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Banditputin1
I agree with you. PANR is your latest project. You are a paid-labourer being paid by shorters to write here. This is your project. But as I said, your project will not work.
……has become an absolute nonsense
16:56
The thing is, banditputin1, not even your bezzie mates Mr Algo Rhythm and Mr Fib O'Nacci can do much about disappointing flow test results from Hickory-1.
Now then, being a self-admitted trader banditputin1, it is surely a priority to avoid being long a stock going into an equity fundraise or a small cap share consolidation. I can only imagine your trepidation as you examine 88E's cash position and see ***both*** an equity fundraise ***and*** a Board proposal for a share consolidation hurtling towards you at a rate of knots.
Being a generous chap, I thought I should examine 88E’s cash position for banditputin1 to review. Cash at hand on 31/3/24 is US$11.22m. The balance of costs for this season’s operations in Alaska is US$11.6m. *If* Burgundy (25% W.I.) elects to walk away from Project Phoenix following the disappointing flow test results, 88E as the operator is obliged to pay the bills in full. 88E has stated the bills will be paid by the end of June ’24.
88E is also committed to pay US$900k to their Namibian partner by 1/6/24. Cost cutting has already commenced (88E’s COO is departing 29/4/24) but unless Burgundy pays some of the outstanding balance for the Hickory-1 flow tests, 88E will run out of cash at some point in June.
What are 88E’s options? More asset sales? Perhaps. Far more likely IMO is an equity fundraise at a sufficiently large discount to attract investors who will have noted the market’s reaction to the underwhelming flow test results. Combine an equity fundraise with the proposed share consolidation (25.12bn SOI) and traders like banditputin1 will be asking themselves even if they believe the 88E assets are the best things since sliced bread, why would they not wait until the company is recapitalised before going long?
Trust the above saves you some money, banditputin1. Don’t come back bleating at me that I should have warned you about 88E running out of cash.
A final point. Note how banditputin1 has wisely decided not to repeat his made up gibberish about Mangrove increasing their short position in the face of incontestable proof from the FCA that the short position has remained static since 11/9/23.
Banditputin1 is what’s called a liar.
14:29 and 15:46
Jeepers, banditputin1, that's quite the word salad just to say that facts don't matter to you.
For any forum members who wish the definitive answer head to https://shorttracker.co.uk/ and type in "PANR" to the search box. Short tracker scrapes their info daily from the FCA short register.
If you wish to access the FCA short register itself then just google "FCA short positions excel" and then click on "short positions disclosed to us". You'll be able to see current short positions for Mangrove in PANR together with their history of declarations.
As you can see, Mangrove's 1.53% short position (approx 13.8m shares) has been static since 11/9/23.
Just like his KGB namesake, this makes banditputin1 a disseminator of disinformation. Or, if you prefer, a liar. Hopefully the real Putin will be defeated in Ukraine asap. I don't need to "hope" banditputin1 is proved wrong because that has already happened.
Don't be like banditputin1.
Infrequent posters may, understandably, wish to filter him because he's provided more than enough evidence his content is not truthful. I'll keep an eye on his p!sh and volunteer to highlight any of his future content which is pertinent. I doubt I'll ever need to do so, but I'll keep an open mind!
Olderwiser = Sense
banditputin1 = Nonsense
Badputin or should I say Pro_S2009
What ever happened to him, you post in such a similar manner it is remarkable
You are waffling, making no sense, but plenty of noise
Banditputin1,
I absolutely do not trust you. You are here to bring SP down. Your discussions do not make any sense.
However, it is very promising to see people like you hear. It shown shorts are scared and doing an orchestrated attack. You will not succeed.
Badputin
The evidence of your now repeated lie is on the Mangrove short chart trend line, going flat for more than 6 months.
Despite your repeated protestations, that is not an uptrend
I have experienced your particular brand of dishonest often enough to know, you will just replace your original lies with brand new one as you get unraveled, in this world it takes all sorts, thats not going to change
Badputin
As per usual your words contain no fact, just the opinion of a pump exponent, I suspect troubled by a falling share price
Please disregard all of my posts if it suits you, in fact they are not written for the pump brigade, more for the real investors, who seek a more genuine POV than the pumpers provide
19:34
Red card for banditputin1.
banditputin1 states Mangrove has increased its short. banditputin1 states Mangrove is continuing to increase its short. The FCA states otherwise, see link below.
https://shorttracker.co.uk/company/GB00B125SX82/
banditputin1 is lying. Don't be like banditputin1.
