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Follow you over there
And glad you could post on here . Thx
Stop this moronic bunch shorters
I don't often post here but suspect the negative agenda to support an opportunistic short attack has come here because it has completely lost the case on advfn.
Be very careful if you are short as the last piece of news - an updated IER on the Kodiak field - resulted in a 25% surge. Another IER upgrade is imminent on part of the Ahpun field. Probably won't exceed 25% but you never know as these IERs are feeding into the funding negotiations. But anyway, 25% when you're short on margin at 20% is a 100% loss, so be prepared to be very quick to close.
Those who know me will appreciate I dabble a bit in chart analysis. We are very close to the support level of 30.50 which is apparent if you draw a horizontal line on the chart at that price going back a year or two. You can ignore that if you will but guild members on advfn tend to ask me for views on how the chart is doing and, leaving modesty aside, I get it right more often than not. So expect a bit of a rush there should we fall any further. The other thing to note is that we are coming up to the w/e. Like it or not, that usually results in some buying in expectation of a news event, as the w/e gives professional service companies time to finish their (IER) reports, etc.
My last comment here refers to our Chairman's reluctance to raise funds in the open market via share offers. Anyone who follows PANR closely will know he is a major shareholder now and frequently states his reluctance to raise cash via dilution. There is simply less risk in a long here.
My guess is Nathaniel from Mangrove in disguise :-)
Stas
Such a long reply and yet no answer to one simple question,are you short Panr?
Ver suspicious.
Now 31.30...wheres the bottom??? most probably somewhere in the early 20s once the funding package is released.
DrMicho
Are you short Pantheon?
SP dropping further to 31.36p....looks like the 30p will be in reach very soon...You could always top up or buy a few more for certain losses.....
Tony, for my respect to and your views and understanding your concern, I shall cease my input on this board, .....unless of course Scot and olderwiser that have absolutely no financial interest in 88e continue their attack there.
It must be highlighted that olderwiser and scot have made statement that they have no investment in 88e and yet they continue to go onto that board to spread fear, uncertainty and doubt. I suspect they have shorts, specifically olderwiser who is unable to explain why he has placed almost 300 posts on 88e, all negative, all in the last 30 days, mainly all repetitive about 4 barrels collected oil when he knows fully the campaign was not a competition to collect oil but one of flow rates.
He and scot have been asked multiple (probably in the hundred plus) times to stop, there is no need to continually, ad infinitum it seems to repeat the same again and again. yet the pathetic excuse they use for the inordinate amount of time spent on 88e is to help protect shareholders, something that has rightly been pointed out that Older had no concern to warn shareholders here when they were pumping in cash at 130p etc.
So I shall stop my input here, however I do reserve the right to go to extraordinary lengths of research to highlight every conceivable risk both fundamental and technical and ensure that is known everywhere if their attacks continues.
Stas
Why do you think it is that when people like you who choose to ignore or disbelieve Pantheons commentary and replace with their own very negative version of Pantheon, will not say if they are short or not.
I have seen this being asked elsewhere and the same thing, refusal to answer if they are short or not.
What is it that you are hiding from?
When it comes to negatively posting about Pantheon, you are all bursting to write your version of the company and hold little back.
Yet one simple question, are you short the stock and none of you can speak???
Have you something to hide???Are you being told not to answer?
You claim to be able to deeply understand charts and the complexities of oil drilling and of fundraising and yet with all that intellectual capacity you cant answer one simple question, are you short Pantheon??
Tony all so very well said .. I couldn’t believe the nonsense I was reading from Stas!
I believe it is panr choice to now only be negotiating with one partner !
It’s how it works .. shortlisting .. stages etc.
I don’t mind the small drop, I’m in for the long haul and this is an exciting journey with a company who leads by example buying large amounts into it themselves !(eg. David)
I’m very impressed by the team and the webinars. This is going to get much more press in the summer, particularly in the USA as things start progressing in Alaska.
Patience is key and so far rewarding
GLA
Stas - with respect - you're not coming across as someone that is concerned with adding balance. Also a couple of your of comments are questionable at best:
"they had 2 potential funders they now have one" - these are Oil services companies. There has been no indication at all that one Company has dropped out due to the business case - it could well be that PANR selected one Company as the preferred vendor.
