Member Info for cbaron

So could be 3 months then not a 'few weeks'.

❤️😜

How many is 'few weeks'. If you can clarify? then why didn't you say it? To me imminent is not a 'few weeks' - you might wish to look up the dictionary definition, it backs me up. No, don't do that, just continue to try to mislead!

My view is that it may take several months, if it happens at all. There was a debate a few days ago where someone referred to summer - I agree with that i.e. somewhere between May and August though I did clarify the definition of summer. If you're going to be critical you need to catch up, otherwise you'll look foolish........and we wouldn't want that, would we?

14.52

Interesting thoughts. Hopefully, the change in strategy won't come back to bite them. At least you've thought it through and justified the comments, unlike the Fat chap at 16.44. Imminent Farm out? How long do you think it will take to put a serious and sensible deal together? Let us not forget that PANR and their activities will already be well known in the industry and we haven't had anyone knocking on the door thus far. Keep your fingers crossed for a bid.....any bid!

11.07

A link or synopsis would be useful - or are we to guess what 'lovely report' means.

No, he's standing on the hard shoulder, next to his clapped out Trabant, waiting for the tow truck to take him to the scrap yard.

Couldn't resist this one - back to sleep! 🙄

09.02

First point - idle speculation.

Second point - Wrong! Gas is a moveable hydrocarbon. There is no differentiation between oil and gas. They recovered a thimble full of oil they told us that but nothing else other than fluids pumped in.

Third point - they say they are to "re-start testing" pending outcome of discussions. To 'continue' pre-supposes it's ongoing. It clearly isn't from their own prior statements.

Fourth point - Again, pure speculation - did he sound like he was likely to plough more money in when he's clearly desperate to recover what he's already invested?

In summary, no silver bullets in the RNS, just re-affirmation that a deal with a partner is the only potential saviour of the company. No timescales placed on anything.

That's me done for today.

GLA

cbaron

08.34

The company has $15.1m in cash as of today (31 March 2026). The cash resource has denuded by $9.3m since 31 December 2025 and it still has a liability of $28.5m in outstanding Bonds.

I'm not sure it can afford to raise more cash, whether it wanted to or not.

08.22

Not surprisingly, you've got this the wrong way around.

The RNS says, "re-start of testing pending the outcome of partnering discussions". This suggests that testing will only start AFTER the outcome of partnering discussions and that it will be carried out by the partner.

We are therefore not likely to hear about the test results until an agreement is reached. If an agreement is not reached we will never hear.

That's what PANR still are, and he had little or no choice than to step in if he's to recover his 25-30 pence per share.

Without any new information I think we've done this to death.

Hurrah, they shout from the stands.

Reading the man's biography is not going to tell me what he will do in any given situation. It'll be about the strength of his hand, the number of bidders (if any), any new geological updates (the one's he's currently got aren't going to make us millionaires!), and more than likely the prevailing macro economic situation at the time

He's on his second wife - a posh bird -does that help? 🙄😜

So his mere existence as a newly appointed CEO is all you need? Not what his strategies may be and not what he says?

OK, that's interesting.

Wow!

It appears you disregard what Spencer says, given that you're saying what he said post appointment are not 'facts' and you appear to be developing your own narrative and not even believing what has been said. You say, "Spencer and Wilkins make all the difference" but seemingly you think what they say is not to be relied upon.

If the senior officers of the company cannot be relied upon to tell the truth (if so, they should be dismissed summarily!?), what can we rely upon as 'fact'?

In your haste to prove me wrong, you appear to have thoroughly confused not just the rest of us, but also yourself.

Take care!!!

cbaron (one'r')

Mowmoo,

Thanks for your enquiry. Still working part-time but on the wind down to retirement after 48 years in construction and property development running businesses.

It has required a degree of detail which has stood me in good stead and is an attribute I find difficult to ignore even in the sport of investment blogging. 😜

Good luck.

cb

Moreover, you've not replied to my question - 'what exactly do you anticipate the "nice little update" might say?'

No doubt it serves your purposes to leave it as a nod and a wink as you know it can't really say anything meaningful?

The alternative reasoning was unequivocally provided by Spencer. What more reasoning do you want. Read the transcript.

I underpin my posts wherever possible with facts from the company and the statements of its officers.

You deem me negative as I corrected you and my posts don't fit with your inaccurate and misleading nonsense aimed purely at ramping the SP.

11.59

What might the earnings be?

We've now dispelled last evenings (18.06) nonsense of yours about pressure tests so what exactly do you anticipate the "nice little update" might say?

Stop posting patent nonsense!

09.16

"so will await a positive RNS this summer"

That appears sensible - though quite a wait, given that summer starts on 21 June with the Summer solstice and lasts until 23 September with the Autumn equinox.

BricksSA,

Thak you for posting the transcript of the last presentation. I commend it to all of those who have poor memories or have creative memories.

One notable statement from Spence, contrary to some of Friday's nonsense here is "are we going to be releasing pressure data on Dubhe and things like that? The answer is, no." - quite unequivocal I would say!

Another major statement refers to timelines for information, as you quoted in your post BricksSA - spence refers to 'coming months' - that was only two weeks ago so where do people get their expectations from on news anytime soon?

As to the farm in process he says "we've made good progress in our early discussions and a number of significant energy companies are actively in our data room evaluating the assets". He doesn't say negotiations have begun, he says "early discussions".

It's very worthwhile reminder of what was said.

Dickbat,

What Tony posted was transparently a view taken from his question asked of Co-pilot. He opened the post by quoting his question.

What is your problem.

One of my issues with many here is that they express wildly speculating views without so much as an ounce of justification and present AI responses as if they are their own - all because it suits their purposes and because their is no factual evidence for such views.

18.06

If (big 'IF') those results were known, and they suggested something, positive or negative, which could affect the SP then they would have been duty-bound to publish them.