The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Just topped up 87617 @6.38
GLA
NO SIGN OF BHUKIA AUCTION
Https://mines.gov.in/webportal/content/archived/details-of-successful-auction-during-the-year-3378
To everyone here and the entire team of PAT and wishing you the very best in 2024.
GLA
On amicable agreement:
If PAT were to go down this route if offered by the Indian government, I would be very very careful indeed. From what we have seen in their cunning way to change the mining law, what guarantee is there that they will not change the corporate tax law for the gold miners such that they can EXPROPRIATE most of the profits leaving the company completely dry. PAT would again be bound by the laws of the country.
I simply do not trust the govt
Ejt
Sorry my mistake, a NOTE
I was hoping for an RNS on the 21st but it came a day early!!
Nice one Geng
How much time PAT will give in its LETTER ( PRIOR TO THE ACTUAL NOTICE) to the Indian authorities to come to to an amicable solution?
Has that letter been already sent? I don't think the sending of the letter will be RNSd.
The international tribunal will look at the market value of the asset and it takes no genius to figure that out based on the true potential of the asset, namely, the present value of the cashflows based on at the minimum 6.8 million ounces. This figure has been hammered by PAT in every communication, not the Jorc compliant 1.7 million ounces.
ac may give a 10% chance but the fact of the matter remains:
the indian and rajasthan governments are:
1) in breach of compliance with the law
2) have expropriated the asset
3) will have no legs to argue the case in the internatiinal tribunal
fasckens know the true case of success rate here
more like looking at 90% of damages claim
you only have to look at the ****stan case.
gla
Nice step forward and piling up the shares
I tried looking for any news on the auction and found nothing. Looks like it has stalled. Will be interesting if we do not see an RNS before the end of the year
GLA
Hopefully, RNS on 21st?
I take your point Buci
Yep, looks like calm before the big storm. Waiting for MB to announce at least $2 billion claim
What better time than MB to release the news over Christmas
GLA
Would be delighted if I can hoover up some of the shares being sold!
Spot on jive_turkey
Time to start loading up here, for me at least
Sujood
Agree with you. I listened to the VOX interview and AS couldn't be much clearer although he does sound tired.
Precision works
Clear commercial strategy to develop AVA6000 on our own - We are at a beginning of the value curve and If we partner too early, we would not maximise shareholder value. It appears they are very confident AVA6000 will get approval on completion of phase 2.
Partner the platform
What about AVA3996 to cure solid tumors - still to come