I've been in and out of about twenty AIM companies over the past few years and only one remotely resembles OMJ's wicked analysis, and I am only a relatively innocent investor. As for Pantheon, I'm a happy long-termer.
Relax. The SP is a bit like the sea, it goes up and down but, underneath, the tide (at 80 dollars) is rising. In a month and with all the info in, I forecast the SP will be a lot higher.
I do not see the result (so far) as being particularly bad and certainly not enough to justify the excessive drop in SP. Clearly there must be many who had bet on a very good result and are a bit narked. My concern is that we are heading for a farm in and not a sell as I had hoped. I will be holding for the recovery and would add at this level if I had the cash.
We are now told that there is a total change in the direction of the company, and cost control is important leading to delays in DFs, etc. For God's sake, what was the previous set-up doing? Vote out the lot.
My take is that D.C came in thinking that BHP would take the lot and that he would then been given the job of running the whole show with a main board appointment. It then became clear that the deal stitched up with GGP was the start of selling out to anyone, leaving him exposed. In my view an auction is coming, my guess in February but who knows when? I am feeling positive - but then I have to be, I'm underwater!