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second $250k payment scheduled before 31/3/19 and news of their planned BSE IPO listing and Panthera's permit application could drop at anytime.....Rajasthan's High Court website , Case Status has a Listing Date of 15/4/19 against Metal Mining Inida, Panthera's JV partner, and so only 6 weeks to High Court hearing and transformational UPSIDE on a successful conclusion and the rightful award of Bhukia's permit license, if this date is official........it's still possible that the case could be settled out of court imho with the new Government and Mining Dept. officials now in place... Gla Holders ;-)

Nothing usually goes up in a straight line and there will always be profit takers regardless of the circumstances, especially on such a rise...but as transformational news could drop at anytime , I'm holding all of mine for the potential multi-bag ahead , confirmation of Permit License approval for the World Class Bhukia gold prospect will very likely see Panthera's sp go up in a very long straight line , and then game on thereafter as Galaxy full $1.25m and Republic Investments £1.5m cash is received and exploration and drilling gets underway of Bhukia's " Monster" resource. ...it's going to be BIG!!! Gla :-)

Right time and right place for Panthera and those invested. Gla Holders....Good news from India could drop at anytime...On and UP!!! ;-)

The only direction gold is headed is upwards

Each forecast of slower global growth puts the shine on gold even further

February 24, 2019

The price of gold is going up, so gear up for some turbulence in the world’s economy. The International Monetary Fund (IMF) forecasts a slowdown in economic growth across the globe.

The trend in gold price seems to be headed upwards, and it may be a good time to get in, even if the best time to get in was when it was at $1,200 an ounce level.

Secondly, and similar to what happened during the financial crisis ten years ago, the increase beyond the $1,300 per ounce level is due to purchases and accumulation by various countries, not individual investors.

Therefore, in light of low interest rates and a lack of clarity with regard to the world’s economic prospects, the gold price is expected to continue climbing. As it does, it may not stop at the $2,000 per ounce level realised two years post the 2008 financial crisis, but possibly higher.

A similar trend was witnessed post the increase in 1971, except that in every cycle, previous records for the highest gold price reached are usually broken. Not only that, the time elapsed between one cycle and the next is getting shorter.

No doubt some of these would have been part of the decision making process and would have had influence of Panthera's PL application. Gla ;-)

8 Rajasthan Mines Dept officials booked for graft
New Delhi January 23, 2019

Our Bureau Eight senior officials of the Mines Department, including IAS officers Sanjay Sethi and Ashok Singhvi, will face prosecution on charges of corruption and money laundering, as a Special Court here has accepted the Enforcement Directorate’s (ED) prosecution complaint.

The court issued arrest warrants against them on Monday.

According to an ED press note, it had initiated investigation against Sanjay Sethi and others under the Prevention of Money Laundering Act (PMLA) following an FIR filed by its Anti-Corruption Branch, Jaipur, on allegations of corruption in the Mines Department.

The ED note says seven others are accused. They are Pankaj Gehlot (then Additional Director, Headquarters, Directorate of Mines and Geological Department, Udaipur), Puhskar Raj Ameta (then Superintendent Mining Engineer, Mines and Geological Department, Bhilwara), CA Shyam Sunder Singhvi, Mohammad Rashid Sheikh, Dhirendra Singh Alias Chintu, and Tamanna Begum w/o Late Mohamed Sher Khan.

The new Congress party now in Government in Rajasthan have also made plenty of changes/transfers in personnel who may have been part of the decision making process on Panthera's PL application, including a change at the top of the mines depart, where recently 8 senior officials had been arrested on large scale corruption charges.....all bodes well for a successful conclusion and rightful award of Bhukia's PL...Gl ;-)

Rajasthan: Newly-appointed Congress government transfers 40 IAS officers

Dec 18, 2018l
Rajasthan IAS officers transfer list: The 40 IAS officers were transferred a day after Congres government took over in the desert state.

Jaipur: A day after taking over the reins of Rajasthan, the Congress government of Chief Minister Ashok Gehlot on Tuesday effected a major bureaucratic reshuffle in the state. The government ordered the transfer of 40 Indian Administrative Service (IAS) officers in the state.

31/1/19

Rajasthan state mines and minerals limited in Udaipur

Ankit Kumar Singh, who was the managing director of Rajasthan state mines and minerals limited in Udaipur, has been appointed as the chief executive officer, zila parishad of Ajmer.

Meanwhile, Divisional Commissioner of Udaipur Bhawani Singh Detha has been given additional charge of managing director, Rajasthan state mines and minerals limited in Udaipur.

Key Strengths

High potential assets with low operating costs. Stable operating environments and strong, highly experienced leadership.

Large gold resource with significant upside potential

Current JORC inferred resource of 1.74Moz defined over approximately 10 per cent of the gold in soil anomaly, with high potential exploration targets. The Bhukia project has been subjected to over 150 drill holes in addition to extensive sampling, with the GSI producing an unclassified non-JORC resource of 106Mt @ 2.0g/t Au, 0.15% Cu (6.7Moz Au, 160,000t Cu)

Estimated to be a low cost operation

Management believe the Bhukia project hosts all the key parameters to enable a low cost operation. The mine is expected to be shallow open pit with grade being relatively continuous. The large scale ore body contributes to further low costs. Pit optimisations suggest that the majority of the inferred resource may be recovered at low gold prices. The operation has extensive infrastructure, with power, roads and transport in close proximity.

