Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
It looks as though PANR may gap to 44p within a few weeks. Interestingly that will trigger many index funds to include PANR before it fills that gap. The reshuffling from the Indexes would trigger an almight squeeze on any short interest.
That is why PANR is a stonking BUY.
HOW did I stumble across this one?!! All said, I am very glad I did.
OPINION: STRONG BUY
Pushing on to 31p. Small resistance but looks like it will breach. 44p gap to fill.
Mangrove... 13.8 million shares short that have to be bought back. Just today they are down another £70,000. Will be VERY painful for them to close out into this momentum.
Would not surprise me if this gaps up extremely fast with MMs facilitating a buy back of the majority of Mangroves position in set blocks.
Of all small cap oilers this stock looks set to absolutely rocket.
Opinion: BUY
31.2p is next minor resistance.
BUY
Incorrect petroinvestor. Mangrove stopped adding on 11th Sept and are instead now losing heavily to the tune of ~£800k
They are being burned to a crisp here.
Check the short tracker.
https://shorttracker.co.uk/company/GB00B125SX82/
THAT WAS FAST.
29.34 smashed. 30p is here.
BUY
Push to 30.4p very much on.
Brokers all quoting above after clearing 29.34p
Once over 30 the run is on.
Shorters are Burning here.
BUY signal.
Mangrove now -£790,000 on their short position.
They will have to close.
13.8m shares to buy back.
Ouch.
Run to 44p on charts is now opening up. 29p is inevitable.
Wowser. STRONG buying pressure!! Gapping up.
There we have it. Breached 29. Gap to 44p expected.
BUY & HOLD.
44p next stop.
Munnie.
Says it all. They will have to buy back. Painful for them.
https://shorteurope.com/history_player.php?player=THE%20MANGROVE%20PARTNERS%20MASTER%20FUND%20LTD.&land=united_kingdom#Pantheon%20Resources%20Plc
Well. As I said, 25.65 was a given. Smashed that. 44p is next support. If we breach 29.2 then its a closing noose and it will almost certainly gap up.
Keep watching. If shorts have to capitulate then all bets are off and this will rip.
Actually spent a few hrs reading rns (unlike me!). Seems this isnt a classic shi*tco AIM share but has actual prospects. Makes a change. Clearly was manipulated down by usual short interest over last year.
I bought 150,000 shares over last few days. I may ride them out for a while. Wasnt easy to buy either. Always a good sign.
This well frac re-entry looks promising. From what I can see the SMD horizon looks like it will produce robust data. That would really put the cat amongst the short pigeons.
Happy to be in.
Munnie
Well, there we are... absolutely no stopping this meeting the 25.65p mark. This is building hard. Offer being smashed. Having spoken to 3 brokers in the last hour it is clear that the push is very much on.
I do feel for the short interest I can see selling into the push. Poor management from Mangrove. Close above 25.2 and they will be gapped up to oblivion.
Couldnt care about the long term of this company. In fact I dont even know much about PANR, but as a trade to 44p support this is as certain as I have seen in a long while.
HEAVY BUY SIGNAL.
The very short term technicals support 25.65p within hours.
Thats a further purchase from MT.
Strong buy. Everything points to asignificant gap up to 44p. With nearly 15m shares short from one fund (Mangrove) it is likely the gap up will implode their hedge. I would expect heavy short buying to rebalance very soon.