The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
All of that supposed '88e potential' and yet the market does not agree one bit. Hence 0.14p and dropping.
You could always join Owls in a fictional short on PANR ๐
Someone call a Taxi for Taxi...
Good luck with your fictitious short position, Owls ๐
Hi Taxi
Its just a simple assessment and to demostrate how investors listening to the likes of you and your crew should be very careful...
PANR... up nearly 200% in under 12 months. Multiple reports by SLB, Netherland Sewell, confirming billions of barrels of contingent resource, and LK report confirming commericality of Aphun aspect, with Cawley Gillespie report pending to confirm further. Plan for FID well-established. Steady progress.
vs.
88e... down nearly 70% in 12 months. 4 barrels of oil on recent flow test, > 20 billion shares in issue, bod plundering your coffers, switching focus away from North Slope and plenty more capital raises just to keep the lights on.
Hardly worth comparing. As I and many others predicted weeks ago, 88e share price is perishing in line with their flow test results and in line with market expectation of further placings. Will eventually go to the 0.00s. Its another echo energy.
Thanks, though๐
No surprises here that the SP is decaying.
Everyone was repeatedly warned not to listen to the ramp crew - MysticMeg, Stas20 etc who were encouraging buys well into the 0.4p range
This will be 0.10p soon enough.
More capital raises to come, undoubtedly.
4 barrels of oil is not a successful flow test.
See you at 0.10p by end of Summer.
The same Stas20 who claims to know what is happening with PANR and making very bold statements, is the same Stas20 who was telling everyone that 88e was 'about to pop' and was 'going to go to 1.7p'. He maintains that 88e did indeed have a positive flow test, which would mean by his logic the price should be 1.7p Instead it is more than 50% lower. So Stas20, perhaps you should reconsider whether you are the right poster to be offering advice.
His posts are there for all to read. Today 88e hit 0.15p
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Stas20
Posted in: 88E
Posts: 6,772
Price: 0.33
No Opinion
11 Apr 2024 11:47
Price about to pop
Just upped the bid.
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Stas20
Posted in: 88E
Posts: 6,772
Price: 0.345
No Opinion
Lets get back to the possible 0.822 on a on positive SMD-B.5
Apr 2024 08:00
Where might the SP go - on a on positive SMD-B, I'm going for an initial target of 0.822 - this will complete the right brim of a long term cup and handle formation (feb 2023), maybe a little retrace to then push on to 1.755p as being the last most recent Mkt Cap high.
Well done Goldwater. You just saved losing the lot from here when this ultimately goes to zero, or dilutes to the 0.00s in time.
Taximan, read up about updip vs downdip. Good starting point for your 'oil and gas investment journey'. 88e is downdip in the tail of this acreage (that means dmax is greater, and thats why you got 4 barrels on your flow test). You are welcome.
0.15p As expected. Will carry on down.
No news. Again.
Chances of this heading to 7p is very high. Despite all the backlash to such opinions, its the lack of news and the probability that news will be more delays or something unexpected that will see this shareprice being continually trimmed down.
Neither a 'ramp' nor a 'deramp'. Just a realistic outlook.
I think 7p is entirely likely unless a stonking rns is issued. Chances of that seem slim given historical news releases.
All investors need is an rns stating testing has started or the testing kit is on site, and this would quickly move back to 10p +
It just seems very unlikely for that to arrive before a significant price drop arrives.
Welcome counter opinions.
Tmhs
You sound very much like an 88e investor with that kind of speech.
When this was 14p people were screaming to buy buy but 'its going to 17p' and more...! It might, and more, of course.
Yet, now 8p bid.
So, your point really falls short. I had shares around 7p, took profit and sold out flat on some of the original around this current Sp post failure to penetrate formation damage rns.
It sounds as if you are triggered by the notion that posters can bisibly see a share price sliding back and instead of buying high and selling low ir watching their value decrease (did you do this?) that instead it makes sense to watch it slide further and maybe buy lower. Thats just sense.
Simply a difference of opinion/approach.
So far, share price has degraded in line with my expectation. Unless a decent update the lack of clarity will see it lower still.
14 trades today. Thats a ghost town. No 'institutional' buying, despite being cut in half in last few months. Hardly clamouring are they.
We will see.
I will wait, even if you are unhappy about it.
This company knows how to do three things very well
Not test their wells.
Raise capital repeatedly for testing and not then test.
Destroy short term value after capital raises.
The 7p range is entirely likely to materialise in this apparent news vacuum.
No news on drilling, no timelines, no news on sandjetting.
If Paul Griffiths is angered by the lack of value attributed to Predator by the market then it truly does seem to be of his own making in the short term.
Regardless of the potential prospects IF PRD drill or test, one only has to look at the historic approach managment have taken to deduce that they are likely constructing yet another un-meetable timeline or change of plan to dish out to the market.
I said the same at 10.5p.
I will be saying similar all the way down to 7p and lower at this rate, although the volume shelf at 7p seems to be a reasonable support.
Hopefully a meaningfull update soon, but that would see the sp lift back to the 10s perhaps. Certainly plenty of time and opportunity to get in a bit higher, but why be in now when the market cap will invariably slip away even further in this environment of lack if transparency.
