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As stated previously! I expect this to fall under 30p today in the light of a substantial fundraising package that will be heavily discounted. We are now mid 31.5 and falling, dont listen to the rampers and rainbow chasers this is falling quickly....
Stas20.
Is your Pantheon short position very large? You must be breathing a sigh of relief that you have swung the narrative to talking dilution where as the company seems focused on the Aphun updates and gas/vendor discussions and taking the company onwards and upwards .You must be congratulated on creating distraction..People like you feed off the quiet times when a company has no announcements to make, as if silence means bad news ,rather than silence means they are working hard at their jobs to get the work done in order to progress the company...When you talk about moving averages and where you think that points the share price towards, did you predict the share price when it rose above 40 p recently?
As for funding. People may prefer to listen to the two most recent pantheon webinars, i certainly do. They have made their plans very clear.
People like stas have incorrectly predicted dilutions since last year, yet they never hold their hands up when they are so often wrong.
There is nothing more tedious than one person having two accounts and faking a conversation to make it look less like guano. On mobile, the filter option is right above the chat now, so Stas and Michu you are added to the quite extravagant filter list. Good day!
08.52
To clarify, my post was aimed at both sides of this sordid debate (apologies for defaming the word).
You see, it's not all about you.................
For what it's worth , I agree with a balanced argument, just not the extraordinarily tedious repetition several times a day.
"Please button it for the sake of the very significant and mainly silent majority"
I assume you asked Older and Scot to do the same, whilst they spent every waking hour, day and night spreading FUD on the 88e board and ramping Panr. hmm yeah thought not.
Anyway, ignoring that, as this is obviously not the reason I am here. I am here only to bring balance, to highlight the facts nothing more as we don't want anyone ramping the company without showing the technical and fundamental risks, that would be disingenuous.
You may be in danger of breaking a nail?
You may be pleased with yourselves in the point scoring stakes, but you are doing no favours to either business, nor, most importantly their shareholders. It's all about self-importance.
Please button it for the sake of the very significant and mainly silent majority.
Looks like the 200 day EMA and the 50 day SMA are sitting at almost the same level at 28.7p both together and panr now just under the fib support of 32.5. This could become a moth to a torch. will this be day 7 of decline.
I also note that were this 88e, Older and Scot would have been all over this warning people.
What warnings did they issue here after the interim results showed that Pantheon's statement, also backed by the auditor's note, suggested that while the company is working towards securing the necessary funds, it has not yet secured all the financial resources required for the next 12 months. This places the company in a precarious position where it needs to successfully secure funding to maintain its operations and fulfill its strategic plans that the financial statements were prepared on a going concern basis, which indicates that the directors believe they can raise the necessary capital, but there remains an acknowledged risk that they may not be able to do so.
Just for clarity, When a company's financial statements are prepared on a going concern basis, it assumes the company will continue its operations into the foreseeable future. However, if there are 'material uncertainties' mentioned by the auditors—like in Pantheon's case—it indicates that there are significant doubts about the company's ability to continue as a going concern unless it resolves those uncertainties.
In Pantheon's situation, the uncertainty revolves around securing sufficient funding. The auditors' note about a "material uncertainty related to going concern" essentially serves as a warning that if Pantheon does not successfully secure the needed funding by the targeted dates, there is a real risk that the company may not be able to meet its financial obligations and continue operating beyond the next 12 months. This does not mean that failure is certain, but it indicates a significant risk that stakeholders should consider. The company's future viability is contingent upon the successful implementation of its funding and operational strategies as outlined in its financial and strategic planning documents.
I assume that Older warned everyone here about this.....
As expected, dropping as we speak..... under 30s look probable here today...
Oops
Lol Older "No apologies from me for bringing fact to fantasy land"
- 270 posts in 30 days on a share you are uninvested in to help those poor 88e shareholder, a share you have no financial interest in and over 10 times the posts that you do here that you are invested in, hundreds of man hours for you to try and save your fellow man, what a saviour you are.
Or is it that you are short 88e. btw
you didn't answer someone's call yesterday,
"Did you warn people on the Panr board about buying in at 130p ? But the knights in shining armour are here to save people from 88e "
Expecting this to drop today as we all know Friday's are the days for not so good news. I would tend to agree that any prospective raise will be unfavourable to those holding. Nevertheless, as you clearly highlight you are willing to see this through no matter what the financial consequences behold.
Oh, and you forgot to mention the statement below which has to be taken into consideration. There again this statement which was released wont fit in with your ramptastic agenda.
"There can be no guarantees that either vendor financing or offtaker financing arrangements can be concluded on terms acceptable to each party".
