The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Can I suggest that as everyone seems to have spent an inordinate amount of time trying to ask Older and Scot to refrain from commenting here, to then call them for comment is just nuts, I would suggest don't do it.
Tony, for my respect to and your views and understanding your concern, I shall cease my input on this board, .....unless of course Scot and olderwiser that have absolutely no financial interest in 88e continue their attack there.
It must be highlighted that olderwiser and scot have made statement that they have no investment in 88e and yet they continue to go onto that board to spread fear, uncertainty and doubt. I suspect they have shorts, specifically olderwiser who is unable to explain why he has placed almost 300 posts on 88e, all negative, all in the last 30 days, mainly all repetitive about 4 barrels collected oil when he knows fully the campaign was not a competition to collect oil but one of flow rates.
He and scot have been asked multiple (probably in the hundred plus) times to stop, there is no need to continually, ad infinitum it seems to repeat the same again and again. yet the pathetic excuse they use for the inordinate amount of time spent on 88e is to help protect shareholders, something that has rightly been pointed out that Older had no concern to warn shareholders here when they were pumping in cash at 130p etc.
So I shall stop my input here, however I do reserve the right to go to extraordinary lengths of research to highlight every conceivable risk both fundamental and technical and ensure that is known everywhere if their attacks continues.
No I have not ignored their commentary, I've heard it but just because they say it does not make it fact, they had 2 potential funders they now have one, their auditor has highlighted the material uncertainly risk, but no one here has. The mkt cap shows itself to be massively overvalued against other dividend paying companies, in easier to drill locations with proven reserves and production, but no one here has. The technical charts show a decline, but no discussion here, in fact everything here is uber positive, yet risks exist, I'm just creating balance.
I'm not sowing seeds of doubt, I am opening the eyes here, creating balance to the risks which few wish to talk about, indeed some shareholders here spend 10 times the effort putting down other companies and explaining the risks to other companies shareholders than they do on their own stock.
Perhaps these shareholders should be more open to the risks here, such as was asked of one of your most prolific posters recently, why he was not warning the shareholders here with such fervour when they were pumping the stock in august 2022 at above 120p, how did that turn out for those now bag holding at 31.7p and dropping.
Correct Dr. too many people concentrating on fantasy billions of barrels that without huge investment will stay exactly where it has for the last millions of years. Funding is difficult in the Oil and gas sector now, Pantheon has already lost one potential partner and the auditor had to make comment as regards a material uncertainty for Pantheon to continue as a going concern without funding.
All over the world the funders can take their pick in less risky oil where drilling can be performed all year round without potential supply chain issues, where oil is coming out of the ground now and dividends being paid to shareholders. I know of companies that provide 9% dividends, debt free, 20,000 boepd and less than half the MKT cap of here, PANR is massively overvalued, they have only loss making hope for funding. Mangrove knows this and the SP will soon reflect that reality that no one here likes to talk about, just dreams..
If as I suspect Patheon are struggling for funding the only recourse open to them will be equity and it will be a lot, hugely dilutive and even then if they get it nothing will come back to the shareholders for years. None of these potential issues are ever raised here it always look at the oil, well I say look at the risk, its off the scale.
"Sadly the market has not reacted in a positive way so far."
its just placing the groundwork, everyone knows there will be a raise at some point, it is only this holding back the price, the next raise may be the first one where on completion the price goes up, lets see.
"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.