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Seahawk, I personally thought we were having a good debate, l may come across as negative but I am equally happy to be educated by the positives. I object to your saying I am telling porkies, please point out where you think I have lied and I'll hold my hand up to that and retract. I have not knowingly lied about anything I have posted here.
Well that's for debate, two are now one, I would argue that if it was panr that had done the whittling down, I think they would have said something alone the lines of, we are now in final discussion with our preferred option, rather than what they did say, which was along the lines of we are now only in discussion with one party, with no positive spin at all.
Sirmark, I'm not sure what you say is correct that nothing has changed since it was 45p we had the LPA report, which I have already stated seemed to not be received that favourably, there were questions raised as regards funding after one dropped out and some negative press as regards AGDC. This is a high risk share as it is, anything at all that adds to that risk could be detrimental to the share price.
No of course not I would agree with the market.
The bottom line is we have all at some time or another invested in a stock that we believe to undervalued, however a stocks intrinsic value is only ever realised once all requirements needed to unlock that value is met, you cannot value a company on future activity that might never come to be, if that was an acceptable route to take, then we would all be sitting here based on our net present value that often get bandied around by companys and yet there shareprices almost never reflect these.
The bottom line and is fact no matter how you think you have a greater insight or no, is that any stock, at any time is only worth what one will give you for it, such is supply and demand and marketability.
At this moment in time the world believes this stock to be around 29p a share and no matter how much you would LIKE it to be worth is meaningless.
As as regards being left behind, well if I wanted to buy and you think it cheap at £1.50, well one would have to say I have an age to decide.
" at £1.50 we was cheap.... to get the company now for 28p ... is truly insane !!!"
Unbelievably disengenuous and misleading, how can you be cheap at £1.50 with little cash, large debt and no funding in one of the most unforgiving places to drill and export in the world. No wonder people like scot, one of the larger rampers, are lambasted when these sorts of comments are made as if they are fact. This is just designed to bring in unsuspecting investors who haven't done enough research to prop up the negative equity positions of those with higher averages. Do not fall for these comments.
Oh and I might add, that perhaps if the directors, who by the way are extremely well paid, whether exec or non exec, wished to show their alignment with shareholders, perhaps they would not take huge option packages.
How nice it would be for a retail investor to have options, ie no risk packages whilst being paid large salaries also, whilst also not delivering the share price gains required by those retail investors in which to make a return.
No, if the directors wished to show alignment, why not make their bonuses or any shareholder offerering based on share price performance only and also non dilutionary, now that would be aligning.
Omg, Scot the fantasist, let me be absolutely ultra clear you'll get no apology from me. Your arrogance is astonishing to think that your long winded explanation of process gives you any level of authority, or justifies the past attitude of the board. Perhaps before butting in your pumped chest you should first understand the context of the discussion and the ethical position displayed by the past directors, particularly as the argument surrounded their interests being aligned with shareholders. However I shall not require 3 posts to lay out the facts.
1. The directors sold a whole load of shares pocketing a huge financial benefit to themselves by the sale of shares at a high price provided by a load of options shares at a low price. If as the argument goes the directors wished to show alignment to shareholders then they simply would not have done that.
No one cares about the process, no one cares about physically how the funds will have been delivered to them, nor their tax handling position, and I expect few think your ridiculous arrogant post justifies the argument. Likely it will be ticked up just because you support the ramping position you take, but I read your post as nothing more than a politician explaining to the electorate that it was ok to be awarded all these dodgy contracts because they were within the law, irrespective of how unethical it might have seemed as they pocketed huge swaths of cash.
Closed below the 100 day moving average so next support now at 25.79p being the 61.8%. A major support, if you're going to get a bounce, ignoring any effect from fundamental or news based, then technically this is the region for a bounce, not saying I would invest in panr but could be a trade with a buy set at around or below this level, to catch any drop from triggered stop losses.
