Added to YB: 2026-03-05
Pitch date: 2026-03-03
PAT.L [neutral]
Panthera Resources PLC
-1.48%
current return
Author Info
Case Research is an arbitrations equity analyst who loves: heavy asymmetry, catalysts, and general cinches! Sign up for the newsletter.
Company Info
Panthera Resources PLC primarily engages in the exploration and development of gold projects in India and West Africa.
Market Cap
GBP 73.9M
Pitch Price
GBP 0.20
Price Target
N/A
Dividend
N/A
EV/EBITDA
-26.75
P/E
-24.39
EV/Sales
N/A
Sector
Metals and Mining
Category
special_situation
Panthera Update
PAT.L (hold): India filed counter-memorial on deadline (timely vs scrambling—unclear). Claimants win arbitrations >50% including settlements. Phase 1 evidentiary hearing wraps; next is partial award on jurisdiction/liability, then quantum phase if upheld. Decision est 3+ years out. Key insight: arbitration returns concentrate 6-12mo pre-decision; precise valuation only clear retrospectively. Hold w/ stat margin of safety or trim if downside risk outweighs near-term upside.
Read full article (4 min)