Mangrove13 Apr 2023 11:41
Picking up on the book "continuous" movement to the upside from the mm's
09:49:08 24.00 1 0.24
All happened after this trade....hhhhmmm could we be getting our reports.... or upgraded resource estimates.
sirmark13 Apr '23 - 10:40 - 4371 of 4371 Edit
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You could argue and say that the short position of 0.87% (6.6mln shares) need to be bought back soon as there can't be much left to the down side, but with volume so thin at the moment this could take them a week or two to clear.
The Mangrove Partners Master Fund, Ltd. Historical Short Positions
Company % Short Date Changed
Pantheon Res (PANR) 0.87% 21 Feb 2023 sp was 49p - 52p
The below shorts on the day the price range was 73-78p on the 1st and 71-75p 3rd
Pantheon Res (PANR) 0.61% 3 Dec 2022
Pantheon Res (PANR) 0.54% 1 Dec 2022
So with today's share price of 24p they have made a paper profit off £3,003,856.00
Pantheon Res (PANR) 0.87% 21 Feb 2023 + £563,420.00 (2,048,800 shares)
Pantheon Res (PANR) 0.61% 3 Dec 2022 + £270,284.00 (551,600 shares)
Pantheon Res (PANR) 0.54% 1 Dec 2022 + £2,170,152.00 (4,255,200 shares)
EVERY penny this moves back up costs them £68,556.00 they will try to protect this but they now the risks and were more likely to spike up a 10p than drop 10p IMO. Regardless if they raise funds as this would IMO take out the risk currently baked into the share price and regained confidence will be back and this would move considerable to the upside.
Of course all imo however Mangrove will have a task with current volume to close much without moving the SP to the upside.