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Oh dear, lots of nonsense going round and around. They both have oil within their lease/‘s ( I think everyone agrees with that ) and I won’t sell any shares in either until the (d) is confirmed. Good luck with whatever you do.
GLA
Csw12, actually snow road construction isn’t underway that’s the beauty of 88e wording. They are preparing for it but it’s not actually started. That’s why half the OTC crowd think there is a 56% COS of ~650MMBO with Merlin 2, they don’t read the wording properly and to be in honest in my opinion 88e play on this.
In your other point, it really depends on ones strategy and risk tolerance. In my opinion it’s highly likely PANR will get funding, so I factor that into my considerations. Even including the funding risk I would say based on information released to date Pantheon have a much higher COS this season. Also waiting for news to drop on AIM isn’t always the best strategy, as per your plan to sell 88e pre drill suggests.
Who really knows with +\ minus 12% swings and no news.
11:31
"Unlike you, csw12, I have already answered this question on multiple occasions. Until PANR is funded for the upcoming season it is not funded. "
The question I asked was " 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?"
Please refer me to the posts where you answered this question on multiple occasions.
Without doubt he has the biggest ego I have ever come across.
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 !
09:59
GS - town ain't big enough or the two if us? Factually incorrect. The two companies will survive and indeed thrive provided their assets are commercial and they're well managed. I submit PANR's acreage is geologically superior; that PANR know more about their acreage than 88E does theirs thanks to the $80m investment in 3D seismic; that PANR has collected far more data via drilling and te4sting than the SN to delineate their asset; that PANR has provided far more empirical data to support a fundamental value far in excess of its current mkt cap. An objective investor simply cannot say the same for the SN.
10:04
Unlike you, csw12, I have already answered this question on multiple occasions. Until PANR is funded for the upcoming season it is not funded.
10:11
Ddraig - jeepers, Geology 1.01. Seems that Draig knows more about accountancy than his accountants and he also knows more about geology than geologists! No sh^t, Sherlock! "The land and assets haven't changed" Lol, that takes millions of years generally! I know what you were trying to say, dinnae fret, but you're wrong about that too, naturally. You have forgotten the successful flow test at Alkaid in 2019, the 3700ft column of oil confirmed by Baker Hughes at Talitha and the 60k odd acres picked up by PANR in the January '21 lease auction which is now termed Theta West. What was the name of the company who gave up some of those Theta West leases in Q4'21? As Julia Roberts said so memorably in Pretty Woman, "Big mistake. Big. Huge."
I wasn't an investor in GB, thus I fail to comprehend the reference to "pain". You must be mixing me up with someone else. The definition of pain will come when you attempt to place a value on the Theta West leases the SN gave up. I forecast much wailing and gnashing of teeth, properly biblical amounts of it.
Now then. We know csw12 has publicly admitted the SN is no longer rooted in fundamentals and that it's a meme hype stock now. Ddraig appears to believe in the fundamentals of the SN but cannot provide any evidence whatsoever to back up any of his posts. And dear old GS....jeepers, he thinks the wee green men are going to land in San Francisco and take over the world with the employees of Farallon acting as their human allies or some such conspiracy theory.
10.04 - Fundamentally the land and potential assets haven't changed yet when Great Bear owned it, it failed...not because there wasn't a fundamental value -it was imprudently managed....I'm sure Scot knows the pain of that...
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
Ford707.
The real reason is attached.
https://youtu.be/eUJ_ifjKopM
This is a message from several SN stalwarts.
Just for fun btw, before the pit bull starts acting like the child that he is...
Pantheon should have a great future. Am I still too early?
GS
08:57
Really simple explanation, FORD707. These two listed companies share an asset therefore comparative analysis is a legitimate and, I argue, necessary analytical method by which to assess value. Also, a disturbing number of PANR shareholders and potential investors were hoodwinked by a) the deliberate obfuscation by the SN management as it pertains to the overlap at Talitha/Icewine and b) the social media claims being made about the SN in relation to the established *facts* of the investment cases of both companies.
I'm urge you to spend a few minutes on Twitter to observe the rank disinformation which exists about the two companies, their respective potential scale, their respective data collection thus far, the complete lack of comprehension about the isolation of Umiat/Peregrine and then ask why greater factual content is required on the respective bulletin boards.
Have a look at Pander's post yesterday, for example. He doesn't have an axe to grind either way and yet he appears to accept the fallacy that the two are in any way comparable on the fundamentals - he expressly mentions mkt cap and resource estimates, for example. The SN has 100mmbo of reserves which haven't been touched since they were discovered 70 years ago. PANR has 1.9bbo of contingent resources next to TAPS and the Dalton. And yet PANR is valued by the mkt at £500m v's the SN at £200m. Those two valuations are massively out of whack IMO examining all industry-accepted metrics.
I presume you continue to monitor the SN forum? Look at the almost universal acceptance that it's a trading stock completely divorced from fundamentals. Compare that with the outrageous fundamental claims being made earlier this year and which continue to be made on other social media platforms.
You ask why? That's my answer.
What is the point in involving 88 here? I don’t get the hang up. Scott, you spent a lot of time explaining to me how different the companies are and what stages they are at. 88 is still a lot of hype and pantheon are very close to success in my opinion.
Scot i simply compared mcap and resource estimates for both.
Is it pointless to think both companies are more realistically valued relative to each other in Q4 21 than in most of H1 21
10:07
Hi Pander - I cannot possibly see how you can come to that conclusion. It either means you haven't understood Rabito79's analysis or you disagree with some of his inputs to the model. I suspect it's the latter so which variables have you highlighted where you believe Rabito79 may have erred. Based on the facts currently to hand, on any given day *prior* to the newsflow arriving from both company's operations this upcoming season, the SN should be trading at between one-fifth and one-seventh of PANR's mkt cap....and that's being generous to 88E.
Genuinely looking forward to you highlighting the parts of Rabito79's model with which you disagree. It'll be a good opportunity to test and challenge my own understanding too. Good stuff.
No urgency to read details for this morning, but i concur that getting very familiar with the numbers is very valuable.
For my money i think they show 88e & Panr sp /mcap now be broadly consistent vs earlier in year, where it was much clearer they did not appear to be
16:32
Patience, Pander, patience. Good things come to those who wait. :)
Don’t care what the spreadsheet says, i want the RNS
Dear All - I suspect most will have done this already or will have determined to do so before Monday morning. Still....I strongly recommend all PANR shareholders and potential investors read Rabito79's latest comparative analysis on PANR and 88E. The standalone work on PANR is excellent. Placing the fundamental work on PANR within the context of the relative progress v's market valuations of these two Alaskan E&P companies is also, IMHO, invaluable. Well worth the 10 minutes to read and digest IMO.
Rabito79 - many thanks for your hard work and attention to detail, and for sharing same with the rest of us. Great stuff.
Love this bit Rabito "On a risked basis this winter’s activities can support, on the fundamentals, a pre-drill share price 5 times higher than currently and could potentially drive the share price 10 times higher post-drill."