The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Taxi
Apply a different logic, if you have a losing trade, and someone offers you a deal to replace all your losing shares with cheaper ones, would you take it. and sell your more expensive ones.
The margin between the cheaper shares and what the market pays for the same number is yours. You have not got all your losses back, but you have got some cash back and have the same number of shares
Sharebel
Take your ramping hat off, and put on your thinking cap.
It does not matter what price they paid, that was a different mistake. This is their opportunity to recover a little of that, by playing the margin between the new issue price they have secured, and the market price. These people are more rational, and experienced than the average punter, you so try to play, with your MMs and conspiracy theories
Sharebel
Just rubbish from the resident pumper. The Sophs are more than happy with small margins, its their model, they play several a week, its not like 88e is the only game in town for them.
You can be sure any that got trapped in the previous raises are not happy
Sharebel
It is as simple as pie, some investor are selling and moving on
The sophs who already held shares, know they have an allocation coming, and are selling their current holdings, for whatever they can get above the issue price of .0016p. Then pocketing the difference well in advance of the rest of the herd of SOPHs arriving next week
Gemstar 07:09
You are getting worse
After the $120m is spent, PANR will be in production, with its own hot tap connection into the TAPs pipeline, it own oil and NGL processing plant, running 3 production wells.
Based on the latest SMDB flow results, and SLB modelling, generating sufficient free cash to self fund up to the 200,000 barrels a day of production, the full fields development is targeting
Go and research all the steps and detail for yourself, but answer this, what value do you think investing the money will have on the share price. Remember the target is market recognition of $5 to $10 per barrel
It is not in the potential dead end stage of exploration, they have found it, flowed it and assessed it as commercial, so now brining it into production
PS In case you are unaware the CB loan can be paid in shares or cash at PANRs discretion, so paying in shares is no drama against the rising share value
Ausnsw.
Yes I knew that, courageous men that laid down their lives, for a greater cause, in the ultimate act of self sacrifice.
A time for reflection for sure, selfless acts deserve our respect
Madenglish
So actively encouraging the punters to put their collective heads in the sand, block out the contrarian opinions, dont read books, only listen to the pumpers, especially the ones that were on full throttle at .004 and above
Skippy
To give some thing to compare with, PANR in their 5000 ft multi stage fracked flow test of the ALK 2 ZOI
After 30 days the flow rates were, sustained, stable, had peaked and were in decline.
Note the frack fluid recovery percentage is 40%, much less than the 70% 88e state in their RNS was likely to lead to an oil flow increase as more frack fluid returned
On this comparison 88e with 70% recovered frack water are fluffing it to infer oil flow is likely to improve, when PANR has the evidence that oil flow peaked well before 40%
Evidential quotes to validate the above
https://polaris.brighterir.com/public/pantheon_resources/news/rns/story/x8ezopx
"Sustained daily production over more than the last 30 days has averaged over 500 barrels per day of hydrocarbon liquids, "
"Importantly, it is estimated that the well is still less than 40% of the way through cleanup phase, so potential exists for these rates to further improve".
https://polaris.brighterir.com/public/pantheon_resources/news/rns/story/ryed58w
"We are less than 40% through the recovery of the frack fluid (well cleanup)"
Skippy
I dont know where to go next, they flowed 4 barrels, in the 16hrs they flowed oil, you are arguing this is not the key data
Once flow is sustainable, How much oil a well flows over time is the most meaningful data point in any flow test.
Peaks and troughs are just data noise, sustained average flow is what counts
Skippy
4 barrels is the actual flow collected over the 16 hours in which oil was flowing, you can extrapolate that out to 6bopd, it is still poor
Skippy you are arguing that, the purpose of the flow test, was not to produce a viable flow
88es favorite pump site next investors even put out their expectations, under 50 was the bear case, which makes 4 pretty sick
Skippy
The purpose of a flow test is to establish a sustainable flow, so the producibility can be known, so the viability can be calculated
Skippy
Thats a good example, when you look really hard, it actually means nothing
Mikee
I think you just worked it out,
For evil to flourish, good men need do nothing
Skippy
Entirely based in data, the 4 barrels from the SMDB and the 24.8 from the USFS, with 1.45mcft of gas
These are poor numbers, and even poorer for the brevity of the oil cut periods of 16 and 14 hours
The 70% frack water recovery means these flow tests are well into normalizing, the decisions to stop before achieving sustainable flow, answers every question an investor needs to know
Skippy, if thats what you think, then the spin worked.
Time will unravel it
Taxi
I will reword it as the meaning got lost somehow
Information and informed opinion is not your enemy, nor is it malicious intent
Mikee76
How much credibility does a company still have after the flow test RNS debacle
Fair point everyone should weigh the credibility of all the posters here, as I have always said, judge by the content, not the posters anonymous handle
Taxi
Information and informed opinion is not your enemy, or malicious intent
Consider what happens when investors trade on misinformation, such as the mega hype cycle of 2021
All the average investors get robbed, by a few sharks.
Think on what you and others might have done if FOMO created by misinformation had taken over, would you have averaged up like the agenda driven rampers were pushing
It may be better to sit here with less shares at a lower price, and weigh the options coldly
Poor and incomplete flow results, a company the polishes the turd to the extreme, with ~29b shares and a stated intent to consider a consolidation
IMO they will push hard for it, as it is illiquid on the ASX, where trade moves, at a SP of .003c for the average investor are
up 25% or down 33% to meet the market.
Handspringguy 00:03
I agree 88e are talking positive, as they always have, but on credibility
Who should you believe, the people that have been proven correct, and continued to stay on the facts, despite the abuse
Or
The people that printed fully funded, then raised capital at a 40% discount the next day, if memory serves correctly