RE: Big bloody volume8 Sep 2021 21:05
12.49 Hi Scot. If I'd known you were at the door I'd be hiding behind the curtains. Just kidding.
I'm currently roughly 100% up on my investment in PANR so far. I don't want to lose it, so I may sell some or all. My choice and I seek no advice. I have already banked a profit on 88E, and I am now riding free shares on that one. I also have my age and health to consider, which shall remain unknown to you except timing is important for me.
1. I care not a hoot about how many employees or whether they choose to ride tandem to and from work. Every company needs money to operate, whether its 5p or £5m. I've been looking at RNSs talking about imminent this that and the other for the past 18 months, but still nothing (no FO/deal) despite our managements huge success with their exploratory work and analysis. Everyone who follows PANR has detected the frustration of the management which is translated as 'they cant get the deal that they want' AND I may add, deserve. Thats life in the crazy pretend 'green faddy' world that has suddenly sprung up.
The clock is ticking and no FO. No deal. Despite having all these billions of dollars of assets. Yes I'm impatient.
2. I did expect 'something quick' on the back of the webinar as PANR may just as well have done a Ken Dodd, banging his big base drum singing "Come and join us, come and join us..."... but so far zip, nada, .... will we get something before our neighbours drill in Feb/Mar2022. Who knows? Do you Scott?
3. My decision to sell is my decision to sell as you point out. As mentioned above, I've already profited from 88e and free riding. In truth I'm holding 88e for a totally different reason, that I prefer not to discuss here but its got absolutely nothing to do with whether they will find oil or are able to extract it, more to do with whether other people believe it. There are lots of types of research. Not just the conventional type that most investors use.
4. The news flow we need now is how PANR are going to convert their 'discoveries' into next drills, FOs, deals or whatever. Yes I'm impatient.
5. You may have more info than me Scot on the nature of the 'in concert'. I'll hold my hands up, but when I read this in the last RNS....
"Farallon and GBPO (each as defined in section 3 of this form) are acting in concert in respect of Pantheon Resources PLC. As such, the disclosure in sections 7 to 9 of this form reflects their aggregated position, and the aggregated position has been attributed in full to each of Farallon and GBPO. As at the date of this disclosure, GBPO does not directly hold any disclosable position in Pantheon Resources"
.... it does make me think that Farallon and GBPO are actually acting in concert. Because it says so.
Protect the 'Founders' all you damn like, but get them to deny the RNS words? Non capito bene, grazie.
GS
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