Member Info for Moneymunch

FUND RAISE/PLACING very likely this coming week following Monday's planned AGM, to raise cash to progress follow up/drilling exploration work on their exciting West African ( Mali and Burkina Faso ) gold prospects, and no doubt there will be a surge of new investors on a fully funded Panthera with so much upside potential, there's currently only 67.6m shares ( 36.3% not in public hands ) and a market cap of £1.35m, and so any drop in sp on a discounted placing will be brief imho as the demand for shares thereafter should see the sp bounce/recover significantly.

Panthera's World class Bhukia gold prospect in India, dependent on permit license approval, should be self funded with Galaxy's $1.25m cash injection for a 10% stake and another £1.5m cash from 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 imho. Gla ;-)

West Africa ahead of South America, Asia as investment destination

And all the more so because politically Francophone West Africa has been much more stable in recent years. According to the Fraser Institute’s Policy Perception Index, West Africa ranks ahead of South America and Asia in terms of its attractiveness as an investment destination, not far behind Australia.

Part of the reason for this is that new mining codes have been established in Côte D’Ivoire (2014), Burkina Faso (2015) and Mali (2012). The emphasis has been on a combination of creating a favourable business and regulatory environment and ensuring that corporate social responsibility remains at the fore.

It’s a context that has allowed the likes of Endeavour and Randgold not only to build and operate big mines but also to get out and really explore.

Anyone who doubts that this is happening needs only to consider the most straightforward of statistics. West Africa has been the number one discovery region for gold in the world for more than ten years, with over 79mln ounces discovered in the past decade as a result of a US$5bn spend.

It’s a number to conjure with, considering that the competition comes from prolific gold regions like Nevada, Ontario, and Western Australia, and considering too that in 2016 just 14% of global exploration spend went into the African continent as a whole.

Nevertheless, the momentum is clear. Gold production from West Africa overtook production from Australia in 2016, with Randgold at the vanguard of this process that made it happen.

Randgold has brought four West African mines all the way through from the discovery stage to production.

But there should be more to come, and not just from Randgold. Because while Randgold continues to earmark significant exploration-spend towards its goal of discovering three million ounce-plus targets, other companies like Endeavour are also extremely active.

Opportunities for large scale West African gold discoveries remain plentiful

23 Jan 2019

https://www.proactiveinvestors.co.uk/companies/news/213162/opportunities-for-large-scale-west-african-gold-discoveries-remain-plentiful-213162.html

A fully funded PAT will see a huge demand in shares imho.....especially on the back of the excellent flow of news from their West African prospects and the potential game changing news ahead on their World Class Bhukia prospect, and so any subsequent fund raise following next weeks AGM will very likely be over subscribed, and those expecting to be able to buy in on any volume at a massive discount on today's sp are going to be disappointed. Gla holders, hold on tight, this will bounce big regardless . :-)

Looks like the Rajasthan High Court hearing is listed for 15/4/19, two weeks after the the second $250k tranche from Galaxy is due, the first $250k tranche could be imminent. Gla ;-)

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).

........

and then a further £1.5m cash from Republic Investments with all approvals in place

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.

.............

http://hcraj.nic.in/cishcraj-jdp/

Click on above link for Rajasthan High Court Principal Seat, Jodphur, then click on Party Name, Type in Metal Mining and tick Petitioner and then tick on search, and then tick on get data from 18 records and click on Listing No.8 to access status. Gl ;-)

£500k left end of September and $500k expected end of March and the first $250k imminent....also Galaxy will provide
support to advance the permit which no doubt includes many of the costs involved. ....Gla holders:-)

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".

Transaction Details

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).

We know that, and standard fare for all listed companies and no doubt Panthera will raise funds at some time to advance their prospects for the benefit of their shareholders , but you and others seem convinced that it will be at 1.5p.and even sub 1p....whereas I think there is a very good chance that any future fund raise could be at a much higher premium than today's sp as more good news arrives.....Galaxy's first payment could be imminent along with Panthera's High Court hearing.....Gla holders On and Up!!! :-)

Galaxy and their partner Hutch Capital have carried out extensive technical and legal due diligence on proceedings which suggests PAT are legally in a very strong position to secure the permit first Bhukia which will be a complete game changer for all invested. Galaxy's initial $500k payment is on condition of approval from India Govt. for outbound investment only and so the first $250k could be very close...and so any subsequent fund raise could be at a far higher premium than today's sp with Galaxy's payment received and positive progress on High Court proceedings...Gla holders....fingers crossed for a flow of good news to drive the sp higher and plenty of regrets from those who hoping for the opposite....On and Up!!! :-)

Lol....Panthera are expecting $500k by 31/3/19 in two tranches....the first tranche of $250k could be imminent....they had £500k end of September and no exploration work/expenditure has happened since....and so no placing required now imho despite the rhetoric from those that have sold out too soon.....the Bhukia High Court hearing could also be close, and so massive upside if the permit license is approved, which would see another $750k from Galaxy and £1.5m cash from Republic Investments with all approvals for Bhukia secured.....Gla holders.....Galaxy's first $250k payment could be imminent. ;-)

Geoff Stanley, Managing Director said "This agreement offers a great opportunity to fast track Panthera's path to an economic resource in Burkina Faso. The large strike extent of artisanal workings and the significant amount of previous drilling significantly de-risks the project and we are optimistic it will allow us to plan a major drill-out for later this calendar year."