"it's been 2 weeks since the Chairman said: 'We are expecting the Cawley Gillespie report on the Ahpun Topsets in the coming weeks', so positive news could land any time now"
That's assuming it's positive news, the last report doesn't seem to have been received that positively based on the lack of discussion, it certainly hasn't supported the share price, still dropping and some might say accelerating towards a double bottom that now seems to be acting like a moth to a flame.
As you have to sign the proforma, I opened the word doc, typed in the relevant name, address, amounts etc. Printed out, signed dated, ticked boxes and then scanned to pdf, sent the pdf in as an attachment to my email.
"It's in the high quartile of trading ranges"
Or, why buy in the high quartile when the price is retreating. 24,25, 26 or lower, maybe a very lowball limit buy to catch all the stop losses likely also set in this range.
Technically it's definitely dropping, that cannot be denied, how low may be argued, however down it is for around the tenth day now, the company may be better to place now than wait for an even lower price. Just a clowns view of course who called a technically bearish candle over a week ago. 🤔
"Please post some more predictions for PANR holders to ignore"
lol someone was triggered I see and didn't ignore it, makes me laugh, except you have no idea of my trading in 88e and your own recollection of events is rather selective at best...
..........shows you're worried though, as you should be.. :)
And I could quite as easily say if you think your blind adherence to an investment whilst ignoring the obvious price trend and potential drop in SP is representative of all other people here, then I expect you are mistaken, otherwise perhaps you can tell me who is selling, and has been doing so for the last 9 trading sessions.
Or, importantly since the last independent report by LKA which incidentally, many still do not wish to talk about as we know that the market was not impressed by the numbers, even the greatest rampers here have strayed from too much discussion on this one.
Yes, but we are clearly not all billionaires that can throw money at a stock without a care in the world and wait a decade when he clearly has multiple other investments. Hardly a comparison, a billionaire investor is clearly a million miles from your average AIM investor where they may be concerned with making as great a gain as possible.
Either way I would not be an investor at this price, it's in the high quartile of trading price in the last year, if I wanted to buy into Panr, I'd want to do it in a range that gives me optionality of either selling early but being in a profit if needed, or holding long time and reaping greater rewards. I would not be wanting to buy now to believe I may have some time whilst in a negative equity position.
You talk about billionaires but you don't see mangrove closing their short yet, why do you think that is?
Alfista, no one has denied Panr's future possibility, nor the size of the asset, however in terms of making money here, everything is about risk reward, timing and how much you wish to make from a stock. No one has denied that in the future 5 - 10 years from now, assuming everything goes to plan and that oil is able to be extracted and sent to market, then Panr may well be a good investment.
However, for many its about making money now and into the next months. If I believe that Panr is a good investment and I hold shares in it or wish to, then one would be silly to not also see that short term, the price is highly likely to retreat, in which case which is wisest, sell and buy back, (thus increase your holding and ultimate return) or wait to buy at a lower price, again greater return, or just sit on your hands and do nothing, the price of inaction is the price of reduced profits.
Every technical and fundamental indicator is showing that on probability the price is going to continue down over the next few weeks, yes you might get a few little spikes but this is now firmly under what were strong support levels, broached multiple times and now broken on both the bid and ask.
Lol we ALL know that WOS is a ramper of the most magnificent order. His lies are not disguised by either his alias, or the fake broken English, you just have to take what he says with a pinch of salt and remember the broken clock, otherwise just look at it as entertainment.
I'd say I have been pretty balanced, I write it as I see it, have a look over my previous posts bullish where needed, however I am not going to ignore the facts as I see them also, technically the trade is a hold, for those of a nervous disposition and are in for the long haul, which of course for PANR is a given considering plans out to 2028.
But for those that wish to trade I posted to trim and buy lower.
As regards the fundamentals, well you cannot get away from the fact that Panr need cash and the most likely route will be equity, its the mainstay of AIM, its why companies list on it.