Member Info for Moneymunch

Gold jumped out of the gate on Tuesday following a long weekend for North American markets, adding more than $22 an ounce in heavy buying.

Gold for delivery in April, the most active futures contract, reached a high of $1,345 an ounce, the highest in 10 months after more than 32m ounces changed hands in New York.

Institutional and retail investors have piled into gold in recent months. 

The bullish sentiment is also evident in the results of the survey by the London Bullion Market Association of 30 analysts' predictions for the gold price in 2019. Two-thirds of those polled believed gold will either reach or exceed $1,400 this year.

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. Gla Holders....positive news on proceedings could drop at anytime and with only 67.6m shares with 36.3% not in public hands and a current market cap of a lowly £5.3m.....the upside could be breathtaking on permit license approval.... ;-)

"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."

Might just be a glitch on Lse, trades are still listed on Adfvn....anyway, fingers crossed that we get a positive update on permit proceedings soon. Gl ;-)

ps we had another Share Code 1 pop up yesterday...;-)

RFC AMBRIAN COMMENT: The two-staged US$1.25m purchase values Panthera’s remaining 90% interest in IGL at US$11m, a 40% uplift to the company’s current market capitalisation of US$8m, which incorporates its share of the Bhukia JV, its three highly prospective west African gold exploration projects and its approximately 15% stake in Anglo Saxony Mining (which is currently advancing a preliminary feasibility study of the Tellerhauser Sn-Zn-In deposit in Saxony, Germany).

As noted in its December announcement, 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.

The company continues to generate encouraging exploration results from its portfolio of gold exploration licenses in West Africa and the first payment under the agreement with Galaxy is a demonstration of the faith that Galaxy have in their ability to help advance the process towards the grant of the PL over the Bhukia project (IGL 70%). This would allow the company to re-commence exploration on the project which has the potential to develop into a large-scale open pit gold mining project and where current JORC compliant resources are 1.7Moz and the company has a target of outlining 6.0Moz of resources.

https://www.****************************************interviews.com/panthera-resources-potential-to-add-considerable-value-to-the-company-rfc-ambrian/412767673

I had some more myself at 7.5p...."no electronic quote available ".....the bounce back speaks volumes, very little free float with the majority of shares held very tightly in anticipation of transformational news...Gl :-)

NT to buy despite the drop...Gla :-)

Panthera's West African gold prospects offer additional transformational upside and no doubt more good news will arrive throughout on their development, in the meantime if negotiations are going well with the new Rajasthan Govt. and Rajasthan's Mining Dept. and other key administration officials, then Panthera's permit approval could be settled out of court imho....News on Bhukia proceedings could drop at anytime......Exciting times for those invested... Gla Holders ;-)

Let's hope so , the recent stellar rise from sub 2p certainly suggests that it's swinging Panthera's way....and so any whiff of a successful conclusion by those in the know will see Panthera's sp rise suddenly and significantly long before any news....On and Up!!! :-)

This should have been the first paragraph!!!

Near term, Panthera's fortunes are dependent on the award of the Exploration Permit License for Bhukia which has been held by Panthera 70% and their JV partner Metal Mining india 30% for a number of years under a Reconnaissance Permit

....the previous Rajasthan Government and Rajasthan Mining department have rejected their application several times on spurious grounds during a protracted legal court process, but the High Court of India and Rajasthan have granted Property rights Protection and Stay Order protection on Panthera's rightful claim to the Exploration PL and legally Panthera's case is very strong

......Galaxy and their partner Hutch Capital, which is a successful Indian venture capital group with strong government, corporate and institutional connections to the mining industry in India have carried out extensive Indian legal and technical due diligence on Panthera's rightful claim which provides strong validation of the strength of the Bhukia PL application , hence their decision to invest $1.25m for 10% of the project

.....$250k today, another $250k by end of March which obviously indicates supreme confidence of a successful outcome, and another $750k on permit license approval, and another £1.5m cash for Panthera from their strategic investor, republic Investments, with all approvals for the re-commencement of exploration of Bhukia in place.

.....this is still very high risk at this stage because if Panthera failed to secure the permit then the sp would drop like a stone, but there's now a new elected Government in Rajasthan since December and 8 senior officials from Rasastahn's Mining Dept. have been arrested on large scale corruption charges and no doubt some may have been involved in the decision making process

..... negotiations are now underway with all key administration officials for the rightful award of the PL , and Galaxy also plan to list on the BSE which no doubt will strengthen and favour their case as it would 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. The board of Panthera considers the potential for having one of its subsidiaries or listing some or all of its Indian assets on an Indian exchange as highly attractive, and presumably could add significant value for those invested.

