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My second buy tip for 2021, a speculative play on Standard-listed Panther Metals (PALM) has had a good fortnight as first a series of TR-1s showed some buying by larger holders including CEO Darren Hazelwood and then on Thursday a new Gold target was announced at the Merolia project in Western Australia, following an auger drill geochemistry programme.
Previously writing on Panther Metals (PALM), we noted value creation potential from an intention to make an IPO of its Australian assets on the ASX Exchange. The company now argues a “significant step” towards this.
Standard-listed Gold explorer Panther Metals (PALM), under the oversight of Ariana Resources’ (AAU) CEO Kerim Sener in the position of Chairman, has announced that the Australian listing of its Aussie assets has moved a step closer with the completion of a pre-IPO funding round. This is good news – especially if one considers the implied valuation.
Panther Metals (PALM) has announced its calendar year 2020 results including emphasising that it has “developed the business to a point at which the portfolio may be rapidly commercialised”. Whatever you say Mr Promoter, what does that actually mean?...
Sub-Standard-listed Gold explorer Panther Metals (PALM) has released its FY20 results today. The numbers are largely irrelevant (losses) but the progress has been impressive for a company being run essentially on a shoe-string.
I am aware that a number of my colleagues view Panther Metals (PALM) shares as jolly cheap and they may well be right. However today’s news of a small placing just looks grubby and I don’t like the smell of it. Let me explai
Standard-Listed Panther Metals (PALM) has announced some details of a plan to list its Australian assets on the Australian Stock Exchange in a deal which will, it is hoped, see AU$5 million raised to fund drilling of the prospects and which, if successful, could lead to a major re-rating. But there is more to this deal than meets the eye.
Previously updating on Panther Metals (PALM), in December we noted the shares had jumped up to above 12p from our 10.5p offer price October tip and that we continued to target 15p+ on the further anticipated news flow. The company is now excited to be getting 'boots on ground' at Merolia to test a priority target zone...
My second tip for 2020 has got off to a bit of a flyer: (sub-) Standard Listed Australian and Canadian gold play Panther Metals (PALM), tipped at 13.75p a few days ago, closed out 2020 at 15p. But on New Year’s Eve – no-one-is-watching o’clock – out came an RNS entitled Year End Review. Was there a dead body to be found?
I am quietly warming to (sub-) Standard-listed Panther Metals (PALM), chaired by Kerim Sener of AIM-listed gold producer Ariana Resources (AAU). Both are involved in gold, both are being run very conservatively and, of course, Kerim Sener is involved with both. When I first wrote about this company back in August, I had two main concerns: it is Standard Listed, and Peterhouse was the Broker. Despite those concerns, I picked up a few at 9.6p earlier in the year - a case of following the man (Kerim Sener) - but there may be some good news…..
Having previously banked big, quick, gains we again said buy Panther Metals (PALM) in October at a 10.5p offer price, looking for further exploration news upside though also noting risks including the balance sheet. And now recently from the company a placing. Disaster? No way!
Standard-listed Australian Canadian gold explorer Panther Metals (PALM) – chaired by Kerim Sener of AIM-listed Ariana Resources (AAU) – has announced another small fundraise, this time £300,000 worth of new shares at 10p a pop to give the company funding “well into 2021” as it progresses its portfolio of gold assets.
We recommended shares in Panther Metals (PALM) in July, taking a 55% bid to offer gain just a week later at a 13.2p bid price. That proved well-timed as the shares have since slipped back. However, overall, junior gold excitement has even strengthened since then and, in this environment, there look the potential catalysts to spark the shares to 15p+...
There are many reasons to dismiss Standard-listed Panther Metals (PALM). For a start, having decided to depart the Nex (now Aquis) lobster-pot, it opted for the somewhat tainted waters of the Standard List, rather than a full listing (which, to be fair, at the time would have been a bit of a joke as its market cap would have been very small). And its Broker is that bastion of the bottom end of AIM, Peterhouse Corporate Finance. My immediate reaction is already to wave a red flag over this investment. But there are some attractions – enough to warrant a small spot in the cellar of the Montana Log-Cabin?
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