Triumph1
After discarding the personal attacks, there is only one point remaining. That being the significant delay to the testing schedule 88e advised. Following this and adjusting for known slippage they would indeed have been in the 2 day pressure recovery phase. In which the well is shut in, again a reasonable forecast
Investor 111
That is a perception a group of like minded individuals, that have been pumping 88e have sought to create, it appears with some effect
Disappointing, read the content of my posts and see where you find fault, no prediction in life is ever perfect, but on balance what I have highlighted has been born out.
Always happy to discuss further in a civil manner, as an aside how would you react to a campaign of character assassination, in response to reasonable argument. I tend to hold my ground in response to intimidatory tactics
Ohhh personal attack was it olderwiser? Everything is a personal attack now is it? is that all you can say? Lets all have a minutes silence for the "personal attacks" on poor olderwiser. Shall we call it sympathy minute? Every day, lets all bow our heads and feel sorry for the "personal attacks" poor olderwiser has to endure. haha what a pithy, predictable response. Step aside jellyfish, i have just found a new contender for an organism with even less vertibrae who cannot seem to take criticism, and labels it as a "personal attack". Lets not go there old chap, you will lose that arguement 10 times out of 10, and be ripped a new one in the process so bad that you will never be able to sit down again. So stop hiding behind phrases like "personal attack" and take your dressing down and criticism where you have been caught out like a man.
The photos uploaded there goes through vetting before being posted by a respectable forum administrator, and would be removed proptly if fake! Ignorance of how a particular platform vets photos is NO EXCUSE for your reckless disinformation campaign. Oh no, i called you ignorant. Im so sorry for the "personal attack". And i called you reckless. Shame on me for criticising your misinformation.
March 25th "Which means the well has already been shut in, so nothing is now returning to surface. There will be no flare for Dalton highway users to photograph". But something did return to the surface, didnt it?
One of the many examples of your bread and butter BS deramping off the collar comments: "Despite the wording in the RNS, A dead cat bounce in play, unbelievable stuff"...this was after 88e rising in anticipation of first flow result where olderwiser was convinced that an RNS was worded as such to be a precursor to failure. Unbelievable stuff indeed!
The very first comment by olderwiser when the picture of the flare was posted: "That looks fake, different reddit site and where are the great big obvious sand hoppers, as seen in the other site pictures" ....You really let your true intentions slip on that one, because naturally an impartial person (which you self proclaim to be but proven to the contrary) immediately falls on a particular side of a fence haha. Because obviuusly sand hoppers are permanent fixtures on site that dont move at all (sarcastic) despite the photo you used to cross reference against the flare photo was taken 2 weeks prior where it would have perfectly logical to assume sand hoppers would be removed when no longer required. Permission to call your analysis presumptious, misinformation spreading, poorly analysed and wrongly concluded? Or will you hide behind and stick to the "personal attack" narrative you and scot seem to peddle?
Flaregate indeed. You are not winning anyone over with your cries of "personal attack". It just makes you look even more arrogant; somebody who cannot accept criticism and admit when they are wrong. A very bad look for you. Grow-up-and-becomewiser olderwis
Olderwiser you seem to have caught Scott’s pathetic behaviour. There are so many people that dislike him as he thinks he knows everything and it’s a shame you associating yourself with him.
Yeah right
Are you asking me to take your word on it
A pump and dump exponent of ill repute
Stas20
That was a whole lot of nothing but personal attack, but there two specifics to address
"Olderwiser has been shown to relay false information on several occasions, notably how when the photo of the gas flare appeared, posted by a respectable member of another forum, olderwiser automatically dismissed it as fake with zero evidence. Olderwiser was also attempting to convince everyone that the upper SFS was a complete duster because of how some RNS's were worded.. If that is not disruptive, abrasive and ultimately WRONG, then what is? "
Re flare
I was suspicious of the flare picture, so stated it LOOKED fake, I then gave a reason, that being the large sandhoppers were strangely missing, when compared to other pictures of the site, taken by the poster that had been maintaining coverage.
