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It looks like a mix of debt and equity.
Looking at how the directors have satisfied themselves in the past with huge share sales satisfied by immediate replacements with lowball options, I expect far more equity than debt.
I'd guess a large lowball placing, why because I expect the directors will be looking for immediate gains, thus a large discounted placing whereby the directors take a position thus showing their support to the market, maybe even issue more options at the low end and then a bullish presentation to kick start them into profit.
Nahh. You're just attempting to be more subtle in your negativity than previous bashers. trying to sow seeds of doubt whilst numerous daytrading shorts do their stuff.
I'd say I have been pretty balanced, I write it as I see it, have a look over my previous posts bullish where needed, however I am not going to ignore the facts as I see them also, technically the trade is a hold, for those of a nervous disposition and are in for the long haul, which of course for PANR is a given considering plans out to 2028.
But for those that wish to trade I posted to trim and buy lower.
As regards the fundamentals, well you cannot get away from the fact that Panr need cash and the most likely route will be equity, its the mainstay of AIM, its why companies list on it.
PANR have a massive ASSET.
Borrowing to fund development is entirely normal to get through early stage wells, thereby becoming self funding, and later, cash generating.
Alfista, no one has denied Panr's future possibility, nor the size of the asset, however in terms of making money here, everything is about risk reward, timing and how much you wish to make from a stock. No one has denied that in the future 5 - 10 years from now, assuming everything goes to plan and that oil is able to be extracted and sent to market, then Panr may well be a good investment.
However, for many its about making money now and into the next months. If I believe that Panr is a good investment and I hold shares in it or wish to, then one would be silly to not also see that short term, the price is highly likely to retreat, in which case which is wisest, sell and buy back, (thus increase your holding and ultimate return) or wait to buy at a lower price, again greater return, or just sit on your hands and do nothing, the price of inaction is the price of reduced profits.
Every technical and fundamental indicator is showing that on probability the price is going to continue down over the next few weeks, yes you might get a few little spikes but this is now firmly under what were strong support levels, broached multiple times and now broken on both the bid and ask.
All standard, long winded stuff. You never use one word where a couple of dozen will do. Same old, same old.
You are very simply playing on the awaited funding news uncertainty. Our billionaire fellow investor is clearly not impressed by mumbo jumbo charty claims
Yes, but we are clearly not all billionaires that can throw money at a stock without a care in the world and wait a decade when he clearly has multiple other investments. Hardly a comparison, a billionaire investor is clearly a million miles from your average AIM investor where they may be concerned with making as great a gain as possible.
Either way I would not be an investor at this price, it's in the high quartile of trading price in the last year, if I wanted to buy into Panr, I'd want to do it in a range that gives me optionality of either selling early but being in a profit if needed, or holding long time and reaping greater rewards. I would not be wanting to buy now to believe I may have some time whilst in a negative equity position.
You talk about billionaires but you don't see mangrove closing their short yet, why do you think that is?
If you think your views will influence even small investors here, I think you are mistaken.
We can see the asset, we can see the strategy of the company since DH came on board. If you don't believe in the project, fine, don't invest. But if you are in to mad gambles on shares, then this one isn't your cup of tea.
You'll move on when mangrove dictate.
And I could quite as easily say if you think your blind adherence to an investment whilst ignoring the obvious price trend and potential drop in SP is representative of all other people here, then I expect you are mistaken, otherwise perhaps you can tell me who is selling, and has been doing so for the last 9 trading sessions.
Or, importantly since the last independent report by LKA which incidentally, many still do not wish to talk about as we know that the market was not impressed by the numbers, even the greatest rampers here have strayed from too much discussion on this one.
The answer is simple.
I'm in profit, and own too many to try trading.
Each to their own.
Alfista, agreed, even though we may disagree. good luck. At the end of the day I would rather see individual investors making money than the market.
'Looking at how the directors have satisfied themselves in the past with huge share sales satisfied by immediate replacements with lowball options, I expect far more equity than debt.'
Those options were awarded when the share price was ~half the exercise price, so your claims to be balanced don't stack up here. The executive chairman has bought all his shares including his relatively recent ~$500k of purchases.
It's in the high quartile of trading ranges. Of course it is, they announced great news... jeez.
Stas is just another 🤡 🤡 🤡
"It's in the high quartile of trading ranges"
Or, why buy in the high quartile when the price is retreating. 24,25, 26 or lower, maybe a very lowball limit buy to catch all the stop losses likely also set in this range.
Technically it's definitely dropping, that cannot be denied, how low may be argued, however down it is for around the tenth day now, the company may be better to place now than wait for an even lower price. Just a clowns view of course who called a technically bearish candle over a week ago. 🤔
It can absolutely be denied.
Technical analysis doesn't work these days, and anyone who claims it does is a charlatan.
It's dropped every day for 10 days straight since I said 'technicals' are showing that it would, but heh, they have no value in helping predict price movement. 🤔
Sure, and it might rise, or fall again, or keep on rising. You didn't predict the fall in the price, you only thought you did.
Then predict the next 20 days Stas20…. Use your expertise and make yourself a small fortune… go on!!!
To be clear I will ignore you and hold until year end… 🤡 🤡 🤡
A few comments to the posts here. There is no certainty about how Pantheon will raise cash. The often stated intention by the Chairman, a major shareholder who acquired his shares by buying them, is to minimise shareholder dilution. The main source of c $120m funds sought now to take PANR to the point of first production is through vendor financing or offtake agreements. The question on these won't be near resolution until the arrival of the Ahpun topset IER, expect any day now. This is the 3rd IER which would underline the near 2bn boe 2c marketable resources (oil and NGLs) and would satisfy due dilgence on any corporate decision that efffectively lends PANR the cash against contracts to carry forward the plans.
There is also the possibility of a contract to sell gas to the AGDC who is seeking funding for a gas pipeline to connect to North slope gas producers. Pantheon would be a major beneficiary if that pipeline goes ahead.
If neither of these were to happen, the plans would need revising as I doubt that Pantheon would raise the required $120m by selling shares. In any event, this cash would not be raised all at once but as required.
There will be some cash raised from shares, perhaps c $20m for operating costs and salaries. If it is more, the point to note is that Pantheon has never had any difficulty raising cash from the market. Share based subscriptions have always been oversubscrined and have not unduly hurt the share price.
Https://twitter.com/alaskalng/status/1790725241435525244?s=46&t=5NXkmsFHVwDxw21i-jXHOQ
Closed below the 100 day moving average so next support now at 25.79p being the 61.8%. A major support, if you're going to get a bounce, ignoring any effect from fundamental or news based, then technically this is the region for a bounce, not saying I would invest in panr but could be a trade with a buy set at around or below this level, to catch any drop from triggered stop losses.
Your guess is a drop to 25.79p. My guess is a rise to 35.23p. Guessing is all we can do, short term.
Deary me. Looks like that guy panditputin prophecised this SP tanking weeks back and warned of the perils of taking advice from the hideous rampers here. Very sinister s1agging off 88e, yet seems stable now compared to the daily plummets here.
Strange how they disappeared from this board. They have some explaining to do to those that took their advice.
This share keeps nosediving. It will be 20p before long. Maybe even 10p like that smart guy believed before.
This is tanking due to the funding concerns and massive placing inbound. Don't let the rampers make you believe otherwise! They have already been proved wrong!