Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Last one from me for a while now as dont want to participate on such a toxic and unhealthy and unhelpful board
All I will say is not just to Louis but all in here with a negative view of pantheon what is the agenda in doing so but is it to educate the unwise to
Move along and not invest and protect their interests
If this is the case then would say thank you and now you’ve done it please move on to another board and lend your knowledge to others more appreciative
Ah Louis charming thanks for that
Was a little worried you weren’t going to have an input over the bank holiday weekend as we would all miss you dearly
I know many on hear would like to see an end to your positive and informative posts
And for you to pxxx off but not I
Very much looking forward to pantheon coming good for all on here and us all meeting you at a big company do to celebrate and give you a great big pat on the back sure you know what I mean and share a beer
A couple of questions to ponder whilst waiting for next rns
Does anyone know of any largest oip finds in the world like ours 2022 on land not then coming to fruition or productivity later on
Why would any oil major not then take us on board as a farminee at a the cost being 100+ million as a tiny fraction to what the upside could be and cos with recommendations coming from these well recognised independent companies
Baxi
In a nutshell that’s exactly what we’re all doing here
The buzz of the next big find
Feel we’re not far away from finding out who in the industry feel we’ve got a winner and wanna jump on board or we just gotta raise and dilute and go back round on the merry go round of oil exploration another year
Dyor good luck all here
Buzz thanks for positive post on another sp negative day
Would you agree only thing that really matters is raise funds dilution or partner and production flow test theta and talitha
If no joy on both then I can’t see it getting any better and probably good night godb less but if one comes off all good
The two drills we did 2021 in both plays where we proved oil are these just capped and can we go back into them or do we d to drill two new ones
Just asking
I think Louis any suitor is waiting on the data room opening as has been mentioned many times
Full figures and breakdown of alkaid and cpr reports from independent company and industry recognised good or bad should it be
When we do post. And I know your not a stupid man youl know through historic posts and rns s recently the position we are in with farminees etc
To add
Yes they may drop to 15 16 17 pence but remember they’ve ploughed now £300 ml plus into exploration and seismic 3 d and oil
Lease purchase and with
A market value of £160 ml half what we’ve invested not to
Mention of value of oil in place 2 bln at 80$ barrel approx
So risk reward
Possible 15p. To possible £1.30 +
If dilution then yes as it will have to receive interest and this will only occur at a discount to sp now
But jay and others have emphasised many times they don’t now want dilution but a prtner possibly for the reasons I mentioned in my post
To go from £1.56 to 20p is unjustified on just alkaid 2 results and jay not picking up share options
Louis I’ve read your posts as many have on here now and your point of view
I respect all on here as I would want all on here to respect my view which I admit is a little less
Knowledgable than Scot or olderwiser and others
But not to say I’m a stupid or ignorant person
I have picked up over time invested with this oiler and others that exploration is high risk and before flowing oil takes investment in dilution raising funds or farminee
Dilution means we still retain 100 % which we do but of course more shares or farminee cash in bank and experienced partner
We have now drilled 3 or 4 counting alkaid 1
And all have flowed
4 out of 4
And alkaid 2 dalton highway and taps
550 barrels 750 no matter
as it was to tell us it’s there and it flows we went in horizontal at 5500 not the 8000 intended so would have them got the 750 plus
I’ve no doubt this story has a way to go and we need now a partner in my eyes as cash raising only brings minimum drills over a larger period of time with winter drilling theta and talitha etc
A partner let’s hit everything all at the same time with a conservative 2 Bln in place plenty to farm out to a partner and clear the debt hanging over the company with surplus cash
I understand industry standard of oil in place is usually 30% not 10% as indicated by jay
To summarise I wish you well Louis and hope you can see some positiveness in this company
And it carries through into your personal life
Life’s so bloody short it should be enjoyed
Remember independent view largest oil find on land in world 2022
Lots of idle chatter on here ad adfvn site
Good and bad
But did read somewhere quite true
After all the drills flow tests reports and recommendations schlumberger and all others
Once data room opened and parties invited to put any offers forward
It doesn’t then matter I’ll advised individuals thoughts but how it’s perceived and understood bu industry End of
If negative then sell but I’m sure it’s positive with a very healthy future
No ramp just my thoughts after being mm this journey for a few years