Even now it is debatable. it was a new poster that put up the picture, all of the other pictures, released by 88e of the actual flare also clearly showed the sand hoppers in place. Making it a remarkable co incidence that this one random posters picture, captured in the 14 hours of potential flaring, did not display the sand hoppers, while all the others did
It that proves to be an error, it was a reasonable one
Reading and interpreting 88e's earlier RNS , to the results RNS, as indicating the USFS result was likely to be weak, has in fact turned out to be an accurate prediction. It is highly gassed and the test was cut short after a calculated oil cut period of only 14 hrs in which it produced 24.8 barrels of oil, but never got to a announceable sustainable flow to report
Oh, and Mangrove last increased their short position on or around 11/9/23. At least put some effort into whatever it is you're trying to achieve here, banditputin1. If you don't up your game, you'll be laughed at. Unless you like that sort of thing?!
19:34
More disinformation by banditputin1. As every member of this forum is no doubt aware, PANR's acreage is solely located on State of Alaska land.
Not too good at this stuff, are you banditputin1
20:25
Dear, oh dear. banditputin1 isn't a proficient reader. During an exchange with Brom about the AGDC (google it BP1) and the proposed gas pipeline in Alaska, I wrote the following in response to Brom's fair question about likely legal challenges to the proposed gas pipeline: "The pipeline is designed to follow the path of TAPS within the disturbed corridor I can't help but be reasonably confident that sourcing the finance for the project will be the larger obstacle v's legal challenges."
As everyone apart from the liar, putinbandit1, can appreciate, the subject matter was the Alaskan pipeline.
Report card for our little KGB agent? D minus - must do better if he is to have any joy on this forum.
20:06
banditputin1 - firstly, welcome over from the 88E forum. A few points for you to consider:
1) You are wrong about your made up placing at 10p.
2) The PANR BoD has guided that the combined strategy of vendor finance and gas sales to the AGDC (leading to the SoA/AGDC/utilicos guaranteeing or arranging a facility of up to $250m in size) means that there *may* be no requirement for further dilution to the equity or to the asset. Guidance on timing for this strategy to be executed is "by the end of Q2'24." Why don't you diarise to look us up once that time has expired and see where we're at?
3) "And the well fields apparently have low pressure gradient so production will drop off fast. Expensive, expensive field to operate." Kindly provide a source document for this statement? You won't be able to because no such data exists. Isn't that right, banditputin1?
4) You asked what readers of your post thought I think you're smarting from losing money investing in PANR southern neighbour. I think you've typed out a word salad in your post timed at 20:06 and that it's just made up nonsense. I think it's funny that *you think* it has even the slightest possibility of instilling fear in forum members here. I also think that that you should do lots more reading and research about your chosen investments so that you become better informed about the *facts* of their investment cases.
Don't be like banditputin1.
19:11
Not quite, Brom. There is another scenario currently being explored where the construction of the pipeline is decoupled from the LNG export infrastructure. I *understand* the forecast cost of the gas pipeline construction is US$10-11bn, happy to be corrected. The prime motivation behind this scenario is simply to ensure Alaska's own residents and industry in the population centres of southcentral Alaska are supplied with sufficient gas because the current source, Cook Inlet, is running out of affordable gas production.
Politically, I can't help but feel it would be a source of embarrassment for a Republican administration in Alaska to import LNG in what is one of the world's truly prime locations for hydrocarbon production.
About a month or so ago Governor Dunleavy told CNBC and CERAWeek attendees during interviews to "watch this space over the next two months" in relation to the pipeline receiving the official go ahead.
I don't doubt for a second the green lobby will have something to say about the pipeline if the AGDC moves ahead with their plans. The pipeline is designed to follow the path of TAPS within the disturbed corridor I can't help but be reasonably confident that sourcing the finance for the project will be the larger obstacle v's legal challenges.
Clown. Binned.
13:28
AGDC have to find investment Alaska Gas Pipeline project est. at $38.7B in 2020, current estimates (see link) even higher,
Greens have vowed to fight it all the way.