Galaxy and Panthera are constructively working to negotiate Panthera's Indian subsidiary Indo Gold Ltd participation in Galaxy's BSE listing process (possibly through a merger with or acquisition by Galaxy).

So all in all, a compelling case for a successful outcome....massive upside on permit approval from their current £6.2m market cap on 67.6m shares....still high risk but truly transformational upside potential.....Bhukia has a 6 million plus ounce gold resource target and so a market cap of £67m and an sp of £1 would still look cheap... Gla holders....Fingers firmly crossed!!! ;-)

Don't forget the £1.5m cash payment as well from Panthera's strategic investor, with all approvals in place. Gl :-)

Strategic Investor - Republic Investment Management

Panthera has a binding investment agreement with Republic Investment Management Pte Ltd. (Republic) of Singapore for three tranches of equity investment totalling A$6.7m by Republic and co-investors (represented collectively by Republic) into Panthera. The Company received Tranche 1 in July 2017 and Tranche 2 in January 2018 totalling A$4.0m. The final Tranche 3 of A$2.67m at A$0.65 per share is due at the time the Bhukia PL is granted and the necessary environmental and forestry permits for drilling are obtained. The funds will be used to finance a ramp up in exploration activities designed to confirm the Geological Survey of India non-JORC resource of 108 million tonnes grading 2.0g/t Au and define it to JORC compliant standards.

It looks very good john0011....Gl ;-)

Today's cash commitment was pivotal to proceedings and indicates supreme confidence from Galaxy and Hutch...another $250k in the bag next month and news on Galaxy's BSE listing coming...and news on progress of permit license approval at anytime...I still think this could be settled out of court if negotiations are going well with all interested parties and other officials and institutions who want a piece of the action through Galaxy's listing. Gl:-)

Ps even after the stellar rise in sp we've enjoyed...the market cap is only £6.4m...absolute peanuts compared to the potential of Bhukia...we just need the permit license approved....and 50p will still look like a bargain. :-)

.50p plus maybe £1 plus fair value for the World Class Bhukia gold prospect permit license and its 6m ounce resource target, as well as added value on Panthera's participation in Galaxy's BSE listing , not to mention Panthera's potential treasure trove prospects in West Africa, the gold hot spot on the planet... £1 equates to a market cap of of a lowly £67m....Gla holders...Hold on tight and enjoy the ride of your lives......Onwards and Upwards!!! :-)

on the cards....profit takers mopped up. shares in short supply and sp and market cap cheap as chips on permit license approval.....Gla holders...On and Up!!! :-)

Very little free float from 67.6m shares with 36.3% not in public hands....the majority of shares are now tightly held for bigger things to come....Gla holders...Excitement and momentum building...:-)

10p plus!!!! Ho Ho Ho Ho Ho Gla holders On and Up!!! :-)

No better place to be than here imho....and permit license approval on Panthera's World class Bhukia gold prospect has never looked stronger. Gla holders On and Up and Up and Up and Up and Up!!! :-)

The World class Bhukia gold prospect asset is targeting a 6.0Moz plus resource, the current price of gold is $1,322 per ounce, which equates to a staggering $7,932,000,000 plus gross target....and so if Panthera are awarded their rightful claim to the permit license.....what sort of market cap would reflect fair value on such massive potential...£25m, £50m, £100m and more??? And with only 67.6m shares in issue a successful outcome will be transformational and the upside in sp will be breathtaking imho....Panthera will be all set for the BIG TIME on permit license approval.....Gla Holders.... On and UP!!!;-)

Exactly Babbler, negotiations with Rajasthan's new Government and Mining Department by Panthera, Galaxy and Hutch must be progressing very well indeed, hence confirmation of Galaxy's cash commitment today, and no doubt Galaxy's BSE listing plans for this year are key to a successful and favourable outcome.....this is going to be BIG!!! Gl ;-)

Only 67.6m shares in issue with 36.3% not in public hands and so 10p in a blink imho.....which only equates to a market cap of £6.7m.....Significant upside coming!!! Gla Holders ;-)