Member Info for Moneymunch

The strongest indication that Galaxy and Hutch are supremely confident that the World Class Bhukia Gold prospect permit license will finally and rightfully be awarded to Panthera...Gla Holders....Panthera is all set to be the shining star of 2019 on confirmation, and offers truly transformational upside for those invested ....On and most definitely UP!!! ;-)

28/12/18

Highlights

-- 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 this 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".

Panthera Resources
First Tranche of Galaxy Funding
RNS Number : 4030Q
Panthera Resources PLC
19 February 2019


19 February 2019



Panthera Resources Plc

("Panthera" or "the Company")

First Tranche of Galaxy Funding Confirmed

Panthera Resources plc (AIM: PAT), the gold exploration and development company with assets in India and West Africa, is pleased to announce that the initial US$250,000 of funding from Galactic Gold Mines Private Limited ("Galaxy") has been received.

Following extensive technical and legal due diligence by its team in India, Galaxy 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 in Rajasthan, India. Further details are in the announcement dated 20 December 2018.

Galaxy agreed to purchase the 10% interest in IGL in two 5% stages. In the first stage a 5% stake is to be purchased for US$500,000 consisting of two payments. The payment just received was the first of two US$250,000 payments, with the next amount due before 31 March 2019.

The second 5% stake is due to be purchased for US$750,000 prior to the re-commencement of exploration (now expected mid- to late-2019).

and then the multi-bag of multi-bags if the permit license for Bhukia is approved.....no guarantees of course but there lies the transformational upside opportunity for those invested....On and Up!!! Gla holders:-)

Lol....someone's showing their true colours here, ....ha ha ha.....Gla holders.....Double figures coming on confirmation of Galaxy's cash...anytime now.....On and Up....:-)

Poised Perfectly...Gla ;-)

Can't be too much longer before the first $250k tranche arrives, and every chance accompanied by progress update on permit license application and Galaxy's planned BSE listing.....Double figures fast approaching...Gla ;-)

29/1/19

a cash infusion from the recently announced Galaxy transaction of approximately A$700k (US$500) scheduled for 1Q 2019, the Board has no current plans to raise additional capital.

and perfectly poised for news . Gla :-)

"the Union Government has taken several steps and also devised the new National Mineral Policy with a view to promoting the ease of doing business along with ensuring the participation of the private sector for better mineral exploration."

'Mineral Exploration in India' inaugurated during 58th Meeting of CGPB at Pusa
Representatives of State Departments, Central Ministries/ organizations, PSUs, academic institutes and private entrepreneurs attended the 58th CGPB meeting.

15-02-2019

Union Minister of State for Mines Shri Haribhai Parthibhai Chaudhary has stressed the need for optimum utilization of the available mineral resources in the country. Addressing the inaugural session of 58th Meeting of the Central Geological Programming Board (CGPB) held at Pusa in New Delhi today, he said that the Union Government has taken several steps and also devised the new National Mineral Policy with a view to promoting the ease of doing business along with ensuring the participation of the private sector for better mineral exploration. The minister also inaugurated an exhibition displaying the status of "Mineral Exploration in India" at this juncture.

The CGPB meeting was held under the chairmanship of Shri Anil Mukim, Secretary to the Govt. of India, Ministry of Mines (MoM). Dr K. Rajeswara Rao, Additional Secretary, MoM, Dr Dinesh Gupta, Director General, Geological Survey of India (GSI), Shri R S Garkhal, Additional Director General, GSI, Shri Bipul Pathak, Joint Secretary, MoM were the other dignitaries to grace the meeting of the Board. During the occasion, seven publications (five from GSI and one each from Neyveli Lignite Corporation and DMG, Chattishgarh) were released. Twenty Mineral Exploration reports worth Rupees seventy-nine thousand five hundred sixty crores were handed over to the seven state governments viz., Odisha, Rajasthan, Madhya Pradesh, Haryana, Karnataka, Andhra Pradesh and Kerala.

