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Whilst the Panr trolls seem unable to stop themselves on the 88e board perhaps they should be reminded of their own precarious position.
The large placing that's coming here, soon to dilute by about 50% if all the cash is needed.
Indeed the recent drop from high has just added another circa 100 million shares to the count, not including the 100 million from the bonds so by my calculation we are on around another 835,000,000 shares to come. The Mangrove Partners will be pleased.
If they announce that the only surviving partner has left the building, then multiple by that by a factor of 3 if they don't get it in before the SP drop.
08:19
Stas20 - hmmm.....I'm not entirely convinced you're up to speed on this subject matter. Tell you what, I'll give you a helping hand. Go to YouTube and have a listen to PANR's two most recent webinars. You'll become informed about PANR's "live negotiations" with a "large" OFS firm.
You'll also learn about PANR's Exec Chairman's negotiations with the AGDC (Google it, Stas20) and the State of Alaska. *If* the gas pipeline is given the go-ahead that would see PANR parlay its long term (20 years?) take or pay gas contract into a govt/AGDC backed loan facility with a financial institution. PANR's Exec Chairman confirmed that the *potential* size of the facility could mean there would be little or no further requirement for equity finance to get the project to a self-financing stage.
Lots more research required by you, Stas20. Enjoy the webinars. Oh, and be sure to read PANR's RNSs too. You'll like them.....loaded with data, very transparent.
Erm Scot, unfortunately for you, maybe in your typing of you lengthy posts, you missed some of my past ones here. I explained before, however I watched the recent presentation, oh yes all of it, Panr have lost one of the potential backers, only one left in the negotiation, the company has a plan but as we know, not all plans come to fruition.
If they are not funded in the way they hope then their only recourse will be equity, they know that and so do others, $250million is the requirement and to be honest I was generous to you, price now is 33.95p a 10% discount to that price (being generous again) would give a raise at lets call it 29p that is 862,068,966 shares. Additionally, based on the recent bond conversions that could add another 100 million shares, so getting towards a billion or doubling of the current share count. Any further drop in SP adds to that dilution and Mangrove don't seem to be to worried to be closing their short, in fact they may even up it.
My view is as people get to realise this they are likely to sell out to hold in cash till after the raise putting further pressure on the share price, its all pretty inevitable.
09:00
Well, Stas20, I suggest you watch the webinars again because you clearly didn't pay attention. You have incorrectly quoted the NPV of the proposed "take or pay" gas contract and then mistakenly gone on to use that figure as the target required for PANR to move to FID and self-financing of Ahpun. Facts, not guesswork, Stas20. You should try it sometime.
Quote to me in my post-webinar content where I have stated PANR is negotiating with more than one OFS firm? You can't because I wrote no such thing. I deal in facts, and happily so. You do not.
So stipulated that not all plans come to fruition.
Question for you, Stas20. Say PANR closes on Day 1 at 35p, ok? On the morning of Day 2, there's an RNS or press release from Governor Dunleavy's office stating that the Alaska gas pipeline from the North Slope to southcentral Alaska is to be built. What SP do you think PANR, as the most leveraged play on the proposed pipeline, will close at on Day 2? I guesstimate 80p minimum, very possibly over 100p.
It is that jeopardy which blows to smithereens your favoured outcome as described in your post below.
Meanwhile, back at the ranch, what do you calculate 88E's cash at hand will be at the end of April after they pay for this season's operations? Also, do you think there is even the smallest chance Burgundy will pony up their share of this season's costs?
TRUE TO FORM 33 did say at 45 take profits
Can you point us to the post and also if you can point us to the post when you said to buy before the rise please as I can't find it !
Lol Scot
"Quote to me in my post-webinar content where I have stated PANR is negotiating with more than one OFS firm? You can't because I wrote no such thing. I deal in facts, and happily so. You do not."
Perhaps it is you that has problem with understanding, perhaps you need to first quote to me where I said you did?
As regards the 250 million, I know exactly what I stated its on slide 22 fyi
- Proposal for Pantheon to sell methane from its associated gas (ie excluding NGLs shipped through TAPS and delivered as ANS crude stream) at a base price up to $1 per mmBtu at exit to Ahpun Facility1
- Minimum 20 year take or pay (ToP) contract would provide borrowing capacity of up to $250 million at Ahpun FID (50% of Real Post Tax NPV12.5)
Note a proposal, may not even come of but the intention is clear it is this proposal that -
"This is a key underpinning of our ability to mobilise non equity capital to support the development which is the lions share of the costs that we talked about as being required to get us through to cash flow break even and financial self sufficiency"
thus without this, then non equity raise is out and dilution by equity and a lot of it is assured.