Panthera Resources Pursues $1.58 Billion Claim Against India Over Bhukia Project

The latest update is out from Panthera Resources Plc ( (GB:PAT) ).

Panthera Resources Plc has filed a US$1.58 billion claim against the Republic of India for alleged breaches of a bilateral investment treaty related to the Bhukia gold project. The company, through its subsidiary Indo Gold Pty Ltd, claims that its rights to a prospecting license were denied, leading to a total loss of investment. This arbitration case highlights the ongoing challenges in securing mining rights and the potential financial implications for stakeholders involved in the Bhukia project.

Spark’s Take on GB:PAT Stock

According to Spark, TipRanks’ AI Analyst, GB:PAT is a Neutral.

Panthera Resources Plc shows a strong technical performance with positive market momentum, but financial instability and lack of profitability weigh heavily on the overall score. The recent corporate events provide a positive outlook for potential future growth, yet significant financial risks remain due to operational losses and reliance on external funding.

To see Spark’s full report on GB:PAT stock, click here.

More about Panthera Resources Plc

Panthera Resources Plc is a gold exploration and development company with assets in West Africa and India. The company focuses on advancing its gold projects, particularly the Bhukia project in India, which has significant gold reserves and potential for large-scale mining operations.

Average Trading Volume: 1,503,424

Technical Sentiment Signal: Buy

Current Market Cap: £43.47M

Learn more about PAT stock on TipRanks’ Stock Analysis page.