Member Info for cbaron

Your maths is awry then!

Thanks Brom,

A very upbeat article in an energy industry publication.

09.23

You must be regretting selling a lot then!

on 25 Nov 2024 you said, "I hold 7,234,128 shares in PANR "

Beware the inconsistent self-publicists!

....lest we forget that this is a stated objective of the company.

Thanks to all for making the links available. The name check for Great Bear Pantheon and the quality of our gas ought to be a huge lift in morale if not the immediate SP.

On the wider macro front Biden's eleventh hour politicking has brought the whole US energy debate to the fore and ought to serve onshore oil and gas well, particularly as questions exist as to Trump's ability to repeal.

Onward and upward.

Seahawk,

Many thanks for taking the time to respond.

I was aware of the basics of your explanation, but can't help but think that is the full story unless the market makers are receiving and accepting orders significantly below the then current price and holding at or below that level. If this is the case than it ought to be declared illegal, as I believe many have previously suggested. Perhaps I've been sufficiently naïve as to have missed the significance of this point.

Thanks again.

cb

Apologies should read;

"Can it be manipulated to the extent that many say, but, I suspect, most just blindly quote?"

Having invested in stocks and shares for a long time, I know that I probably ought to know the answer to this enquiry, but I don't.

Whilst we're all reeling from what ought to have been with the SP following the RNS earlier in the week, and we're becalmed in a sea of, perhaps, little news for a few weeks - a discussions point for those qualified to enlighten us.

When the price goes up all is OK, when the price stalls or falls its the fault of AIM or the MMs - I strongly believe that most that quote MM have no more clue what they do than chew those sweets of the same name . If I'm honest that includes me.

So what exactly DO they do and why is AIM considered such a lottery - what is it about the mechanics of the system that draws such wrath? Cab it be manipulated to the extent that many say most blindly quote?

Answers please from only those who are qualified to do so and can perhaps refer us to learned articles which might assist in our understanding.

Thanks.

cb

13.38

So we now agree that the price of oil in the ground has been debated here?!

Is the current SP undervalued? Who knows, beauty is in the eye of the beholder and if beauty is the SP and the market is the beholder (setting aside shenanigans), then the price is correct. Stop the sellers selling to pay for their next pint in the pub, then things might be different. If and when Trump formally supports the gas case, not forgetting he's yet to be sworn in, then things might be different. If and when Trump formally supports further exploration by taking a different stance than the Democrats on environmental protection, not forgetting he's yet to be sworn in, then things might be different.

I think we perhaps need to sit on our hands for a wee while longer, hopefully not too long, and all will be revealed.

13.40

"We just have to be patient and remember this is AIM where people are looking for instant returns and are happy to take their £50 profit so they can buy the next pint down the pub."

....and therein lies one of the biggest issues in determining what currently is a fair SP. It and a myriad of others.

12.33

Go back and re-read 09.13 and you will perhaps then see the context of my first post. At 09.13 there was a suggestion that the SP today ought to reflect the risks taken and money spent to get where we are, not the value created. How could that be so if firstly you've spent too much and secondly you've little to show for it .

I don't suggest that we've little to show for it - quite the contrary, but a more reasonable estimation in calculating the current SP would be to work backwards from where we might hopefully end up. Market value less the cost of all of the stages which still need to be gone through, including testing, extraction, transportation, funding, profit margins of all of the various intermediaries, etc, etc.

If you'd been here longer, I think you'll find that a number of people have tried to do the value in the ground calculation to ascertain likely current market value. Indeed there were references in days gone by to a rule of thumb $3 per barrel in the ground based on precedents from past deals. More recently conversation suggested that this sum is a little on the weighty side.

Rabito,

It is naive that we should expect full value for the oil in the ground to be somehow reflected in the SP until the drilling, sampling, testing, extraction and ultimate ability to deliver to market have been fully proved. The underlying value parameters, as they currently stand, are not proved and so remain a risk and this is reflected in the current SP. Once each of the value determining matters are proven, then the commensurate value will be delivered.

As a long term shareholder, I remain confident value will ultimately be delivered, otherwise I wouldn't still be here.

09.13

Spectacularly Naive!

Without proof through drilling testing, proving and a deliverable product there is no investment and it will remain high risk for little reward.

The oil found is of no value until you can get it to the point of sale.

Sit on your hands for a little while longer and let the experts do their job.

Even more upbeat! Tone and content.

Many thanks.

Blackadder,

Very upbeat.

Thanks for the link.

You are either an arch manipulator who is hopeless at been a manipulator, or stupid, or both, and have perhaps sold the prospect of making money here to your 'woman' as a knocking bet and are about to be found out when Santa arrives with a beautifully wrapped duster on Christmas morning.

My advice is to sell up here if the stress is too great and buy some premium bonds.

How you'll get over the duster on Christmas morning, I'll leave to you. You might follow the black Friday sales on suits of armour and be prepared?

If however, you stay in for the ride and survive Christmas morning AND you calm down, there's always the chance (circa 70% I recall is being quoted by the company) that the New Year may deliver some value surprises based on assets and fundamentals rather than a constant turgid diatribe on hourly SP movements. DYOR.

Good luck and happy dusting!

.....by the minute by the hour, by the day, by the week, by a lot, by a little, or by nothing at all.

I hope that was helpful.

Perhaps best to sit on our hands and be patient. With so many variables around at the moment definitive statements are both pointless and potentially misleading.

I too have just watched the House Resources Committee meeting. Some great positives to report, especially in the potential for the reduction in cost of a unit of gas for the consumer and the positive overall cost of the gas pipeline when compared with the LNG infrastructure and net unit cost. As always with any infrastructure proposal, the elephant in the room is the capex, in this case $10-14Bn, for the pipeline, and most importantly who is going to stump it up. Private sector, investment markets, bond issues or the state.

15.30

Yes, I could. Now put mummy's dictionary away - there's a good boy.

Many thanks to Marmaris and Stas20. All makes sense.

Great to see an acknowledgement of a personal misunderstanding, rather than blagging knowledge. Grown up and refreshing!