The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Based on what exactly?
After listening to this I would place my money on this being funded by equity.
Troughsnout you are now the new Tin Hat.......🤣🤣🤣🤣🤣🤣🤣🤣🤣 Keep up up the pathetic observations...
Trough - look outside the window and you will see the shares have risen from around 10p and the trend is up. If you want to continue to talk crap keep going.
Troughsnout you are a F*****g 🤡
Only discussion is with one counterparty - ie the gas. Which needs a FEED study. Which needs a pipeline. Which doesn't work without LNG. Do the maths. 11bn cost. 33bcf alaska gas demand. Currently met by Cook inlet. So has to compete with Cook Inlet gas. Which currently costs at CityGate $8-9/mcf. So my numbers are pretty clear. Even at $10/mcf with $1 for PANR that would be less than a 1% return, or 3% for displacing all of that Cook Inlet production, which presumably would need a big discount so is for the birds. Hilarious.
And lovely RNS an hour ago .. had forgotten about the helium !!! 👌
They are scoring goals all over the place!
Trough - are you finding it all difficult to understand what is being said or are making stuff up 😂😂😂
TLDR - Hobbs has basically admitted, AGDC fantasy aise, no one serious is prepared to finance this - no drill carry, no banks, no vendor financing - just a fantasy on an 11bn gas pipeline that won't wash its face based on 10bcf a year of demand in Alaska (the gap left by declining Cook Inlet production). at $10/mcf the most that would raise is $100m a year - even if that all went to the pipeline owner that would be less than a 1% return ffs. Even if all Alaska demand was switched out that would be $300m a year max tariff. A 3% return. No one is going to touch that.
Who was it that said they had whole core. Oh yeah Scot. Well they don't. Just sidewall. No one serious going to punt on these fantasy numbers without whole core and a proper long term EWT from a long lateral. As for the funding: "Funding Secured" as Elon would say!
Why? I'm agnostic whether long or short. Shorters are the ultimate price support when things go badly - they have to buy. They literally make the market more efficient. I've been long oil stocks and short them. I have no emotion regarding them, they are just prices on a screen, either at a premium or discount to what I calculate as intrinsic value. Why does that make me horrible? You seem to have a very distorted view of shorting. A short is simply a long in reverse - you buy then sell, I sell then buy. And so what? Its a neutral trade in the round.
Trough - no one believes you other than yourself believing in your own lies! Surprised you did not brag about your short many months ago if it was true
Wife and kids must be proud of you .
What an horrible individual
Shorted it at 129p, covered most in the teens, adding now. Very profitable. Thanks mostly to you chaps.
You certainly know how to make a fool of yourself, how's that short going.
If you have any sort of knowledge about investing in an AIM company then you absolutely had to know that a gain of over 30% was extremely unlikely to hold up. I am a long term holder (years) and even I sold some at 40p and then bought back this morning thus gaining some more shares. Traders were always going to bring this down after a 30% gain. Our shorter will in the near future have to start buying back its 14M shares so this will rise again. Cash needed over the next few years is 120M after that we will be self financing through selling oil. How they get that money is up for grabs but they are determined to not dilute us too much.
Enjoy the webinar this afternoon.
Fool.
Maybe watch the last corporate webinar🙄....what price did you short at?
1,2bn of producible oil. If so I'm guessing it would take $50bn+ to get it all out of the ground. And for that money I've got an LNG project to sell you!
Although still holding and hoping, I do feel that anyone who bought near the top yesterday @ 44p may be disappointed & a trifle concerned. The latest broker target price @ 80p is stated as a speculative buy.
Anyone have any accurate views and figures on how much cash needs raising to support their projects ?
It's obvious they will try soon as the share price is higher, and maybe a placing at 27.5p perhaps to tempt large private investors. Up would go the tvr and the sp would be falling back again. This company may return big money to it's shareholders, but it won't be for some years !
We will see in the next couple of months if they can put together the finance for the project. But to me its all icing on the top of the cake 1,2Bn barrels of producible oil, just in the one field will produce the $5 barrel in the ground. If you are wrong (which you mostly are) then the gas and CO2 storage will make PANR a very big company worth a lot of money.
Folks can challenge me all they like about PANR's oil. But the gas is pie in the sky. a) They need to inject it into the reservoir to sustain pressure. b) There isn't a snowballs chance in hell of that LNG scheme getting off the ground, and without it no one is going to build a pipeline to cook inlet. Its just not economic. 1) Japan/S Korea won't pay the fixed ticket price to make it work ($15/mcf+), 2) China will ultimately source its gas from Russia given the geopolitics in Europe. Gazprom gas will go east. 3). Scalability of LNG Canada in BC, backed by rich gas resources there. 4) Jap nukes coming back on stream, 5) Huge price/cost and timescale.... Need shovels in the ground before construction permit expires in 2030.
Of not F
F course nothing in certain if it was we could have a 5 in front of the SP £5.389
12:17
Nothing is as certain as some are painting.
https://alaskapublic.org/2023/12/05/persily-perforates-alaska-natural-gas-lines-prospects-in-gasonomics-talk/
https://alaskapublic.org/2023/09/15/alaska-politicians-remain-optimistic-about-ak-lng-even-as-overseas-market-cools/