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13.38 Could be like 88e dropping the Theta West leases.
12.33 - Only time will tell if OW's lock stock sell out of 88e in preference of PANR will pay off. Would be really tough to del with if it doesn't. Can you imagine dropping a golden egg with only yourself to blame....
13.07 - All we know is the management was imprudent and until the assets are proven....they are unproven.
12.29 - He's the Lewis Hamilton of penny share BS....7 times world champion and going for the 8th - albeit strong competition from Rabbit this year ha ha ha ;-)
10:07
Great Bear's business model appeared to depend on receiving regular and pronto incentive payments from the State, when they stopped in ~2016 all works stopped, Pat Galvin with his inside knowledge of SOA I am sure knew that the payments would not be forthcoming in the short term so the writing was on the wall.
At at that point GBP had modern 3D across most of their territory and a well waiting a flow test but stumbled on for another two years before being forced into a sale as a distressed company, during that period I am sure that they would have spoken to a number of companies (rumour unconfirmed was that OSL took a look*) but despite the location near to the Dalton and modern 3D and LIDAR no one took a chance until PANR.
I have always wondered if GBP were effectively dormant or did others look at the project and either not like what they saw or perhaps what GBP wanted?
We will never know.
* Ryan Moynagh Former CFO of GBP had worked for OSL in his earlier career.
https://www.petroleumnews.com/pntruncate/74818552.shtml
Olderwiser — smoke and mirrors
Just like you
Other point I generally only respond to PANR comments here, go read my posts and see where I have ramped Pantheon on here? I would be surprised if you have find many. Likewise if you find any false information on 88e I would be surprised. Well overspend, APDC/Erik/Dave selling are all part of the investment case. As is the OTC hype and predictable (hopefully) share price increase ahead of drill. Newanda wrote a great post on this previously.
No Scot but I enjoyed Tony’s post about you ….
Think we all voted for your award ….
You can stop trying so hard now Scott - I have it on good authority that the Gold Medal in the As*hole Olympics is yours !
11:38
Brian1234 - what did you make of Rabito79's remarkably detailed comparative analysis? Did you agree with his work?
to everyone else still interested in the fundamentals of 88E, don't you find it odd that not one prolific poster, in fact not one poster in general, has engaged with Rabito79 to discuss/debate/disagree/query any of his analysis? There's no question that the work is of a high standard so it's a more than worthy item to be the subject of a discussion. So why the silence?
I'll try to answer that question. How's this for size? The vast, vast majority of you have finally admitted that 88E is a punt, divorced from the fundamentals and you're content to wait for the US OTC Wheel of Fortune to start spinning again so you can take advantage of their naivety and gullibility. Fine, knock yourselves out. Just quit with the sad and puerile attempts to justify this legitimate but rather unfortunate strategy.
For those who still wish to rely on fundamentals to support their investment strategy, I cannot recommend more highly reading Rabito79's comparative valuation work.
This is a dodgy company. All Erik has to do is look down the hole and shout 'traces of oil', and he is 20% up the next day. Got to love it.
I mainly post on others sites to discuss PANR (one which Ddraig set up two different accounts to discuss Pantheon). In general the Pantheon board is quiet here, 88e seems to be the opposite way round.
I don’t really care if you believe me but I bought some 88e shares a few weeks or so ago at 1.60. Currently down but plan is to sell in February. Not a massive holding.
Rabit
2 post for Panr , 32 post for 88e on the red/blue pie chart
Bizarre
Ramping Panr on here and Deramping 88e
Your invested:))) my botty
I’m invested on both
It’s been answered already, but you wouldn’t know as you have me filtered apparently. Which begs the question why you are asking a question to someone you have filtered. Yet you accuse me of wasting my time, classic.
Anyway since you brought up Pantheon (again!) , funding will be farmout or cash raise. My thoughts are farmout as I believe the short term loan points to this. I think APDC deal was executed on 4th December last year so we are a whole 3 days later currently. I can remember Ddraig banging on about 88e boards incompetence last December funnily enough. Strange he has no problems rehiring an outfit which managed an 130% overspend last year. I though he was in finance as well.
MAybe Rabbit can answer CSW12's comments as Scot has unusually gone silent
"Scot it's all very well bleating on about comparative analysis of fundamentals but surely a better comparason right now would be around the fact that one company has a rig contract in place, funding in pace, and has RNSd the fact that snow road construction is underway, and another company has not even managed to get the funding in place?
Which company has a rig contract in place"
09.15 Moda, I have told you my investment strategy here, it’s much the same as Erik Opstad’s and Brombarb’s apart from I have been open about it. The OTC controls this share now, not the UK. What we say and do here will have little influence. If you can pick out any false information in my posts I will happily amend them. It’s a shame you resort to personal abuse, you have been hanging around Ddraig to much. Maybe go back to sharing all those links which I am sure you do for the benefit of mankind.
09.50 and 10.07 Ddraig still banging on about Pantheon he is obsessed. Ironically he posts more about Pantheon than 88e. More personal attacks what a surprise. I wonder if his comments count includes all those removed for vile personal abuse.
Remember PANR used to be Great Bear....that failed due to management errors (lack of prudence). Fundamentally the land and potential is the same yet it failed. Maybe its happening again? Maybe that lot should think about that. Bet a few companies would like that and obtain the assets from a fire sale.
It's interesting that Rabit wastes his life trying to damage the shareholder opinion here. Even if people decided to buy PANR shares thats secondary market, not primary. PANR overwhelming problem right now is they want to start operations in the next 4 / 5 weeks and don't have the funding in place, and worse, have a revolving credit facility at a whopping 10% interest rate to cover general company costs. As I've said before, its poor management to allow themselves to get into that position....and thats because its a business run by engineers, not business people.
Maybe they'll pull the rabbit out of the hate (couldn't resist) but doesn't detract from the point....they should have planned not to push it to the wire...market doesn't like that sort of thing.
I believe it is called integrity, invest in a stock and remain honest about it. Not many here will recognise it.
you claim to be invested here,then why are you trying to
deter people from investing here.
confirmed snake !