Member Info for Jacksdad

Thought you were on holiday? Nice first post...full of well researched insight and detail.

Again read the RNS the original budget was for $10+$15 which usually adds up to $25m the additional $8m was the overspend which was as I say a considered decision

The additional costs were a considered decision and not due to anything unforeseen. You are presenting yourself as knowledgeable and yet your posts don't really reflect that. Not sure why you think today is the time to start posting having never posted anything about anyone before....strange IMO

BA you say you think this is a short play and then confirm your a 'seller' Both very different positions. Is what you are saying, you have sold at today's price and then taken a short position? If that is your position then all I can say is good luck.

Will need to fill that gap soon IMO...FOMO will kick in

I am adding...you may be right to hold back. Each to their own. I am comfortable with the risk v reward at these levels.

The discounted placing in September was over subscribed with the company limiting it to $30m. Existing investors re invested at the subscription price of 25p. No bad news and all going to plan...amazed we're still at these levels hey ho.

Should start to move upwards from here IMO...this weeks drop is way over done and no surprise that someone with deep pockets has bought in

I agree that the short is possibly a hedge on a long position. The short is helping to keep the SP depressed, so if they are building a long position they are doing so at a discount. If this is indeed what they are doing once they have accumulated the shares they need, they'll close out. All IMO obviously.

Can't see why the SP is still at these levels. There is a tiny short position, which I think is dragging down what should be positive sentiment. I added yesterday and continue to believe that 57p target price is more than achievable short term. IMO

Can't see why the SP is still at these levels. There is a tiny short position, which I think is dragging down what should be positive sentiment. I added yesterday and continue to believe that 57p target price is more than achievable short term. IMO

that's my point...the overspend was a considered decision and not the result of a **** up....

The cost overrun was a considered decision. PANR decided to do more coring work to pinpoint areas of interest. The $8m might be the best money they've spent if the have successfully identified the location of hydrocarbons.

Did that RNS let the short sellers out? If so we could see 30p plus before next update IMO

MMs drop the price below market value to trigger the stop losses ...as soon as they are triggered the price moves back up..making it impossible for those who've sold automatically to buy back in and make a profit.

Market has reacted as if this well is a duster...it's quite the opposite. They have found oil and gas and are working on how best to extract it...plenty of good news ahead IMO...

'Gas production increased over the period' would suggest to me there is a decent sized hydrocarbon reservoir ready to come to the surface. CEO job is to report the facts...and he has done that. GLA

I am holding both...bought more PANR today and more CASP yesterday 😊

The 12-18mths quote is bizarre..could easily be 60p on next update...IMO

Looking massively oversold....all markets very twitchy at the moment....the money is there to come back in...the SP drop on the RNS is totally overdone IMO