Geology is seemingly strong.
ITR strong.
Prospects strong.
Could be big (should be big).
Lack of 3D seismic... questionable (didnt help Chariot though did it!)
However, PRD ability to execute in timely way or meet own stated agendas... very vey poor. Lack of Nomads is not a plus in these main market listings. Middle fingers more than rns' unfortunately.
Sell (or at least dont buy), until update.
Not invested curently.
You backed the wrong horse, Stas. That much is clear. And nearly 7000 post wont make up for the fact 88e have taken your money and put it directly into the directors pockets, as usual. Rinse repeat. Everyone warned you, but you didnt heed the good advice. Your cross to bear at the end of the day.
But do continue to make your predictions. Just dont expect anyone to pay any attention to them, is all๐.
This is the same Stas20 who is at least 50% underwater in 88e after pumping it relentlessly along with Mystic Meg and co. And now trying to give wise advice on PANR.
Here are some of Stas20's 88E whitterings. Judge for yourselves whether he is qualified to make even the most simple of stock calls:
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Stas20
Posted in: 88E
Posts: 6,772
Price: 0.33
No Opinion
11 Apr 2024 11:47
Price about to pop
Just upped the bid.
---
Stas20
Posted in:ย 88E
Posts:ย 6,772
Price:ย 0.345
No Opinion
Lets get back to the possible 0.822 on a on positive SMD-B.5
Apr 2024 08:00
Where might the SP go - on a on positive SMD-B, I'm going for an initial target of 0.822 - this will complete the right brim of a long term cup and handle formation (feb 2023), maybe a little retrace to then push on to 1.755p as being the last most recent Mkt Cap high.
---
So then Stas, 88e bid price today 0.155p. >50% down from when you were pumping it. Less than 1/10th of your 'target price' of 1.754p. Let me guess, you 'sold out' in time and didnt get shredded on the 4 barrels of oil rns.
Please post some more predictions for PANR holders to ignore.
Thanks ๐
As I said, good prospects IF they drill or test, but as has been demostrated repeatedly in the past PRD are unlikely to ahere to any self-stated timeline. Total lack of clarity and communications will see this perhaps back in the 7s before long.
Certainly if no set timetable for sand jet perfortation will see confidence in delivery of any near term objectives at rock bottom. Near enough already is rock bottom.
Recall also the statements around Trinidad providing income for Morocco. This was said in numerous rns back in 2020. Trinidad was then mothballed (for numerous reasons). The narrative is now back to Trinidad providing income in recent communications.
I would be (and am) exercising maximum caution here.
Social Media commentators have been wildly far off the mark. In fact, many have been so far wide in terms of predictions that I am surprised they even continue to post at all. Many will swallow anything that supports their strongly held viewpoints, but reviewing PRD performance objectively it is only possible to see a company that has so far failed to deliver the primary objective which is gas flow, despite holes being drilled over 3 years ago. Suggesting that wells in trinidad be worked over to miraculously provide income some time after Q2 is as ludicrous as it sounded originally when printed. I predict we will hear nothing meaningful about Trinidad well in Q3 or Q4.
7p range is support. It seems very likely it will get there soon unless the directors give a firm date for testing.
Not invested currently.
Will consider at 7.5p if it arrives.
Closing below 9p would be very significant as indicator of near term direction.
Still pumping this sh*itco are you lot.
We'll speak again when the SP is 0.10p and then again after that when the next capital raise rns comes along.
Until then all there will be is tumbleweed and a depreciating share price. More of the same to come for all holders, unfortunately.
You were all fairly warned, but nobody listened.
Madman Rob
88e also just said they were 'fully funded' not a couple of weeks ago in numerous 'legal documents', as you put it. But then immediately placed for ยฃ5m shares.
Now, its entirely ludicrous to compare prd to 88e. 88 are a well-established sh*itco who will likely trade in the 0.000s of a penny eventually. Prd is not that. But both need funds to ensure survival, and you will know if you have read all the previous rns here (as I have) that Prd placings have come multiple times in spite of posters such as yourself stating it cannot/will not happen etc etc.
The director of prd even lent his own shares in a very tortuous attempt to create headroom. Worked, but not before the financial advisors seemingly quit soon after. Coincidence? Guess we will never know. But yet you say a placing cannot happen... Doesnt follow.
I would urge you to review all prior rns and capital raises. Not least the 11p raise for testing (again) which sunk the sp and traded it at 7p range pre christmas.
The rns are there to read.
Yes, not currently in. I was in, but sold down due to the last rns and went away and made good gains shorting sh*itcos on AIM.
Again, prd is not one of them and shorting a company with prd prospects would be foolish.
But watching and waiting does not seem so foolish at present. That is all. Openly bearish shorter term. Agree with you that the potential value is huge, dont doubt that. Just feel that more delays likely and capital raise probable/possible.
Yes, my opinion.
Nigel
Placings are a requirement for small cap explorers. There have been many here. In fact, there has been an extraordinary number at frequently inopportune times. I feel a placing is again very likely. There are others who will likley agree, and of course many here who will disagree.