Great post older
And making clear funding to achieve cash generative will be on a draw down facility only and weighted towards end closer to cash coming into coffers
David Hobbs quoting over months talks with 5 plus suitors now down to one favoured source with agreeable terms I believe we’re nearly there if not already with a deal just to receive last 2 reports to cross t s and dot the I s
06:50
Quite right, DrMicho. I also think "funding news will be released soon." After the 2 inbound IERs on the Ahpun Topset and Alkaid ZOI we could hear about a vendor finance deal signed with a "large" OFS firm.
Then we could all be reading about the Alaskan gas pipeline where PANR has already agreed terms with the AGDC for a long term (20 years?) take or pay arrangement. If the pipeline is given the go ahead, and the Governor of Alaska certainly believes it will happen telling CNBC to expect news in the next couple of months, then the SoA/AGDC/Alaskan utility cos will act as guarantor/arranger of a facility with an Alaska bank for up to $250m.
Exciting, isn't it, DrMicho? Question for you. Say PANR closes at 35p on the afternoon of Day 1. At 7am on Day 2 there's an RNS confirming the pipeline has been given the go ahead. Do you reckon PANR will a) double or b) treble in price by the end of Day 2? Could you imagine being short on the morning of Day 2? Could you imagine having no exposure to PANR's investment case on the morning of Day 2? But that's what you're advocating, DrMicho.
Yikes.
🤡🤡🤡🤡
I would expect that funding news will be released very soon. LTHs understand that money is needed to move on and posting encyclopaedic posts isn’t going to change that reality. The discount will be sizeable to accommodate the prospective raise. Run for cover and grab your tin hats it’s going to be messy.
The important fact in relation to funding, is the timeline at which funding is required.
The quoted $150 m included 3 delineation/exploration wells in Kodiak, with $120m being for initial production in Ahpun, including G&A till then
What is required is a funding stream that draws, as required, with the bulk of it being at the back end, where drilling, hot tap and refrigeration plant are paid for. This will place the heavy expenditure close to receipts of oil revenues
Funding options, be it vendor, off taker, reserve backed lending, debt, or equity, will be accessed as needed, not some big pile of cash sitting in PANRs bank account earning less interest than it costs to have
More a commitment to advance services when required, by say the vendor client.
I understand the impatience by investors to rip off the plaster, pre fund everything now and tell the fudsters where to stick it. But that option would although satisfying, lead to greater dilution than required, so I am happy to let PANR follow the path they have laid out (minimize dilution) , continue to build the share price with more IERs and other progressions
Raise small amounts via equity if required against an ever improving share price if prudent, the end goal is clear $5 to $10 per barrel, of an ever increasing amount of resource, with vastly improving flow rates, significantly above the now ultra conservative modelling, used in the base case that delivered $10/bbl at $80 ANS oil price
If as is being stated, the lack of communication around funding is what’s weighing on the share price. Then imagine the relief rally that could occur if or when the funding solution is RNS’d.
Rabito and others included on truthful matters regarding panr.
First class post olderwiser, there are many tbats on aim co's posting no nowt nonsense and then there is honest open observation from yourself and Scott..f the stupid ...carry on with knowledge, and truthful insight on our acreage..
What a co incidence, the crew of rampers from 88e, where every word is a celebration, facts are hissed at like they are demons and logical discussion is shouted down, are moving in vent their frustration at their failed annual pump and dump.
The blame for the failed pump and dump of course goes to posters like myself, who committed to bringing fact and analysis to the 88e table, so allowing the intended victims to escape the fiction mob mindset that was being sustained so vigorously
Time has now shown, the tight down dip low net to gross pay reservoirs have flow tested poorly, with their SMDB only producing 4 barrels of oil, in 16 hrs in the oil producing section of flow back and clean up.
No apologies from me for bringing fact to fantasy land, and geology always was going to have the last say.
Unremarkable for me to see this same crew of deceivers, have now changed their spots and can only find FUD to spread here, what ever happened to the unicorns and rainbows
It all seems to be some childish tit for tat following 88e news. Personally I care little for most peoples opinions on the bulletin boards so it can all wash away as far as I’m concerned
There is no issue being long or short,but intentionally spreading rumours to manipulate prices is a different matter entirely.
It appears to me that many of you have engineered a way of talking dilution and that it could be soon and heavily discounted.
Based on what?
Many of you have been suggesting the same for so long and yet have been wrong but continue to push it.That seems like dubious behaviour.
You also seem to completely ignore what the company has said about what they are trying to do about external funding and instead replace their commentary with your own narrative and act as if your dilution predictions are the only solutions the company has.
What happens if the gas pipeline doesn’t go ahead. Is there a plan b?