Galaxy is managed by a team of senior gold mining experts and quality technical partners having explored and developed some of the largest gold projects in India over the past 15 years. Hunch is the anchor investor and local partner to help unlock, build and operate gold mines.

http://www.hunchventures.com/