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Another day nearer to Havieron becoming a mine...... And able to buy into it at a price we last saw 6 months ago.
The ii's are apparently filling their boots, and so am I, on a somewhat smaller scale
Hopefully see some drilling assays soon, Not many days left in the 1st quarter now!
Paimasa (Nigeria)
First-pass drilling has been complete for a total of 294.4m diamond drilling in two drill holes and a total of 1,369m RC drilling in 17 drill holes.
In most of the drill holes preliminary logging noted significant amounts of quartz veining and associated alteration. Assay results are anticipated to be available later in Q1 2021.
The Paimasa project is held under the Joint Venture Agreement between Moydow and PW Nigeria Mining Limited. Moydow's current holding in the joint venture company is 20% with an earn-in right to increase this to 65%.
What's not to like when a broker takes such a positive view :-
WHI View: Jubilee continues to deliver on its portfolio of projects and, in our view, this is
only the beginning. More immediately, increased commodity prices and production will drive
an increase in earnings in the current half followed in the second calendar half of 2021 by: 1)
the large expansion of chrome production at Inyoni for which Jubilee will have a fixed margin
contract to process the chrome ore and, more importantly, will keep the PGMs production
from the tailings; 2) Jubilee taking all PGfooterM production back in-house at Inyoni and; 3)
the growing input from Zambian copper production which over the course of the next 3-4
years will rival the PGM/chrome division in South Africa in scale of contribution; and all of
this before we consider Kabwe zinc-lead and any other wild card deals which we expect
Jubilee to find. Jubilee has a compelling investment case based on growth.
Morning JohnLewis,
I'm by no means expecting a day to day account of what is happening in India, as you say, the levels of bureaucracy involved will make sure this drags on for many years.
So long as Bhukia remains on the project list it's unfortunately going to be a drag on the sp, so we may as well know what we can about progress, or indeed the lack of it.
It does make me wonder what we'd actually loose by just simply walking away today, apart from the obvious dent in pride from admitting defeat?
I'm not entirely sure all of the recent decline can be blamed on India, looking at the wider sector of junior explorers, many have seen circa 50% drops. A lot of the gains of Dec/Jan were on the back of massive volumes, The volume just hasn't been there recently to sustain those highs and the sp has drifted as a result.
Sentiment in the sector will return at some point, hopefully in time to coincide with the release of some spectacular news from West Africa in the coming months, making the predictions some made a few months back on this becoming the AIM share of 2021 a reality!..... We have to dream!
While the news from India is not what anyone wants to here, I'd much rather know what is going on, than be left in the dark, thinking progress is being made when it isn't.
Unfortunately while the Indian projects are part of the Panthera portfolio it's wrong to forget about them, the share price won't just reflect what's happening from projects with positive newsflow!
As you say Fasken are on the job in India, so hopefully, with time a favourable outcome compensation wise is a real possibility.
The recent Allenby capital report gives a current value of £13m for the West African projects (around our current MCap), so I'm clinging onto hope that India is now valued at zero and all the current MCap is attributed to West Africa. So as hopefully positive newsflow comes from Africa throughout the year the only way will be up from here!.... Given the list and potential of projects, there isn't room to move the share price much lower!
Absence from what exactly? Has he not been turning up for work or something?
I'm certain that he's busy building a multi asset company for those who are patient enough to hang around to see! The only investors who can feel so insecure about their investment here are the ones who haven't done their research.... Or are just impatient.
Not worrying about it is my solution! Quick glance at any RNS releases, check the sp every so often, top up when I can and forget about everything I have no control over. Safe in the knowledge that things will sort themselves out and the true value will be realised over the coming years
I'm going to agree with you there JohnLewis, it's important to emphasise the spread of stocks and not putting everything into one stock, all junior explorers come with a high degree of risk.
A bit like horses, picking a winner at an early stage when the odds are stacked against it will give greater rewards than following the crowd when everyone knows it's favourite to win. Sadly, not all explorers find a multi million ounce deposit but a few 500%+ gains from those that do soon cover the losses from those who find a duster!
