Member Info for Moneymunch

Ps i reckon this will fly past 7.25p on permit approval...all the best. :-)

Sorry oldabutnowisa but I was trying to be funny ha ha, I'm related to my family but have no connections with any party involved in PAT, although I have been to Rajasthan many moons ago backpacking on my way to Oz...sorry again for the misunderstanding. Gl.;-)

Lol...I am related and I love a good party...and I love a good share with multi-bag potential .Gl :-)

Ps it's only natural for a few profit takers/traders to take profit after 2 days of upside, nothing goes up in a straight line, but chances are , those that have sold out will miss out on the next re-rate when the next Rns arrives. :-)

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".

The $500k payment is on receipt of Indian government outbound investment approval and not license approval , $250k immediately and the next $250k by end of March. Gl :-)

Panthera's partnership with Galaxy involves several facets, which include:

1. Investment by Galaxy into IGL.

2. Galaxy providing administrative, legal, permitting and technical support in India that will allow it to potentially earn up to an additional 12% equity in IGL subject to achieving certain success hurdles in the lead up to the commencement of mining at Bhukia.

3. Galaxy, at IGL's election, can earn additional equity through providing drilling and logistic services upon the re-commencement of exploration at Bhukia, which may be a cost effective financing solution.

4. IGL and Galaxy constructively working to negotiate IGL's participation in Galaxy's BSE listing process (possibly through a merger with or acquisition by Galaxy).

About Galaxy

Galaxy Gold is an Indian company with Australian management with over 15 years' experience in the gold exploration and mining industry in India. Galaxy has Indian partners that are ready to provide capital and resources in support of the exploration, permitting and development of the Bhukia JV project. Galaxy also has contractual rights to earn an interest in a gold development project in Tanzania, which will form part of its BSE listing strategy.

10% Investment and Valuation Implications

Galaxy has agreed to purchase two 5% stakes in IGL in two stages:

Stage 1 (5%) - US$250,000 immediately upon receipt of Indian government overseas direct investment approval, with a further US$250,000 due before 31 March 2019;

Stage 2 (5%) - US$750,000 prior to the re-commencement of exploration (now expected mid- to late-2019).

The Stage 1 investment implies a valuation for Panthera's remaining 95% interest in IGL of US$9.5m (GBP GBP7.5m; A$13.2m).

The Stage 2 investment implies a valuation for Panthera's remaining 90% interest in IGL of US$13.5m (GBP GBP10.7m; A$18.8m).

Panthera like to release news during play, and so confirmation of Galaxy's first $250k could drop at anytime. Gla....On and Up!!! :-)

An instant multi-bag on confirmation of Permit License approval for Panthera's World class Bhukia gold prospect in India, where exploration /drilling work should be self funded with Galaxy's $1.25m cash injection for a 10% stake and another £1.5m cash from Panthera's strategic investor, Republic Investment, Galaxy will also earn a further 12% from technical and legal support in progressing and achieving permit approval up to the recommencement of exploration , and earn additional equity from logistics and drilling support upon the re-commencement of exploration at Bhukia.

Galaxy also plan to list on the Bombay Stock Exchange this year and Panthera's Indian subsidiary Indo Gold Ltd and Galaxy are constructively working to negotiate IGL's participation in Galaxy's BSE listing process (possibly through a merger with or acquisition by Galaxy), and so massive upside potential this coming year if all goes to plan. Gla ;-)

Panthera's Indian partner, Galaxy. Gla ;-)

India can produce 100 tonnes of gold per year:

Sep 19, 2018

India has the capacity to produce over 100 tonnes of gold per year to better satisfy the country's enormous demand for the precious metal which is mostly met by imports, a foreign expert said on Wednesday.

Addressing Assocham's 11th International Gold Summit here, the Managing Director of Galaxy Gold Mines of Australia, Nick Spencer, said that such an increase in domestic production from the current level of just over 1 tonne per annum would go some way towards satisfying India's hunger for the yellow metal.

"India currently produces 1 to 1.5 tonnes of gold per year from just one working field in the country while it consumes 900 tonnes per annum," Spencer said.

"The country can ramp up capacity to produce between 100-200 tonnes of gold in a year which could come out of around 20 mines.

"To scale up mining to these levels would require investment of around $1-1.5 billion and it would provide employment to between 50,000 to 1,00,000 people," he added.

Read more at:
//economictimes.indiatimes.com/articleshow/65876678.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

$500k cash coming soon.....and another $750k cash from Galaxy on permit approval.......and then £1.5m sterling cash from Panthera's strategic investor , Republic Investments with all approvals for Bhukia in place......a multi-bag in a blink if they win their case. Gl ;-)

ps InvestNr1...we've had significant news this morning....No fund raise anytime soon and $500k wing its way soon, with the first $250k from Galaxy no doubt imminent....and yesterday's news is highly significant on proceedings imho...Gla Holders...4p plus in sight!!! ;-)

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.

https://www.thehindubusinessline.com/news/national/8-rajasthan-mines-dept-officials-booked-for-graft/article26071622.ece

Fingers crossed that the same officials have been involved in the Bhukia PL application, and if they have , then you can imagine a speedy resolution to Panthera's High Court Case for permit approval for the World Class Bhukia gold prospect imho. Gla ;-)

Lol...ok investNr1...See Ya!!! ;-)))))

Stake builder about....Ker-Ching!!! Gla ;-)

4p plus at close on the cards...Galaxy's first $250k payment imminent, followed by another $250k before end of March...and the High Court hearing coming , a complete game changer and instant multi-bag if the permit license for the World Class Bhukia gold prospect is approved. Gla ;-)

Lol....the real journey hasn't started yet....Ho Ho Ho....Gla holders....On and Up!!! :-)

Number One Top riser position today....on the cards...re-rate in progress...Gla holders...On and Up!!! :-)

If the 500k buyer makes a reappearance then you'll have wished you'd pressed that NT button....4p plus in sight. Gla :-)

Lol...you might as well press the NT button then, as this hasn't finished its upward momentum yet. Gl :-)

Lol....Supply and Demand, it's NT for a very good reason, very little free float and there's a re-rate in progress....4p coming and 5p soon enough on no news imho...Gl :-)

Only 67.6m shares and 36.3% are not in public hands.....the majority that are, are held very tightly, and so this will move very quickly on good news and no doubt will multi-bag with permit license approval for their World Class Bhukia gold prospect....Exciting times for those invested. Gla....On and Up!!! ;')

3p plus about to go.....plenty more to come as good news in the pipeline arrives...Gla :-)