Member Info for jazbo

Chief Executive Tadeu Marroco and person closely associated Luciana Franco Do Amaral buy 5,000 shares jointly at GBP43.06 each, worth GBP215,300, on Friday.

Is this a way for Buck to make up for taking a matd pay cut last year?

RNS 30.7.25

Cost control

Recognising that cash is a precious resource, through 2025 Petro Matad has been carefully reviewing its cost base and seeking to make sure it is running as efficiently as it can. To this end cost saving measures have been introduced and will be maintained. Steps taken include a reduction of salary costs achieved thanks to the three expatriate staff members, including the CEO, agreeing to salary reductions of 70%. Opportunities to trim costs whilst maintaining the Company's operation capability and competitive advantage continue to be evaluated.

Jacksdad, would you authorise an extra $8m spend if you thought it was pointless?

Max Easley, Chief Executive Officer, commented: "I continue to be pleased with the ongoing safe and efficient execution of our operations to date and look forward to sharing more about Dubhe-1 results when we have them."

"The net funds raised will be applied to general working capital and to support the Company's plans for advancement of the Company's mineral projects."

This Company has plans ? !

"Steps taken include a reduction of salary costs achieved thanks to the three expatriate staff members, including the CEO, agreeing to salary reductions of 70%."

Why would they agree to work for 30% of their previous pay?

He is 68 in November.

I wonder when he would be starting to consider retirement or is the £400K pa plus too much for him to settle down

Wigster77 - "Thanks Abzzba - let's hope this comes to fruition very soon: "$100 million to $900 million, with a likely valuation clustered between $200 million and $600 million"

interesting view on AI -

When a takeover bid is made for an oil exploration company, the share price typically experiences a significant increase, often exceeding the company's pre-bid price. This increase, known as a takeover premium, reflects the premium offered by the acquiring company to incentivize shareholders to sell their shares. The exact percentage increase varies, but it's not uncommon to see premiums in the range of 30% to 70% or even higher

In answer to your question , 40034427

"What utter nonsense"

which is why his future obfuscating misquoted comments are now in a green box.

KJP you posted this on 29.4.24 -

"BOOM! So glad I brought into this last week.

Fantastic company. So bad it was bashed down by derampers. Hope others brought in the low 30s too.

This could go back to £1"

Are you in profit yet ?

"We hold our precious metal projects as available for sale or joint venture whilst we focus on progressing our industrial minerals projects"

and yet the company has done nothing with the assets.

Just about sums up the lack of drive by management.

And what was the action taken against those fraudulent bear attackers? none.

the system is crooked.

Reduced North Sea investment as a result of UK government policy could lead to millions of tonnes of additional CO2 emissions from imports. UK needing to import 70.5% of its gas supply.

The solution is obvious.

Bistable - remember what Justin Hondris replied to a question re ISAs about last March -

This was posted by someone on Discord today -

"Dear Alistair,

Apologies for my delay in replying.

We haven’t yet made a decision on what our UK listing position will be following a US listing. However, I can inform you that we value our UK investor base and at a minimum would anticipate holding onto our UK listing for a number of years.

In terms of ISA’s, you should also note that these can hold US stocks.

I am a UK resident and hold Pantheon stock in my ISA too, so I am aligned with UK shareholders.

Best regards

Justin Hondris

Director

There were a few people raising concerns here about this situation so I thought I would share this reply from Justin Hondris. Hope it helps."

Any update from Mangrove expected ?

"You were only supposed to blow the bloody doors off."

MZ Group will lead a strategic investor relations and financial communications programme with a particular focus on North America. MZ Group is working closely with Pantheon management to develop and implement a comprehensive capital markets strategy designed to increase the Company's visibility throughout the investment community.

So much good news for our new PR company to share with investors.

They should be spreading the word all weekend - time to show us they are up to the job.

Put richar in the green box

Hmmmm, who to agree with Madman-Rob or TheBold. Let us wait and see RNS 6.6.24 - Financing

The Company is fully financed for all its near-term operations.

Following the results of the Sandjet rigless testing and the first two well workovers in Trinidad designed to re-establish oil production, the Company will re-assess its funding needs for the next 12 months. RNS 8.8.24 - The MOU-5 drilling objectives remain as announced on 6 June 2024.

Operational planning has now re-commenced, with the regulatory process concluded, to complete the MOU-5 drilling programme this year at the earliest opportunity.

Stas20 -

"all this talk from the board about minimal dilution"

How would you describe dilution that is less than 14% ?