Member Info for Rktech

In all fairness to Asher I don't think you can accuse him of running a lifestyle company and he and other directors have in the now distant past put up their own money and Asher alone more recently.
TRP spent too much effort chasing rainbows and wildcat prospects and again in fairness to JA he has said for years that Cameroon is now the focus. Truth is he has been unable to sell the JV to anyone and a term sheet from an African bank is not worth ........well it's not worth anything really.
The company is now on it's knees and it's obvious to any predator but If they wanted the license I think they will just have to wait until May and take it.

I'm afraid there was only a slight dead cat bounce and it looks as though PANR is going to hit new lows.
I cannot believe this is just down to a short attack based on rumours but more like big players know more than us.
It's another Jam tomorrow but only maybe if everything goes right.
E&P sector investors have seen this so many times and run a mile.
Of course SNOT is back as ever.........popular as a fart in a spacesuit but so full of himself that he's saying we'd all better be praying for success at Alkaid or we're doomed.
I don't want Alkaid to fail just because of SNOT and his antics and it may be a great recovery stock. On the other hand the fall has been so rapid and severe I fear there may be substance in the negativity.
Funding is of course the issue and a JV would be the best solution. A heavily discounted placing now seems to be already priced in and I'm not expecting any help from good news at Alkaid.

NO.........but a keeping the lights on placing is due soon.
This company has some history and one thing they've done twice now is consolidate and place.
Wipes out existing shareholders and it won't be the first time JA has lost a lot of his own money.
Cannot imagine there will be any takers other than a takeover and an option to pick up a cheap license.
Asher should have been more decisive years ago when he had the chance.

I can't believe this crock of sh_te is still going.
Slovenia doesn't want AST and it's never going to make it. Look back through the history.
It's just a lifestyle vehicle for Parsons and his chums........wise up folks and get out while you still can.

I have to say that the SP has reacted very badly to all the negative comments flying around on social media and would also say that I will not be buying any........on the contrary I have just added to my 88E holding.

I don't think PANR has hit the floor yet but could be a great recovery stock even with all the risks involved. All usual caveats apply especially DYOR.
Happy new year all.

Schadenfreude ...........Taking pleasure in the misfortune of others.
Trust the Germans to have a special word for it !
It's down 40% now which seems a bit excessive.....Do they really know something or is it just the shorters having a party ?

And the SP id down 25%

In the absence of any JV or finance terms then an equity raise of some sort ( placing , convertible notes........whatever ). would seem the only way.
Equity placing would wipe out current shareholders by 90% even if they could get it away.
In the meantime there'll be the regular placing to keep the lights on and a death by a thousand cuts decline.
License expires in May.
Sad to see the P&D merchants have arrived trying to make a fast buck off the gullible. A bit like vultures circling a corpse.
Nobody can say that JA has not put his money where his mouth is but unfortunately he doesn't seem able to cut it with dealmaking.
Using a mickey mouse outfit that provided beluga and that other bunch of ozzie chancers .....oilR or something was the best they could manage.
I think it's time JA looked for a viable option , however painful it might be , before there is no company left.

It's now a question of whether Governments and their regulators like the FCA who are just government schills will allow more neo banks with their own blockchains.
They plan to have CBDC's in a single circuit system which will eliminate all banks in the extreme.
It's now down to people to resist the imposition of CBDC's.....at least on a single circuit which would eliminate all retail banks and everyone's money would be under the total control of the central banks.
Remember Klaus Schwab .....he of the WEF. " You will own nothing and be happy ".....that's his mantra.
I guess we'll find out soon.

Steady as she sinks !

some good discussion going on here. Unfortunately I'm expecting Snot to turn up soon with his negative vitriol.
Maybe he can explain the delay in any useful news on PANR;s drill ?.......but I doubt it.
Confidence in PANR is being severely affected and coupled with the opportunist short attack has not made it seem like a rosy prospect.
PANR management don't seem like a lot of other AIM snake oil salesmen........but a positive update would certainly do them and us a lot of good.

On the same theme I never thought this would even be possible.
Talent like this makes you feel very humble.
https://www.youtube.com/watch?v=o6rBK0BqL2w

Brom.......Question ?
I know this is going to be a best guess but what are your thoughts in financing for the rig/drill ??

A veritable one man P&D merchant

What exactly has allegedly been sold ???
A DaaP or Dapp or Decentralized Application.
This is something that would run on a blockchain and would need to be tokenized to monetise it.
Who developed it ???
Look.....I hope this is for real but don't hold your breath.
Remember the disastrous trial that had no working product.........the runway........the empty cardboard boxes.....the countdown clock.
#believeitwhenitsinthebank

Just a C&P of OJ's blog:

For 88E:

88 Energy (88E) announced it was the highest bidder on 10 leases covering approximately 25,600 contiguous acres immediately south of Prudhoe Bay on the North Slope of Alaska. The acreage, referred to as Project Leonis, contains the historical exploration well Hemi Springs Unit #3 (drilled by ARCO in 1985) and is located adjacent to TAPS and the Dalton Highway, enhancing future potential development commercialisation. Initial internal interpretation of 3D seismic data indicates a prospect that appears to be bound by faults on three sides. The main event coming up in the near future is drilling of Hickory-1 in the first half of 2023. Expect a placing fairly soon to finance it. 88E has been covered in the private blog three times in the past three years recording gains, of up to 1,300%, each time.

And for PANR:

Pantheon Resources (PANR) also picked up some new Alaska acreage in the sale: 40,000 acres positioned in two areas contiguous or adjacent to its current leases. Professional shorts are out for this one and the share price has halved since August. They think it’s a fraud.

Thanks for some more well researched info Brom.
Saying drill in Q3 was ridiculous but it's good to see it in perspective with truthful information.

Earl.........Exactly why are the " charts looking good " ????

It's not what's happening............it's what's not happening.
As for shorting............please not that old chestnut.

JA decided to change the company ethos from rainbow chasing wildcats to a discovery and short cycle production play.
Great idea and so the thread title here might be appropriate in an ironic way.
Trouble is we are one year on from when we were expecting an approval from Cameroon and a spud in a matter of weeks.
I think it's obvious that Beluga couldn't fund their share and in the meantime apart from some non binding statements of intent there's no JV for want of a better term.
If the company cannot get anyone to take the chance and run with this project then the only way is an equity raise.
Can't see any other way.
I have faith in the viability of Njonji so let's get on with it before the ongoing cashburn and possibly of no license extension after next May just drive Tower into the ground.
Hoping for a miracle from Namibia or SA is not what I'm here for.