Member Info for jazbo

Duckles - Wonder how long it'll be before they start raising money / diving our more shares to the market

Quarterly report suggests -
"The net cash position is considered sufficient to fund corporate costs and also facilitate the acceleration of exploration programs at Panton well into 2022."

Have some patience.
If you are not comfortable that the BoD will do what is best for the company and its shareholders then you can always sell up.

"a process to farm-out PEL0094 was commenced and is ongoing."
Trumpton I expect you are aware of the speed of the farm out process.

"We are pleased to present to you the Global Interim Financial Report for the half year ended 31 December 2017" -
"the Company announced it would be conducting a structured farm-out process in which it would be advised by Stellar Energy Advisors." (that did not last long)
" The Company remains committed to pursuing its Italian applications through to award, along with the Namibian project where the farm-out process has recently commenced with a view to seeking a partner to fund future operations on the Block, commencing with a 3D seismic survey. "

would that make Brazil and Namibia surplus to requirements?

now has 34,091,316 shares (4.2%).
Will he be lucky?

" A takeover will also stop me checking the share price every 5 minutes which is driving me mad!"
Flabby why do that?
It is such a relaxing share to own.

Future Metals -
June qtr highlights -

"Progressed AIM relisting process. Expect AIM relisting to occur early within Q3 2021"

There is only one week to the end of Q3 !

Once funding is arranged for the next planned workload, what is the biggest risk facing the company?

"Peter Taylor, Non-Executive Director of the Company, has decided to retire from the Board with immediate effect."
Nothing left to stay for ?

"The Placing will position the Company to part-fund the new licence commitments, as well as provide general working capital, including the possible pursuit of other strategic options, as previously communicated."
The BoD could not find other options when they had £16m available, so I suspect this comment is supposed to justify their reason for still having their noses in the trough.

Fair points Justone.
Seems strange that we sent Perlite samples to five different customers yet are just trialling pozzolan with one cement company.

Any news on the perlite?
We were told -
13.1.21 Mining of additional 200-ton perlite sample completed and delivered to processing site.

16.11.20 Perlite samples now sent out to potential customers across the USA for expansion testing

16.11.20 Processing of 100-ton bulk sample of perlite completed successfully

27.10.20 100-ton bulk sample of perlite to be processed at the end of this week..

27.10.20 Approx. 20-30 tons of coarse horticultural grade raw perlite to be split between five different customers across the USA for expansion testing

As always it should be borne in mind that this is yet again a management number and one in which it is they who are putting their own numbers into a higher resource classification. It may be that until these huge numbers are independently verified the market will be reluctant to convert in-house numbers into a higher share price.

It may be that so far there has been no joy on the farm-out front which again is somewhat mystifying given how many billions of easily producible barrels the company has. They announce again that they are in discussions with potential farminees and hope to do a deal in the 4th quarter of this year, that may be the time when the shares start to motor.

Pantheon has a loyal bunch of shareholders who are totally convinced that this really is the golden ticket and I hope that they are right. Once the potential problems are sorted, ie a CPR, a farm-out and of course raising money needed to develop the asset they will have their day in the sun, maybe a good farm-out will mean that someone else will step in to pay the costs…

LTIP Awards in May '21
"The vesting criteria are based on absolute share price performance over a three-year period and specific performance targets related to carbon emissions from operations over the same period. For the awards to vest in full, a 100% increase in average share price must be maintained for at least a six-month period together with a significant decrease in carbon emissions per barrel of oil equivalent produced."

Surely they won't need to wait 3 years for a doubling of the sp !

With all the money that is flowing in to the company's coffers, is it a possibility that a special dividend may be forthcoming?

Presumably the sp was a lot lower when negotiations took place to get this placing off the ground.
Worth adding at this price with all that is to come.

It is hard to believe that the sp is still at a level it was over 2 years ago !

Distil plc (AIM: DIS), is pleased to announce the appointment of Michael Keiller as an independent Non-executive Director with effect from 1 July 2021.
Strong CV.

how / who is keeping the sp being restrained within this fairly tight range !

In consideration therefore the Farminee will bear 60% of the costs of the first well up to US$15.5 million and thereafter (if applicable) each of the Company and the Farminee will bear 50% of the costs both of that well and any future costs relating to other work which may be agreed to be undertaken
The Farminee will also pay President on completion of the agreement the sum of US$4m in consideration of the Company agreeing to enter into its performance obligations under the Agreement