A  potential stellar year ahead for Panthera...Gla holders...On and Up!!! :-)

Labola Gold Project Acquisition

Panthera Resources plc (AIM: PAT), the gold exploration and development company with assets in India and West Africa, is pleased to announce it has negotiated an opportunity to acquire the Labola gold project in Burkina Faso, West Africa.

Highlights

-- The Labola gold project consist of a package of approximately 65km(2) of licences that host two significant quartz vein structures that have been mined (artisanal) over at least a 9km strike.

-- This is the first time this package of properties has been consolidated under one ownership and it represents an excellent opportunity to integrate the significant amount of previous drilling and optimise the resource potential of the project.

-- Previous explorers have announced combined JORC and 43-101 compliant resources of over 600,000oz averaging (approximately) 1.2g/t Au. Panthera believes these estimates require verification and accordingly, should only be considered as exploration targets.

-- Significant potential for higher grade mineralisation can also be seen based on previous drill results

2/8/18

Incidentally, India is on the way to formulating a new gold policy, which will promote domestic gold mining.

Industry experts believe that at least 100 tons of gold can be mined annually in India, from the present level of about 1.5 tons (as compared to China’s 450 tons a year). Geologists believe that India sits on vast deposits of gold, as the terrain from Australia to China is very similar, so they see no reason why India cannot step up its gold mining.

Experts want the Indian government to factor in the complete journey of gold, from mines to market, under the new policy.

Very slowly, after a court-imposed e-auction for mining, gold mining has picked up.

One of the first in this business was Vedanta. In February 2016, Vedanta Resources became the first private company to successfully bid for a gold mine in India, in the central Indian state of Chhattisgarh. The mine has gold reserves of 2.7 tons.

Other Indian private miners, in collaboration with international players, have started to move in. More and more are expected to follow in the footsteps of Vedanta and NMDC.

Gold mining will also save the country foreign exchange, since it imports most of its gold at the moment.

A previous government report identified the unrefined gold resource base in the country at 658 tons of metallic gold. The report also stated that this tonnage is spread over 13 different states.

India needs to get its act together on the gold mining front, especially since China is already well on its way. Since 2013, when gold prices plunged 30% in a year, China has been ramping up overseas gold-mining investments.

There is no doubt that developing gold mines is a long-term, risky process requiring years of planning, research and infrastructure development. Miners also need to conduct analyses on how much gold a ton of ore actually contains.

But for Indian companies interested in this, several bottlenecks, including environment permissions, remain.

If a miner has to apply for a gold mining license, it has to take over 100 permissions before getting a permit — a process that takes over seven years.

Hopefully, experts say, this will be history once the new policy is adopted.

htTps://agmetalminer.com/2018/08/02/state-owned-miner-takes-up-gold-mining-in-india/

first $250k payment could be imminent depending on how long it takes Indian Govt. outbound investment approval, and so fingers crossed that the ex-holders here who appear certain on proceedings, will have to pay substantially more than they're hoping if they want back in. Gla Holders ;-)

ps the second $250k payment must be paid by 31/3/19 and so every chance, and then another $750k from Galaxy and £1.5m investments with all permits in place for the world class Bhukia prospect.....On and Up!!! ;-)

Lol...another one who knows jack ****....akthough he's right about the sp at the moment and nothing else, Bagir are now in profit and have cut production costs , which will continue exponentially as the Ethiopian duty free factory is expanded. Gl :-)

Mining Gold in Africa: A Look at Ghana, Mali and Burkina Faso

July 30th, 2018

 
When it comes to mining gold in Africa, the western side of the continent is a hotspot. It’s home to many explorers, as well as a slew of major companies focused on extracting the metal.

Ghana, Mali and Burkina Faso are three of West Africa’s most active gold-mining countries. These nations are all major gold producers, and for investors interested in gold in Africa, they are important areas to keep a close eye on.

Undoubtedly PAT will be running low on funds but they had £500k cash 31/9/18 and no doubt expenditure has been kept to a bare minimum and no field work etc has been carried out since then, and so probably still have a few £k left.

They're also expecting $500k from Galaxy by 31/3/19 in two $250k tranches....this payment is dependent on Indian Government overseas investment approval only and is not dependent on Bhukia permit license approval ( i suspect that they would have to pay an awful lot more if the permit was in place and no doubt would have plenty of competition from other suitors who would be interested in the Bhukia prospect with the permit in place, and that's why they getting in early ) and so the first payment of $250k could be imminent....a further $750k will paid by Galaxy on permit approval prior to the re-commencement exploration work at Bhukia.....watch this space. Gla Holders ;-)

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).

and then a further £1.5m from their strategic partner Republic Investment when all permits for Bhukia are in place.

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.

and there lies the opportunity for significant returns...those waiting for certainties will miss out on the potential stellar rise on permit license approval or positive progress on permit license approval .....High risk but High rewards....Gla :'

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.

Not the one we were hoping on , but good news nevertheless, you can imagine the upside when the world class Bhukia permit license is granted....watch this space. Gla ;-)