At the moment its far from certain to ever be built.
https://www.nsenergybusiness.com/projects/alaska-lng-project/
From another Board -
The AGDC point to the presentation slides for basic economic considerations.
Using guided input cost and sale price, along with financing headroom shows a robust project.
hxxps://www.akleg.gov/basis/get_documents.asp?session=33&docid=29743
Global LNG Japan current price $8.993
Enstar has stated importedLNG as cook-inlet replacement could be $16 double the baseline cost of AlaskaLNG phase1.
From AGDC website:
Pipline capacity 3.3 bcfd
Long time planning 3.1 bcfd
Pipeline development economics look sound:
(All figures are illustrations)
8$ mmcf delivered price gas out
1$ mmcf gas in (PANR)
Gives 7$ per mmcf to build and finance pipeline.
7$x1m =7m$ per bcf x 180bcf (PANR agreed supply with AGDC)
Revenue on 180bcf per year is 1.26b$
10.7b$ project build out cost but let’s say 12b$ for headroom.
Funded @6% amortised over 20yrs & 30yrs
Gives 700-900m$ per year financing payment.
Ramp up to clear 300m$ profit from base line Instate supply of 180bcf
(1.26b$ rev less 900m$ financing payment)
Senior debt - Federal guarantee loans 60%
Junior debt - mostly likely 20yr, 10yr bond
Mezzanine debt - investment bank/balance sheet.
Phase2 export:
Additional compression stations on pipeline say x4 to push volume.
Max capacity to 3.3 bcf per day.
1277 bcf per year.
Long term planning based at 3.1 bcfd
Profit ramps on forward curve as debt is covered from baseline phase1
Additional profit as loans get paid down.
Obviously this there are tax implications to deduct but it’s hard to argue with the general concept of this calculation.
Such as good post by triumph on the 88e board about scot and olderwiser it just couldn't go without being shared where it rightly belongs.
"Indeed. you and your alter ego olderwiser have almost single handedly turned both 88e and PANR boards into a complete and utter s***shows. And for what? Your opinions still mean jack squat! Your endless repetitive posts seriously rub people up the wrong way. Very very abrasive, non constructive, disrespectful, self-righteous and arrogant. Terrible traits. You two should be ashamed. How the f do you expect people to react when you two constantly bombard the board with the same BS day in and day out? You expect civility from others when you treat their personal choices with such discontent? Who do you think you are? You have lost a lot of money already on PANR, the market still values 88e on a per barrel basis higher and you still have ZERO explanation for this despite for years you saying this will change. Seems like you are nowhere near as smart as you think you are, and you have made some very poor choices yourself! Ironically, if you spent more time watching PANR, maybe you could have actually traded and made money with your self proclaimed analytical prowess (trying not to spill my drink with laughter). Anyone could have told you PANR would drop back from its 40p high last week. After all, making money is what we are all here for is it not? Perhaps you forgot that?
You are fooling nobody by disgusing your hundreds of posts here as "relaying facts" and naturally self anointing yourselves as guardians of the "inferior PIs who are too stupid to make decisions for themselves", and defenders of the faith that is PANR. In nearly 10 years on this board, i can honestly say you two are up there as the one of the worst disruptors. Far far worse than any "ramper" could ever be.
Olderwiser has been shown to relay false information on several occasions, notably how when the photo of the gas flare appeared, posted by a respectable member of another forum, olderwiser automatically dismissed it as fake with zero evidence. Olderwiser was also attempting to convince everyone that the upper SFS was a complete duster because of how some RNS's were worded.. If that is not disruptive, abrasive and ultimately WRONG, then what is?
In this world, you tend to treat how one is treated scot! When you throw thorns, dont expect roses in return, then act thick as to why others are so hostile towards you both. From now on, every post you make that is repetitive in nature will be reported for disruption to the general peace and harmony of the board because you seriously disrupt the flow, and posting in very bad faith. I would recommend everyone do the same, and eventually these posters will recieve the permanent ban they deserve!
Theres a way to go about spreading wisdom and knowledge in a far more respectable manner. The way you two have gone about this is dispicable and completely uncalled for."