Let's hope Galaxy and Hutch Capital's extensive technical and legal due dilgence on Panthera's rightful claim to the Bhukia permit license is on the MONEY!!! Gl ;-)

The World class Bhukia gold prospect asset is targeting a 6.0Moz plus resource.....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??? A successful outcome will be transformational and the upside in sp will be breathtaking imho.....Gla Holders....Fingers firmly crossed. ;-)

anyone who has taken profit on this rise from 2p will all wish they hadn't soon enough...Gla holders...Double figures in a blink on confirmation of Galaxy's first $250k payment....and 20p plus plus plus on permit license approval..which only equates to a market cap of £13.52m...absolute peanuts
...On and Up!!! ;-)

Ps if negotiations are going well, then the permit license could be awarded and settled out of court imho....the stellar rise so far certainly suggests good news is imminent.;-)

With negotiations underway with the new Rajasthan administration, and Hunch Capital's strong government, corporate and institutional connections to the mining industry in India as well as Galaxy's intentions to list on the BSE which would enable Indian institutions to participate in Bhukia's development , there's every chance this could be settled out of court. A High Court hearing is presumably only required if the Rajasthan Government and Rajasthan Mining Department are still in objection to Panthera's rightful claim, and so if negotiatons are successful and the new administration are in agreement then hold on to your hats, permit license approval news could be imminent....Panthera's sp and market cap will multi-bag in a blink. Gla ;-)

ps Fingers crossed that Indian officials are buying!!! ;-)

14/1/19

Bhukia Permitting Update

As previously reported, the recent Rajasthan state elections resulted in a change of government. Following this change a new Attorney General and Associate Attorney General were appointed for the state in mid-January. The government's response to our recent Writ Petition requires review by the new appointees prior to submission to the court. While the government's response was due within four weeks of the 26 September 2018 Court hearing where our Writ Petition was admitted and stay protection granted, we anticipate further intermittent delays as the Court is likely to provide the government leniency following the election and change of administration. We will update the market as the case progresses, but in the meantime we have begun the process of engaging with the new administration with a view to negotiating the grant of the Bhukia prospecting licence.

20/12/18

We anticipate the change of government at the State should have a positive impact on processing of MMI's Prospecting Licence (PL) application as the new government must focus on bringing in investments and creating jobs.

Panthera will initiate dialogue with the newly appointed Secretary and Minister for Mines and other government officials, including the Bureau of Investment Promotion, Chief Minister's office, Minister for Tribal Affairs and local Members of the Legislative Assembly in the New Year.

Our first hearing in the High Court is currently scheduled for the 11 January 2019, however this may be delayed if changes occur within the office of the Attorney General following the election.

In the meantime, because of the very strong Stay Order received from the High Court we are in an excellent position to commence a negotiation process with the incoming government regarding granting of the PL.

and allows IGL an opportunity to participate in Galaxy's BSE listing process, which is planned to commence THIS year!!!

With only 67.6m shares in issue and 36.3% not in public hands and a market cap of only £4.87m at yesterday's close of 7.2p....an amazing opportunity for transformational stellar returns for those invested.....Panthera will be the shining star of 2019 if all goes to plan. Gla ;-)

Highlights

-- 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".

7p plus close.....Good news must now be very close....Panthera's original listing price of 25p gives a market cap of £16.9m, which is peanuts in relation to the rightful award of the World Class Bhukia Gold prospect.....very exciting times for those invested...Gla Holders...On and Up!!! ;-)

A great performance with more to come........all we need now is a great Rns to take us to the next level....the trading volume certainly suggests that something good is brewing. Gl ;-)

and the amazing thing is that 10p only equates to a market cap of £6.7m...cheap as chips. ;-)

News on Galaxy's cash would be good.....and looks like those who took profit earlier probably wished they'd held on a tad longer....10p plus very likely on confirmation of Galaxy's first $250k payment.....Excitement and momentum building. Gl ;-)

Share code 1.....whatever next!!!??? ;-)

It's only natural and irresistible for some to take profit on such a rise ( not for me though ) but I'm pretty sure that those that have will soon regret it, as already witnessed by those that took profit along the rise from 2p....Confirmation of Galaxy's first $250k payment should see this pushing on to double figures imho and then hold on to your hats if permit license is approved, and then the sky's the limit thereafter as exploration recommences and cash from Galaxy and Republic Investments arrives, along with Galaxy's BSE listing.... Gla ;-)

BSE Listing Opportunity

Galaxy is planning to commence the process of listing on the BSE during 2019. The term sheet signed between Galaxy and IGL requires both parties to work toward agreeing a joint approach to this listing opportunity, which may result in a merger of the two companies if a suitable valuation framework can be agreed. 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. It 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.

Administrative, Permitting, Legal and Logistic support

Galaxy and Hunch will provide extensive in country support and assist IGL's effort to prepare for exploration to re-commence at Bhukia. This support will be multifaceted but will at a minimum include administrative and legal support, introductions and negotiations with key administration officials, and strategic, financial and permitting advice, among other things.