Unfortunately, my day job isn't giving me the time to enjoy the action from Cheltenham (it's a bonus when it comes to worrying about daily sp movents though) hopefully you picked another winner to fund an afternoon in your local when it reopens in the, hopefully, not too distant future!
You haven't lost anything until you sell!
If you check out the valuations in the recent Allenby capital report, you'll see the Africa projects were attributed a value of around £13 million odd which is around Panthera's MCap now, so you could argue that India is priced out and this is the bottom, leaving only upside to come.... Provided no bad news from West Africa of course!
If your confident in YOUR OWN research there shouldn't be much to worry about, I'm not overly happy to be sitting on a loss either but I believe there are potentially great times to come here so I'll, as I've said before be putting these shares in a proverbial drawer and forgetting about them for a couple of years and giving Mark and the team time to do their stuff!
Is there anything to suggest the granting of the licence is imminent?
Agreed this rise is nothing compared to what will come once the licence approval comes through but surely this rise can't continue without anything concrete in the next few days?
I'm not being disrespectful as I'm not aware of your personal circumstances but if your desire is to see a short term price of 38p to enjoy the fruits of your investment with your family, there was the perfect opportunity a couple of months ago to do just that. At least some profits could have been taken, with the remainder left for the ride. Allowing you to enjoy the most important thing, quality time with the family and also a foot in the door here for when the good times return.
I'd imagine the only one's who are currently happy are those who are new here or topping up but the one thing that is almost certainly guaranteed is that 38p will return..... But you'll just have to be patient.
Your right Chester, it is undoubtedly a fantastic idea, but it's not for anyone on a chat board to coordinate such an effort, we're talking of handling hundreds of thousands of pounds from many anonymous investors..... That can only end in disaster.
Legal implications aside, I wouldn't be happy handing over money to anyone on here, however if those who expressed an interest here contacted Greatland and expressed their interests, they may be able to work on something more 'official'
The talk of split came about because of a misunderstanding of the share price. The original poster thought the sp was £19 pounds rather than 19p.
Would be worthy of consideration from that price but as it's not the case the matter can probably be considered closed!
On the subject of CEO communications, does Mark have his own Twitter account?
The company account is pretty good and up to date but never managed to find the top dog himself on Twitter.
Obviously news can only be released through official channels but it's always reassuring to see a few words from the CEO on the relevant topics.
Hi Bmdjf,
Correct me if I'm wrong but the sp is 19p, rather than £19..... I've been buying at bargain prices if the sp is in the pounds anyway!
Doubt a split is going to make the company more appealing from where we are just now, solid drill results and resource estimates are what's needed to raise Panthera's profile and attract more investment.
It was indeed a positive RNS, but all it really says is that targets have been identified. Drilling results, if positive are what will send the sp north.
Hopefully they can get the drilling programme prepared, approved and up and running shortly to build some momentum.
It's worth remembering as well that Kalaka was spun off to Moydow and as the following extract from Wednesday's RNS shows the licence holder is Golden Spear Mali, their stake in the licence will reduce to 20% once spending commitments are met. It's another finger in the pie though, and reduces any potential returns to Panthera.
Kalaka
Licence
Located 260 km south east of Bamako: The Kalaka licence covers 61.5 km² and is located
260 km south east of Mali’s capital, Bamako. It can be accessed from Bamako on a major
paved road in the direction of Sikasso, the regional capital of the same name, close to the
border with Burkina Faso. The last few kilometres are on gravel roads. Kalaka is about 85
km north west of Resolute’s Syama mine.
The holder of the licence is Golden Spear Mali. Before the spin-off to Moydow, Panthera
was seeking to earn an 80% interest in the licence by spending $1m on exploration over a
four-year period. Golden Spear also has the right to a royalty based on a 1% net smelter
return up to a maximum of $3.0m.
It is frustrating that the sp is going nowhere currently, but nothing happens fast in this sector and it's usually patience which is rewarded most handsomely.