Member Info for Womo

Daniel, yes the warrants kick in at 50p, if actioned that would provide DEV with another £20m

Can't get my head around how big this company could be because there is so much going on that we are not party to. So I look forward to the Final results RNS on 29th March and also the Capital Markets event on 6th April where we should get more up to date info and company strategy going forward.

Sanibel, you might see 35p today the way things are going. (Hope I havn't put the mockers on it by saying that).GLA

Nice a quiet here with the steady daily climb.... The past six month chart looks wonderful, long may it continue.

As Prof has mentioned the Kalaka project is now owned by Moydow (of which PAT has a 46.2% interest). The info below was taken from the recent Allenby Capital company note of 10th March:-
Moydow transaction and ASM disposal have transformed the outlook for financing and project development: The key question now surrounding Panthera is are the constraints being removed. We believe the answer to this question is a resounding yes. Key developments have been the Moydow transaction, the ASM disposal and the exercising of warrants. Moydow has provided both some much needed cash and most importantly a vehicle for advancing the pace of exploration and development in Burkina Faso and Mali. As noted previously, the ASM disposal has yielded a very significant source of funding to bolster the balance sheet and advance project development without recourse to dilutive sheet issues. Unfortunately, the logjam persists in India but for the moment, at least, this is offset by what is a highly prospective portfolio of projects in West Africa, one of the world’s principal gold producing provinces.

Hi Prof, Yes thanks for the Kalaka information I will spend sometime going through your summary. As you mention, a positive outcome on EUA would almost certainly de-risk any further investment for me here.

Hope all have registered for this event as Willbe interesting to hear the company strategy going forward.
Hoping we will see asp surge in advance of this.

Hmm, Yes! Very Interesting - I wonder if PAT also have a case at Taregaon where MMI applied for a Prospecting Licence at the expiry of the Reconnaissance Permit in 2013 but this has yet to be granted.

I sent a second email requesting response. Buchanan acknowledge receipt of my original request and stated details will be forwarded in due course.

Sre, no problems. It was probably a bit over over excitement from me as just having watched the interview with MB

Yes I have quoted from past presentations an estimated timeline but q2 has now been stated in an interview by MB that I only just picked up on last night.

Mickey, I didn't realise this but just found out that Labola Maiden JORC is in Q2 2021. Wow! that is almost imminent.

JORC estimate anticipated this year - Just to refresh - PAT £18m Market cap (But not for long).
Our most advanced project, Labola, a comprehensive data review is nearly complete and which is anticipated to underpin the reporting of a maiden mineral resource estimate in 2021.

Now check out the Soil Sampling results at Bido recently:-
https://www.lse.co.uk/rns/PAT/high-grade-soil-anomalies-at-bido-mexeb2dpyjvw7lp.html
The next stage of work will involve infilling gold in soil sampling of some of the better anomalies, detailed geological mapping and rock chip sampling, and possibly some trenching and geophysics. Subject to these results, we anticipate a drilling programme mid-2021."

'Drilling programme proposed for the later in the first quarter of 2021. 'Imminent!!!!!
Work since December has consisted of further data compilation and assessment including building a new combined database and validating previously obtained data. All available data has now been obtained from previous explorers.
An exploration and evaluation team has been established by Moydow including an independent consultant to manage the programme which, after drilling, aims to report a maiden mineral resource estimate for the Labola (Wuo Land) project in accordance with the JORC Code and/or NI 43-101.

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. Imminent!!!!!!!

18m Market Cap with only 91m shares in issue - Make no mistake, any positive news and the SP movement will be staggering.
Just take a look at the West African update of 25th January:-
https://www.lse.co.uk/rns/PAT/west-africa-exploration-update-kyx9v4cey2sj9kw.html

On the move!!!!

Q1 so anytime.

Professor, It does bring home the potential value of PAT going forward but a comparison with OMI at this early stage in our projects maybe wrong. Lets see how PAT and MB look to develop our projects, it will amaze me if we keep hold of 100% ownership. Could end up like OMI, GGP by only owning a smaller percentage.