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Don't post too often not a expert but invested over many years in pantheon I ve seen my money rise and fall and just watched it never trading hoping it would become a rockhopper one day my take on it that because of location and the big oil companies overloaded with cash which they don't want in cash want assets but have the luxury of waiting till sure and don't mind paying a higher rate as they don't want to get hands dirty till the figures add up hopefully we won't be undersold mangrove are just like the rest of us trying to make money good luck to them they have made a play if it works because they think funding will only come by dilution it could be a good call myself I hope the bulging coffers of the oil companies won't let value just go hobb would not be there otherwise .
Do other shareholders feel that the recent raise was a confident sign of value here ? And the boards seem to be relentless with negative posts and oilman Jim can't stop putting panr in his blog surely there are other oils that would be worth a mention.
I am a long term holder and today I started to add more and will keep doing as it drops time and time again this has worked for me fingers crossed 🤞 it will again .
What do you think a fair price would be in the current climate compared to the £1.84 in 2016 hurricane oil got to about 60 pence with a billion barrels but pantheon are in a better position for recovery of oil I think a pound target is very doable.
Hurricane if they just concentrated on what they are doing now and oil recovers in 2021-22 and restructures debt looks a pretty good small oil company at these prices if they bring in some very apealling farm in agreements at no costs everything else will be a bonus and with the tax breaks owed buying sub 3p looks a pretty good deal to me especially if you have large amounts of money thats not making you any money at present it's taken a lot of money and time and risk just to be where we are now but they will be taking it at the lowest price possible it would of been good to see the company buying back some shares and then consolidate share amount then look at debt and start forecasting figure over next five years .
Hi Royscot when you sell something and have a taxable gain you can sell out and use the loss against it very simple thats what i did and bought back 30 days later the same amount spread betting so used the loss against my capital gains bill.
We now wait to see what was taken up and see if there is any meat on the bones with this company I've been in this share so long now and it has not delivered but been used as a capital gains loss that something finally back would be a bonus .
Yes thats what i meant its now over lets see what happens from here should be interesting .
My open offer has now been withdrawn from my IG so not able to take up.
Think it's going to be very interesting the results of the open offer i wonder if someone will take up on a larger scale because no one is buying.
Does anyone know who took up the placement of shares could it be part of any new deal being brokered?
For the last month I've been trying to buy on IG with only small success i can sell my position but not add which i find odd .