Member Info for cbaron

15.10
Ford, the whole idea is that such calculations are a model for deriving value. If you want someone to fund something, whether an oilfield or a property development, the principles will remain the same and no bank or financial institution will touch you without it, and rightly so. Fiction and sentiment don't come into it, sensitivity analyses will.

15.10
Apologies Ford707, should have been addressed to GS.

Ford707,
Farallon are not selling their own shares - this has been explained a number of times. The arrangement between GB and Farallon under which GB owes a considerable debt, dating back to the original sale/purchase, is that in order to service that debt Farallon were given rights over the shares held by GB. In the event that GB is unable to service that debt (capital & interest accruing), Farallon negotiated rights over GB's shareholding in Pantheon. Those rights are that, from January 2021, they are entitled to regularly sell GB's shares in sufficient numbers to service the debt. This they are clearly doing. They don't care what the SP is at any particular point in time. I'm sure GB do, but they have no control over the matter.
Hope this helps.

A compelling article with excellent research, but unlike some fantastical interpretations of realisable asset valuations we may be seeing elsewhere (or not, because they can't), is conservative and balanced. It applies sensible risk adjusted recovery rates and concludes with some reminders that there are ongoing risks with more work to be done.
Even with all of that conservatism and common sense applied, it presents a very strong investment case.
It's not fiction Ford707, it is called a model calculation using fully detailed and well explained parameters. If you don't like his parameters, stick a few of your own in and recalculate.

08.36
Now then Reaper, you never appear to pass much of an opinion on anything , other than an acerbic comment on the posts of others, offering nothing meaningful or constructive yourself.
What's your view on the lack of plans for a flow test? Why would the company not plan to do this? One might view it as a plan to perpetuate the myth in the absence of provable substance.

11.30
Well done Ecuagold for upholding the right to debate.
The issue here is that there is a large body of investors and posters who simply cannot bear that there may be a difference of opinion, particularly one which is based on facts, reasoned and articulately argued and justified points and common sense pints on relative values of different companies, valuation and viability methodologies. Ask simple questions of those holding the common view questioning those views and you are labelled a deramper, worse, a paid deramper (what a ridiculous notion) or in the case of the likes of Ddraig, something much, much worse. Why not try responding with a sensibly formulated response, if you disagree. No, like children, the response is to switch people off - redolent of a child in throwing a tantrum and jumping up and down with his/her fingers in their ears.
We now have Scot being vilified for writing lengthy missives! Have we not got the brain power to answer more than one point at once?
We have the likes of Eileen who doesn't ever appear to have made a constructive contribution about anything, anywhere.
We have the so-called guru is seen as the adult for not responding to perfectly sensible and reasoned points. Why is that? Is it because to do so will undermine his own strategy of never being seen to post anything which may be construed as remotely negative. The best you'll get is "read between the lines". Come on, be explicit Brom - what are you referring to? I'd say he is the tailor responsible for the Emperor's New Clothes.
I'll continue to debate reasonably with those who care to, but I'll also reserve the right fire a few insults back at those who insult me. Is the latter childish, yes it probably is, but at least I recognise that I'm being so.

09.55
Reaper - are you Redirons too?

C'mon Eileen too doo rah yeh!
https://www.youtube.com/watch?v=C3rg4psdHxw
At least be original with your barbs Eileen, you'd never succeed on 'Just a Minute' with all that repetition

20.42
Oh no! The reputational damage and ignominy of ending up in YOUR filter box. YOU of all people.
Nah, not likely to lose a wink of sleep.............
Does you arrogance know no bounds?

Planning in train. No partner identified as yet, but nothing that we don't already know.

A plus that they're communicating.

15.23
Be honest.
I'll bet you have a sneaky peek now and again.
Oooooo, you are a one!!!!!! ;-)

You might actually risk being educated???

14.27
I think you've answered your own question with your numbers. Would any sensible market allow transactions for circa 11million shares to materially influence the SP of a company who have 14.50 BILLION shares in issue?

For those equally in the dark as the rest of us, there's always the easy allegation that it is 'market makers playing games' - how many times have you read that or something similar on these blogs?. There may be a little truth in it, but I suspect that it's more to do with programming and algorithms introduced to prevent wild swings minute by minute and hour by hour in intraday trading, particularly at times of relatively low volumes.

09.58
I'm flattered to be hailed both a 'friend' and 'oracle'. You are indeed learning 707! ;-)
But, just for the record, I don't necessarily see a sharp rise, rather a bottoming out. Who knows where the SP is going to go? In my own head, I've called a bottoming at circa 1.5 pence and have placed a stake back in the ground. If I'm wrong and it goes down further, I will have failed to maximise potential profit (I sold out at 2.8 and therefore it's not too much of an issue). If I've called the 'bottom', then great. Who knows when the next news may come which propels the SP one way or the other?
My suspicion is that a repeat of last years October dip may not prevail - at least to the same extent, but it was only fair to point this out. If it does than I'll buy a few more on the dip. If not, I'm sitting comfortably.
What I do think will happen? And this is nothing whatever to do with NPV or asset fundamentals - there will be a surge ahead of the next drill (assuming they decide where it's going to be), how big, if at all, who knows? Almost certainly it will be driven on pure sentiment - OTC an' all, or is that y'all?
The big question is, 'when do you cash out?' Do you do so when the hype ahead of drill results may be tempting, or do you stay in for another duster (or similar) and track back down with the rest of the 'alleged' LTHs?
The big question is, 'how long do you hold?' On the basis that the company do not foresee a flow test, then, for me, the answer is quite simple. No test, no proof of flow, no proof of realisable asset, no ultimate value.
Cash out, rinse and repeat, rinse and repeat.
It's actually a simple formula that I've been too simple to exploit, but I'm learning. Many other positive hypers got it a long time ago and chose not to share it, to the cost of everyone else.

18.57
You prove yourself, once again, not to be the sharpest knife in the drawer.
I'm not sure that there will be too many aligning with you.
Why a contradiction? I didn't say I bought back in on fundamentals/proven assets /OIG - they clearly don't stack IMHO.
So what might be the other driver? Silly market sentiment? Mmmm? Try it for size..........

........with a few. Have a good weekend all and see you for a rampathon on Monday ;-)

Good luck all short term holders, those looking for an entry point, those who don't hold but provide valuable views, oh and who could forget.................... the LTHs too

You flatter yourself that we give a flying you know what about you.
Since when did a minor factual amplification become "inciteful carp"?
What a very odd thing to say.

9.28 & 10.03,
What's the old adage? "Lies, damn lies and statistics!"
I agree with the general trend across the period, but you do miss a significant dip in 2020.
By reference to the HL daily SPs on their interactive charts, in 2020 the SP was indeed around 0.38 pence as at 17/09 but fell fairly consistently through October, closing at 0.31 on 28/29/30 before a rally back to 0.38 by 05/11, a not inconsiderable fall of 18.4% across the period of circa 6 weeks - the period we are now in.
It'll be interesting to see where it goes from here.
A bit quick off the mark there Redirons without DYOR.

Villa01,
One person's toxic is another's lively debate.
For be, 'Boom!', 'Zoom!', '£1 by the close, 'wouldn't want to be out over the weekend' and the odd silly put down or meaningless reference do nothing for me.
Justified opinions? Bring it on............oh, and I'm a bit of a traditionalist, so sentences, spelling, grammar and punctuation are good...........
Could we have a definition of, 'it will blow out of its arse soon enough...' ;-)

14.39
;-)