"The mkt cap shows itself to be massively overvalued against other dividend paying companies" - This is comment is nonesensical and you know better. Production Companies and pure play exploration Companies are completely different business models. No pure play exploration Company pays a dividend and the valuation metrics between the two models are completely different. If you want to be usefull - come up with a couple of pure play exploration Companies and compare metrics.
"their auditor has highlighted the material uncertainly risk" - I would bet this is common for exploration companies all of wwhich have to raise capital - this is no unique to PANR. I think some here probably do not understand the funding risk and assume that its a slam dunk but your motives for coming onto this board to highlight this are questionable.
Scot has provoked a lot of this discussion by his excessive, unecessary and negative posting on the 88e board - but his posts do tend to be factual.
Stas
Seeing as you see yourself as someone who is enlightening us, a kind of truth teller, tell us this, how big is your short????
No I have not ignored their commentary, I've heard it but just because they say it does not make it fact, they had 2 potential funders they now have one, their auditor has highlighted the material uncertainly risk, but no one here has. The mkt cap shows itself to be massively overvalued against other dividend paying companies, in easier to drill locations with proven reserves and production, but no one here has. The technical charts show a decline, but no discussion here, in fact everything here is uber positive, yet risks exist, I'm just creating balance.
Ohh er. Looks like PANR is being savagely dumped! Seems like 88e isnt the only dog in town that cant hold any sort of rise.
karma is a biach. The way posters from this board have been posting over on 88e, trashing the board over the last month and kicking the long term holders when they are already down and out for the count, many will feel justice is being done here. Of course, i feel for the inestors suckered in by the rampers here and buying at 40p+
Taking a leaf out of scots book regarding posting daily over and over and over and over....and over again about company woes, its clear that the market is extremely skeptical regarding funding going forward here. And who can blame them!
Dont believe the rampers here posting as if non-equity funding is certain! Because it most certainly is not. In fact, equity raises are far more likely given current market conditions, with a sprinkle "take or pay" arrangements thrown in as is custom. After all, the board have to keep a carrot on the end of that stick they are whacking you with.
So Scot, i have a question: Say PANR closes at 30p on the afternoon of Day 1. At 7am on Day 2 there's an RNS confirming all this talk of alternative finance arrangements was in fact BS, and instead a massively dilutive, heavily discounted placing to fund towards production occured. Do you reckon PANR will a) half or b) third in price by the end of Day 2? Could you imagine being long on the morning of Day 2? Could you imagine having exposure to PANR's investment case on the morning of Day 2? But that's what you're advocating, Scot.
Yikes indeed!
Stas...
You have ignored all the commentary from Pantheon themselves and created your own narrative.
You clearly know that Pantheon cannot monitor and respond to all the narratives created by people like you on these sites. They simply get on with the work of pushing Pantheon forward.
So people like you use these quiet times where there are no announcements to make predictions and statements for the benefit of your own agenda and sow doubt and fear.
Then when the predictions are wrong, those people simply switch to a knew alias.
I'm not sowing seeds of doubt, I am opening the eyes here, creating balance to the risks which few wish to talk about, indeed some shareholders here spend 10 times the effort putting down other companies and explaining the risks to other companies shareholders than they do on their own stock.
Perhaps these shareholders should be more open to the risks here, such as was asked of one of your most prolific posters recently, why he was not warning the shareholders here with such fervour when they were pumping the stock in august 2022 at above 120p, how did that turn out for those now bag holding at 31.7p and dropping.
Correct Dr. too many people concentrating on fantasy billions of barrels that without huge investment will stay exactly where it has for the last millions of years. Funding is difficult in the Oil and gas sector now, Pantheon has already lost one potential partner and the auditor had to make comment as regards a material uncertainty for Pantheon to continue as a going concern without funding.
All over the world the funders can take their pick in less risky oil where drilling can be performed all year round without potential supply chain issues, where oil is coming out of the ground now and dividends being paid to shareholders. I know of companies that provide 9% dividends, debt free, 20,000 boepd and less than half the MKT cap of here, PANR is massively overvalued, they have only loss making hope for funding. Mangrove knows this and the SP will soon reflect that reality that no one here likes to talk about, just dreams..
If as I suspect Patheon are struggling for funding the only recourse open to them will be equity and it will be a lot, hugely dilutive and even then if they get it nothing will come back to the shareholders for years. None of these potential issues are ever raised here it always look at the oil, well I say look at the risk, its off the scale.
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....
As expected, dropping as we speak..... under 30s look probable here today...
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".
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.