Member Info for Pk73

The big sell off by somebody of 9 shares (totalling £0.54) has dropped the SP to 6p....

That massive trasnaction has wiped half a million from our value...

Go figure.

Well the auction is on Thursday, so there’s defo potential to be a news rich week….

Wonder how the online auction works? Closed bids or open room… not talking chicken feed either way…

Was just thinking how much DD these bidders could have done? Or indeed what is in to tech info pack for 18k? Wonder if they did any further drilling or investigative works?

Problem is, I suspect none of that will be made public, nor will the girth of the stamped addressed brown envelope…

In the hands of gods now….

Worth a re-read of allenbys research note again.. https://wp-allenby-2020.s3.eu-west-2.amazonaws.com/media/2023/11/20231109-Panthera-Resources-plc-PAT.L-Allenby-Capital-Update.pdf?c3911=on

– Litigation status: The litigation process against the Republic of India will remain at an

early stage even following the commencement of arbitration. According to Panthera,

proceedings are likely to take at least three and possibly five years. In the intervening

period there is, however, likely to be influential news flow. Near-term, in the absence of

an amicable settlement, the key items are likely to be the commencement of the

arbitration process and the size of claim for damages. We would expect the latter to be

announced at the beginning of the arbitration process probably in early 2024.

Both of these things mentioned can’t be far off now….

It’s all conjecture and each time I reach a conclusion, I start again and come to something else…

One thing for sure, is that it ain’t 11m like we are worth today.

(Being an optimist, I’m with the prof, and just don’t think MB would accept a lowball figure given the profit once the stuffs dug up…. I think for a quick settlement it needs to start with more than a 5, and think the mine will sell for 1m- 1.5bn $ unless the auction is a sham in which case we head to arbitration armed with other mine sale values)

Hopes and dreams hey… anything over a quid pays off my rental properties mortgages….

Genuine good luck and I hope whatever happens meets whatever expectations you have… as Gallmat said a couple of weeks back, MB seems to be the right person for the job.

Is two weeks tomorrow…

Any takers for an RNS by cop on Friday 3rd?

Whether it’s sold or not, it’s significant news for the business, and the outcome I suppose should be reported as per AIM rules…

Only reason why not would be if it’s not made public immediately.

If not sold, question would be is it price or is it because of our claim.

If it is sold, the RNS should be whether the arbitration letter had a first or second class stamp and how many zeroes are we asking for.

Just don’t see how the 2nd may isn’t a notable day either way and I think our nomad would have to issue an RNS…. Gulp.

Yeah defo bed and is a trades at this time of year… Squeaky bum time doing it when there’s news imminent! 😛

Yep, @sheer, if MB or LCM need a hand in pointing out the obvious shenanigans afoot then they can come to us!

Seriously though, it’s quite clear from just these two articles that some brown envelope from an Indian miner has gone to grease the pockets of the government somewhere along the line.

Totally happy with my investment here as it’s pretty bl00dy clear to any arbitration court what’s gone on.

Pk

On the link in the message below, but been keeping an eye here- https://mines.gov.in/webportal/content/ongoingnit

Just spotted on another article a very succinct summary of the brown enveloping that’s been going on:

The state’s trade bodies and businessmen have urged the government to amend the gold mine auction system and provide mining contracts to local businessmen.

About a decade back, the state had discovered 113.52 million tonnes of gold ore in reserves in the Bhukia-Jagpura village of Banswara district.

Full article: https://www.business-standard.com/india-news/rajasthan-s-trade-bodies-urge-govt-to-amend-gold-mine-auction-system-124022600693_1.html

That’s exactly what’s been going on, and that’s your smoking arbitration gun…

Looks like last bids received on 12 April….

https://www.myind.net/Home/viewArticle/first-ever-e-auction-for-gold-mines-initiated-by-rajasthan-government

Just trying to research a bit more on the other gold mine for sale in the area, Kankaria-Jara, Albeit much smaller resource estimate, but it would be interesting if there’s any price leak on that one so we can multiply up to get a ballpark…

This article says may 2nd for sale or the bhukia mining license… or another way of saying that is our mining licence..,

Best of luck.. agree that we ain’t remaining news-lite over then next three weeks or so! I hope anyway.

Pk

Bhukia gold mine is being auctioned.. we have a claim to it.

Once bids revealed that will give us a value, and that is likely what we will claim (plus or minus) through arbitration.

You don’t need to do anything unless have a billion burning a hole in your back pocket and want to make a bid…. (But it’ll cost you 18k for the prospectus to keep us riffraff from knowing its expected value).

Good luck in your decisions.. the last RNS is a pretty good summary.

Pk

Super interesting points there.

Nice work, chaps.

Whilst the RNS wasn’t ground breaking, it does show that mark is doing things by the book and we can expect timely updates.

Can’t believe there wasn’t any reaction in the sp today..

I would have thought it would be arbitrated at current value. PAT have had a claim there since the early 2000’s I think. Can’t imagine they are going to use historical gold prices.

If you are indeed correct then it stands to reason the claim would introduce an interest factor then wouldn’t it?

Not going to know for sure until the claim is published… if indeed it ever is…

This isn’t bad timing….

https://www.share-talk.com/gold-reaches-new-peak-amidst-rising-tensions-in-the-middle-east/?utm_source=newsletter&utm_medium=email&utm_campaign=Share+Talk+Newsletter

Especially when the counter party have suggested 7.2Moz in the disputed earth…

Buying or selling?

Couple of decent ‘unknown’ trades this morn.

The price paid looks like buys rather than sells to me… still can’t break that 7p resistance though… any signs on the charts @geng? Or is it a case of waiting for the next update to kickstart a move?

The 245k trade made me check my holding, though, to make sure I hadn’t traded my similar amount by accident!

Pk

The more people that contact mb, the less time he’s got to focus his job. My pestering only has opportunity to delay and I’m happy with what I read in the RNS’s and am long on this, so no real urgency…

Glad you called, @gallmat, and posted positively about that. I’m happy to wait for the next RNS.

Some shift in sp upwards would be nice in the next few weeks, mind. Got a rental property purchase going through in may… a rise to 36p would pay for that! Not that I’d sell my stake here for that, I’d feel better about my choices!

All the best to all holders large and small…. Come on MB!

pk

Is in three trading days…. Can we have an update on various progresses please, MB?

Dude, that’s your call! Plenty of info in RNS’s and researchable. If you believe what you read and like it, go for it. If not, don’t!

DYOR and good luck!

Https://mines.gov.in/webportal/content/ongoingnit

The bhukia auction is showing as tentative May date. Others are showing as on hold or in dispute due to litigation.

Obviously we know bhukia will be in dispute… be interesting if any change appears here when they receive our notice of arbitration or if the auction goes ahead.

Don’t overlook the African assets @gall… they’re pretty good too!