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"Please button it for the sake of the very significant and mainly silent majority"
I assume you asked Older and Scot to do the same, whilst they spent every waking hour, day and night spreading FUD on the 88e board and ramping Panr. hmm yeah thought not.
Anyway, ignoring that, as this is obviously not the reason I am here. I am here only to bring balance, to highlight the facts nothing more as we don't want anyone ramping the company without showing the technical and fundamental risks, that would be disingenuous.
Looks like the 200 day EMA and the 50 day SMA are sitting at almost the same level at 28.7p both together and panr now just under the fib support of 32.5. This could become a moth to a torch. will this be day 7 of decline.
Perhaps the PANR crew should look to their own stock where they had to produce their last interim accounts as a going concern due to the auditors note relating to a, 'material uncertainly'. Indeed, you can read my post on the Panr forum this morning if you like. highlighting Older's obvious concern, so of course he raised this to the panr board, just like he warned them about buying in at 130p, but oops I forgot, he only warns 88e shareholders of potential issues.
I also note that were this 88e, Older and Scot would have been all over this warning people.
What warnings did they issue here after the interim results showed that Pantheon's statement, also backed by the auditor's note, suggested that while the company is working towards securing the necessary funds, it has not yet secured all the financial resources required for the next 12 months. This places the company in a precarious position where it needs to successfully secure funding to maintain its operations and fulfill its strategic plans that the financial statements were prepared on a going concern basis, which indicates that the directors believe they can raise the necessary capital, but there remains an acknowledged risk that they may not be able to do so.
Just for clarity, When a company's financial statements are prepared on a going concern basis, it assumes the company will continue its operations into the foreseeable future. However, if there are 'material uncertainties' mentioned by the auditors—like in Pantheon's case—it indicates that there are significant doubts about the company's ability to continue as a going concern unless it resolves those uncertainties.
In Pantheon's situation, the uncertainty revolves around securing sufficient funding. The auditors' note about a "material uncertainty related to going concern" essentially serves as a warning that if Pantheon does not successfully secure the needed funding by the targeted dates, there is a real risk that the company may not be able to meet its financial obligations and continue operating beyond the next 12 months. This does not mean that failure is certain, but it indicates a significant risk that stakeholders should consider. The company's future viability is contingent upon the successful implementation of its funding and operational strategies as outlined in its financial and strategic planning documents.
I assume that Older warned everyone here about this.....
Lol Older "No apologies from me for bringing fact to fantasy land"
- 270 posts in 30 days on a share you are uninvested in to help those poor 88e shareholder, a share you have no financial interest in and over 10 times the posts that you do here that you are invested in, hundreds of man hours for you to try and save your fellow man, what a saviour you are.
Or is it that you are short 88e. btw
you didn't answer someone's call yesterday,
"Did you warn people on the Panr board about buying in at 130p ? But the knights in shining armour are here to save people from 88e "
Lol what's that noise I hear, tapping furiously! oh is that scot hoping to get a response out, but his mental state means he's unable to send when the word count is less than 1000 - sure Older will will help him.
And with funding for oil getting tighter these companies running on fumes will have to bend over backwards for cash, however I expect that cash will be going to the safer, less risky, oilers. Wasn't this financed on a going concern basis?
Or like a broken clock one of them will be right occasionally and I would suggest pretty soon
6 straight days now of SP decline and the last technical support sitting at 32.5 (78.6% fib) may shortly be broken and then its a clear drop to 100 day sma at 26.1p.
Most striking is the on balance volume (OBV) pointing down with a trend now established.
With a reading of 15 a declining OBV accompanied by falling prices indicates bearish momentum in the market. It suggests that selling pressure is increasing, leading to lower prices and has now been associated with confirmation of a downtrend, an indication to traders that the downward movement is likely to continue.
Add to this, the MACD is about to provide a bearish crossover, will day 7 be the continuation decline. A close today of 32.8p shows the support is just hanging in there, will it tomorrow, if it goes the drop could accelerate.
Maybe best for the company to place now before giving away greater dilution.
"Pantheon reserves, once they are certified as such from their current status of "resources", are over twenty times higher than this."
lol that's funny as if they will ever get to that stage. years and years and $millions away. and of course millions and millions and millions of shares added.
MB I don't think you can just say divide by 2 or 3, how do you get to that?
My understanding is that royalty assets represent a form of ownership interest in oil and gas properties that entitles the holder to a share of the revenue generated from production, without bearing any of the costs associated with exploration, development, or operation. So I think you need a far greater understanding that just throwing out divide by 2 or 3.
By my reconning, that's a valuation of the company of around $1.3 billion
20,413 boepd / 388 = 52.61 * USD 24.81 m = $1.305 billion, or taking the RNS figure of "6.9 times 2024 forecasted cash flow and approximately USD 63,960 per flowing boe/d" =
20,413 * USD 63,960 = $1.305 billion.
Current MKT Cap USD $179 million
Of course you don't get that premium for every one of our flowing barrels one would have thought, but gives a general understanding of just how massively undervalued we are to be able to achieve those metrics.