Panthera Resources (PAT)

Sector:

Mining

Index:

FTSE AIM All-Share

11.50p
   
  • Change Today:
    -0.50p
  • 52 Week High: 37.00
  • 52 Week Low: 4.75
  • Currency: UK Pounds
  • Shares Issued: 90.88m
  • Volume: 104,094
  • Market Cap: £10.45m
  • RiskGrade: 725

Panthera Resources allows term sheet with Galaxy to lapse

By Josh White

Date: Tuesday 04 May 2021

LONDON (ShareCast) - (Sharecast News) - West Africa and India-focussed gold exploration and development company Panthera Resources announced on Tuesday that the term sheet with Galaxy Gold Mines had lapsed, effective 30 April.
The AIM-traded firm said that, following the recent changes to mining law in India, it had decided not to extend the term sheet with Galaxy.

It said its efforts were focused on pursuing its legal rights in India, and working with Fasken in preparation for a potential international arbitration under the Australia-India Bilateral Investment Treaty.

"On 20 December 2018, the company announced that Indo Gold (IGL), a subsidiary of Panthera, had entered into a binding term sheet with Galaxy," the board explained in its statement.

"The term sheet was subsequently amended and extended to 16 December 2020 and 30 April 2021."

Galaxy retained a 5% equity interest in IGL, with the remaining 95% interest held by Panthera.

"IGL holds Panthera's mining and other ownership interests in India, including any rights to the Bhukia Project," the directors added.

At 1123 BST, shares in Panthera Resources were down 6.69% at 13.06p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PAT Market Data

Currency UK Pounds
Share Price 11.50p
Change Today -0.50p
% Change -4.17 %
52 Week High 37.00
52 Week Low 4.75
Volume 104,094
Shares Issued 90.88m
Market Cap £10.45m
RiskGrade 725

PAT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
58.7% below the market average58.7% below the market average58.7% below the market average58.7% below the market average58.7% below the market average
60.34% below the sector average60.34% below the sector average60.34% below the sector average60.34% below the sector average60.34% below the sector average
Price Trend
55.16% above the market average55.16% above the market average55.16% above the market average55.16% above the market average55.16% above the market average
61.83% above the sector average61.83% above the sector average61.83% above the sector average61.83% above the sector average61.83% above the sector average
Income Not Available
Growth Not Available

PAT Dividends

No dividends found

Trades for 28-Sep-2021

Time Volume / Share Price
10:21 6,545 @ 11.84p
10:01 210 @ 11.85p
09:11 6,808 @ 11.17p
09:08 2,460 @ 11.85p
09:03 7 @ 12.00p

PAT Key Personnel

COO Antony Truelove
CFO Mark Cranny

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