Drilling will not happen here for some time in my estimation - probably Q3 onwards. Sand Jet also seems unlikely to happen for some time either, judging by the vague lack of committment language used in the recent rns. Often a subtle clue with PRD.
I feel a placing is very likely to underpin Mou 5. 12% chance of success is a practically wildcat.
Sand Jet tesing may of course prove up the reservoir, but certainly no guarantee. Any difficulties with Sand Jet and PRD will have to raise at an enormous discount to todays prices ahead of any Mou 5 drill. And that discount could be at a discount to 2p or less if SandJet does not establish contact. I do not think anyone would disagree that 1-2p is likely in that scenario. Sand Jet is 'last hope' sort of territory.
Why would they risk it?
Therefore, expect a capital raise soon at a discount to todays prices as they currently are.
My opinion.
Not currently invested.
Would buy at lower Market Cap to justify new risk as I see it.
If Prd announce Sand jet is through customs and a set firm date then expect a small rerate and buying at a higher pre-test Sp would be justified.
Im not invested currently.
Good that PRD have confirmed the extension; that was a bone of contention.
I find it very odd that they give no clear indication of drilling or testing, yet again. Poor comms.
This vagueness is unhelpful for investors.
And I repeat, as it remains relevant - Paul states the market undervalues prd. However, he gives no clear guidance and leaves investors having to guess at even the most basic details. This on a background of continually missed dates and target timelines.
What does he expect. LSE is shot and 'non-updates' like this one do not help at all.
The issue with the extension has been floating around for months. Anyhow, todays rns puts to bed that issue and everyone can move on.
But... days, weeks or months away for sand jet?? Its a complete unknown and this is why prd will continue to be undervalued. Is the kit through customs? What does 'preparations...can be progressed' mean...?! Means nothing to me, so I translate it bearishly as 'havent planned yet, but intend to plan" = open ended
Great if they test and flow good volumes- shareprice will blow the gauges, but vague updates really dont help.
9.2p is poor and almost 100% reflects poor comms.
Still out. If we get dates and clear customs for sand jetting I would buy back in for the ride. But I would rather buy back at 15p than buy now on the risk of it falling away as the haydevils roll into Summer and more non-comms muddy the waters again.
Miner4... is it the full stops that are dramatic, or the extra circa 4 billion shares from the capital raise hitting the market at 8am that is dramatic.
The consolidation will be even more dramatic-er when it comes, Im quite sure.
And good point, Olderwiser...
Anyway, lets see what 8am brings.
This is useful to compare 88e
https://www.reddit.com/r/PantheonResourcesPANR/s/amvgPtaAUp
Might someone give an indication as to when the 3.5 billion shares from the placing that wasn't supposed to happen as 88e were 'fully funded' are due to hit the share register, please?
Was it 1st May...? As in Wednesday 1st May.
Pretty sure that is what the rns stated.
Three. Point. Two. Nine... billion.
Yup.... Billion.
Consolidation, anyone?
Jimmy
Apart from you being clearly a sheep-masked wolf of some kind (it really stands out in your subtle commentary!), I happen to agree with your general sentiment.
I was in for a while on the prospect of testing but sold down after the nasty taste the fluffing of the 'testing' rns left in my mouth. That, and getting a sense of feeling like I was being talked down to like a child at the recent hnwi investor presentation. It was a little unpallatable. Sold out.
Predator have good acreage no doubt about it, and clearly appears that flowing gas is possible. IF they test. And only IF they suceed. But beyond the obvious this company has many warning signs all over it, also. Company presentations are pure promote, and predator are no different, except you also get agression and some odd kind of threats thrown in for free. Markets on LSE are shot, but dont make that the excuse for a low market cap when your company doesnt test and places shares unceasingly under the premise of testing. Its pittiful lack of accountability.
Otherwise, the possibility of placings must be taken as a serious consideration, and more signifcant delays than many here are likely (or willing?) to acknowledge.
I feel a placing is approaching and that is based on the prolonged delays, poor rig availability and Paul being more interested in exploring than producing it seems. As well as a similar history of silence when approaching (and bypassing) laid out timelines.
I highly suspect he has been trying to work some new deals while testing is put once again on the backburner. What is happening with CEG? Paul is fixated on Trinidad. It is clear. There may be a bait and switch coming along. Its not uncommon for junior explorers to keep the fires stoked with distraction.
Delays here often lead to unfavourable rns, and the first many often hear is when that rns lands and the sp plummets.
With this in mind, I suspect a placing will occur before testing or drilling has happened, and delays to sand jet and mou 5 will stretch into Q3 and Q4.
If prd test and flow, with no delay, then good on them, and everyone IN will make good gains.
I am not curently invested. Would consider after a placing to ensure funds for drilling (as testing likely wont happen until Mou 5 is drilled... IF it is drilled!). But not before.
My view only.
Sharebel
If 88e was the Titanic, you would be that one passenger telling everyone to remain calm because the iceberg is already priced in, and that now is the time to get an upgraded room.
See you at 0.1p