Support of national Governments

The Government of India (“GoI”) is highly supportive of the mining industry, promoted by President Modi’s “Make in India” campaign to strengthen the nation.
The GoI has been particularly responsive when dealing with the Company. The
development of the Bhukia Project would bring additional employment opportunities for the local community, and the Company anticipates continued support from the GoI and local community alike. The same is also expected of the Governments of Burkina Faso and Mali who are both promoting the resources industry and regional economic growth.

Board and management team

The Company has assembled a strong board and management team that provide a multi-disciplined, well-educated and experienced leadership, collectively demonstrating substantial experience in the exploration, financing, development and operation of mines.

West African portfolio

The combination of assets in both Burkina Faso and Mali present a portfolio of large, cohesive and untested soil anomalies with significant eluvial, alluvial and artisanal workings spread over well-known gold mineralised geological belts. Panthera will take advantage of its team’s extensive experience in the areas to develop the projects.

- Following extensive technical and legal due diligence by its team in India, Galaxy has agreed to purchase a 10% stake in Panthera's 100% owned subsidiary, Indo Gold Pty Ltd. ("IGL"), for US$1.25m and earn additional equity by providing ongoing support and services to advance the Bhukia JV project (70%) in Rajasthan, India ("Bhukia").

-- Galaxy was formed in 2016 with the objective of building a portfolio of gold mining investments and operations and a plan to be listed on the Bombay Stock Exchange ("BSE"). Its principals have a wealth of experience and a wide array of connections and capabilities in the gold mining industry in India.

-- Galaxy's principal investor is Hunch Ventures and Investments Pvt. Ltd ("Hunch"), which is a successful Indian venture capital group with strong government, corporate and institutional connections to the mining industry in India.

Geoff Stanley, Managing Director said "With the signing of this term sheet Panthera has taken a big step forward in achieving many of its key strategic and corporate objectives in India. The transaction brings Indian capital to support the development of Bhukia, it provides key corporate, bureaucratic, technical and administrative capabilities in India, and allows IGL an opportunity to participate in Galaxy's BSE listing process, which is planned to commence next year. Galaxy and Hunch's Indian legal and technical due diligence also provides strong validation of the strength of the Bhukia PL application and demonstrates a current valuation for Panthera's share of Bhukia that alone significantly exceeds the market capitalisation of Panthera".

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/

Double figure close on the cards in anticipation. Gla Holders...On and UP!!! ;-)

ps i reckon it's a done deal. Gl ;-)

Along with the change of Rajasthan Government and several senior officials within the Rajasthan Mining Department, Galaxy's BSE listing is pivotal to the granting of the Bhukia PL imho, their legal and technical due diligence and investment indicates supreme confidence in Panthera's rightful claim to the PL, and the BSE listing will more strongly align Indian capital and investors with the success of the project and allow greater participation by Indian investors in the success of the Bhukia project, and so no doubt there must be many key administrators and Indian financial institutions who now have a vested interest in working towards a successful conclusion given the 6m plus oz resource potential of the World Class Bhukia gold prospect. ......Transformational game changing news could drop at anytime now. ;-)

Not me Babbler, i don't do twitter!!!??? ;-)

A sudden and significant re-rate at anytime, only 67.6m shares in issue with 36.3% not in public hands and a current market cap of only £6m, massive upside potential on the prospect of 6m oz plus resource target at Bhukia as well as Galaxy's Bombay Stock Exchange listing this year, and Panthera continues to generate encouraging exploration results from its portfolio of gold exploration licenses in West Africa, the gold hot spot on the planet....a market cap of £67m and a share price of £1 would still look cheap with so much gold potemtial. Gla Holders On and UP!!! ;-)

"Panthera and Galaxy are working closely to negotiate IGL’s participation in the listing of Galaxy on the Bombay Stock Exchange (“BSE”) possibly through a merger to the acquisition by Galaxy. We believe that this, together with the granting of the Bhukia PL have the potential to add considerable value to the company."

Ps Morlich...your call of course, but if you 've got a spare £3k you could recoup your losses here just as soon as approval is confirmed for Bhukia's permit license...anytime from now......although if it isn't approved you will lose about 70%....until Panthera's West African prospects are progressed....Gl :-)

Truly transformational UPSIDE!!! ;-)

Lol...ARS has a market cap of £57m plus which equates to 90p a share here....and Panthera has a bigger gold resource target just at Bhukia alone, 6m Oz plus, .and then there's West African prospects and only 67.6m shares in issue with 36.3% not in public hands.... £1 plus plus and a market cap of £67m for Panthera would still look cheap with so much gold potential....permit approval for Bhukia will see this multi-bag from here and Galaxy's planned BSE listing with Panthera's Indian subsidiary will add considerable value....Gla holders....we're in the right place at the right time imho for the near term opportunity for truly nsformational ...:-)

That's the amazing thing Babbler2, and the reason the real upside hasn't even started yet...On and Up most definitely UP!!! :-)

A market cap of £67.6m and an sp of £1 would still look cheap on so much gold potential from Bhukia, let alone their West African prospects.....Panthera will be the Star share of 2019 on permit approval. Gl.:-)

Back to double figures on the cards...On and Up!!! :-)

If approval for Bhukia is in the pipeline then no doubt those in the know will drive the sp higher long before news arrives imho...Gla :-)

In the meantime, a sudden and significant re-rate more than likely on any inkling of good news from India. Gla...Excitement and momentum building!! ;-)

Right time right place for a potential multi-bag of multi-bags. Gla Holders...On and Up!!! :-)