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Panthera Resources Plc ( (GB:PAT) ) has shared an update.
Panthera Resources Plc announced the initial arbitration tribunal hearing regarding its claim against the Republic of India over the Bhukia project. The claim, filed by its Australian subsidiary Indo Gold Pty Ltd, addresses the breach of a 1999 investment promotion and protection treaty following India’s rejection of a prospecting license application and subsequent auctioning of the project area. The arbitration panel is fully constituted, and the hearing considered procedural aspects such as the timetable and location for proceedings. The outcome of this arbitration remains uncertain, but it could have substantial implications for the company’s investment and future operations.
More about Panthera Resources Plc
Panthera Resources Plc is a gold exploration and development company with assets in West Africa and India. The company primarily focuses on gold mining projects and has been involved in significant exploration activities, particularly in the Bhukia project located in Rajasthan, India.
YTD Price Performance: 42.40%
Average Trading Volume: 373,871
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £17.36M
For a thorough assessment of PAT stock, go to TipRanks’ Stock Analysis page.
